The Portland daily press., 1899-08-17
FINANCIAL and COMMERCIAL
Quotations Of Staple Products in tile
Leading Markets.
New York Stock, Money ana Grain
Market Review.
tPrioo, Mccormick & Co. 5 Daily Letter. ,

price, Mccormick g. Co. IS Daily Letter. }
New York, August GA more irregu-
lar aud unsatisfactory market Wall street
has not seen for some time. At the open
ing the tendency seemed to take hold Of
certain specialties like American Tobac-
CO. ard force the pace. Tobacco enjoyed
a raise, and willie 1t looked as II there
was little or no stock for sale. In railroad
stocks traders were inclined to sell. but
ipasmuch as their sales failed to attract
any liquidation on the outside the ele-
ment soon Left the comparative safety of
the Changers and took to the more risky
industrlals Among these Brooklyn
Rapid Transit was the fayorite and al
though this was better supported than IL
was yesterday the stock was as heavy
during the first hour and il looked as II
liquidation had not yet reached Its com.
pletion. Towards the middle OF the day,
some reported buying made its appear
anos in Atchinson preferred, said to be
based on excellent crop reports from Kan
sas and also on the expectation that the
July statement would chow an increase
in gross OF 81. 0c0, 900 and a reduction of
the rate of operating expenses to earnings
70 % leE cent. 1nt GENERAL iuHfke
looked quite strong, while this movement
was going on In Atrhinson, but subse-
quently 1t went to sleep and remained
In drowsy condition until the last
hour, when successful drive Mt sugar
raised in liquidation In other industtials
ard encouraged the traders and operators
to espouge the bear side OF the whole
market. The feature of the day was the
break Ia Consolidated Ice down to 20,
which Is 10 points lower than IL sold yes
terday. The whole decline was accom-
plished BY the sale of $50 shares. Asten-
tion Is drawn 90 this incident, SO that
there may be some realization of the da
gers attending speculation In the indus
trials for which there is little or no mar
ket, ard also to try to induce the public
to understand why commission houses
are loath TO carry stock. The insiders
think SO little of IL that they are not pre-
pared to buy 1t even on an IL point brenk-
Chicago. Ills, August l6.--Wheat mar
ket ruled firm. early. mr. prices advanced
5-S cent on short covering, owing to
steady cables from Liverpool. That mar.
ket was unchanged in spite of our weak
| closing last night. The steadiness In
Liverpool was no doubt due to the bad
reports from India, where famine Is
threatened. Weather In United Kingdom
and on Continent generally fine, Receipts
at CHICAGO and the Northwest, EOS cars
against 209 last week, ard 275 last year
Clearances from Atlantic seaboard 4gO, 900
bushels, wheat ard -four receipts at
primary points were 470, COO against 533,
600 last week and 4qS Oo0 last year. There
was fair cash demand by locuf-m llers
and good inquiry for export Limits
received today were very close to work
ing basis. SeaboaId reported better de-
mand. Weather throughout the spring
wheat belt generally favorable. s:but the re-
turns still point to much lighter yield
than generally expected. Trade has been
fairly large all day, seems to have been
good buyers country offers continue
light Estimated receipts tomorrow rs
cars: We still believe In buying ON all
weak spots.
NEW YORK, Aug. 1G.
Money on call was easier ga d3 pr cent; last
loan 21s per cent? prime mercantile paper
at 4ie a5 per cent. Sterling Exchange firm,
with actual business in bankers bills sG14
456ia for demand. S2s4 "a So for six
ty days; posted rates 4 s31aa4 s7ls. CONNER.
cial bills 4 St1sta4 50.
Silver certificates 8o1sG61h.