The daily morning journal and courier., 1894-11-02
Einaur1al.
The Market Was Nervous and itespondsd
 to Outside Conditions,

Il to Outside Conditions.
 New York, Nov. 1.-The stock market
 was nervous to-day and responded
 quickly to outside conditions. except
 for American Sugar. which acted di- rectly contrary to the current news on
 tho property. The stock was in de- mand throughout and advanced from siss to ssx, closing at S6M, . gain of ? per cent. for the day. The advance took place in the face of another re- duction In refined, making a cut of $ of cent for the past ten days. The rise was generally attributed to insid- CTS who, the street has 1t, are expect ing a favorable decision in the matter of the revenue tax on German sugars.
 The general list displayed a firm under tone. the market recovering quickly
 from bear ,attacks. This contingent hammered the grangers and New Jer- sey Central at times, but they did not succeed in shaking out long stock as on the previous days of the week.
 The impression is gradually gaining ground that the big bears have taken advantage of the break in the coalers and Northwestern to materially reduce their short lines, preferring to have their house In order so as to be pre- pared for whatever the election may bring forth. The news to-day gener- ally favored those operating for higher prices. The Louisville and Nashville September statement showed net in- crease of s25.O00. the New York Central for the September quarter earned 1.15 per cent. on the stock, which was much better than expected; the Pennsylvania declared Its regular dividend, and the deposit of Reading securities under the Earle-Olcott plan were fairly large.
 The death of the cZar had no ef- feet. Reading securities were in good demand for Philadelphia account and an advance of l to 1ss per cent. ensued. Northwestern ranged between 99 and 1OOA and left off at 100B. Officials here say the question of the December dividend has not been considered and will not be until the full returns of the five months from June l, 1894, and the prospects for the first half of 1895 are known. Another bear argument on the stock was exploded to-day; the Mutual Life Insurance company having denied that it had sold any of the stock. The fact also developed that only one insurance company in the state holds the stock. This company announced early in the week that it had not parted with any of its hold ings. Manhattan was stronger, rising IS to 107k. The shares command a premium for use. The sentiment ap- pears to be changing and the recent sellers are not so confident of their ability to shake out long stock even if the Rapid Transit bill should pass next Tuesday. Among other things speculative. sellers appear to have over- looked the fact that the Manhattan company Is an eligible bidder for the contract to construct road if the city decides to build.
 In the late trading, Sterling Elk change stiffened somewhat and this led to rumors that some gold would be forwarded to France on Saturday. On this another attack was made on the list, Jersey Central running off 1ss, to 935s, and the other leading issues 4 to 1A per cent. When the selling ceased prices advanced briskly and a number of issues sold at the best for the day. The closing was firm and rather confident feeling prevailed. | American Cotton Oil, after an early rise to 27&, fell to 26A. The preferred declined A to 73h. The selling was based on the report for the year ended August 31, 1894, which was presented in the stockholders meeting to-day and showed a surplus of $56,617 against | $5O7,751 in 1893 and $1,333,011 in 1892. Net changes in the general list show gains of b to 2 per cent, American Sugar leading. American Cotton Oil lost #, preferred A, and Evansville and Terre Haute and American Coal each l 2 per cent "a. a....,
 The bond market was active and higher, sales amounting to $1.328, ,O00
 Following are the closing prices re- ported by Prince & Whitely, bankers and brokers, 4s Broadway, New York, and 15 Center street, New Haven: