The Washington critic., 1886-01-20
FINANCIAL AND COMMERCIAL.

"1hc rally has come" j. Vance Lewis
New York adviccs to-day say, "but II does
not appear TO have much staying power
and It is not surprising, for all things taken
into consideration there is very little for 1t
to stay on, saving the short interest, and this
has been very nearly eliminated. The
lumor that the Baltimore < Ohio had
agreed to arbitratc and accept dificrential
rate while II helped the rally along, evil
dently was the conception OF some bull,
who, after reasoning with himself that 1t
ought to be settled in this way, began to be-
lieye that IL was actually so and found
many others quite willing to accept the
theory. The coal situation is assuming u
very dcmoralized appearance, and the con
stant reductions which are being made do
not bespeak any very great condition Of
prosperity. The Trunk line meeting TO day
may again he used for rallying purposes,
but we think this market is going lower It
shows u lack Of recuperatyc power, al
though there has been some buying on u
scale down IN D., |. & W. and the Wander
bllts. Mr.. Garrett is said to have been
purchaser Of stocks, probably TO cover
his shorts, for the man who is
virtually responsible for rate war is hardly
likely to buy stocks when the markets
course is largely dependent on him and he
can get them cheaper. Some one is buying
up j. c. Whether Mr.. Garrett has place
for II, as many believe he has, we can not
quite make out, but that he will eventually
make use of the road we feel almost GER
tain will prove to be the case.
"1hc bulls compare the present dealings
with the operations which prevailed just
prior to the July rise. They say that weak
holdings of stock are passing into strong
hands, and the short interest is daily grow
ing, and these argue for another upward
movement. Dividend of per cent. on
Omaha preferred aud II per cent. on d., l..
Il W., payable to-day"
American stocks Abroad.
LONDON, Jan. 20-l2:3O p. m.-Consols-
Money, 30 1916; decrease, 1-l6; account,
same. Canada Pacific, 6sa advance, !. Erie,
2i2 advance, !. Erie 2ds, S02: advance,
II. st. Paul, W2;' advance, | per cent.
n. Y. Central, lO6l; advance, Z. Peunsyl-
vania, 539: advance, 4.
The Foreign Wheat Market.
LIVERPOOL, Jan. 20.-Wheat quiet de-
mand poor; holders offer freely cargoes of
coast; wheat and corn not much doing.
Corn quiet; demand poor.
LONDON, Jan. -Arrived-Whcat quiet;
corn, nothing offering. To arrivc-Whcat
quiet corn, nothing Offering; Mark Lane
wheat and corn slow. English and French
country markets quieter; weather frosty.
LIVERPOOL, Jan. 20.-Wheat quiet; de-
mand poor; free offerings. Corn quiet;
demand poor.
LONDON, Jan. 2O.--Quict on wheat.
Petroleum.
b. X Plain & Co., st. Cloud Building,
| furnish the following Oil quotations. Closed
| yesterday, $50; opened to-day, $50, highest,
| SS4; lowest, SS: 2:l5, SSs.
Advices from the oil fields to b. X, Plain
| & Co. say: "Thc boys tried to get up lit
tie boom In oil this afternoon on the rally
in stocks, but 10 did not amount to much
and was purely local. Field news is Of
about the same character as the last two
weeks, which has tendency to prevent any
upward movement. In fact there is very
| little In the market: IL is In rut and left
almost entirely to scalpers. Carrying rates
about 35c."
New York stock Market.
The following have been furnished by J.
Vance Lewis, broker, southwest corner Eighth
and II streets.