The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1894-02-04
FINANCE AND COMMERCE,
Now York stooh Market

NEW YORK, Feb. 3 The indust ial
stocks still lead tho stock market in
point of activity and advance Sugar
was tho real feature. moving up from
| 1915 to S05s on dealings of al, 300 shares.
The stock was in brisk demand through.
out 1t appears that there has be, II 4
material increase in the short interest
Of late, owing to a belief that tho plac.
ing OF sugar on the free list would cause
| break in the price OF the stock Wash.
| lngt' n as we'll a. local operators, sold
heavily. but tho expected brras did not
| come. In fact certain Operators, when
they became aware of the extent OF the
short interest, made up little pool to
| squeeze the b, ars.
The latter were qnite desperate to-
day and resorted to unusual methods 10
check the rise in the stock. First thew
reported the death of ex-Goyernor
Ames, OF Massachusetts, who is under
stood to be one of the largest owners OF
the compsny's securities. OF course.
there was not the slightest truth in the
story. Outside of the demonstration
against the shorts Sugar as we'll as Lead
were strengthened by rumors that the
Senate will modify the Wilson bill
materially 80 far as these products are
|
come up before it. Chicago Gas and
Lead were strong, Chicago Gas rising x,
Lead common IL and the preferred r.
| Whlskey, while firm. made no gain for
the DAY. General Electric lost 4 per
cent. The railway list WAS held in
check early in the day, ST. Paul being
rather weak. falling q.
| The strength of tho indus ;rials
finally turned the whole market in an
upward direction, and speculation left
or strong, with prices anywhere from
to - per cent higher than on yes
terday. The bank statement was favor
able The heavy payments by the
banks into the sub-treasury for bond
subscriptions do not figure to any ex-
tent in this weeks exhibit. Until tho
banks receive their bonds, the assistant
treasurer's receipt for the gold deposit
ted will act as an Offset for tho metal
actually delivered to the Government
officially. Railway and miscellaneous
bonds were strong.
Money on call is nominally l per
cent Prime mercantile paper, 4@4A per
cent Sterling exchange is weak with
actual business in bankers bills at
4s4Ap4s5 for sixty days and 4SG%@
4s7 for demand; posted rates, 4S5H0
| 4SS for demand. Commercial bills, ASK
| @4S4H for sixty days and 4S6A@4S6%
for demand. Bar silver, 66. Mexican
dollars, So. Government bonds steady.
State bonds strong. The silver at the
board was neglected.
| Produce and Merchandise.
| NEW YORK, Feb. 3-Flour dull,
about steady. Winter wheat low
grades. 2.o0@2.45; patents, 3.25@3.5o;
Minnesota clear. 2.50@2.9o patents.
3s0@4 IS: low extras, 2,05@245.
Southern flour dull, steady; common to
fair extra, 2.00@3 90; good to choice do,
310@4 90. Wheat irmer, very dull;
No. red, store and elevator 66 4, a1oat
o7H@67X; options opened weak and
declined 40 Il, rallied kos, fell Il,
day; trading very dull; No. red, Feb.
ruary, 66H; March, 67A; May, 69%
Corn quiet, firm Ger; No. Q, 42X, eleva-
tor 43sl; options H@x higher. closing
firm; February, 42X March, 43%; Nav,
Az. Oats dull, flrmer; February, 81 /;
March, 349l; May, 343S; spot No. Q, 34C@
"a Is; No. white, 36@ 36H; mixed West
ern, 35@36; white do, 36@4O. Hay
quiet, steady; shipping, 6o@65; good to
choice, 10000. Wool fairly active,
steady; domestic. 2O@25; pulled, 16@25.
Beef dull, firm; family, 1i.oo@ 10. 90;
extra mess. S.00@s.50; beef hams quiet
at 16. 50@17.oO; tierced beef dull; city
extra India mess, 190O@2O.OO. Cut
meats quiet, firm; picked bellies, 7%
shoulders, 6%@7; hams, 015; II iddles
| nominal.
Peanuts quiet; fancy, 3ss. Coffee,
options dull, S points down to points
up; March, 1910; May, 1870; July,
1905; spot Rio dull, steady; No. z, 17X
Sugar, raw quiet, firm; fair refining,
~; refined fairly active, firm; No. 6,
3S@3 1916; standard A, 16@4l4;
cut-loaf, 13-16@5; crushed, 10. 1905;
granulated, 1-16@4ss. Freights to
Liverpool quiet, ste ady, cotton, Cad
bid, 3Sd asked; grain, 216d bid, 2sld
asked.