The morning call., 1894-03-22
New Yorh Markets.

NEW YORK, March 21.-Aithough not altogether
a controlling influence of the speculation the
Stock Exchange the fate of the seigniorage bill is
full OF interest to the street ana operators Both
long and short accounts trade ON their respective
theories to the action of the President. 1he
dispatch from the executive chamber last evening
by the Cha mber OF Commerce committee ap
pointed to present the memorial adopted against
the signing or the measure, advising that they
should not go to Washington, was taken by one
section OF the operators to mean tnat lnasmuoh
that the reso ution had been reached TO veto the
measure 1t was unnecessary for the committee TO
gested thst the President, having decided to sign
the bill did not desire to speak TO the committee.
Both sides OF the session agree that either Mr..
Cleveland had made up his mind to the course TO
pursue or wished to arrive at conclusion without
the assistance of the New YORK fnanciers.
belief in the veto caused buying movement
during the morning, while In the afternoon
the early purchasers became sellers Lbere
were other factors besides the seigniorags
bill which affected special stocks ana sym
pathetlcally the entire market The sugar inter-
ests profess TO regard the sugar schedule on the
Senate tariff bill with only less favor than they ac
cepted the mouse bill and assert that IL does not
give any material protection to refnerS. AS
consequence, the bears in the sugar shares
are assisted by this argument IN hammering
down prices. Reports to-day circulated
TO the effect that several prominent Senators
have stated that the tariff bill IL will
pass Is certain to make sugar free but wthall the
common stock, after another break. recovered all
but a fra elton Of the loss, while the preferred
made a slight gain Pending the concius on of
negotiations in progress between representatives
OF the ais lilDg and the distributing companies,
the speculation in distiiiing is contracted. he
feeling which Prevailed as to the outcome of the
conference naturally restricts the buying, ana the
bear traders are not anxious to put out long lines
of the stock lest they be swamped in boom man
ufactured out OF possible agreement between
the rival Interests.
A covering movement In Burlington was the
moving power IN the speculation in this stock,
but despite early purchases of ST. Paul for the
london aecouDt. the latter selling reduced the
advance In the common to IS q cent but the pre-
ferred made an advance of ! q cent. The volume
of business was lighter than for some time.
he bond market was strong until O'Clock in
the afternoon. when a reaction occurred, but in
the final dealings the speculation became firm
agaiu and closed with prices in The main "A 10 Is
p cent higher than the last quotations OF yester-
day for the active lst Government bonds firm.
State bonds inactive. Petroleum frmer. Penn-
sylvanta Oii-Ssles none: April option sales none;
closed 81 219c; Lima Oil-Rates, none.
GRAIN AND hERCHANDlsE
Nheat-March, 604ao.
Flour-Steady.
Hvps-Easy.
PiGiron-Dull; American. sll 5o@l3 so.
Copper-Easy: Lake 50 6212.
Lead-Firm: Domestic, SO 20.
Tn-Very firm; Straits. Sl9; plates firm.
Sprlter-Steady; Domestic. So SIS asked.
Coffee-Options opened steady, with June con-
tracts 10 points higher and Others unchanged to
points higher. and further advanced points.
but essed off and closed steady at points net de-
inc uding March, sic 6Oal6 10; April si6 -:
December sl4 so.
Spot cofee-Rio. quiet; No. Z. l71sc Mild.
1900 bags: Maracaibo, private trade Warehouse
deliveries yesterday were $500 uags total stock at
New Yor> to-day, 10 900 Dags: United states
stock $4,000 bags: afioat 1or the United States.
2l6,0O0 bags; total visible available for the
United States. 1000 bags, against 359,0U0
bags last year.
RIo-Market quiet No. 7. IT. 800: exchange.
97sd. Receipts, 12 600 bags; stock, $4,000 bags;
cleared from Rio, $4,000 bags.
Santos-Markei quiet. Good average Santos
quiet: no quotations. Receipts. 2Uo0 bags: stock,
Al 900 bags.
Havre-Markst steady: March contracts un-
changed others i4GI5f higher. Sales yesterday.
10000 bags. Friday, Saturday and MONDAY Will
be holidays.
LOndon-Market quiet; prices Sd lower: April.
Sd lower: others unchanged.
Hamburg-Market steady; prices 149h pfg
higher. Sales, 9U00 bags.