The Washington critic., 1886-01-05

FINANCIAL AND COMMERCIAL.

The New York stock market opened to-
day l@l per cent. lower than yesterday,
closing or selling, 1t Is said,
on London account, but after
the first few minutes number OF sup
porting orders were placed on the market,
and prices, by 1880, had fully recovered the
early decline. Shortly before noon fur
ther advance In the rates Of exchange
resulted In free selling that broke prices
down to / Z per cent. The market at last
accounts was feverish and unsettled
Money loaned at % per cent Exchange
was firm and higher at iS1di90l. Govern
ments firm. Currency 6's, 1859 bldi AS
coupon, 1913 bid; AIS do, 1928 bid.
The IloR Street Nc,rs says that with the
exception Of Iackawanna and Delaware &
Hudson the general talk on New York
stocks is strong. Much attention has been
attracted by the rise in Western Union TO
49, This has probably been caused by
rumor that the Western Union and b. & o.
Telegraph companies were preparing to con
solidatc A dispatch TO The CRITIC from
Baltimore says that Mr. Garrett declared
concerning the report; "No truth in 1t
whatever" THE CRiTfC's comments yes
terday on the improved outlook In stocks
oCcasiouCd considerable tall, among brokers.
permanent or only periodic. The Wal
street Ndrs says that buyers have appeared
in the market who have not been seen there
for over two months. They have declined
TO operate until they could decide how
things were going. They are now looking
for first class diyldcndpaying stocks, and
consider them as good as bonds. They
think the situation will justify bull move
ment.
III, 10 I,,,.gf,,,t, g
says: "Baltimorc & Ohio common stock, II
may be noted, sold yesterday at 100, an ad
vance of about ten points since the last pre-
vous sales, and the highest price reached
for some time. The demand for all first
class investment securities is just now
extraordinarily active, as there will be paid
out this month and on February | eighty
millions Of dollars and more for account Of
interest and dividends by the National,
state and city governments and by railroad
and other corporations"
Petroleum.
Operators in oil are watching the Kane
district and await reports from the Tenant
well. Good Judges say that those who look
for gushers in the Kane district will be dis.
appointed. II is probable that some start
ling announcements may be made by the
bear interest. Unless something surprising
occurs 1t is probable that we shall see oil at
one dollar inside of six weeks.
b. X. Plain h Co., st. Cloud building, fur
nishes the following oil quotations: Closed
yesterday, 901S. Opened to-day, 90; highest
0i lowest, 90 2:15, 9O9s
The Provision Market.
NEW York, Jan. 5.-Flour dull and
heavy;ine, Sc 2.65@ 50. 90; superfne, ,$3@ $3.50.
Wheat No. Q red winter, January, 9Os bid;
February, 9li bid; do. March, 92l bid.
Coru, No, mixed, January, 40; February,
4sl. Oats, No. 9 mixed, January, 35s. Rye
dull and unchanged. Pork dull; mess,
S10@$10.25. Lard-January, SG.B5; Febru-
airy, $G.3S. Turpentine dull; 372. Rosin
nominally unchanged. Sugar quiet; refined
cut-loaf, H@7s; granulated, 6 1916. Cof-
fee steady; fine cargoes, st.
Stock sales.
DRovERs' REST, d. c., TAvENNER BRos.,
Jan. 4.-One hundred and ninety-fve cattle
up, 145 sold, so left over. Best, 42@5; good,
4l@42; medium, d@4f; common, 304.
Two hundred sheep and lambs--Sheep,
3@32; lambs, 44@5l. Ten cows and calves
:25 to $50. Market slow.
New York stock Market.
The following have been furnished by J.
Vance Lewis, broker, southwest corner Eighth
and Il streets