The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-10-13

To-dsys stock market showed an improving
> tsndonoy in every respect. There was q fur
thsr Increase In the volume Of trading and also
abettsr distribution OF the transactions than
yesterday. while prices were In the main
RhirhoT. These changes were attributed super
aoinlly 70 the covering Of shorts. There
was some basis for this view. At the same
ftfmA. dihintsrOsted observers OF the market
oxproaned the opinion after the close thattherS
had been an increase in the volume Of COM
raisSion business. The bond market certainly
= nhoWod an increase in the demand for invest
mont securities, many OF which. owing TO the
lew rates for money. are now selling at the
hiRhost prices ever recorded for them. II APP
poars that although uncertainty IS to the out
come OF the elections may check speculative
ventures. It does not deter investors from put
ting their money IN hrst-class securities. The
hoW securities Of that character that foreign
RoldSrs occasionally offer in this market are
eagerly absorbed. Reports that general busi-
ness IL bad because profits are smaller
than usual seem to have little weight
with actual buyers OF securities. who are
doubtless Influenced by the fact that in spite
Of unsatisfactory railway rates in certain geo.
gtions OF the country the transportation in-
dustry as n whole is constantly making q bet
be ter showing than II has for q long time past.
Az q matter OF fact. the investment demand for
securities does not como from merchants.
manufacturers, and others who are endoavor-
2 ing to make money. but from the constantly
Increasing number OF those who have surplus
income to invest from fortunes that have al
ready been made.
This Street began to attach importance to-day
to the heavy exports OF grain. the weaker
market for sterling and some OF the moro re-
cent traffic returns. notably those OF the st.
Paul Company. The Granger stocks were ex-
/ ceptionally strong throughout and 80 were
: Northern Pacific and Union Pacific Issues. The
speculation was affected to an extent. but
less than heretofore. by a further de-
cline in American Tobacco and by the
{ manipulation in Sugar Refining. Tho last
named was advanced moro than q point
in the early dealings. but q vigorous selling
: movement at the close wiped out more than
the early improvement and left the price frac-
tionally lower than yesterday. The Street is
o now being advised every hour or two. through
local mediums OF publicity. Of the possibly
disastrous effect upon the income OF the Sugar
Refining Company Of the new competition.
This OF itself lie 4 suspicious circumstance.
American Tobacco. even when the transactions
are reduced to full stock. was more extensively
dealt in than any other; still. the transactions
I'm II, when reduced to full stock. were not
much larger than those in Sugar Refining and
in Northern Pacific common. A q recovery OF
more than 2 points from the lowest price. 1t
closed TX p cent. lower than yesterday. The
only other net losses were those OF
fractions In Central OF New Jersey. Metropolitan
Street Rrailway. and Peoples Gas. Among the
noteworthy net advances were those OF IL p
cent. In American steel and Wire preferred.
American Cotton Oil 1N p cent. Consoli-
dated Gas 3 p cent. Great Northern, preferred
IN y cent. and a large number OF the less ac-
tive shares. Owing to the absence of pressure
TO a we Very moderate demand. although, a drive
was made against the leading Industrial stocks
shortly before the close. the railway list, as a
rule. reacted but slightly from the best prices.
New York Stock ExchanEe-salos Oct. IL.
UNITED STATES AND STATE BONDS TN 81 .0oosl.
loUssU. SO. 10 Us Is. r. 1s26.127H
o So. 3. b.....lo6hl
CLOSING PRICES OF UNITED STATES BONDS.
= Bid A'1'H IN al Bid Asked
At plofa 90 - 1e2S.....127 le7K
Us Sc, 1905 On St So. r.
1915. r..lo4X lo5H 1oo4."".ll2h ll3
Cs Sc, 1908 On st g. o.
+" 1915. e...lo6k 1861 19o4...".ll2k ll3
Tn ST 1s,r, On st g., r,
80 Ipo7.....lloH l1oAI 1sss"-.lo2h -
On GIs,c. Us Loss, r.
lSo7....lll ll1A 1924. poll7h -
On ftIs.r.
