The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1894-05-23
FINANCE AND COMMERCE.
Nev York stook ndarket.

Now YOrk Stock Market.
New YORK, May 22.-American Sugar
proved to be the sensational stock as
the exchange to-day, fully 90, 900 shares
having been traded In out of total of
309,865 shares. The stock opened at
96H, advanced to 97x, fell to 95X,
jun ped 70 100, receded to 97H and
CLOSED at 99as. Yesterday the stock
sold 40 low az OAK. The rise to-day
WAS due to the formation Of new pool
to twist the short interest which has
been rather confident of It's ability to
bring about further liquidation. The
rite was also due in part TO reports from
Washington that the sugar schedule
will pass the Senate 40 incorporated in
the 30 -called German bill.
Chicago Gas was also decidedly active,
near y $4,000 shares changing hands.
The stock ranged from GIN to 6SA, and
closed at about the top of the day.
Judge Winds decision in the matter Of
the Moloney quo warranto proceedings
brought against the American Tobacco
Company was considered indicative Of
the disposition of the Chicago Gas mat
ter when the question comes up for
settlement. American Tobacco rose to
IS on the Winds decision just referred
to. General Electric WAS decidedly
A00pyp AaAlIhk lIOm OO16 W OO/h, dDU
closing at the lowest figure. This stock
was depressed on the alleged inability
of the directors to make good the i'm
pairment Of the oompany's capital
Until this Is accepted dividends cannot
be paid. Lead was firm for a time, but
later weakened and closed practically
unchanged.
Pullman Palace fell 4 points to 1853
and then recovered TO 160 on the denial
of the reports of serious illness Of Geo.
ID. Pullman. The railway list was weak
In the early trading in sympathy with
London. Subsequently recovery en-
sued. The stocks OF bankrupt roads
then sold of rapidly, Union Pacific fall
ing to 14%, Atchison to az, Northern
Pacific preferred TO 1875 and Reading to
14H. When Sugar rose to par. however,
the shorts rushed to cover and their pur
chases helped an advance. Houses usu
ally operating for leading bear had
returned the bulk of the stocks which
they had been borrowing for sumo time
past and this added TO the discontinue
OF the smaller holders in shorts.
Sugar reoeded two points near the
close and for time there was q dis
position to turn profits on the long
side into cash. At the close, however,
q frmer tone prevailed, except for
General Electrio which was positively
weak. Net changes for the day show
gains of ~ to 5ss per cent. General
Electric lost 2N, Pullman Palace 9
and United States Rubber preferred 4
and National Starch first preferred
rose to so. The bond market was
firmer. Sales, listed stocks 2O7, 900
shares; unlisted, 900. Treasury
balances: Coin, $3.50, 95s, 900; currency,
SIS. O79,OOO.
Money on call easy at per cent.
last loan at l, and closing offered at
per cent Prime mercantile paper, az
GA per cent. Bar silver, 62ss. Sterling
exchange is firm, with actual business
in bankers bills at 4S7H@4S7X for
sixty days, and 4ssH@4S9 for de-
mand; posted rates. 4ss16@490. Com
mercial bills, 4s6k@4s9 Govern
ment bonds firm. State bonds dull.
Railroad bonds stronger. Silver at the
board was dull. Norfolk and Western
closed at 90.