The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1900-01-06
FINANCIAL and COMMERCIAL
Quotations Of Staple Products in The
Leading Markets.
New York stock, Money and Grain
Market Review.
vioe, MoCormiok g Co., sie Middle st

dee, Mccormick q Co., $40 Middle Ct
New York, January b-stocks-London
was very much less Of factor In today's
market than yesterday. 1t was expected
before the opening that foreign houses
would be large buyers, the qrota,ioss on
the tape showing that the advance In
Americans range from 3-s 10 Ia per
cent the latter gain being sc,rs BY Il. q
n. On suoh showing there should have
been considerable profit In aroitrase
transactions, bus as y matter OF fact Just
before the opening Of our market foreign
houses were In receipt of gables showing
a decline In prices for Americans coupled
with an extremely narrew msrkes. 1ns
consequence was that London HOUSES GER
ta,nly bought no more than tan thousard
shares. whereas according to some an
thorities their purchases would be ooveren
By five thousand shares. On the who'e
during the earlier part Of the day ths
market had fairly steady tone ana az
times displayed considerable strength
This strength was in the main due to che
strength and activity In the Wand eroiit
stocks. The buying in New York &c nt'ai
was called good, and this also applies 10
the buying Of big four. Whilst the stimuli
taneous advance In Ches. q Ohio ~ once
rave rise to rumors that the consolidation
of the two companies, which has oeen
talked of for many years was az last TO De
consumated.
During the afternoon there was the
usual crop of stories about international
complications In Europe, the principal OF
which was that q special messenger had
tesn sent from Berlin to London to ex-
press the personal dis itisfsction Of the
German emperor in regard to the recent
seizures Of German vesseis In Deiaeoa
bay. These stories were promulgated
with considerable assiduity by the pro-
fsssional element, but rs q matter OF fact
they failed TO Influence commission
houses In any way, commission house
business being practically at stsndstili
during the last two hours OF the days
session. The traders with bearirh PRO-
clivties were especially active In sugar,
which yielded with some ease, closing
about two points lower than last night
Several attsmpts were made to break b.
RI, but IL Was found that the character
Of the buying around ~ was excellent,
and that tie support was plentiful. Steel
stocks suffered on rupors that the dfvi-
dends would not be as large as had been
expected and that the counsel OF the Fed
sral Steel had advised the company not
TO pay any dividend until February. The
latter story was denied at the office Of the
company.
The closing was dull and rather heavy.
the real feature OF the days market being
Its professional character AS to the
showing of the hank statement consider
able ncertainity exists. There has been
quite q substantial gain In currency
from the interior whilst the sub-treasury
has lost to the banks some $3.50. 900. The
total known gain Is sa,2 a,aaa to which
no doubt should be added currency re-
ceived by registered mail and which does
not figure in the returns made by the
banks at this time.