The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1899-09-20
FINANCIAL and COMMERCIAL
Quotations Of Staple Products in the
Leading Markets
New York stock, Money and Grain
Market Review.
(From Price, Mccormick g. Co, aif
Middle St.)

(From Price, Mccormick g. Co, sls
Middle ST.
New York, Tuesday, September 10.
1899. Stocks. A decidedly more cheerful
feeling prevailed this morning than yes
terday, although the dispatches In the
American papers still. continue to take
very pessin}istic view Of the Transvaal
situation, npvsrthelsss, the London mar
ket showed greater strength. than for some
days,and London houses were fairly large
buyers daring tho first hour. Theme was
also tonsiasrable buying for short ao-
counts. especially In b. r. l. Both
Manhattan and Metropolitan, however,
enjoyed q considerable advance. Some
OF the buying of the local fractions being,
probably based on the expectation that
the enormous crowd Of people, who viii
come to New York for the Dewey oels.
bration and the yacht races, win swell the
earnings of these companies TO an enor-
nous extent. A feature. was the strength
Of the Coalers, ID. L. 81 W. reached the
highest price ever touched. The buying
of Reading was called good. d. 81 II.
was bought on rumors that 1t would
soon be PIT on seven per cent basis.
At no time were money rates as high as
they were yesterday, but considerable
proportion of the loans were not made
by banks, but by private individuals.
During the last hour, the market broke,
more especially b. r. T., the reaction
being due to heavy sales by large opera.
tor on the floor who was pronouncedly on
the bull side during the morning. At ore
figure, he was reported to be the pur-
chaser of TO- coo b. r. L. before lunch and
there was suspicion that the whole of
this line was marketed before thres
O'Clock.
The market closed irregular at consii-
cradle CONCESSIONS from the highest of the
day.
1t was reported that the arrangements
had about been completed for the CONSOLE
dalton of the anthracite coal interests
and would have been made public week
ago, but for the tight money.
Chicago, Tuesday, September 10, $780,
Wheat after opening STEADY. later ds-
clined $50 on heavy selling by local bears,
owing to large receipts and easier foreign
markets, but at the decline there was
good buying, which caused the market
to recover the loss. The strength In the
coarse grain had stimulating effect.
Liverpool reported their market quiet
3 Sd. lower for the day. Continental
markets were also lower. Receipts at
Chicago and the northwest 1885 cars,
against / lila last year. Clesrancss from
the Atlantic seaboard were 100. 600 wheat
and -four. There was fairly good
demand for cash wheat by local millers
and for direct export. Brsdstreets made
an increase in the worlds visible supply
of six millions. Trade has besn fairly
large and the market during the early
Part of the session absorbed quite good
deal of wheat. Europe shows more dis
position to buy around present prices and
II market holds steady we look for large
and active trade for export. Estimated
cars for tomorrow 205.
Principal feature in corn was covering
by shorts in September which advanced
that option during ths early part of the
session Lao over last night. There was
rather better cash demand, principally
for export. Country offerings were fairly
free. Cars tomorrow estimated 760.
Clsarances from Atlantic seaboard 604,-
010. Shorts were good buyers. Stocks
at the seabaard are very light.
There was fairly large trade in Oats
today and the market ruled firm. Cash
demand continues good while country Of
ferings were only moderate. Estimated
cars tomorrow 260.
NEW YORK, Sept. 10.
Money on call was firm at 6G7 per cent;