National Republican., 1888-01-20
DULL AND WEAK.
Tho Market Limited in Its scope and
Confined to the Exchange.

Tho Market Limited In ITS scope and
Confined to the Exchange.
New YORK, Jan. 10. 1t became known
to-day that the pool in Reading had at last
l'quidated during the past week, and the
bears, taking advantage OF the removal OF
the chief support Of the market, felt en-.
couraged to hammer the list, resulting In n
much more active but decidedly weak mar
ket for the day. The advocates Of lower
prices also received aid from the lack Of
support in many stocks, the Gould proper
ties especially yielding very readily to the
pressure brought against them. The trad
ers, Of course, were ranged on the bear
side, and were active In selling the let
throughout the day.
The market was as limited In It's scope as
az any time during the present depression,
being for the most part confined to the
walls OF the stock exchange, outside inter
ests doing little or nothing. The announce.
ment OF the final signing OF the Oregon
Navigation lease had some influence iu
checking the decline, Its effect being spe
cially noticeable In Union Pacific, but the
selling was quickly renewed, and the i'm
provement amounted to very little. TIE
opening was quiet, but weak, and the at
tacks upon Reading and the Gould stocks
soon Infused life into the trading, while
prices fell away rapidly. There was per.
iod OF dullness after L. o'clock, which
lasted until nearly . p. M, but the attack
point of attack. This was followed by a
partial reaction In the last hour, but the
close was dull and again weak at or near
the lowest prices reached.
Money on call has been easy, ranging
from to 4, last loan at 3, and oGered at 3
Sterling exchange is dull aud steady.
Actual business ut Asa to Ash for go day
bills, and 4SGi to 1861 for demand. Posted
rates 4SJ to 4S1l, Government bonds dull
and steady. State bonds dull and without
feature.
Treasury ba'ances - Coin. Sl39, ,303, 400;
currency, Sl0,d90, lOl.
The following were The closing bid QUO.
tations:
IS, coup, 1905; ~, los pse. ss of '9g, l2o}5
Dist. Col. S.t5s, llsi "a. 7s, gold lgi !,
g. e. c2ps @ d. 81 AG g. C' Sf 49, Enesce E ~ O. q9n ham
"a. iyS3 fS' Do. g. Si nat. aSi g Coupon Ss
A. Cen; Pac. frsts, 1la'i;, Denver aud Rio
do. 5s, GU! Northern pac. frs,s 1l6li; do
seconds, ll;55; Northwestern cons, ll2; do.
debenture, lOslG, st. l. and san Fran. ll3t4 81,
Southern Pac Col. Grsts, Iig7s; r =. RIG. 4 G.,
g.: Northern Pacific lst, 1886 West Shore
l0Cl t: Adams Express, no: Alton and T. II
800; do rid., 20; Am. Express 1917; Bos Air
Lin, Line pid,, q; I, G; and R, n, 80; Canada
Chcs. and Ohio, "a Chicago aud Alton, l33,
DO. pfd lG2! u, b. and O., l2s; Cleyo;
Hud.. lOo} !, Del. h Lack, lg9' !; Den. Il 4, g.,
q; Erie, ~ 90. pfd 81; Fort Wayne, l52, q
Kansas 4 Tex[s lCI,i, L. L. Y w. a.;
Lake shore, 0ll2: Lvl. and Nash, co. !;
Man. y Con, 0ll$, NJ. and Char. F53
N. L., ls6I9; Mich. Cen, sliIa; Mo; Pac.,
n. chat, rs; N. J. Cen, "a; Norfolk and
Western pfd., 49, Northern Pac., 22l I; do. pfd.
AZ; Northwestern, 1851; do. pid., 1897; n,
x; Cen, olo7; Chicago and g. l., l6!3: do
Oregon Nay, 93, Pae Mall, S6l2; Fits
burg, l5Gld Reading, G3%; Rich. and Allie, O.
Rich; and W. p. Ter, 22l5 Rock Island, ll27 i
s.; Louis and san. Fran, S5, do. pfd,
1lg; do. first pfd., 1lii5: St. Paul, 75; do. ptd
nlA; ST.. p. and o., 3SJ2 do. pid., 1917: Tenn
9; and L. 30 Texas nPac., ~; Union pac.,
Wells Fargo, l2S; West. Union, 7!I; Silver
Certlflcates. gs; Cotton Oil Tiust, j1j4 Quick
silver, ll'ii do. pid. S7I&.
sAsked.