The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-08-25
FINANCIAL and COMMERCIAL
Quotations Of Staple Products in the
Leading Markets
New York Stock, Money and Grain
Market Review.
(Price. Mccormick s. Co.'s Special
Letter)


Chicago, August "a. --Wheat-markst
after advancing Ia cents early ON higher
cables from abroad and the price currents
estimate of 475, 100000 bushels for total
crop of winter and spring wheat. later
reached S.4 cents on heavy selling by loo
al tearf, but at the decline there was
large export business done, which caused
the market to rally. Liverpool reported
their market firm Ia higher. Continent
tai markets were generally steady. Re-
ceipts at Chicago and Northwest 354 cars
against GA cars last year. Clearances
from Atlantic seaboard 353,0o0 bushsls
wheat and flour. Receipts at primary
points GAO. 600 bushels against $50, 900 last
year. There is SPLENDID demand for cash
wheat, not only by local millers, but ex.
port and q premium over Septem Der is
bid for round this. Trade has been fairly
large all day with crowd generally
bearish. They expect large movement of
spring wheat, bu5 on this we think they
will be disappointed. Anyway expert
.mend IS here to stay and this viii
cffsat any increased movement in the
Northwest.
New York, August "a. Practically the
only important changes in prices during
the afternoon stock market took place
just before the close In natural realizing
sales attending the two days upward
movement. Throughout the greater por-
tion of thu readings prices remained firm
and In the speoialties of the day went ND
to the highest figures. o. W. ruled at IS
throughout the greater rart of later deal
ings and large blocks were sold at that
figure just before the c,ose. Leather
common and the Pacific shares wers like
wise strong though tbs former lost g. of
point just before the close. The sole
news feature was the declaration of per
cent dividend on Con. Gas, a reduction
OF half per cent from previous quarter
This places the etcok on feur per cent
basis and the iumor was current in Wall
street that this sum is not being earned
under present conditions. One of the
news agenciesswas authority for the stats
msnt that the dividend just declared was
taken from the surplus, Notwithstanding
the placing of a stogk selling at 75 on
four per cent bGsia. There was consider
able inside buying evident and the stock
advanced two points in the face of news
after selling at rs 1-2, a drop of 2 l-2
points took place before the close practi-
cally at yesterday figures. In the gen.
eral railroad list final prices were about
the lowest of the day. There was no news
affecting the stocks, however. grain re-
ports from the West being mora favor.
able than yesterday. The feeling round
the room was as optimistic as last night
and in the main the close was steady.
NEW YORK, Aug. "a.
Money on call was steady at pa as pr et;last
loan at 3 per cent; prime mercantile paper
at 4A G5 per cent. Sterling Exchange easy,
with actual business in bankers bills S614
@4s61a for demand, 1894 1914 for six
ty days; posted rates at sag s71a. CONNER
cial bills SO.
Silver certificates 6o96o1z.
Bar Silver 80 11-16.
Mexican dollars 477s.
Government bonds weak.