The age-herald., 1898-11-05
sugar
n M Ill Sfraas

New York, November 4.-There was some futter amongst the shorts in Sugar this morning on the report that the American company had acquired the entire Hawaiian crop. Operators who had bee nselling the stock on the benevolent intimations of an authority in the Hawaii sugar industry of the loss involved in the present rates for selling the refined sugar hastened to cover their short contracts and rushed through 1A points. The price was sustained with difficulty, which increased as the day progressed so that the stock closed with net loss in spite of the ssemnation of the rumors that the company was in way to secure the Louisiana crop also. Tobac co also, although it rose in the early trad ing, dropped over points before the close, which was at a net decline of 2ss The trading in the specialties was hardly as ac- tive as of late and the Federal Steel stocks were also rather neglected and inclined to heaviness. In the railroad list there were various points of aggressive strength and broadening tendency. The division of busi- ness is somewhat equalized by the falling off in activity in the Changers and Pacifics, especially the latter, the preferred stocks of which did not offer single quotation until some time after the opening of the ex- change. On the other hand there was a noticeable increase of activity in Denver and Rio Grande preferred, which rose over a point on the strength of the continued in crease in earnings, which was over 66,000 for the fourth week in October and $120,- 700 for the month The southern roads were quite uniformly strong also, notable gains being registered by Louisville and Nashville on behalf of an early resumption of dividends and Southern railway prefer red and Mobile and Ohio and good traffic returns. There were excellent statements of earnings for the fourth week in October also from Wisconsin Central, Norfolk and Western, Chesapeake and Ohio, Missouri Pacific, Chicago Great Western Lake Erie and Western and other roads, and strong statement for September from Cleveland, Cincinnati Chicago and St. Louis. The comparative hesitation in the Changers was largely due to the Rock Island state ment for September, which showed the in- crease of $64, 3S1 in gross earnings more than wiped out by increased operating expenses, so as to show a decrease in net earnings of over s2s 900. The decision to dissolve the Joint Traffice association was without ef- feet, that action having been discounted as a ma tier of course. ,s- s,.
 The bond market showed large demand embracing wide variety of issues, the per cent. bonds of re-organized roads con- tinu1ng the favorites. The Union Pacific 4 took front rank in this class today, crossing the Northern Pacific prior liens, and clos ing at 1011s. Total sales, $4675,000.
 United States 5's coupon advanced A and the new As registered h in the bid prices.
 UTotal sales of stocks, 255 400 shares in- cludjpg Burlington, 9,210; Denver and Rio Grande. preferred. 9145; Louisville and Nashville, 22 150; Metropolitan, 11.4S9; St. Paul, 15.oSO; Bay State Gas, 45,345; Sugar, 37,S33
 Money on call, easy, at 1902 per cent; 1; last loan, 2.
 Prime mercantile paper, 3A64A per cent
 Sterling exchange, easier, with actual business in bankers bills at $4.S5%@s4.S6 for demand, and at $4.S2GD$4s4 for sixty days
 Posted rates $4.S512@$4.87.
 Commercial bills, 4S1%.
 Silver certificates, 61k@61%
 Bar silver. SIS
 Maxican dollars, 47h.
 Government bonds strong.
 State bonds strong.
 Railroad bonds strong.