The San Francisco call., 1896-08-05
NEW YORK MARKETS
Financial.

NEW YORK, N. Y. Aug. Ain the first fifteen
minutes business at the Stock Exchange this
mornin the market was active and excited,
prices dropped anywhere from ! 10 1858 per cent
und er heavy offerings for both accounts The de-
moraliZation was due to the announcement of the
failure of Moore Bros. OF Chicago. The firm had
peen intimately connected with the Diamond
Match Com pany and the New York Biscuit COM
pany. and their suspension was great surprise
here. The report that the liabilities of the con-
Germ were S2OOOO.oOU not generally credited.
New York has had very little interes5 in the
It is understood brought about the embarrassment
of the Moores and aft er the break at the openin
in the Western railroad and industries local opera
tors were inclined to take calmer view of the
situation. The failure will undoubtedly have some
influence the money market later on, and TO
this extent it will be reflected in stocks. To-day
call loans were worth 3C131l rer cent at one time,
but near the close borrowers were accommodated
at 115(92 per cent
61la per cent. and the commercial paper market is
decidedly sitter. At the op ming the grangers,
the industrias and other issues which are traded
in by Western operators suffered the heaviest
losses. Later IL reported from Chicago
that movement was on foot 70 protect Diamond
Match stock, and this checked the selling move
lnent he local board. Near the close the early
sellers endeavored to cover and the prominent
issues rallied 1s@2ss per cent Speculation closed
fiTmer in tone. Net changes however show a
decline of 1z@212 per cent Total sales were only
Bonds were lower Sales were S483 600.
American Cotton Uil debenture elghths fell pa to
I0s4 Atchison general fours ia to 72@7212, do
SKIES 10 7S. Chicago and Northern Pacific first
fves certificates 10 81. Ham bal and ST. Joe con-
solidated skies to ia, Kansas and Texas fours l
20 7S, Louisville and New Albany and. Chicago
general ives l19 to 80, Northern Pacific first
skies "a to 10, oregon Navigation sinking fund
skies 10 log and Western Pacific first skies 8
10 98.
In Government bonds $4,000 registered fves
SOLD at ~
Grain.
FLoUR-Quiet. Winter wheat. low grades
81 7C02 so; do fair to fancy, 81 4Od3 40:
do pa ents. SO 45@3 rs: Minnesota clear SO 40
9 80: do straights, So 95C63 40: 90 patents SO l6
IA 20: low extras. 81 70@2 So: city mills, So 90:
DO patents. S4 lO@4 30: rye mixture, SO 4O@
. go: superfne, 81 6O@2 Is: fine, 81 5002. South
ern -four, dull and steady; common TO fair extra
S2@2 80; good TO choice DO. 81 60(@2 So Rye
-four, dull, easy, So 4C@12 70.
CQRNMEAL-Quiet; yellow Western, 50 Os@
R9E-Dnr Western. 371ac +. 0. b.
BARLEY-Quiet; 49 pounds, 331ec T. o. b.
BAILEY MALT-Dul: Western. 4S(153c.
WHEAT-Dull, hrmr;: No 2 +. o. b. 6S1lc:
ungraded red 59@69c; No. Northern, 66s4c.
Options oeclned 12@5sc on the financial
trouble West, rallied $50 81 c on local covering and
better West, with some foreign buylng &, closing
firm at l C over yesterday with moderate trade
September and December most sctive. No. 2 red
closed: Augusi, 63ssc; september, 6414c; Decem-
Der. &c 14c.
CoRN-Dull; firmer; No. 2. sl1sc elevator;
321sc aioat
Options were dull and firm at 1z@1zc in advance,