The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-12-28
Ft1lamctaI.

Onty ActlVe interest III SIOUX MARKET 1es-
terday Manifested by Professional
Traders.
New York, Dec 27.-The only active
interest in to-day's stock market was
manifested by profession traders and
they devoted themselves almost alto
gether to the recent speculative favor
ties of the market, which are comprised
in the group known as the specialties
and more particularly the stocks of To-
cal corporations and traction compan-
les. The tone of the trading was unset
tied and at times decidedly feverish.
The strength of the spec1altjes caused
strong openingsand upheld prices in
the general market so far as there was
any movement. A market weakening
in Sugar and a general movement to
realize due to the continued stiffness
of money and to some expressed appre-
hension over the threatening develop
mentsfin the far Cast carried prices be-
low last weeks level, where they re-
manned, in the case of many leading
stocks, until the close. To-day was a
holiday in London and there We're no
quotations for British consols, the ac-
cepted barometer Of European politics.
There was, however, trading on the
continental bourses and reports from
there did not indicate any acute appre-
hension over the outlook in China.
There were some railroad stocks which
showed exceptional movement. One of
them was Chesapeake and Ohio, which
| was bought heavily by a. leading bull
operator, and which advanced nearly
| point, The AZ per cent. bonds of this
company were also in good demand and
| advanced ~ per cent. st. Paurs net
earnings for November, showing an in
| crease of $2147S7, failed to sustain that
stock, which shared in the heaviness of
| the whole granger group. except Bur-
lington. which was particularly active.
The third weeks statement at hand of
| southwestern railroads were not very
| favorable, notably that of Kansas and
Texas, which showed a decrease of $685.
| 498 and for st. Louis Southern, q falling
off of over $4,000 as compared with last
year. The situation in the money
market hinged on the Union Pacific
| payment and the Pacific bond redemp-
ton. The sub-treasurys debit balance
| at the clearing house to-day was $f,
| 357. 933, and this about represented the
| governments checks for redeeming the
Pacific bonds, which have come through
| the banks More were coming to-day,
and the government is still sending out
checks from Washington for the fur
| Their payment. But money from this
source has not come back into the
| market with sufficient freedom to pre-
vent it's feeling to-day Union Pacific
payment to the government about S.
100000 even though $4,0O0000 Of this is
! left by the government on deposit in
New York.
There was considerable calling of
loans to-day and the rate paid to re-
place them ranged from 81 to AZ per
| cent, with the majority at per cent.
There was 81 rise also in the rates of
sterling exchange to-day which preclud-
ed the idea of any immediate further
gold imports. In the final dealings
there were some sharp reactions in the
specialties and the coalers which wiped
out all the previous gains and in some
cases left prices materially lower. Man
haitian was notable exception, closing
near the top at net gain of rs. Net
gains and losses in the general list were
rather narrow and mixed,
The tone of the bond market was firm
and in some cases sharp gains were
shown. Total sales $1,600,O00.
United States old As registered were
* lower bid.
Following are the closing prices re.
ported by Prince & Whitley. bankers
and brokers. At Broadway, New York
and Is Center street, New Haven:
Bid Asked.
Adams Express Co. 100
American Cotton Oil Co...,..... 22& %
Do Pfd -. ;c,;..........'.., &c
American Spirits Co ...,....... X
American Fri Sugar Refining Co ...1394 1885,:
Do Pfu .....................l 131a 10