The morning call., 1894-09-27
New Yor Markets.


by Dlstilling to-day, that stock being marked
down to Ss4, the lowest touched previously hav
ing been 9. One OF the leading brokers employed
by the trust officials in their operations at the
Stock Exchange was a heavy seller of the shares
in the morning and he had a large following
among the rOom-traders, the combined sales send.
Ing the stock down to before noon.
The short interest covered some OF their out
standing contracts at this figure, possibly believ-
ing that as before il would bring insiders to the
rescu and 4 rally of ~ was made, but the recov
the selling reaction to S34 took place Good
buying was met at this point, which resulted in
recovery OF 30, which was subs equenty lost, and
the stock closed within Is of the lowest point
touched. UnfavoTabIe rumorS regarding the COM
pany were current ali daY, such as that a re-
ceiyer was imminent and tnat President Greenhut
had admitted that no progress being made
toward adjusting the company's finances, causing
very uneasy feeling among the outside holders
Of the shares.
The common stock OF the American Sugar Com
pany, which has been gradually moving back
toward the preferred sh res, crossed the latter
day, selling down to "a ~. This has not hap
pened in a very long time and is due to the re-
port subsequently denied that all trust reineries
are TO be closed down. The early decline IN
sugar commonwas l1s, of which ~ per cent had
neen recovered at the close Sugar preferred lost
IA on the day and 945s was bid tor both at the
close.
Further liquidation took place to-day in Read
ing, which was largely for the Philadelphia ac-
count and entirely due TO the poor reception
which has been accorded to the Olcott-Earie re-
organization pan by many holders OF the stock
and bonds of the company in this city well IS
abroad. During the morning very little was done
in the STOCK and the prices were fairly well main
tanned, but after midday the selling orders came
into the exchange In bulk, breaking price 2
per cent from last nights final sale, recovery of
Ia being made on the final dealings, limiting the
loss on the day 10 ia.
The movement In the Changers was irregular.
There was buying for the short account In the
early trading, causing a fractional improvement,
but during the afternoon. especially after delIv-
cry hour, there was sharp selling in the shares
with declines from the top figures OF the morning
of us in Burlington. 70 in ST. Paul, 81 In Rock
Island closed II above the bottom nd Burlin gtcn
$s. Chicago Gas stands unchanged from yester-
days close. having fuctuated within limit OF IA
per cent Rumor WAS silent about the gas com
pany for ouce. London sold some small lots of
Louisville and Nashville without making much
Impression thereon. but in the general depression
OF the afternoon the STOCK eased OFF is, rally ing
"A at the close.
The cordage issues were unfavoraby Influenced
by the withdrawal from auction sales OF 1880
shares OF the guaranteed stock supposed to be
some or that which WAS recently knock ed down
at g. The common stock broke "a and the pre-
ferred PA. while the guaranteed was offered
down to SIS against the last sale on the hoard ar
60. In the rest of the list the dealings were light
abd the market generally heavy AtcLlson lost /
per cent and recovered 50 Cotton Oil preferred
is down per cent; Pittsburg. C. Z. G. ana ST.
Louis. and Erie preferred ~; Toledo. Ann Arbor
Missouri Pacific Chesapeake and ohio Is New
regular dividend, but later lost II. National LIN
seed shows a gain of /, Central Pacific of 70 and
few other speculative shares a small traction
Speculation was weak at the close
The bond market WAS weak all day on a mod
business aggregated
500. The Reading and Atchison issues were most
largely dealt in and were also the weakest of the
list. Reading tours shows loss of l19: Reading
hrst preferred, - Reading SECONDS, 31R, and
Reading thirds "A. Atchison tours are or "a
and Atchison seconds rs. The other important
losses Kansas Pacific oonsoIs, 8; Pittsburg
and Western frsts, 2; Wabash seconds. 10. Some
Of the securities traded in recorded advances in
Guiding; Lake Shore seconds registered ami
Georgia Pacific first trust receipts 2 per cent
Government bonds steady. State bonds dull
Railroad bonds weak. Petroleum steady; Pennsyi-
mi nNl afnun nnfn harY nrS1.r.
closed S27s to SO bid; Lima oil, sales none.
AND MERCHANDISE
wheat-September 55JsC
Elour-Steady.
Hops-weak: State common to choice. sose.
Pacific Coast, 41y59 sac.
Wool-Quet
Piglron~DuiI; Scotch sle so; American. s1Ooa
l3.
Copper-Lake. 80 500 70
Iead-Easier: domestic, SO 1908 20.
Ttn-Quiet: straits, $40 1O@l6 rs: plates quiet
Spelter quiet: domestic, IS 45@3 471a sales
on 'ChanEe to-day so tons october copper 50 65
Coffee-opened duh at points advance to
points decline, ruled generally weak under Iioui-
cation, closed quiet at 10 points decline Sales
l0,425 bags. including: September. $I4: october.
SlS 35; November, $12 90: December, sl2 20;
January, $Il 50; February sll 9O March,
spot Cofee-Rlo No. Z. 1880; mild. steady;
CordoVa, 1S124l9c. Sales, 1900 bags Meracaibo
l5UO bags Central America and 1900 bags Bicara
mania.
santos-ouiet: good average Santos 12sOUo Re.
ceipts, 10000 bags. Stock 45O,OOO bags
Hamourg-Steady; prices IA pig lower to IA pfg
higher. Sales, 10000 bags
Havre-Opened quiet, unchanged to 1sf lower
At II N. unchanged to Inf lower at 8 p NJ ouiet
unchanged to 1ef lower; closed quiet at 1af let
decline Sales, 5000 bags.
Rio Firm, No. z, 12S25O. Exchange, I'D. Re-
ceipLs, 5000 bags. Cleared for United States
$4,000 bags. Cleared for Europe 5000 bags
Stock. 276.O00 bags.
Warehouse deliveries from New York yesterdav
6467 bags; New Y ork stock to-day, l74,732 bags:
United States STOCK. 22O,152 bags; af1oat for the
United States. 245.000 bags; total visible for the
United States. 465, bags, against 273 LA bags
last year.
Sugar-Raw, dull; Refhed, dull.