The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-12-02
FINANCE AND COMMERCE
New York Stock Market.

New YORK, Dec. 1.-Heavy purchases
of stocks and bonds for London account
caused a general advance in prices in
the local market at the opening. Oper.
ators hero practically ignored the Ital-
ian financial disturbance and for that
matter the troubles seemed to have no
effect on the continental markets Lou
don, 1t was estimated, took fully 25, 900
shares OF various stocks as we'll as big
patches of bonds. Shortly after the
opening Sugar suddenly dropped from
SO to 80. The other industcials we're
also weak, notably Whiskey and Lead
There was some heavy liquidations in
Lead preferred by parties who feared
that the Wilson tariff bill, If 1t becomes
law, will cut down the profits of this
concern. About the only weak spot
among the railways was Burlington and
Quincy and the stock fell rs to s0sS.
In the afternoon Western Union, Atchi-
son, Union Pacific, Chicago Gas and
Louisville and Nashville developed
great strength. The last named ad :
vanced on official statements that the
company had paid off a big loan in
London and that the $4,000 shares OF
stock pledged as collateral had been
returned. The stock rose one point.
Union Pacific sold up from 2O}5 to 23a6.
the reorganization scheme will provide
for settlement with the Government
by the issue Of a two PERCENT. blanket
mortgage.
Atchison advanced to 21%, the state
mont OF the company's operations for
October having proved more favorable
than expected. Chicago Gas moved up
to 60 on the general belief that the
directors on Wednesday will declare q
cash dividend of IL per cent. The
market was strongest near the close,
and the best prices OF tho day were
current then. In the inactive stocks
American Tobacco fell az to 70%. and
Edison Illuminating, of New York,
advanced TO o7N. The negotiations
for the day in the prominent issues
ranged from Il to u per cent. The
and miscellaneous bonds were strong.
Treasury balances: gCon, SCI, Al 900;
currency, S25. 900.
Money on call has boon easy, ranging
from to n; last loan ~ and closing
offered u. Prime mercantile paper
4@4I per cent. Bar silver 69h. Mex
lean dollars 5G4. Sterling exchange is
firm with actual business in bankers
bills at 4s3 M@4s34 for 60 days and
4S64 @4s61S for demand. Posted rates
4S4MD4S7h. Commercial bills 1890
4S34 for 60 days and 4s5@4S5A for
demand. Government bonds steady
State bonds firm. Railroad bonds strong
Silver certificates at the board we're
neglected.
Produce and Merchandise.
New YORK, Dec. 1.-Flour quiet,
firm; winter wheat, low grades, 5000
PAS; patents, a.4O@365; Minnesota
clear, 2.5o@2.9 90; do patents, 3 sO@3.s5;
Southern flour dull, firm common to
FAR extra, a,00@3oo; good to choice,
3.l0@4.20. Wheat moderately active,
firm; No. red, store and elevator 67%,
afioat, 6sA @6S}6; options more active.
very irregular, closing unchanged
prices to u advance; December. 67%;
January. 6S5s. Corn firm, fairly active;
No. 2, 44M@45A elevator, 45H@45%
afoat; options without features and
$50 a lower. closing steady; December,
d49s; January, 44%.
343s; January, 34%; No. 9 white, De-
Gem Der, 3GH; January, BIZ; spot No.
white. 36}6 M37; mixed Western, 35@36;
white do, 36N@41. Wool less doing,
unsettled; domestic fleece, 2O@25. Beef
unchanged; family, l2@14.5O; extra
mess, 10 so all; beef hams quiet, 1880;
tierced beef dull; city extra India mess,
20; Cut meats quiet, steady; picked
bellies, S}6; shoulders, 7A@G%; hams.
94@91d; middles nominal Lard quiet
firm; Western steam closed s.7O@8.75:
CITY, s; December, As; refined dull;
continent, OPS; South America, 9.65;
compound, 6M@6%.
Pork moderate demand steady; mess,
1905. Butter quiet; State diary, 1900
90; do. creamery, 22@26; elgins,
27@27h; imitation creamery, ls@22
Cotton seed oil dull. steady; crude
go; yellow, IS. Petroleum, dull;
nominal quiet. Rosn quiet; strained
common to good, 1.27M@1 3215. Tur.
pentine dull, steady, 29k@3O. Rice
fair demand; domestic fair to extra,
3%@4%; Japan, 4A@43S. Molasses,
foreign nominal; New Orleans, 3O@3s;
quiet. steady. Peanuts quiet.
Coffee steadier; options steady, 10000
points advance, closing steady, 10000
points up; December, $780, May, IL. 400
15.45; September, 1880; spot Rio dull,
quiet; No. Z, 17%, Sugar, raw steady,
dull; fair refining, 2as; refined fair de-
mand; No. &, 1860; standard A,
413-16@4ss ; cut loaf, sos 3-.16; crushed,
SOS BIG; granulated, 5-I6@4%.
Freights to Liverpool dull, steady; cot
ton, "a bid; 1-64d asked grain, Sd.
Fitz, dizziness, hysteria, wakefulness
bad dreams and softening of the brain
quickly cured by Magnetic Nervine.