Birmingham state herald. (Birmingham, Ala.) 1895-1897, 1897-02-11


New York, Feb. 10.-In most respects the
stock market was almost counterpart of
that of yesterday. During the greater part
of the session the railway list ruled firm,
while the industrial group developed re-
newed weakness. Sugar, however, proved
to be an exception, 1t ran down to 11O9s
soon after the opening, a decline of q from
last nights closing, but subsequently rose
to 1873 on free purchases to cover short
by the news that an active demand prevailed
for refined sugars and that an advance of
Sc. per pound had been made. American
Tobacco was extremely feverish, dropping
from 70 to 6SA. rising to 70A, reacting to
6S7s and closing at 69A. Rubber, preferred,
s9Se t. IS o END the e I to @
preferred The investigation into the af-
fairs of the trusts Is the main cause for the
persistent selling Of the Industrial shares,
1t being thought that the developments will
have an influence upon legislation later on.
ferings continue to be large for the short
account. In the railway. list there Were
generally slight gains. the unexpectedly
pany for the first week of February having
had a strengthening influence. The deal
ings, however, were almost entirely profess
sional The coal stocks were heavy on
rumors of selling of Lackawanna b ythe As
tors. Delaware and Hudson fell n and
Jersey Central x. but later partially recov-
cred
Among the specialtes Illinois Steel dropped
y to S2l4 and rose to 34A when it became
known that the company INTENDED to pay
off loan of s1.50000o and provide money
needed for improvements with the proceeds
Metropolitan Traction advanced IL and
Manhattan also was somewhat higher.
Speculation closed quiet and firm in tone
The transactions were 1877 6SS shares, includ-
ing 5000 Sugar. and 1900 Tobacco. No
other stock figured for as much as 5000
ever, lost g. Tobacco *, leather, preferred.
Is and Delaware and Hudson u.
Bonds ~ were eds lower today. Total sales
Treasury " y be ssa Coin s12a75ss2; cur
Money easy at 1Ka2 per cent. last loan
at u and CLOSING. offered at H.
Bar silver, 64%c.
Sterling exchange steady with actual BUSH
ness in bankers bills at $4Sf%M4S5 for
sixty days and si.S61aq4.s6A for demand.
co oniau rasiS bills fi0S sfSssa4s4
Government bonds steady.
State bonds dull
Railroad bonds lower
Silver at the board was quiet.
Closing stocks:
American Cotton Oh. Observation-Disclosures. 11u
An erican CottonOn preferred. ...... SIS
An erican Sugar Refining. ................ 1l2
An erican Sugar Refining preferred.... 1G1h
American Tobacco Preferred. 49,. 100
Atchison ....:. ..-................ lar
Baltimore and onio. ........... is
Canada Pacinc. .s:.-. ........-.....-.-.. o5ls
Chesapeake and Ohio. liza
Chicago and Alton. .............,. ..... 1872
Chicago. Burlington and Quincy 74ss
Chicago Cas-. ACKNOWLEDGEMENTS. TIA
Delaware, Lackawanna and Western. 1924
Distillers and Cattle Feeders ...,......- ......
Erie. Observation-Disclosures. I4s
Erie preferred ...,,........... "a
General Electric. ........... .............. IS
Illinois Central. NEUTRALITY-SUSPICIOUS.. 90
Like Erie and Western. I5Qs
Lake Ere and Western preferred $500 SO
Lake Shore. ........................ 1534
Louisville and Nashville. =, -. 50A
MsnhSsn SsS aShnx ana SET
Memphis and Charleston. Is
Michigan Central. ACKNOWLEDGEMENTS. 80
Missouri Pacific. ......................... ~