OCR Text |
Show oo NOT MUCH CHANC IN PRICE OF STOCKS New York. Jan 17 Neglect of the usual leaders in favor of a few specialties spe-cialties again characterized the stock market this morning Manipulation of .the tobacco stocks an I bonds continued con-tinued and there was further rise in somo of the coalers Some Investment Invest-ment specialties, including tho tol-cgraph tol-cgraph and telephone issues, wero in bettor demand The standard stocks wero listless but lacked the firm undertone evident jesterday. Room traders sold the usual us-ual leaders freely In the second hour and forced prices below yostordny's closing, Union Pacific losins a point, United States Stool, American Smelting Smelt-ing nnd the Hill stocks also being decidedly de-cidedly heavy. Pool operations in the tobacco group woro not impeded by the depression elsewhere, theso Issues all rising considerably higher than previously Bonds vere firm. Further recessions we're made in tho afternoon before support became effoctivo and fhe list rallied Union Pacific was the bear targeL but there was spasmodic selling of If. S. Steel and Reading Both the old and tho h new American Tobacco preferred K stocks wero lifted above three points and some of tho other members also ; I? went higher. ,' C The market closed steady. $ A better tone manifested itself .n a? tho late trading and thero was a quite , 3J genoral recoverv of the earlier loss- i Lf cs National BlBcult rose 1 and Mis- ' W souri Pacific 1 Reading and Lehigh K1 Valley wero offered "Sown lator with- H out disturbing the general market. E1 New York Money. H New York, Jan. 17. Close: Primo B,' mercantile paper 3 3-i to 1 per cent IE Sterling exchange steady, with, ac- jK- lual business in bankers' bills at J M$ 1.S3.50 for 60 dny bills and ,SG.53 K for demand. j K Commercial bills 4.S2.35. Mi Bar silver, C5 SMc. 'iml Government bonds Bteady; railroad H bonds firm. flp Money on call steady; 2(5)2 1-4 per B?l cent; ruling rate 2 1-1; closing bid, Htl 2; offered at 2 1-4. Hjji Tlmo loans caslor; sixty days 2 1-2 i K (&M per cent; 90 days 2 3-4ig3; six W months, 3 l-43 1-2. 1 Htr |