The sun., 1900-02-17
FINANCIAL.
General Situation Of Yesterdays
Stock and Money Mar
ket Reviewed.
KIMBERLY Is RELIEVED
ohciaI Announcement Made by the
London War Office to This
Effect---Third Avenue is
Expected to Take
Dip.
KIMBERLY Is RELIEVED
- gElEz2HIEErEHE-'.

Dip.
M9S11kleszEsr..:,,1 y-"ssu-sssessss@r
The market yesterday was "spotty.'
sugar and other stocks and Industrial.
rallied by spurts and quick profits were
taken. lntimations that dividends will
be suspended on Pacific Mail will cause
a further dip in prices. There was very
good selling in Brooklyn Rapid Transit.
Ihe great supply of Third avenue stock,
which has come from investment hold
ers and has not yet been absorbed. will
make 1t henceforth one of the most
active features of the list. The prevalent
suspicion certainly is that the company
is not far from bankruptcy, and this i'm
preston is changed by some new devel-
opments, not at the moment foreseen;
the stock will undoubtedly sell lower.
How far further extreme weakness in
this quarter would affect the general list
| is somewhat doubtful. The other trac-
tion stocks would certainly suffer, but
we should expect to see the railroad
stocks move independently.
There continues to be steady invest
ment buying of the middle class railroad
shares, particularly Union Pacific Prefer.
red andLouisvile and Southern Railway
| Preierred. This is an excellent sign SO
far as the outlook for this class Of stocks
is concerned
Il looks as though nothing important
VIII happen in the money market with.
| in the next few days. A period of dull
ness like the present is more apt to bring
selling than it is buying. If the specu
latlve holders do not attempt another
active campaign at the moment, it will
mean that prices will sag off.
In London the buying was small and
the market did not respond to the
impulse given by passing of tie currency
bill andthe relief OF Kimberly.
*x*
New York, Feb. 16.-R. G.. Dun &
Co.'S weekly review of trade says:
Business continues larger than ever at
TINS season i'll amount of payments and
ON the whole as large as ever in retail
deliveries, though new transactions do
not yet give assurance that it will hold
at the same rate. Conditions affecting
new orders and contracts have changed
IN some respects most fayorably, while
other changes tend to restrict operations
Tor time, but a conservative Judgment
of the conflicting tendencies appears to
warrant strong hope. With lighter spec
ulation clearings ut New York for the
week exceed those of previous years, and
for the month thus far the increase out.
side New York was 49, per cent over last
year and GIG per cent over 1898.
Important branches of business are
hindered by labor troubles Of which the
building trade strike at Chicago affects
the greatest number of contracts for in
dustrlal products and the labor and
wages of the greatest number of men.
circumstances DO not vet promise its
speedy ending, and in some other
branches OF industry prosperity and ad-
N;lnclnS prices seem to have rendered
controversies more frequent. But in 9th
er branches declining prices or such de-
crease OF orders as may lead to stoppage
OIL works has an opposite tendency.
The rise of cotton to S7s cents has
caused such increase in receipts and in |
purchases Tor export that reaction would |
ordinarily follow. Goods have been fur |
ther advanced, and it does not appcar
that the demand for them has been
strengthened. Between positive asser-
tions that stocks in the country have
been exhausted or in few days will be
and equally positive assertions that
heavy receipts will continue. buyine Of
cotton by spinners and of goods by deal
ers naturally hesitates.
The Wheat Market.
The rise in wheat also brings ont lor.
ger western receipts in two weeks 5.444.-
~ bushels against G,23G1GG last yeor.
but Atlantic exports, -four included II
.he same weeks have been only 3.G454OS
bushels against 6,132, ,f07 last year. Tho
price closed half cent higher for tha
week. Corn exports of 6,241 900 bush.
,ls against 4,S07,325 for the same weeks
ast year seem to justify the rise of ~
ehts, as western receipts fall little be- j
ow last years, in two weeks II .O35. .a73
'ushels against 12,05S979 last year.
Ihe suit OF Mr.. Frick against the Car
egle company to obtain an accounting ,
nd settlement discloses enormous prof {
y made when prices of steel products q
oupled last year, when peace was main- .
iined by the gigantic iron and steel com :
NATIONS. That results OF great impor- +
lhce may spring from a contest affect :
~ the control or so many iron works is :
Vluent. Ihe new sheet company has :,
nited owners Of 100 mills, it is said. but :, :.
,uf widely known concerns, controlling
, mills, refused to join. Prices OF pig
ave not changed, though considerable
lies, including some for export. are 70 !,
9rted, but the excess Of supply over de =
and which appeared in January is in y,
eased by the starting Of a new furnace 7
lth capacity of 600 tons daily. A :.
lie IS reported of 15,O0o,o00 pounds Cal +,
net and Hecla copper to consumers of :,
e Naugatuck valley at 16 cents. = :.
Heavy sales OF sole leather at Boston -
ceeding 100000 sides at a reduction Of ., a.
If cent in price. with unusually large =
les of hides at Chicago, also at lower
ices, indicate that the dealers and con
mers who have looked for cheaper d
OTIS and shoes may be satisfied. Heavy =,
ports Of hides at New York have some =, =,
nuence and are in part due to the fam ~, =.
: in Ipdia. VI
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