The San Francisco call., 1897-01-22
NEW YORK MARKETS.
Financial,

FlnanclaI.
NEW YORK, n. Y, Jan. 2l.-The tendency
Of the stock market was toward lower range Of
prices again to-day. Considering the sharp break
in some speciAlties and other developments how
ever, the general list held steady, the decline
for the day in such stocks the grangers, Chi
cago Cas- Sugar and Louisville and Nashville
showing losses of "A to l1s per cent. Quotations
from London came lower at the opening. showing
that the reduction in the Bank of England rate
had been discounted. This was disappointment
to the bulls while 1t encouraged the bears
new their eff Jrts at hammering the market. The
dullness and absence OF the outside orders
against an improvement in prices. sugar figured
for 81, 800 for toUal in the whole list of 1537OO
shares, but in a majority of instances the demand
unusually light
The sensational event Of the day was a break OF
1924 In Hocking Valley preferred to 40 and of
Sss in the common to s1a The decline was
started by an effort 10 margin a small amount of
stock. In the absence OF supporting orders the
bears found it easy matter 10 bring about the
subst quent sharp fall, especially as u rumor was
cIrcula ed that II receiver for the property was
imminent Nice-Prssldeut Samuel Davis sub5e-
Quentlv denied the rumor and the common raj led
to III 5A The company, in common with other
bituminous coal carriers has suffered from the
fierce war that has been waged between them for
q long time pss,
Prices have been so reduced that the very ne
cessties of the situation may bring about a speedy
SetuemeRt, VIII ch up to the present time the man
ayers have been unable to accomplish, although
they claim to have made important concessions.
IL broke four points to 45 regular, but sales
made at Al seller 30 days. The selling is In an
tic1pai1on OF an unfavorabie report by Expert Ac-
countant Little, who is now examining tine books
OF the company. Chesapeake AID ohio and Bati-
more and Ohio were both weak at n decline OF ]
pr cent In sympathy with the heaviness OF the
bituminous Coales already named. Speculate on
closed steady in tone. with rally OF Ia TO 1a
from the lowest point of to-day.
Bonds were lower to-day. Sales foo ed up ST.
1i3,O0U The feature of the trading was a drop of
points in Columb and Hooking Valley consoli
dated hves TO 80 and 2S4 do general skies S01a,
Duluth and Iron Range first fives fell l 100;
Equitable Gas and Fuel OF Chicago skies, ! II TO
1912; Long Island hves 5s l01s, and 1oledo
and Ohio Central Western fives, / % lUi1I. st.
Paul Minneapolis and Manitoba extens on rose
ia to 80; Missouri Pacific consols IA to 9614, and
Beech Creek first fodrs 70 to 1O6.
In Government bonds $42, 900 coupon feurs of
1925 sold at 1223s@I2z15; $4,000 coupon fours
of 1907 al liz, $l3O0U do registered at 11l12@
11l5s.
Grain.
FLOUR-Negecteo; easy. wfnter wheat, low
grades, 81 30@2 25 do fair to fancy, S3 50@D4 rs:
do patents, $4 9595 Is Minnesota clear So SO
@5 do straighis, $494 AS: do patents $4 $50
Is; low extras, 81 3O93 80. city mills, $4@J;
do patents. So 2J05 AS; Rye mixture, $3@D3 10:
superfDe, So 20G3 10; fine. 81 SOAP IS. southern
good to choice, 80 45@405. Rye -four steady at
81 S5G)3 is.
CokNMEAL-Dull, steady.
RYE-Steady, firm. 4Scf. @. b.
Buffalo.
WHEAT-spot market dull, lower with options
closing firm; f. o. b., 967 7sc; ungraded red, 77@
97c; No. Northern, 9 7sc.
Options opened weak and declined Zsc easier
cables moderate foreign selling weak " est and
local quidation, rallied Ac with the improved
West, closed steady at 5s@134c under yes erday
with trading MO ierately active. May and July