The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-09-03
FINANCE AND COMMERCE.
New York Stock Market.

NOW 1crR StoCk Market
NEW YORK, Sept. 2.-To-day's stock
market was revelation to many ope.
rators, the advance in prices having ex-
ceeded even the expectations of those
working on the long side of the account
The bulk Of buying at the opening
was on q belief that the bank state
ment would be favorable. The ease
with which prices moved up astonished
shorts who have been contending for
the past few days that It was too rapid
to hold.
Belated shorts became alarmed after
publication of bank statement, which
showed the banks were only Sl,567,5 25
below legal requirements and in their
effort to get back contracts bid prices
upon them selves. Chicago Gas, SIX;
st. Paul, 31s; Sugar, 239; Baltimore and
OHIO, ~; Rhode Island, 2; Edison
illuminated, AS General Electric, az /;
louisville and Nashville, 2M; Missouri
Pacific, 2; New Jersey Central, 8; Pull
man, 5; Omaha, ~; United States Rub
Der, preferred, "a, and Western Union,
~.
Just previous to the close there was
considerable realizing by those who dc
sired to oven up their trades over the
double holiday and reaction from the
high figures noted above eneued
In final dealings, however, the mar
ket was strong. Total sales for the
day, $4,000 shares.
The weekly bank statement of asso-
ciated banks shows the following
changes: Reserve, increase, SIS, ITO, $50;
loans, decrease, S3,43S, 100; specie, in
crease, S3,929,GOO legal tenders, in
crease, S2,l23, 100; deposits, increase,
$3.50, zoo; circulation, increase, 81, 13I,-
400. The banks are now Si,5G7,525 be-
low tho requirements OF the 25 per
cent rule.
Money on call nominally at 3. Prime
mercantile paper, s@12 per cent Ster-
ing exchange is dull with actual
business in bankers bills at 1920
4S2N for sixty days and 4s6@4S6M
for demand. Posted rates, 4s2@4S7.
Commercial bills, 4s0%@4SsM Bar
silver, 73&. Government bonds steady.
State bonds dull. Railroad bonds ac-
tive and strong. Silver at the stock ex.
change to-day neglected. Sub treasury
balances, coin, s5O,o9o, 900; currency,
Stab, 900.
Closing bids
Atchison, Topeka and Santa Fee. 1917
baltimore and Ohio. 6S%
canada Pacific. ................. "a
Chesapeake and Ohio. ..... l726
Chicago, Burlington and Quincy. s2N
Chicago and Alton. ........ 100
Cotton Oil. NEUTRALITY-SUSPICIOUS.. "a
Cotton Oil preferred. ............ 65k
East Tennessee. ........... d
East Tennessee preferred. ....... 9
Erie. ACKNOWLEDGEMENTS. 15A
Erie preferred. ......... 20
illinois Central. ................. 93M
Delaware, Lackawana and West. 1877 4
Lake Erie and Western. tx
Lake. Erie and Western pref. $50. 6s
Lake Shore. Observation-Disclosures. 1104
Louisville and Nashville. ........ 55h
Memphis and Charleston. ........ 10
Michigan Central. ............... $50
Missouri Pacific. .... 24%
Mobile and Ohio. ................ )33s
n, q. d st. L.. &c
New York Central. 1Ol
New Jersey Central. 1O2
Norfolk and Western preferred 90
Northern Pacific. ........ 51s
Northern Pacific preferred. .. "a
Northwestern Observation-Disclosures. 90
Northwestern preferred. ...... 1874
I acific Mail. 10
Reading ................... TX
Richmond Terminal ...... *
Rock Island. 63M
st. Paul. ................... 613s
ST. Paul preferred. .............. 1917
Silver Certificates. observation-disclosures. Z.
American Sugar. ................ S64
tTannassae 1 Cosi pa Trnn ooz5
Tennessee Cool and Iron preferred SO
IIa ao,no' Observation-Disclosures oss
Wabash o1
Wabash preferred. ......... 16T
Western Union. .............. 81
Alabama, class Observation-Disclosures. 90
Alabono, oloeo ID M