Worcester morning daily spy., 1898-01-12
PRICES UNEVEN.
Certain Stocks Showed Strength
While Others w ere Nota-
bly, Weak,
American Securities Made Marked Gains
In the London market-calI Money
Rates Yielded Slightly

New York, Jan 11.-London operators
In American securities had apparently
recovered some of their confidence in
the future of values in this country to-
day, after the alarm they had manifest
ed yesterday over our political future.
Some sharp gains were recorded for
Americans on the London exchange be-
Tore the opening here. In fact the Lon
don bullishness outran the local opinion,
and New York prices did not respond
fully to the rise in London. The market
all day was one difficult of analysis be-
cause of its unevenness. There were
points of notable strength, and others of
marked weakness in the list, and
neither was altogether effective in Civ
ing tone to the market. Sugar was the
special point of weakness, and the large
volume of transactions in il gave its
weakness an influence on the list.
The Changers were also heavy in the
early dealings though subsequent re-
coveries brought their prices a fraction
above yesterdays close The coalers
We're the centres of depression because
of the condition of the trade, and the
unreasonable mildness of the weather.
On the other hand there were very strik-
ing activity and strength in Northern
Pacific, and in Union Pacific. This
strength seemed TO be extended also to
those of allied and connecting railroads
in the west and northwest with not only
Northern Pacific and Union Pacific from
j to " per cent higher, but also Denver
and Rio Grande preferred, Union Pa
cific, Denver and Gulf, Oregon Naviga-
tica. Oregon Short Line and Oregon I'm
prgvement show gains ranging up to "a
points in Oregon Navigation. These
stocks were strong on anticipation of in
creased traffic from the expected move
ment to the Klondike.
They were helped also by the decision
of the interstate commerce commission
TO continue the suspension of the long
ana short haul close on traffic in compe-
tition with Canadian railroads
The dealings in the stocks of these
transcontinental lines were very heavy
ard transfers of blocks of several thou
sands shares in individual transactions
were quite frequent all day.
Manhattan was another strong fea-
ture of the market on the authoritative
announcement of an intention to change
to electrical motive power. Peoples Gas
also scored a sharp rise. The Ohio soft
coal roads showed a continuance of
their recent strength, and newly awak-
ened activity. Consolidated Gas moved
up D lJOfijlS anu tUtll l6Il DdGh T. anu
Metropolitan street railway closed at
last nights figures.
Money yielded slightly, but most of
the business of the day was done at 3
per cent. Time money market rates,
however, are down to 21a per cent for GO
days, and from to 315 per cent for 8
to months. There was an active de-
mand for commercial paper, but the
supply was good. Among the notable
movements of the day were the decline
of IL in Baltimore and Ohio, and rise
of points in the common and preferred
stock of Susquehanna and Western.
The bend market was active, and the
high grade issues all showed higher
prices. There was one transaction of
100000 Business was very well distrib-
uted, but the Atchison, Union Pacific,
Texas and Pacific and Union Pacific,
and Denver Gulf issues led in point of
activity Total sales IS, 500, 900. United
States old As are u higher, and the new
As Y higher bid
New York, Jan 11.-Money on call
easier 21k63 per cent: closed 2h@3.
Prime mercantile paper 3AQ4A per
cent. Sterling exchange easier with ae-
tual business in bankers bills at 1850
X for demand and 4S25s07s for go days;
posted rates 4.831s and 4S6. Commercial
bills 4.S2@1a bar silver 571a Mexican
dollars 46; government bonds strong:
state bonds dull railroad bonds strong.
NEW YORK CLOSING QUOTATIONS.