The daily morning journal and courier., 1897-01-19

weeks buyers. Our brokers in the board state that the undertone is steady at the decline, and that no ap- prehension of a break exists. The lead CTS, they say, agree with us that the re- action is natural and healthy, and due entirely to taking profits. Unless we get some bad news over night from Washington, we do not anticipate much further decline.
 l. New York-St. PauPs earnings for second January, decrease $S1, ,454; from July 1, decrease $1, ,455, ,341, Traders did all they could to bid up prices, and then turned sellers, taking advantage | of the rise to secure profits. New York-Wheeling and Lake Fries earnings second week January, de- crease $6,SS4; from July l, decrease l $11S,904.
 New York-London has traded on both sides. Specialists say foreigners | bought early, literally of St. Paul and | Louisville and specialties, but turned sellers later, taking profits. | New York-Wabash earnings second week January, decrease $4O334; Lake Erie and Western second week Janu- ary, decrease $11,204.
 New York-Late advance in stock market Saturday was due In the main to scarcity of stocks and ease with which traders found profits on long side. Commission business is increas- | ing, and market leaders think the ad- vance is likely to continue. Attention is directed to Rubber. Insiders are pleased with the company's outlook, The fact that the winter wheat crop is | I1 ,N,.ifn e as an important bull point. There is slightly better demand for exchange from merchants. Burlington gained considerably on St. Paul of late on the belief that the dividend rate will be maintained next month.
 The cotton market is dull and feat ureless, with what little business there is doing entirely of local character.
 Advices from the south report con tinued slack demand from the Ameri- can spinners, with rather freer offer ings.
 Savannah reports that there is fall ing off in demand from the exporters there
 New York-European visible wheat, 6S, ,912,0 900 bushels, against 72520,00O last week, a decrease of 3,608000 bushels.
 New York-We had our Washington agent inquire at the United States de- partment of agriculture at Washington for information as to when the govern ment report on wheat would be issued. He wires back: Probably the latter part of this week. This is all the agri- cultural department would say"
 Chicago-Amount of wheat on pas sage compared with last week to Unit ed Kingdom increase 296000; to con tinent, decrease 96,0O0; worlds ship ments, 5.120,000, against weekly estimat- ed requirements of 7,320,000 bushels, The sharp freeze in the northwest, with prospects of cold weather, will probably make prices firm to some extent.
 This was a day of profit-taking sales on the stock exchange, and in view of the fact that the greater part of the short interest had been eliminated and considerable long interest had been created in it's place, a reaction from the advancing tendency of the market was natural and to have been expected.
 While the general conditions sur rounding the market remain unchang- ed from last week. and we expect that eventually prices will sell very much higher the appearance of MT. Cameron at Washington and his threat to reopen the Cuban question by calling up his resolutions for consideration has taken the edge off of the bull market for the | present