The San Francisco call., 1896-01-16
NEW YORK MARKETS.
Financial.

NEW YORK, y. y, Jan. 15.-The great topic
of discussion in financial circles to-day was the
dissolution OF the Morgan bond syndicate. The
dissolution OF the syndicate would have had
an important bearing the market for securities
had il not been for he manner in which the head
OF the Combinat on OF bankers and capitalists
handled the matter Mr. Morganis explanatory
circular, which accompanied the official notice OF
the retirement Of the syndicate from the field set
at st any doubt that may have been entertained
that the New FORK bankers We're not heartily in
favor OF making the new loan success.
This much being settled, Wall street returned to
its usual routine and is now concerned only in
knowing how the payments for the new bonds are
TO be made without disturbance TO the money
market. 1t Is intimated from Washington that
this will be provided, but no mod ifcatiOD OF the
original circular IS likely until after the closing OF
the subscription books on February next. The
opening OF the market was strong especially for
The international issues. period OF hesitancy
followed, traders being unable for the moment 10
Judge the effect OF the disruption OF the bond syn
dicate.
London then came in as a moderate buyer Of its
fancies, and an advance OF 14g2 per cent 70 lowed
in the active shares. Illinois central, Rubber pre-
ferred and northwestern preferred, however,
which rarely dealt in, gained 2Ia per cent
Speculation then dragged, and prices yielded
slightly all along the line until near the close of
business, when the industrials, especially Leather
preferred and Chicago Gas, were marked up
rapidly. Leather preferred, which has sold
573s, rose 10 6012, while Chicago Gas advanced
from 6458 TO So.
sugar also recovered to lO2sS after declining
from 1O3$s 10 lOl5s. The sharp rise in leather
preferred aud Chicago Gas, which was due princi-
pally TO covering OF short contracts exerted a
favorable influence on the general market, which
closed firm and strong. Business, however was
extremely light the sales amounfing m onIy
10000 shares. Net changes show advances of
IA and u per cent in the active railway list and
gains OF Is and 21s in the industrals. Sugar lost
ts and Tobacco Il per cent.
Bonds were strong. Sales footed up TO 81 400
600 Chesapeake and ohio general 41as rose 40
TO IS: Chicago and Erie firsts, ia to l0S Hook
ing Valley consOl fives, 10 S5: Denver and Rio
Grande tours TO SS; Kansas Pacific consol skies
certln eates 1l2 TO IA; Kentucky Central fours,
10 go Louisville and Nashville unified fours, TO
II; Northwest consol sevens. 115 TO l4O14; Ohio
Southern skies, pa to 80; oregon Short Line con-
western twos, 2 to 27; St Paul south Minnesota
SKIES l12 TO ia; Wabash twos, to 74sl.
In Government bonds $4,000 coupon fours of
1925 brought ll612 4l1634.
Grain.
FLoUR-Quiet. Barley, steady. Winter wheat.
low grades, 81 2592 65; do fair to fancy, So 65G
= 80; do patents, So 45G3 10; Minnesota clear,
81 5O93 10; do Straits, S3G13 35 patents SIS Is
"a 10; low extras. 81 25@2 65: City Mills, So 90
Ga; do patents, SAGA 25. Rye mixture, 81 I0@
common TO fair extras, 81 1902 So good TO choice
do, 81 9063. Rye four-Quiet; 50 4O@2 s5
BUCKWHEAT-3S1b
CoRNMEAL-Quiet; yellow Western, So 25@
30: Brandywine, 81 25.
RYE-Nominal.
BARLEY-Nominal; No. Milwaukee, 47c; un-
graded Western, 39G4Oc.
BARLEY MALT-Nominal
WHEAT-Duu. stronger. No. red, elevator
fO14G1O12c; ahoat 7li4G22c; f. o. b.. 7lIAc;
ungraded red, 65G73c: No. l northern, 7OI4c
Options fairly active and strong at IaG5sc ad-
vance on local coverings and following the West
NAY NAY and July most active No red. January,
6sl4c; February, $500; March, $3.50; Nav
673sc; June and July, 665sc.
CORN-Spot, quiet; stronger, No 9 353bc
elevator; $685. afoat.
Options were duIl and firm at 14Gsac advance
May only traded in. January and Februarv. 35ssc:
MAY, 351Ac Io0'
oATs-Dqn; frmer. Options dull: steadier,
January and February. 24c: March, 24Ikc; NAV
- 42c, Spot prices; No. 2. 245Ac; No. 2 white
Z512c: No Chicago, 2512512c; No. g. 23IA e:
No. white. 24l4c: mixed Western 241an25ItC
white DO apd white state, 25926c
FEED BRAN-6OG82Ihc
MIDDLING NGS-65a7Oc.
RYE-Feed, 60G65c
Provisions.
BEEF-Quiet, unchanged. Beefhanls dull, ,sl5 So
Iierced oeei, quiet; city extra India mess SIS so
gle; cut meats steady; picked bellies s5. do
shoulders Age do hams, 6@Sl4c; middles nom.
LARD FImer Western steam. IS 75.
city. $5 25G5 30: January, S5 10: refined
nff ~