The daily morning journal and courier., 1895-03-05
astnanctaI.
 Prices on the Exchange Were Extremely Irrppular.

Irregular.
 New York, March 4.-Prices at the stock exchange to-day were extremely
 irregular in their course, The develop
 ments having direct bearing on the
 market were more important than of late and at the same time business
 showed an increase. The bulls were favored by the adjournment of con-
 gress, which caused demonstration of
 joy rarely witnessed at the stock ex- change, as well as by the increase in
 the St. Paul earnings for the fourth week of February, and late in the day
 by the official denial of the unfavorable rumors current abroad about the finan- cial condition of the Louisville and Nashville. On the other hand, there was heavy selling by London, the filing of the bill of foreclosure of the Read ing, the decision in the Bate Refriger- ator case and the strength of the ster- ling exchange, which led to talk of 0 technical premium on gold.
 Of the unfavorable factors enumerat- ed, probably the continued strength of sterling exchange is the most impor- tant The market is practically bare of bills, and remitters are forced to de- pend on the bankers of the bond syn dicate for bills. The closing sales were at $4.s7% for sixty days and $4S9@ $4,S9M for demand, the top figures of the day. The appointment of commission to represent the United States at a con- ference, if called by any of the Euro pean powers, would have more effect if the appointees by the senate and con gresS were less pronounced in their views in favor of silver
 The stock market opened firm. but at the advance selling orders from London were encountered and prices dropped 4 to 2 per cent, Reading and General Electric being especially weak for req sons already referred to. Speculation after the decline noted ruled rather quiet until the last hour, when there wasa sharp turn for the better. Amer ican Sugar started the upward move ment rising from 915s to 93ss, brokers alleged to be acting for insiders having called in stock loaned on the street. At the same time 1t was intimated that the regular dividend will be declared shortly, now that congress is out of the way Louisville and Nashville rallied frofp ATS to 4S5s on the statement by Chairman Belmont that the company is in good financial trim. Chicago Gas sold up ,1A to 72h on Chicago advices that thesnew ordinances granted by the aldermen to rival will be vetoed Gen eral Electric recovered from 25% to 271k OPT. The grangers, Vanderbilts, Man- haitian, Missouri Pacific, New York Central and Northern Pacific preferred rose 4 to t1S per cent, and in common withsth general market closed strong.
 The rise late in the day was stimulat- ed by the improvement in the wheat market, considera ble wheat having been bought. for French account. Net changes in3 stocks show gairs of $ to 1B per cent General Electric lost 1s, Western Union E, Lackawanna 1 and Reading IF per cent. American Cotton oil rose 11E to 22A, In the inactive stocks 700 shares of Northwest preferred solt at 1SS@1S9, seller fifteen and twenty day options, or per cent below the price in the regular way.
 The bond market was firmer. Sales were '$791,000
 Following are the closing prices re- ported by Prince & Whitely, bankers and brokers, 46 Broadway, New York, and 15 Center street. New Haven: