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Show pro is kit 1! MUCH CONFUSED Sn5 jocks Open With Show of "!? Strength, Quickly Decline $S and Rally at Close. atocv, V J1 3 3ARS ARE PUZZLED TO KNOW WHERE THEY STAND iStSfiinors of Financial Difficulties jJS jin Circulation Saturday Arc & I Not Confirmed. barA JfVYORK, Jan. 21, Conditions in fctrn; tT" Bloc market were much confused &l today. The market did not maln- jjj Jn the buoyant show of strength with U j ilch It opened and did not even make good resistance to the roncwed selling .J essuro which developed during the day. of), ab inforence was prompted that Lhe up-37 up-37 Hi oot of prices nt tho start was due at ft rgely to tho requirements on uncovered H& ortfl and the higher prices which were ok 4 .used by this buying were taken ad-wj ad-wj mtage of to renew the liquidation as - iuj the case last week. There was a ojn, oyant rebond at the last. It was a sur-; sur-; Uj Ise that considerable uncovered short licit; terest should be developed in the mar-idfi!t mar-idfi!t when tho downward course of prices rtlj) as once arrested and a turn upward ef-tfiai ef-tfiai filed. It was hoped also that tho arse! ar-se! t of tnc rapid decline would fortify the 0 1 iflltion of long accounts In the market ma, ;as to relieve them from tho necessity u tjj r, recovering tho committments as was etn vlously tho case last week. There wan f U ying at the opening In great volume, vej lch was attributed to the largo bank-toti bank-toti j'interesls, and which was aocoptod as dfa .'Intimation of a determination to sup-id sup-id rt the market. dtfc The time occupied since the market tsed on Saturday in a canvass of the dig Ifiatlon found no warrant for tho ru-Jt3dS ru-Jt3dS of financial difficulties which were ItlMiJlWt'ulatlon Saturday, and mere was rbiiiafljeistandlng that some arrangements ,pfl.Jeen perfected for the protection of KifjlOmber of accounts which wern over-jjjipslng over-jjjipslng last week's market. In the loan tJJMwd also the rates on a number of thtuEcka which had been most freely sold tJBt week indicated the proportions of ijb' short Interests In those stocks, ' It oifhs not apparent that the decline of lasL week had resulted in bringing in very Blwleldly selling orders to commission fogjjjiuees, such as are likely to follow a Sun-j,Jiy Sun-j,Jiy Interval after a considerable decline. 3ri7lhesc various conditions combined to alwakcn the uneasiness of the bear pariv raJid prompted them to active buying of 9 ifn'e first hour. With the completion of yiJle buying of this character, the action r-JST; the market became disappointing aJLlnterest rates on time loans continued jjjb": iTeclinc. Foreign markets were af-ifticted af-ifticted by the expectation that the Im-la Im-la fcrlal bank of Germany would reduce its bufscount rate tomorrow, and thero was sflit' easier tone In the foreign exchange jjiarkot. The renewal of the liquidation !lhrlnp the day served to revive reports t,jiTthe necessitous scaling down of some SipcrtiRU account of long standing, and uTfhlch 's supposed were helped over jAe end of the yar in tho hope that tho jawing of the money market would offer self.'' better chance for liquidation. When frills liquidation was over the market re- Kk)unded suddenly and closed buoyant at aifie. Ion prices of the day. ilvfiBonds' wore heavy. Total sales, par aJalue. $1,854,000. jtaJUnited States bonds were unchanged on j ft" . li$k- New York Bonds. ref 2s, veg.lOJS IJs. cert 0J gcoupon is, cert .. S-IJ iiM5 3s, reg.,.102 lis. c, 2nd ser 'm J,i'Jcoupon 1022 L iz N uni -is ..100i 'ifutS old is. reg.lOOJ Man c g -is 100i UJtcoupon ., .. .1003 Mex Cent 4s fio jblS n 4s, reg .12S3 1st inc 25 JflJcouBon 1293 M fr S j 4s... D2 SnTob 4s 781 M. K & T 4s... 071 P, 11 0i 2nds SCI lAtchlfion gen 4s. 102 Xat of M c 4s.. SGJ iiLrftdJust -H f2jN Y C gen 3s.. 9.1 frliCoast L, 4s.. 97; N ,T C gen 5s ..1251 "lt & O -lis.. 92J Nor Pac 4s 1012 R T cv 4s.. 981 3s 73i jMterft of Ga 5s.. 110 N is West c 4s. .998 -tol1 Inc S7 O 8 Tj rfdg 4s ..94i .J52nd Inc 75 Tenna cv .lis... 96J- cetS31fl Inc 66 Read gen 4s ... 9S rfChe.4 & O 41s . .104? S L & I M c r.s.114 Chi k Alton Sis 75 S L i S F fg Is 82 fl& B & Q n Is.. 958 S b R W c 4s.. 75 f(C, R I & P Is.. D5J S A L 4s SI it-col 5s S91 So Pac Is S9 JCCC & SL g 4s.l01i 1st 4s, cert .. 943 .fipojo Ind 5s, ssA 733 South Ry 5s ... .1121 'X'olo Slid 4s.. 721 Tex & Pac lsts.117 fJCoIo & So 4a . 931 T. St I, & W 4s 82 VEuba 5b 1025 Union Pac 4s ..1013 dp & R G 4s.... 971 U S Steel 2nd 5s 9SJ i'!L Sec Ss SS3 Wabash lsts . .1133 j3?r!o P 1 4s ... 9gj Deb B 72 IHEen 4s 87 West !Md 4s Slj iock Val Us .,104a W & L B 4s ... 87 Jpan Cs .... 951 Wisp Cent 4s SSI m6b. 2nd ser 98i New York Money, tiraNEW YORK, Jan. 21. Close: Prime nercantlle paper, 6W61 per cenU Sterling lajxchnnge easfer. wfth actual business In Wankers hills at ?4.S5.S0ffr4. 85.85 for de-Pand, de-Pand, and $4.S1.50"4.Sf.S5 for 60-day Jiwlllp. 'fl?PoRled rates- '-82i and ?I.Sr.rt7M.8Gl. wJCpmmercial bills, 54.SHrffi4.Sl!.' Li!lMexican dollars, 52Jc. araGovernmeiiL bonds steady; railroad Jonds steady. Jllonoy on call easy. 2tf73 per cent; rul-Jnrate rul-Jnrate ?,, dosing bid 2. offered at 21 JiiTJme loans easy, sixty days. 5 per iff"'; ninety days.. OiSJ, and six months. jjl per cent. ,Uf. Treasury Statement. aiWASHIXGTpN. .Tan. 21.-Today's Utemcnt of the treasury balances In tho jeneral fund shows; jjCVaUablc cash balance 5242,375,994 IKO d coin and bullion 105,321.0(59 Wi ccrllflc'llc 38.9S5.330 New York Sugar. j cady fair refining, 3c; centrifugal, .96 3 rnolossos sugar, 23c. f tiftnnorl q",lci- Pfhod, 55.50; powdered, j yiD0; granulated, ?4.S0. I1 New York Produce. Si y?JC' -,an- 21 Bu"er; firm; 8nt? V." fnct0ri-. common to nrsts. 171 p,nrstT22c.lal,0n cream"'' tW. pnS'f25c'a:,Ier; cstern nratF 2Cc: sec- |
