The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1894-08-14
FINANCE AND COMMERCE,
New xorh stool Market.

NOW xork BOOK market.
NEW YORK, Aug. 13.-It has been
stated from time to time of late that the
sluggishness Of the stock market WAS
the result OF the failure Of the national
legislature to act upon a tariff policy. 1t
mattered not. SO the traders contend,
what the lines OF the policy determined
upon might be, as long as something
definite was offered. So far as traders
were concerned it could be either the
Wilson bill or the German measures;
either one would do to start up specula-
tion. The main point was to break the
deadlock. To.day's market fully bore
out this theory, for stock speculation
was sctive from the moment it became
tolerably certain that an end OF the
seemingly interminable discussion was
at hand Transactions reached heavier
totals, both In stocks and bonds, than
for any day for long time past. Stocks
alone figured for 265,9Oa shares, while
In railway and miscellaneous mort
cages 81, 901 900 changed hands.
London, which was as much. II not
more, exercised as home operators came
In with liberal buying orders at the
start. tAe foreigners having been in
huenced by early advices from this side
that the House would to-day decide to
reoede from its original position and &C.
cept the Senate bill. London bought
about fifteen thousand shares, its pur-
chases Of Louisville and Nashville
causing that stock to open at SO against
against 50X at the close on Saturday.
The general list improved on these pur-
chases as we'll as the report OF good
rains in the corn belt and the loo al bears
who have been predicting all sorts OF
diaaster TO the corn roads began to
cover right at the opening. Before
they had fairly started 1t was an
nounced from Washington that the
Democratic caucus of the members OF
the House had voted by decisive ma
jority to recede from their position and
accept the bill recommended by the
Senate financial committee. This was
the signal for the execution OF large
orders on long account and prices ad.
vanced at rush.
for some time past to the encourage.
ment to the commission houses. The
rise induced the big bulls to sell, but as
their offerings were quickly absorbed
the room traders turned in near the
close and bid up prices> all along the
line. 1t was at this time that the best
figures of the day were recorded. The
most important gains follow: Distillers,
4 to 81 4; American Tobacco, ~ to 90;
Burlington and Quincy, to "a; North
west, 6 to 105 3s; st. Paul, 2X to 6lk;
Rock Island, . = to &c; Denver and Rio
Grande, preferred, to 3s General
Electric, * to 59sl; Louisville and
Nashville, 2h to sa9s; Manhattan. ~
to 117sl, Chicago Gas, to 751; Mis-.
souri, Pacific, ~ to osss; Lead, X to
A; preferred, II to S9s4; Erie, 1 to IS;
do. preferred, IL to 80; Northern
Pacific, " to 1873; Norfolk and West
ern, preferred, 2ss to 23T; Richmond
terminal, TO l73S; do. preferred, to
22H; Omaha, u to 3616; United States
Leather to IL; do. preferred, 2A to
6lH; Union Pacific, \ to TX; West
ern Union. IA to s9N, and United
States Co-dago, to %.
Speculation closed strong. little at
tention having been paid to the caucus
instruction to the ways and means COM
mittee to report bills placing sugar,
coal, iron ore and barbed wire on the
free list. A favorable development was
the weakness of sterling exchange and
the reports from Europe OF the declin-
Ing tendency In discount in the open
market. Net changes in stocks show
gains OF u to per cent. for the day,
Distillers. Norfolk and Western pre-
ferred and Leather preferred leading.
The bond market was active and buoy
ant, and on heavy trading an advance Of
to per cent. was recorded. Sales of
listed stock, 1915, 900 shares; unlisted,
62,oOO.
Treasury balances: Coin, SIS, 4sO, 900;
currency. $50, 600, 900.
Produoe ana HIarcharS,..