The morning news., 1894-11-02

southern Railway common............ 12L
southern Railway preferred. ........... 80
New York, Nov. 1.-The stock market
was nervous to-day and responded quick
ly TO the outside conditions, except for
American sugar, which acted contrary
10 the current news. The stock was in
demand throughout and advanced from
S@49s9SS&ft; @ & closing with H., gain of per
place in the face Of another reduction in
rehned, making cut of Sc for the past
ten days. The rise was generally attri-
buted to insiders who, the street has IT,
are expecting a favorable decision in the
matter of the revenue tax on German
sugars The general list displayed a firm
undertone the market recovering quickly
from bear attacks. This contingent ham
mered the Changers and New Jersey Cen
ual at times, but did not succeed in
shaking out long stock, as on the pre-
v1Ous 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 mate
rally reduce their short lines, preferring to
have their house in order so as to be pre-
pared for whatever the electors may bring
forth. The news to-day generally favored
those operating for higher prices The
Louisville and Nashville September state
ment showed a net increase of $25, 900, the
New York Central for the September
quarter earned lis per cent. on the stock
which was much better than was expect
ed, the Pennsylvania declared its regular
dividend, and the deposit of Reading Sc
curities under the Earle-Olcott plan. were
fairly large. The death of the czar had
no effect. Reading securities were in
good demand for account. and its advance
of to rs per cent. ensued. Northwestern
ranged between SO and 1904. and left off
It l00ls. Officials here say the question of
the December dividend has not been con-
sidered, and will not be till the full re-
turns for the five months from June l,
1894, and the prospects for the first half of
1888 are known Another bear argument
on the stock was exploded to-day the
Mutual Life Insurance Company having
denied that il sold any OF the stock. The
fact also developed that only one insur-
AnCe COmT8QX in the state holds the
stock This company announced early in
the week that it had not parted with any
of its holdings. Manhattan was stronger,
rising lss to 1918. The shares command
a premium for use. The sentiment seems
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 overlooked the fact that the Man
haitian company is an eligible bidder for
the contract to construct road, II the
city decides to build. In the late trading,
Sterling exchange stiffened somewhat,
and this led to rumors that some gold
would be forwarded to France on Satur-
day. On this an attack was made on the
list, New Jersey Central running off 1&s
to 935s, and the other leading issues a to
IA per cent. When the selling ceased,
prices advanced briskly, and a number of
issues sold at the best of the day. The
closing was firm and a rather conndent
feeling prevailed. American Cotton Oil,
after an early rise to 2l$4. fell to 2o74.
The preferred declined q to 1873. The sell
ling was based on the report for the year
ended Aug 81, 1894, which was presented
ar the stockhoIders meeting to-day and
showed a surplus of $56,6l7 against S50I7H
in 1898, and S1,333, oil in 1892 Net changes
per cent, American Sugar leading.
American Cotton Oil lost y, preferred y,
and Evansville and Terre Haut~ and
American Coal ? per cent; each. Inc
total sales were only 159 900 shares, but
the business was better distributed than
of late.
The sale of listed stocks aggregated lO1,-
900 shares; unlisted $1,000:
The quotations at the closing were as
Railroad Stocks, Bonds. Etc Etc
aa$q7!i Sugar Refinery, S6Ss; do preferred pre-
los; Atchison, T. and S F., s. Baltimore
and Ohio, 67i2; Canada Pacific, 6l12;
Alton, 145; Chicago, B. and O., 722si
Chicago Gas, 743s; Delaware, Lack. and
w. 1853; Distillers and Cattle Feeders, 10;
Erie, l2}4; do preferred, 26 Edison Cen
eral Electric 35; Illinois Central, S9A
Lake Erie and W, 1875; do preferred, 6S
vile, 53ls; Louisville and n. A, Z; Man
haitian, 106A; Memphis and Charleston,
10; Michigan Central gzl4; NJ Missouri sour Pa
c. and ST. l., Sc; United States Cordage
1915; do preferred, 2212; New Jersey Cen
tral, 95; New York Central, 9S14 n. Y. and
fferred, 22ss; Northern Pacific, Az; do pre-
ferred 16as; Northwestern, 10O1s; do pre-
ferred 1t8, Pacific Maii; l9A Ig3 Bead Beading
land, 6O$s St Paul, 60A do preferred
i1Sia; silver Certificates, 6S%4; Tennessee
Coal and Iron, 1915; do preferred 721a
asked; Texas Pacific, 934; Union Pacific
liz; Wabash. S. L. and p, SIS; do pre-
ferred, 1875; Western Union, S612; Wheel
ing and L. F., 10%; do preferred, 39ls
Southern Railway IS, S724; do common,
121k; do preferred. 1875.
State Bonds-Alabama A, 1O212; do B,
1O6; do c, 92la bid; Louisiana stamped
As, 100; North Carolina As, 100; North Car
DINA Is, 123; Tennessee, olds, 60;
Tennessee, new set 3s, 791a; Xir-
ginia 6s preferred, 81; Virginia Trust Re-
Ceipts So: Virginia Funding Debts5S
Government Bonds-United States As,
registered 11515: do As, coupons, 11534 do
Is, registered, 96.