The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-05-27
FINANCE AND COMMERCE.
New York Stock Market.

New YORK, May 26.-The stock mar
ket was far less active than yesterday
The course Of prices was irregular, but
fluctuations in few instances we're
quite important. The market opened
lower in sympathy with London, but a
: rally ensued, and later, under
fairly brisk demand, prices gen.
orally went above last nights finals.
Manhattan rose 8, Sugar, "a; Electric,
IL; Coal and Iron, 8; American Tobacco,
g.; Distillers, 24, and Gas, ST. The
last mentioned was favorably affected
by the action of ths directors in raising
the rate OF quarterly payments from Il
to Q per cent.
The failure of the Foster Banking
Company, of Fo3toria, Ohio, OF which
ex Secretary Foster was president and
the engagement of $4,000, 600 gold for
export to Europe, induced bears to make
raid on the market during the after
noon. Manhattan dropped So to 1917
ON reports that at the next meeting of
Inc rapid transit commission 1t would
ueclde to invite bids for the construc.
ton Of new lines. Conso idated Gas,
General Electric. Sugar and Tennessee
coal and Iron reacted 1}6@2 points.
Leading shares like Changers, Atchison,
New York Central and Lake Shore
closed with merely fractional net
changes. The market closed rather
weak; sales, 1sl, 900; listed, %, 900 un-
listed; sub treasury balances; coin, S55,-
goo; currency, Sl6,7lG,O00
Chicago Markets.
CHICAGO, May 20.--September pork
opened at 2o.s5. 1t was two hours in
slowly getting up from Is to 81. Then
without a particle of warning it was
less than five minutes getting to 30.
The phenomenal jump of two barrels
h That figure stopped the runaway market,
Il and in fifteen minutes the price was
back to 20 30. Tho cloae was at % IS
or 1.5o up from opening. This remark
able action Is but fash in this deal,
which hal quietly tied up all the co I.
! tract pork In sight and will release
4 Aothing except at q great punishment
Il TO the shorts. The manipulation, which
4 IS credited to Cudahy, Charlie Wright
and some say N. X Fairbank, has been
II the scare crow in the provision trade for
Il weeks. Prices went from 25 to so at the
jump between trades, and the 25 mark
!; was quietly reached. One stop order
n placed at 81 80 was filed at % and this
was but a sample. Only small lots
kHere wanted and trade was not heavy.
Steever sold 75O barrels for the
Ecique. The product may apparently
,sgo to rs or 80 as we'll, for it seems to be
f}sornered for all It's worth. : is said
n. . at in ten years the market has not
gone up so rapidly on so little buying.
agrnere was nothing doing in the other
l1fcog products. Lard and ribs closed
nominally, 22M higher than last night.
h Wheat was uneasy. The opening was
Il about the same as yesterdays closing
Ito Is lower, and with some slight nuc,
Etu atoms prices declined l for July and
nv for September, then rallied q,
ff losed off some and the closing was
2labout u lower for July and q lower
for Septembc- than yesterday. In corn,
albrokers supposed to be acting in the
ain.erest of large local longs, SOLD freely,
Hand at the declining price worked down
h. but rallied 4 later, owing to t. @
sIstrength in the provisions, ruled easior
Hand at the close lost I4@}5. Ca 4
asearly, were a shade better, advancing
II % =, but later declined zoos with
Nmhcat and corn, and the closing was
ut