The age-herald., 1897-12-17

f1our-BeSt patent, $55OM5-fo:
 Straight-$500; eU.ra family, S4.eO. a Sugar-Granulated, $510; Y. c., s4.oVV 4.75
 Coffee-Rio, green, S@13kc; Arbuckle. Lowering and Lyons packages, $l1.lO. Lard 5c basis.
 Clear Ribs Sldes-$46O Molassess-Centrif., 15@25c; sugar house, 20635c.
 Rice. 5k@6c. - Cotton Letter.
 New York Dec 16-A break of 1-1z64 in Liverpool this morning encouraged the bears to hope for more activity and good decline in cotton today. This hope proved a. vain one The market, after opening from unchanged to 1 point lower became exceedingly dull and during the day ruled remarkably steady. Receipts were very dull and whatever influence they exerted was in favor of a decline. January opened at 5.69 fuctuated between this figure and 5.67, and closed at 5.67 to 5.6S, with the tone of the market steady The building up of an immense long intenest continues. If re- ceipts continue heavy we fear the market cannot be sustained.
 RIORDAN & co.
 Tn Wall Street.
 New York Dec. 16.-The hardening of the rates for call money has tahsm the heart out of the specuatv market The rates for call money held firm for a time at 3 per cent. and many transactions were made at 3 per cent, with close offerings at 1A per cent. The Union Pacific reorganization company paid into the sub-treasury $S,5OO. 900, the credit of that organization at the sub-treasury being $756 76S. It is the opin- ion of those in position to know that call money will not yield below 3 per cent. be- fore the end of the year and may run higher. The accumulation of funds in an- ticipation of the January disbursements of dividends and interest will make the fur ther demand on the money market. The rates for shorter periods were marked up today as well those for call money, the quotations being 31sq4 per cent. for sixty and ninety days. The rates for sterling ex- change also responded sharply. This was @ very clear indication of the resources at command, both in the large credits abroad and in the abundance of money in the in- terior deposits being reported to be of un- preoedented volumes. prices of gild-edged securities for investment at the highest level known. Both deposits and loans of New York clearing house banks are at high water mark, the former amounting on Sat urday to s675, 169 900 and the latter $607, 725,- 800 The proportion of money in call loans is the largest on record. The. calling in of some of these loans has apparently put some stock exchange operators to incon- venience, but there is not yet apparent any very strenous demand for money. It is the opinion of Wall street that large operators about completed the taking of profits yes- terday and ready for a decline There was some further evidences of liquidation today and little evidence of support outside the coalers and one of two of the special ties The agreement to restrict the output of coal also strengthened the group
 Manhattan showed some recovery from yesterdays weakness on rumors of an in tended extension of the system. Prices of many stocks rose at one time above yesterdays closing level, but all weakened befone the close. The extreme declines In a great many cases were point or over, and in some cases net losses exceed point. Sugar was the principal center of depres- sion and closed 1% lower. London sold on the reaction.
 Total sales of stocks 332 500 shares, in ciuding: Atchisoal, preferred, 4,660; Chi cago, Burlington and Quincy, 16,l91; Louis vile and Nashville, 6,410; Manhattan. 291O; Missouri Pacific, 12,S00; New Jersey Central, 35, 400; Northern Pacific, 3,6OO Northern Pacific, preferred, 2,2oo; Reading. 9,6T; Rock Island, S,424; St. Paul, 26,S4O; Southern rail- way preferred, 4,57; American Tobacco, 450O Chicago Great Western. 7,79O; Peoples Gas, 10755; Consolidated Gas, 3,930; sugar, 5O.547
 The bond market was trife lower on the days dealings. Total sales, $2 100000.
 United States new As are A lower bid.
 Money on call easier at 1&@3 per cent; last loan, 2; close offered 1a4 per cent
 Prime mercantile paper, 3Q4 per cent
 Sterling exchange weak, with actual business in bankers bills at $4s47sQ4S5 for demand and s4.S2Q4.s21s for sixty days.
 Posted rates, s4S3 and $4S6a4.8
 Commercial bills, $4SQ4S1h.
 Silver certificates, 56A@5A.
 Bal silver, 55%
 AIexican dollars, 5pA.
 Government bonds easy.
 State bonds dull.
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