The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-05
FLUTTER IN THE
SUGAR MARKET.
Shorts Force Up Prices But the Mar
ket Closed at a Loss.
RAILROAD STOCKS STRONGER.
Western and Southern Roads Show
Much Activity on the Strength OF
Traffic Rcturns-Tobacco Closed
Three Points Lower.

NEW YORK. Nov 4.-Thcre was some
nuttcr among the shorts In Sugar TINS
morning on The report that the Amefi I'm
valigu crop Operators who had been
selilng the stock on the benevolent intima-
tions Of an authority on the Hawaiian
sugNr industry OF the loss involved IN
Tho present rate for selling the refined
sugar hastened 20 cover their short con-
tracts and rushed the price up IA points.
I'he Dficc was sustained with dinicultN.
which increased as the day progressed,
20 chat the stock closed with "a loss, In
sptte Of the dissemination OF rumors that
the company was In a way to secure the
Louisiana crop also. Tobacco also, al
though II rose in the early dealings,
drOpued over g points before the close.
which was a net decline of *. The trad
ing IN the specialties was hardly as ac-
tive as Of late. and the Federal steel
etocks were also neglected and inclined
10 heaviness. In the railroad list there
were various points Of aggressive strength
and a broadening tendency Tho develop
nent Of business IS somewhat eQualized
bv the falling off I'm activity In the
CHANGERS and Pacihcs, especially the lat
ter The preferred stocks OF which did not
offer a single quotation until some time
after the opening on the other hand,
there was a notable increase Of activity
IN Denver and RIO Grande preferred
which rose over a point on the strength
OF the continued Increase In earnings
which was over $4,000 for the fourth
week In October and $i2o,IOo for the
month. The South roads were quite UNI
f0rmly strong. some notable gains belhE
registered on belief of an early rcSufnp-
zion OF tho dividends in Louisville ana
Southern railway and Mobile on fooI
traffic returns There were statements OF
earnings for the fourth week IN OGtone5l
also from Wisconsin Central, NoiIoih '.,u
western Chesapeake and Ohio. missouri
pacific Chicago Great western, Lake
Erie and Western and other railways. ni.u
q strong statement for SeptemoeL - 81 -.
Cleveland Cincinnati. thcago an a., -
Louis. Tho comparative hesitation II ny
hangers was largely due 10 the ROCK
Island statement for september. "Illcn
showed the increase cf $ui,3ol IN bT9ss
earnings more than wiped out py III
creased operating expenses 80 a. W POO COO
A decrease In net earnings or over 49,
O0O The decision 10 dissolve the JOINT
Traffic Association was without erect
fbat action having been discounted az
matter Of course. IL
rnsnd. embracing "a wide variety OF issues,
the per cent. bonds OF reorganlzed roaHS
continuing the favOrites. me Union a
cihc IS took front rank IN TINS class 70
dav. crossing the Northern PACING prior
liens and closing at 1OlM. Total safes
Si.GI5cOO. United states . s. coupon, ad-
vanced Z. and the new S registered = III
the bil price. 400 49,.
Tre sale Of stocks were 2JJ 400 shares,
penver and Rio Grande preferred, 92lO
CHICAGO. Burlington and quincy. loo
Louisville and Nashville, II ,4S9 Meu9pohl-
tan. 5.236 Rock Island. lo,1D ~. faul,
s7f4 Southern preferred, 2o34O American
Tobacco. 1876 Bay State Gas. I.@i Fed
er8l Steel preferred, and 1888 Sugar.
HONEY AND EXCHANGE Money on
call easv at 1I5G2 per cent; last loan at
. per cent: prime mercantile paper. 3h4
Az per cent. Sterling exchange easier
with actual business in bankers bills AT
81 S5a, 0i4S So for demand and at S1S2-W
3 81 Tor sixty days. posted rates. SfSJt24
4 N. commercial bills. SislM. Silver Ger
tiGcates. 61MQ6l4: bar silver. 6lh; Next
c4n dollars. Az Government bonds
strong: state bonds strong; railroad bonds
strong.
BANK CLEARINGS.-The total bank
clearings in the United States for the
week were 81 462. 743GS3 per cent. in
crease % Exclusive Of New York, $685.