The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-05-24
New York Market,


NEW YORK, May 23-Wa-street speculation
to-day was generally strong and decidedly active.
Reactions were due mainly TO realizing sales
which took place at intervals. and there was an
occasional bear drive which sent prices down
temporarily, but there were buyers from all the
stocks offered, and after each decline came rally
which esta blished higher range OF values Ex-
ceptiOns 10 the rule found in some of the
speculative sDecislties, which moved erratically
ana in a few cases receded on the day. London
was purchaser in round amounts OF the arbitrage
stocks, chiefly OF st. Paul, Louisville and Nash
vile, Union Pacific and Atchison. Chicago was
also heavy buyer Of St Paul. supposedly Tor the
account OF prom nent railway men in that
city who anticipated good results from the
meeting OF railroad managers TO be held in
that city tomorrow The general market was
helped upward by the expectation of settlement
of rate questions for sometime TO come by this
confers and the bulls used the meeting for all
there was In IL and Ierhaps more. Sugar was again
taken in h and by the clique and moved upward on
reports from Washing to that the senate W ouId
Very shortly pass the tariff bill with the clause
protecting the r hning interests, and that the
House would accept the Senate amendments
humors that the coal strike was approaching a
settlement affected the shares of the anthracite
So cks favorably. Chicago Gas was bought by out
siders on the belief that there would be no fur
ther effort to interfere with the payment OF the
dividend. The Cordage stock was strong on re-
ports to the effect that arrangements had been
effected with manufacturers outside the trust and
helped maintain prices. All th influences affect
ing the market were read in favOra bic light by tn
traders ana hence the tend OF prices was upward.
During the afternoon the buying was at times
very strong, but the final dealings realizing
sales caused a genera rea ton, and the m6rket
closed easier at 4 decline OF 14G5s from the best
prices
The bond market was a trife heavy during the
morning, but became stronger in the afternoon
and closed at the best prices OF the day. Govern
ment bonds steady. State bonds dull. Petroleum
duii. Option sales none. closed SO bid. Lima OIL,
sales none.
GRAIN AND MERCHANDISE
Nheat-May. STAG.
Flour-steady.
Hops-Quiet.
Pgiron--Duu
COpper-Easy; Lake 91zc.
Lead-Qu ct.
Iin-kasIer; straits. 500 asked; plates. quiet
Speiter-Easier; domestic, SO 45 asked
Conee-Options opened steady at i0@l5 points
oec!lne; ruled generally weak under Hayre break
ana closed steady at 59l5 points net decline
2dics los 600 bags. including: May $l5 TO-;
June, s. so 05; July, $l4 80; August Sl4 900
- 90; September Sl4 O50I a 10; october. $l3 rs:
y november, Si3 IS; December, Sl3 As.
IS14c. Warehouse deliveries yesterday. 6l7S
bags; New York stock 1888 bags: united States
stock. Z769O6 bags; ahoat for the United States,
oS.O0O bags. Total Wis bic for the United States,
5Zo,9O9 bags against 400, $50 bags last year.
oahlos-QuieJ; good average Santos l7S00O.
htCelpt'' ZoOO bags STOCK, 10000 bags.
bags.
1000 bags
sugar-Raw, steady; fair refining, Q 7.l6c; Cen
Is, 3-l6c.