The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-09-06
FINANCE AND COMMERCE.
New York Stock Market.

NEW YORK, Sept 5.-Irregularity
marked the course of prices at the
stock exchange during the first two
hours Of business. The opening was
rather ragged, some stocks showing ad
] vances while others scored declines and
other reactionary tendency in certain
parts of the list was due to the selling by
holders who were of the opinion that
aiSaturday's advances was entirely too
4 rapid to hold. Considerable stock came
= from this quarter resulting as is stated
4 in sort of hating speculation.
Inc offerings were absorbed about
mid day, however, when it was seen that.
4 notwltnstonding the outpouring of
stock, the impression made on values
I was unimportant. What made this all
the more significant was the fact that
4 the market held its own in the face M
4 the unfavorable August statement OF
a The St Paul, Louisville and Nashville
Il and Danville and Rio Grande. In the
cease OF the latter the gross earnings
$swere only SiG9,300 against 1881, 900 for
4fhe corresponding month in 1892.
j The enormous falling off is ascribed
4 to the fact that the Masonic copclaye
. was held in Denver in 1892. So far as
4 the heavy decreases made by st. Paul
and Louisville and Nashville and a few
4 OF the minor roads, no official expiana-
ton was made, ana tho falling off is due
10 causes which have been operating
4 1or some time. The gain was most
1 pronounced in stocks of propsrties ro-
4 Gently allowed to have been in danger
OF receiverships. OF these General
Electric was q conspicuous case. Tho
stock rose from 1925 to AK, with a
difference of q per cent between salos.
Other notable gains were Pullman
Palace Car S, Sugar Az. do preferred
~, American Cotton Oil preferred az,
American Tobacco Az, do preferred d
Chicago Gas ST. Rock Island 2L. Col
i orado 81, Delaware and Hudson So.
4 Edison Illuminating SO, Laclede Gas
preferred 5, Great Northern preferred 6.
Louisville and Nashville 2]8, Manhat-
tan 81, Missouri Pacific Az, Erie pre-
ierred y, Rubber preferred 2I,
western Union 24 and Wheeling and
Lake Erie preferred az.
In some quarters the rise was ascrib I'D
10 purchases by the bears who desired
TO limit their losses. The execution of
4 these stop loss orders was an important
element In bringing about the advance.
1t was also currently reported that one
or Two OF the leading bears made private
settlements in st. Paul and Burlington
and Quincy. The main factor is the
great change for the better in the none
tary situation which has brought much
4 needed change to the brokers who are
more disposed to take on new engage
ments. They were in receipt OF orders
to day from the West where the strin-
gency in money has also abated. The
The rise led to realizations, but
IN the final transactions the market
was firm. Evansville and Terre
Haute stock broke 10 points to rs on
sales of 1880 shares. rhe break was
attributed TO the closing out of loan
OF a stock exchange house which re-
Gently suspended Sales: Listed stocks.
100000 shares; unlisted, $4,000. Sub
treasury balances: Coin, SIS, s75. Ooo.
currency, S7,423, 900
Money on call has been ranging from
to q, first loan at 3 and closing offered
at 2. Prime mercantile paper, s@12
per cent. Bar silver, 49, Mexican dol
lars, ssh. Sterling exchange is firm,
with actual business in bankers bills at
4s24@4s2& for sixty days fand 4s6@
4S64 for demand. Posted rates, 4s2h@
4s7 Commercial bills, 4s01S 4.
/ Government bonds firm. State bonds
dull. Railroad bonds steady. The
sales OF silver at the stock exchange to.
day were 1000 ounces at 10.
b