1926 ....l27 l27Hl
RAILROAD AND oTHHB BONDS I'm 81 .ooos).
AZ Atoh adj AB.... II l. W en- Is. az
81 ...........-. 70h g N Y Il sus gnl. 90
81 ............. 7oH / Nj gnl IS. r.
~ z ........... Wv oEJC Rnl bs...ll4
o ..... II 20 YC. L S col
90 Atch Gni 49,. eah sHs,..."... ~
4 q ......... 93Ml 1EYC, NC col
6......... cav 3hs.......... %
7 ........... 3 l NYCcnt deb 5s1 1OX
9 Adams Ell A.. 1oo%I 3 Nl.C 4 stL -. l o41&
IL ............10oSA g X of Cal So. l OH
~ 6....""""...loohI 1..."...."....1olA
8 Ann Arbor o.. 80 / Nor Ohio LIST. ..l 90
i6 b \ o 3hs..... 961Sl1 Q N Starch NJ 1stl OF
o ~. wi. 93h 3 W gold. o....ll6
do ........".... 93Bi On W 31fs.....lO3
g Br h w6S... 97hl 7NY.o&wr4slo2
...".""".. 81 +s..... eeH
ANS.... s6h 2 Orc 8 L on bs.lo7
z ............ SO o Ore 8 L inc A.. 81
8 CheS & IL Ore 8 L inc B. 55A
listen +s......1O4 SO ..-...".... 30
6 C.B& 6s....l09AI 6.......... 64k
e o4S,NO xlo3A 6."....".... "a
....U".....1UoN 20 ...............- 5bH
{. BE Q 7B.....1l6H 90 Pac Coast LIST. O6
6...........ll6hl 5.."..........lo5M
c. B& Q Ss....l0O 3.".."......l05k
6CI&D list bs..1llA ! l Pitts Il Wn LIST. e3l(
10 Chi Ter +s.... sehI 2............ 8
D ~. 80" - SehI .."......... 935s
8 Cen Pao. 8 J br1o2hl 6............ 90
Oh Il e Ill e 6s.1o9 5.".""."." o3N
OK 1St...."1llb l II. Il o ex 5s. (
3 c Ga Ry en- 5B.. 6eb ! + II ! gnl Is. .....
8 Ga Ry lBtinc 35h 6 Read gnl a.. Sl7A
10 @ Ohio r LIST. 1O7hI .u.......... SlA
2 Den 4 r @ +hs1 och g s ............. 9l16
l DkR @ cn.... OF .."..".".." SlS
4...-....,.... ON 2SV&NEGsr.. %
2......"..... OF l ........... OAK
2 Den h R @ los e6 2 So p OF ArtE Istl o az
Il. La B 8 LIST. ! ooA| 8 st PAN en- +Ifsl0e
2 Erie prior BIDS. 92 2 St p L Ma,ex+slOl
....."....... OH 2 ...........1Olh
10 FIR G lien 3-+s.. 7oh / 8 st p Gnl Is. sAlO6A
IL Fast Tenn 5s..ll4 s st p LIST. C&P.
! ItWorth 1st... 70 iv......ll 81
3Ftw&RG LIST 3 stLsw lst,.. 7eii
3-4s,. ....... Oh 32 ...."....-.. 7ek
3 Ga P 1st. SOS. i 201hl / o 4 APP LIST Is GIN
! GenElec deb 5sl oShl 3 ..."..-.... 671S
2...,......".lO9 ! So R'way 5H.. z
2 7 c gnl As. san 4 ........... OF
IL ............. BAN 8 So R'way. NJ div
.l6 Iron At6s..... e6A Ist...-.."-.1o5<
l2 ,........... 0SkI l. StJ&GI 2-3-4s 30
nRTN q TT u ID A 30 10