The Portland daily press., 1899-09-09

Quotations Of Staple Products in the
Leading Markets
New York stock, Money and Grain
Market Review.
Price. Mccormack 6 Co.'S Special
M letter.
(Prioe.

New York, Friday, September s.-The
Iransvaal situation was again the guild
Ing influence in the London market and
rs the aspect was somewhat more serious
than IL WIS yesterday, the whole London
market was weak this morning, Consols
showing decline of $40. Recent news il
to the effect at the cabinet meeting has
been called and has adjourned; that the
decision arrived at Ii to convene parlia-
ment about September for the purpose
of asking for war credits.
Considering the weakness Of London
market, our stocks behaved very well at
thu opening There was considerable pres
sure on the international stocks, but the
buying power was rather larger than ex-
pected. After the first hour, the market
became heavy, being influenced no doubt
to large extent by the upward tendency
OF money. Considering the heavy selling
by London and the somewhat bearlsn
feeling which exists owing to the possibii-
ity of war between Great Britain and the
Transvaai and taking into consideration
that in all probability tomorrow's hank
statement will show a further shrinkage
In surplus reserve, the market showed q
90 cd deal of underlying strength today.
The features OF the market were Manhat-
tan, which was bought on the report that
Mr.. Whitney and his associates had no.
quired control of the company. Another
feature was Tennessee Coal and Iron, dur
ing the early part of the day the stock
fiuctuated within comparatively narrow
limits, but during the last hour, what
was thought to be an attempt to cover
considerable line Of shorts resulted in a
marked upward Dlovement, during
which the stock sold at the highest prices,
since the upward movement began.
Money was steady all day, some loans
were made as high as six. per cent. pre-
vailing rate was probably ard 5 i-2 per
cent. As far as can be ascertained tomor-
rows bank statement will make a very
unsatisfactory showing Shipments by
express to the interior and operations for
New York subtreasury indicate loss Of
1868. $50. The loss TO the subtreasury
is over l-e millions, a large proportion
of which is accountable for by par ments
of Internal revenue and customs.
The closing was irregular, but on the
whole. small concession from the
highest price of the may. PAcitio Mail
earnings for three months ended July 81,
show a net decrease of $lS9 OH. On this
showing the stock broke TO 4s 81. closing
steady at 43,
Chicago, Friday, September S.-Trade
in wheat was again very light and mostly
all local scalping character. Market dur
ing the early part of the session declined
i-2 cent below last might, later rallied on
covering by shorts. Liverpool reported
their marker led. lower for the day.
Continental markets were generally cas-
Ter. Receipts at Chicago and the north
west 913 cars against 1885 last year. Clear
amos from Atlantic. sseaboArd 3l7,t0l
bushels wheat and flour. Primary re-
neipJs 1,OS6, coo against 1881, COO last year
Seaboard reported little or no demand
there for export. Country offerings con-
tinue liberal Weather in winter wheat
was generally favorable. Timely rains
have fallen at the .naTthwest this week.
hslimatsd tomorrow 160 cars.
Corn ruled weak early today on rains
throughout the West. Clearanoes from
Atlantic seaboard 9fS coo. Visible Mon
day likely to show an increase unless cash
demand improves we think prizes likely
to work lower this week. Estimated re-
ceipts tomorrow 10 cars
Oats ruled firm all DAY within a narrow
range. Trade was moderate. Country
offerings are light, while cash demand
continues good especially for export. Es-
timated tomorrow $40 cars.