The evening world., 1895-09-16
RALLY At THE CLOSE.
Uncertainty Regarding Gold Mat
ters Aid Bears at First
Higher Rates Of Interest Foreshad-
owed In Many Quarters.
Final Quotations BETTER Than on
saturday.

The heavy shipments of gold by Satur-
days steamers the talk of probable fur
ther large Withdrawals of the yellow
metal from the Treasury this week and
the low prices for cereals. produced
pronounced bearish feeling in stock cir
cles this morning.
Eight out of every ten operators felt
that the market was doomed to suffer
sharp break, but they modified their
opinion somewhat when early cables
from London reported a general advance
IN Americans there.
Nevertheless the bears made a
drive at the list and where the mar
ket happened to be honeycombed with
stop orders material declines occurred.
The spccialties were the greatest suf-
ferers. namely. Tennessee Coal, Jersey
Central. Missouri Pacific. Wheeling 4
Lake Erie St. Louis d Southwestern
preferred. Kansas & Texas preferred,
Susquehanna 4 Western preferred and
Distillers. which broke | IL to 3 points.
The leaders paid comparatively little
attention to these. however. and concen-
trated their efforts on stocks like Sugar.
the Grangers, and Louisville & Nash
vile. Round amounts were marketed.
and prices occasionally yielded under
the pressure. but the bulls were too
strong for reopponents. and finally
succeeded in turning the current W.
ward.
Unusual interest centred in the money
market. The heavy falling off In the
bank reserves foreshadowed higher
rates cf interest and lenders seemed
disposed to take advantage of the gold
shipments and the etiiux OF currency
to the interior.
Round amounts were taken TINS morn
mig at ga H. per cent. The effect OF
this was a decline in the foreign ex-
changes, the market for which had a
weaker tendency. ,,,
a 4ss9. sight at ASA a 4.S9s., and COM
The stock market was feverish. Man
haitian broke 3 3-4 to io1 IA. and there
was a pressure to sell the leading shares
like the Grangers, under which they lost
most of the early Improvement.
The feeling is anything but conndent.
owing to the prevailing uncertainty as
to gold shipments and the Treasury
reserve.
The bears having met with some sue
! cess of late seem determined to press
their advantage and to this end are
circulating unfavorable rumors, when
, receive more or less credence in the
absence of definite information from
the talk about another issue OF Govern
ment bonds.
Sugar was one of the strongest stocks
on the list, owing to an advance IN the
price of refined sugar by the Trust:
London was buyer Of st. Paul and
other specialties.
The eastbound tonnage from Chicago
last week was GO,9OO tons, against 81, 232
| an the previous week and 81. 528 last year.
Lake Shore led with 1864 tons; other
Wabash. 6lsl: Fort Wayne. 1858; Pan
handle. 7s4S; Baltimore & Ohio. S,S4;
Grand Trunk, 7,Ol2 Nickel Plate. 4.4s2:
Erie. 6.OO3 Big Four. 2.2S7.
Mr.. Huntington was at his off1ce to-
| day. 1t is said that negotiations with
the Panama people are on. and that
an arrangement is likely to be reached
by which there will be a division Of ter
ritory, the Panama people to have their
| line Unrestricted between New York and
the Isthmus, and Pacific Mail to have
control of traffic on the West coast.
Mr. Huntington leaves for California
the latter part of this week.
The steamship Spree. sailing Tor
Europe tomorrow, will take out $1,000
ounces of silver.
There was a further rally in the stock
market near the close and final quota
tions were better than on Saturday.
The sales of listed stocks to-day were
2S4.5l7 shares. In the unlisted depart
ment 900 shares of Sugar were dealt in.