National Republican. (Washington City (D.C.)) 1872-1888, 1886-01-26
THE Make


Dun and Heavy Buoyancy of tho
Wheat Market.
NEW YORK, Jan. 2j.-The new week opened
at the stock exchange with u weak and very
Irregular market for shares. First prices
showed losses ranging between "A and "a per
cent, except for Oregon Transcontiuental,
which was down / u, and Louisville and Nash
vile, which was - higher, aud with unusual
nctivity the market developed great irregu.
lnrity in the early transactions. The sales dur
ing the first thirty minutes Amounted 10 1881
shares the dealings being accompanied by de.
cidcd ieverishness and n general irregularity
among the active stocks Early in the day
there was an impression that the sudden death
at Washington of u. u. Morgan would neCos-
sarily result In throwing n large amount Of
stock on the market especially those In which
1t is generally understood that he has been
most directly interested for a long time past.
Later statements were 10 the effect that In
anticipation of that which occurred the seodrl-
ties which lie hos held OF late were confined
principally to the better class OF bonds, and
rying of such stocks rs he might have had Mt
his death. This led to ilrmer tone in the
general market The strength of the market
was further aided by reports of earnings by the
granger roads for the third week of the present
month, which unexpectedly showed slight
gains where heavy losses had been anticipated
owing to the severe weather which has pre-
vailed in the northwest A determined buy
ing movement in which several prominent
operators took an active part led to n decided
advance in most of the active list. The move
ment throughout the day, however, was more
irregular than II has been for some time past,
and late in the afternoon the market became
heavy, losing fractions during the last hour.
The decline, however, was accompanied by
decided dullness, and the market closed dun
and heavy. Prices are as a rule, fractionally
lower than the final figures of Saturday even.
ing.
Money on call continues easy at 100 u
the last loan being at .. Exchange on London
continues quiet but firm for actual rates, at
si.S1 for 6O.day bills and $3.50 for demand.
Posted rates are reduced to SLS7H for G0.day
bills and SiSg% for demand. Government
bonds are active and steady. State bonds arc
very dull and steady.
Treasury balances-Coin. 1853, 1922 100 cur
rency, sl5,G03,58G.
CHICAGO, Jan. 25.-Buoyancy entered into
the wheat market carrying values at tho close
of the afternoon trading fully cents over the
prices at the finish Saturday. The war news
from Greece suiliced TO send May wheat up to
S6l4 Mt the opening, but free offerings caused q
decline to S5Js, after which sharp bidding sent
the price up to 81, with very few fluctuations,
local bears and representatives of foreign
horses purchasing freely on the up turn. Tho
price fell back to Sc "a, but closed ut o'clock
at SG56. In the afternoon the tone was again
very strong. The large decrease In the amount
of wheat in store, and after that New York
giving promise of large decrease in the visible
supply, together with nm improved demand
aided in giving the market Its unusually strong
tone.