The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-01-07
FINANCE AND COMMERCE
New York stock Market.


ket to. dsy was dominated by variety
OF conclueions and coDjecsures over the
action OF the administration in resort
Ing to popular loan as measure of
relief to the Treasury Department..
Wall street, almost to man, had re-
garded an arrangement with MIR. Nor.
gan and his associates az foregone
conclusion and official intelligence from
Washington giving the loan to the syn.
dictate was considered to be merely
question OF day or two at the far
thess. The actual developments so
suddenly announced had decidedly
unsettliug effect and the unfavorable
influence was lent force by special cen
alterations bearing upon various stocks
The most discouraging deduction drawn
By the financial community from the
popular loan plan Ia that the delay NAV
cause acute disturbances in she
money market. Already rumors of
. distressing character have been circu-
lated. It Is alleged that out of town
banks have been recently very slow in
York correspondents. Bank Examiner
Kimball authorized q representative Of
the Associated Press 20 deny any or sill
rnmors respecting any New York insti-
tut!ons. Money on call was frmer dur
ing the day but loans at above the legal
rate were exceptional. It was stated
that 81, SEQ, 900 in gold, which had been
ordered for shipment recently, but
withheld, would be sent out on Wednes.
day g steamer and the impret sion pre-
vailed that considerable amounts OF tho
precious metal would now 90 forward.
The market opened firm and In the
initial dealings advances were scored Of
2H per cent. in Tobacco, In New
Jersey Central and 1@1h In leading
stocks The temper suddenly changed,
however, and on free selling by leading
professional operators and their follow
ing the uncovering of q great many stop
orders prices receded steadily under the
influence noted prefacing this article.
About midday temporary and partial
rally occurred, but the downward move
ment WAS soon resumed and gained
full force in the last hour, when the
market appeared to be entirely without
support. The closing was at the lowest
point OF the day and the final sales
showed general losses.
Closing stocks were as follows:
Atchison, ID; Adams Express, 40;
Baltimore and Ohio, 3636; chesapeake
and Ohio, 13H; Chicago, Burlington and
Quincy, TAX; Chicago Gas, 6asz; @. q. G.
and st. Louis, 81; Del, Laokawanna
and Western. 1868; Distillers and Cat
tie Feeders Co.,. lax; Erie. 13}<; Erie
preferred. 936; Great Northern prea
ferred, lilo; Lake Shore, 1875; Lead
Trust. s2X; Louisville and Nashville,
CordaEe preferred, sX; N. j. Central,
3d. Norfolk and Western preferred,
2; Northern Pacific preferred, 1Ix;
Northwestern. s5A; Northwestern pre-
ferred, l41; N. Y. Central, "a; N. Y,
and New England, As; Pacific Mail,
23H; Pullman Palace, $50; Reading,
2A; Rock Island, o3X; St. Paul, 6;
st. Paul and Omaha, 81; Southern
Pacific, 1924; Sugar Refinery, 9sX;
Union Pacific, 3K; Western Union,
san; General Electric, 22; Southern,
ss; Southern preferred, 24X; Tobacco,
n; Tobacco preferred, 100.
ri5 New York Money Market.
New YORK. Jan. 6.-Money on call
at sos per cent, last loan per cent,
closed per cent. Prime mercantile
paper 6@9 per cent sterling exchange
dull with actual business in bankers
bills at 4.s9@4.s0H for demand and
4.S7M@4.sS for sixty days. Posted
rates S8@4 80 and 9O@49OT. Com
mercfal bills, 4.s7. Silver certificates,
67@678. Bar silver, 66X. Government
bonds weak and lower. State bonds
inactive. Railroad bonds weak. Petro-
leum steady, $40.
Chicago Market.
CHICAGO, Jan. 6.-Wbeat ruled weak
all day, the small Visible decrease and
the governments crop report being pow
erful bear,sh factors and pounding the
cereal down nearly cent from Satur-
days close. Corn and oats were both
firm and active. but eased of. while
provisions opened strong and remaine
SO. making material gains.
The leading futures ranged to-day o
follows.
Wheat, No. 2-January. opening,
81, closing. 56A; May, opening, SIX,
closing. 59S; July, opening, 90. clos
ing, 59k.
Corn, No. 9-January. opening. 2ssl.
closing. 2536; May, opening, 2sH.
closing. 2s7s; July, opening, 29M, clos
ing, 293s.
Oats No. a-Jsnuary, opening, -,
closing, 17H; February, opening, Tx,
closing, 171s; May, opening. 1911, clos.
ing.l99s.
Mess pork. per bbl.-January. open
ing, 9.1o. closing 9.35; May, opening,
opening, 65, closing, 965.
Lard, per 100 lbs January, OPEN
ing, $40 closing, SIS.
Short ribs, per 100 lbs.-Januery,
opening, opening, 40. closing. SO;
May, opening, 4 70, closing, $50.
Cash quotations were as follows:
Flour steady; patents, 3.15@3.40; soft,
3.l0@3.30. No. 9 spring wheat, 561s@
66G; No. spring wheat, 56@57H;
No. red 59H@6lH, No. corn, 251s@
e61s; No. 2yellow. 25A; No. oats,
IN; No. Q white. 100000; No. white,
1sA@1SH; No. 3rye, 43; No. 3 barley,
nominal: No. g. 22@as. No o1moR.