The age-herald., 1898-01-23
RIORDAN & co.
In w all Street.


 New York, Jan. 22.-Trading in stocks to- day was of small proportions even for a Saturdays business session. The market generally left off at a steady tone after slight recessions in value. No outside in- terest was apparent and room traders transacted most of the business. Commits sion houses had but few orders either way Consolidated Gas and Metropolitan Street Railway and few other special issues monopolized the traders attention. Sugar declined fractionally, Manhattan was mod erately firm; Consolidated Gas rose 4Ac, Metropolitan Street Railway 2Ac. and Third avenue advanced 2Ac on influences that have been operating all the week. No liquidation of importance was noticed to- day except in a few isolated cases, in- cluding Omaha and Jersey Central.
 The stock market for the week in most cases has resulted in fractional decline The favorable factors in the situation out numbered the others, although the disturb ing features were regarded as of grave importance Among the grave affairs in the situation from speculative stand point were the New England cotton strike and the possibilities in China, Cuba a,ld the consideration by the senate of the reso-  in gold or silver. While no radical legisla- tion at this time was expected concerning either silver or Cuba. the professionals of bringing about a reaction and were par tially successful. At the same time the foreign markets were overshadowed by the possibility of the European powers becom- ing embroiled over China. On the other hand there was much to justify opti- mistic view on prices. There were satis- factory trade conditions, immense increases in railroad reports, large exports. scarcity of failures in the comercial world, easy money and the fact that over four-ffths of the Illinois Centraps bonds had been taken for domestic account. Egypt and Russia, usually sources of supply ts7 Eu- rope, were reported to be importing Ameri- can corn Money at this center was quoted lower than in almost any other Sart of the world. and this alone was supposed to impede gold imports at season when sterling exchange usually rules pretty strong.
 Money continues to gravitate here from the interior of the country, the banks raining over s7,500OO0 last week. The break in the money market was largely due to the continuance of the governments deposits of Union Pacific money in the banks.
 The Klondikers, Sugar and local compo- rations, including gas and traction shares, were the active features of the week, at times showing buoyancy, but with manip- ulation ever present. The Changers and Coalers generally ruled heavy. There seemed little outside interest in spcula- tion, tn dealings being of less volume and concentrated in fewer securities than was the case last week.
 Conflicting advices regarding the prob able success of the Hawaiian treaty were reflected in Sugars fluctuations. Other influences on this speciality were state ments regarding the position of insiders, as to whether they had been acquiring the stock or favoring further decline.
 Consolidated Gas closed with a rise of 10A per cent. The extraordinary rise since the municipal election in Metropolitan