The Washington times., 1894-05-27
THE DAY IN WALL STREET.
Sugar Again in tho Lead and Other Spes
uIafiou EairIy Active

| Sugar Again In tho Lead and Other Spec
ulation Fairly Active.
NEW YORK, May 26.-The speculation was
irregular and unsettled during the two bours
during which the stock exchange was open
to-day. A fairly good business was done,
! which was pretty evenly divided between the
two accounts, for the transactions were, IN
the main, purchases to cover short contracts
and sales to realize profits. Very lew iresn
lines were put out on either side. LONDON
was not in the market to any extent, and the
weakness of American securities on the Lon
don exchange had a depressing influence on
the arbitrage shares here a..
Sugar led in the dealings, fiuctuating within
a range of per cent. There was pressure
to sell the stock at the opening which caused
break of tx per cent, but supporting orders
coming in caused prompt and complete
recovery. renewal of the selling move
ment. however. resulted In speedy decline.
until loss of per cent. had been expert
enced. which was followed by recovery OF
x, the last sale being made at decline oil
~ on the day.
Announcements made with authority both
here and in London that the next dividend in
New York Central, due in June, would be de-
clared at regular rate. caused the shorts to
cover hastily in the early dealings and
caused an advance of % per cent. When
the demand from this quarter was supplied
the stock sagged off to the close, making a
loss of IL per cent from the top price. The
Granger shares were strong during the ffrst
hour and rose L@1 per cent the latter Rock
Island, but in the latter trading declined 4 @1s
per cent. Lake Shore advanced Ia, reactlng
IA.
After an irregular opening the general
market became strong and the trend OF prices
upward until near IL o'clock, when the up
ward movement was checked. During the
next hour the speculation was rather feverish
and unsettled. but in the final dealings re-
covered its tone and closed fairly steady.
Louisville and New Albany shows an advance
on the day of 81, Mobile and OHIO l, and
Rubber per cent, while Lead preferred is
up Is. and Central Pacific 1 per cent. The
other changes were merely fractional.
The market has been rather unsettled dur
ing the week. but on the whole the tendency
has been toward a higher range OF values,
and as a result of the weeks trading most OF
the shares dealt in show higher prices mt the
close than at the end OF last week. the more
important advances being: Sugar, 6; do. pre-
ferred, 4; Chicago Gas and National Cordage
AZ; do. preferred. 8; United States Cordage.
4: do. preferred. 8: Tobacco. 35z; Great North
ern preferred and National Starch preferred,
8: Wheeling and Lake Erie preferred, 21s;
Manhattan and Susquehanna and Western
preferred. aiOu, ltubDVi oho
Western Union. 2; the Grangers, 1sM1s5, and
Distilling, II per cent. The principal de-
clines were:
Hooking Valley preferred, SlS; New York, New
Haven, and Hartford, 5; Evansville and Terre
Haute. ias: Cotton Oil preferred, 31s. Long ISL
and 2s4; Baltimore and Ohio and Chicago and
Illinois preferred. 2ll; Alton and Terre Hautc,
Buffalo, Rochester and Pittsburg, and lntei Tor
Conduit, 81: United States Express and Now
York. Chicago and St Louis firsts preferred 2,
and General Electric preferred, 4.
The Railway and miscellaneous bond market
was strong throughout the day, and advances
were recorded of 2i4 in Oregon Navigation fIsis,
and Sioux City seconds, Equitable Gas OF Chicago
firsts and Minneapolis and st Louis, Pacific Ex-
tension firsts, IL, Northwest 25-yoar debentuis .
5s HI Union Elevated hrsts, and per cent.
ST Paul ss Southern Pacific of Arizona firsts
and C. c. c. and 81. Louis, St Louis division, 4s
declined l. and Peoria and Eastern first 1ls per
cent On the week the market has been firm Tor
the more active securities, but weak for some of
the usually inactive issues. The principal
changes are:
DEcIINEs-I Iouisville, New Albany, and Chi
cago consols, 6: Peoria, Decatur, and Evansville
frsts Evansville Division, >: Iron Mountain lives,
as; Union Pacific, Denver, aud Gulf nrsts. 4;
Baltimore and Ohio Southwestern income hrsts.
series b. and Louisville and Nashville, st Louis
Division seconds 3ls: Hooking Valley fiyes 80,
and Erie second consols and Toledo and Ann
Arbor firsts, per cent
ADyANCEs-Milwaukee and Madison nrsts, .;
Proctor and Gamble firsts, 5: Northern Pacific
fIrsts coupon. 80: do. registered, 3es. do. sec
onds III; do. thirds, "a, and do consol hyes, 5s
per cent