The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-12-30
~ iMaMctal.
Sugar the Only Leading Stock to Show

Sugar the Only Leading Stock to Show
Any Aggressive strength.
New York, Dec. 29-Sugar was the
only one of the leading stocks of the
list to show any aggressive strength
to-day, and after rising at one time
almost 2 points it was overcome by
the general heaviness in the rest of the
market and closed with a small frac-
tional net gain. 1t was a professional
traders market throughout and the in
dustrial stocks which had been recent
favorites with the bull clique showed
the effects Of realizing to-day. All of
the local traction stocks were heavy,
but the selling was not coupled with
any news and the declines were wholly
technical. In Manhattan the fall reach
ed points, and In Metropolitan Street
Railway more than that. Brooklyn
Transit advanced a fraction, but fell
again over a point. Consolidated Gas
is az points lower than last night. To-
bacco was notably active all day and
rose quite strongly on an irresponsible
published report that the quarterly
dividend on the common stock would
be advanced again to 8 per cent. Dis
appointed holders sold the stock down
2 points when it became known that
the rate was retained at per cent New
Jersey Central and the coalers gener-
ally did not escape the weakness Of
the other specialties and they show
sharp losses. An indication of the mar
rowness Of the market was the fact
that until near the close there was not
a single sale of such usually active
stocks as Missouri Pacific and Chesa-
peake and Ohio. Burlington showed a
degree Of firmness in the railway list
on buying invited by yesterdays de-
cline. The Buffalo Rochester and Pitts
burg stocks were both conspicuous for
strength the common advancing
points, and the preferred points.
Fractional net declines were, however,
the rule in the railway list To-day's
clearing house statement showed the
sub-treasury a debtor again to the ex-
tent of !, 150,S39, a reflection of the adj
ditional redemptions of Pacific bonds.
Still the money market declined to yield
its firm tone in any marked degree and
it was only in exceptional cases that
loans were below 81 per cent. and in
some cases 4 per cent. was paid. De-
| mand sterling also hardened a shade to-
| day. Reports from other domestic cen
| tiers show that their bank reserves are
at present unusually high, but ex-
| changes continue to run against New
| York. 1t was reported to-day, however
| that Philadelphia and Boston had re-
| paid large loans. as result of the high
rates here. The large balances at the
clearing house show that there is quite
an extensive shifting of loans still in
progress. Prices of Americans declined
in London to-day. and selling here fol
London account was quite a, factor in
| the decline.
| Activity in the bond market was con-
fined to middle and high grade issues
the speculative issues being stagnant
Prices generally advanced. Total sales
| $1,750,000 A~
United States old tours coupon, ant
the new tours regular We're z lower bid
the new tours coupon y lower and the
fives u lower
Following are the closing prices re
ported by Prince & Whitley banker
and brokers' 46 Broadway New York
| and Is Center street, New Haven: