Evening star., 1898-09-21
FINANCE AND TRADE
Stocks Opened and Closed With a
Good Demand Today,
MARKET ShGGED ABOUT NOON
Houses Which Sold a Few DAYS
Ago Now Buying.
GENERAL MARKET REPORT
Special Dispatch TO The Frcniug s,nr.

Special Dispatch 10 The Evening Star
NEW YORK. September 21-London's
early prices for American securities today
were nominalIy within u of New York
parity. Tie market there opened dun and
became fiat, the reactionary tendency in
the New York market yesterday causing
some hesitsncy to the bullish sentiment
Money was loaning at u per cent. discount
for short bills. N per cent and Tor three
months bills. l 1916 to is
At pan. the London market showed
general depressions on fears of dear money.
Americans were fiat, while other interna-
uonal securities were heavy all around.
New York market opened steady 10 firm,
with fractional advances in most OF the
active stocks over last nights close.
Some good buying in sugar at the start.
for both accounts. created a buI!ish feel
ing among the room traders on this spe-
ciaity, while its subsequent strength stit-
fened the balance of the list though at
lo::o am. tho volume OF business was
somewhat limited.
Tobacco. after opening at lIgs, rallied TO
l3l1s on the advance in sugar and the bet
Ter tone or the general list. This rally in
tobacco. however. only lasted until about
io:42' when the stock developed sudden
weakness. the sinking spell carrying IL
down 10 l4Si4 I'm few minutes
At II am. the general market became
ouIl ana rather heavy, money loaning then
at 412 per cent. IL 20 saw tobacco steady
around 149. and rally throughout the en-
tire list In progress, with sugar in the Load
About IL 30 1t was announced that over a
million in gold had just arrived from Eu-
rope, and that the Bank of England had to-
ddy SOLO 10000 bar gold and $4,000 Ameri-
can eagles for shipment to New York. The
market displayed more buoyancy on these
announcements.
Brooklyn Rapid Transit and the Pacific
ISSUES showed conspicuous strength on
What was said to be Flower and Keene
buying. II was also stated that the buy
ing in the Pacific stocks. Northern and
Union, was for houses that sold free
~ two @ or three days ago. In regard
to the dividend on Union Pacific pre-
ferred' good authority said there had been
no change in the situation Those who
Iafor the declaration Of lL per cent had
not changed their View. and 1t looked az
though the matter would not be determined
until the board comes together tomorrow
afternoon. Much more than 4 per cent IL
Is said. Is being earned on the preferred
stock. The strength IN the b. r. L was
attributed to the good buying before noted
and the REPORTS of ratification of the deal
between that company and the Nassau
company
At pm. the general market was strong
and active, with covering in Sugar and
Manhattan and a better commission house
business beng done. The belief was gen
efal. too, that money wlA work easier
At 2:l5 money loaned at 3 1-2 per cent,
and the general market was holding it's
ADVANCE. Americans in London at the
close were improved with prices at aboHt
the best Of the day. At 2:sO money loaned
at = 1-2 per cent; there is said to be quite
a short interest in St. Paul. The volume
of traffic and the renewed grain movement
on this road would indicate handsome
Increase in the earnings that are expected
Friday next. Lake Erie and Western for
July shows net surplus Of sac. 23J against
SiI,311 last year. For seven months tho
surplus is Se-S.5 .52o against S}26, ,223.