The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-11-17
FINANCE AND COMMERCE.
New York stock MARKET.

New York Stock Market.
New YORK. Nov. l6.-The transac-
tions at tho stock exchange were even
less than on yesterday, amounting to
only 177,00O shares OF listed and un-
listed stocks. At the opening there
was quito light demand for the promi-
nent ISIS ues and q slight advance fol-
lowed. Manhattan was an exception,
declining nearly a pint on the absurd
rumor that the east Manhattan was
liquidating.
rhe other active stocks then advanced
quently rose nearly . per cent 10 l27M;
wbicn tened TO strengthen the whole
list. Sugar moved up lss; Burlington
nnd Quincy, 1; Canada Pacific, 1ss;
Chicago Gas, T; Distillers, %; Louis
Vile and Nashville, Ii Nashville, Chat
tanooga and st. Louie, ~; Cordage,
14; New Jersey Central, ~; United
States rubber, l; do preferred, ~; and
Western Union, Is to STU. The mar
ket ruled strong until near midday,
when General Electric suddenly broke
32s to 3S. 1t was reported from Boston
that the company would not meet its
| December interests and the January
| dividend on the preferred stocks.
1t was also stated that Director G. 81.
Coster had resigned, but all these re-
ports were denied. The reason
assigned in the room for the break was
the closing OF loan, in which the
stock figured as collateral. This weak
ened the market again, especially for
Manhattan and Western Union, the
former having sold down to 1876 and the
latter to s6A. Near tho close. how
over, Sugar moved up rapidly to 95, and
general rally OF u to l per cent. took
place, General Electric leading. The
market left off firm. In the early trad
ing the speculation was favorably in
| fluenced by an unfounded rumor that
| Assistant Treasurer Jordan had lett for
Europe for the purpose of negotiating
| sale of bonds for the general govern
| ment
The sensational reports about the
| Bank of England were not generally
| credited and the stock market certainly
did not reflect any serious difficulty.
| Sterling exchange, however. was de-
cidedly strong, due, it is said, in a great
measure to the demand for English
bankers who desired to have their
capital close at hand in ca, o the alleged
troubles should prove to be serious
The net gains for the day ranged from
| 4 TO per cent. Railway bonds were
ENtS" I'll Treasury O1ItuCc6-
Coin, $50, $50, 900; currency, $50, CSC, 900
Produce and Merchandise.
NEW YoRK, Nov. 16.-Flour weak,
light demand; winter wheat, low grades,
| 2.00@2 As; do patents, 3.4O@365; Min
| nesota clear, 2.50@2.00; patents, 500
4.35; low extras, 2.05@2.45; Southern
flour dull, weak; common to fair extra,
200@3.00; good to choice do. 10@4.2O
Wheat quiet, A@N lower, dull, steady;
| No. red, store and elevator 6S; options
fairly active, weak and 31@%c lower;
November, 65A; December, 66]5.
OCorn, spot quiet, easier; No. 9, 45L
| elevator, 45A@46 afoa.; options de-
clined 5000, closed weak trading
fairly active; November, 44%, Decem.
Der. 44s4. Oats, spots quiet, frmer;
options dull, steady; November, "a; De-
| 36k@369S; spot No. 2, 34@34A; No. 9
white, 36@36A; mixed Western, as;
white do, 36@4O. Wool quiet, irregular;
domestic fleece. 2O@25: pulled, 16@25;
Texas, 10@16. Beef dull, firm; family,
| 12.00@1 1880; extra mess, 10 5O@I1; beef
hams quiet, 1850.
Molasses, foreign nominal; New Or
| leans, 30@3S. quiet, steady. Peanuts
| dull; fancy hand picked, A. Coffee
steady, unchanged to 10 up; December,
16.70@16.75; March, 16 100000; Sep
ember, 1925; spot Rio dull, steady; No.
7. 1875. Sugar raw dull, weak; fair re-
fining, 1916; refined steady, fair
demand; off A, 4]S@4 l6; standard A,
16@42l; cut loaf, SOS GIG; crushed,
sos BIG; granulated, 3-16@4%.
Freiehts firm, quiet; cotton steam,
IL Cad; grain steam, 3D.