The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-12-07
NEW YORK MARKETS


NEW YORK MARKETS.
Financial.
NEW YORK, y. Y, Dec 6.-The bulls in the
industrials had field day at the stock exchange
and they had their opponents on the run from
start TO finish OF the session. For weeks past 1t
has been fashionable in speculative circles 10 go
short of these specialtes on prospects of Congress
siona interference, threatened litgations, and law
suits actually begun, until nearly every active
trader on the street had out a line of short con-
tracts. In the aggregate those contracts reached
an enormous total and all the bears needed 10
make their campaign a success was some unfavor-
able development TO bring about decentralization in
the bull ranks.
The refusal of Congress to rush ahead with legis
lation against the trusts was disappointment, but
the first serious blow to the hopes OF the shorts
was given yesterday by Judge Showaiter, who
practically threw the Pitt Barrows case out of
court. Following the announcement OF this de-
csion there wild rush TO cover and in their
anxiety 10 get back their contracts, brokers bio
prices up on themselves. The stock opened at
671b6691s, 5000 shares changing hands almost
simultaneously with the dropping OF the chair
a f1rfher rise to 6esl followed, after which some
of the more prudent of the bulls sold line of stock
acquired during the decline from 20 down TO
6O1a, and the price receded 10 675S. Trading then
dropped TO normal proportions and the price lowered
around 6SG6e y until near the close, when II
jumped to 6912, at which the final transactions
marked up 13s 10 1882. decline to 104la fol-
lowed, but just at the close big buying order was
placed in the room, and the stock scared TO 1073s
dl0S. Tobacco after decline TO 1865, jumped TO
1855 Leather preferred, after early period OF
weakness and decline to 6234, rose 10 6414.
Speculation in the railway list checked at
one time by the engagement OF s., 600 gold for
export Europe tomorrow, but in the afternoon
session better demand prevailed, and on covering
OF shorts an advance of 14G912 per cent took place.
the improvement being well distributed. he
closing was strong under the influence of the
squirt in Sugar. Net changes show gain of lao
10 per cent in the railways and 33+ per cent in
industrials. Total sales were 295,O07 shares, of
which 225,500 were in the indusrials. Tobacco
figured for $4,000 shares Chicago Gas for 72,400
and Sugar for $500 Burlington and Quincy
which was the most active railway stock, was
traded in 10 the extent of 10000 shares.
Ponds were Irregular The sales footed up
S943O0O. Canada Southern firsts fell to l1O12;
Ontario and Western consol fves, to 10S: North
ern Pacific seconds, l 10 10212; Savannah and
Western consol tives certificates, ia TO 6312;
Union Pacific sinking fund Fights, 70 90, and do
gold skies, to SO. Chicago Gas fives rose 10
9S15: New York, Brooklyn and Manhattan Beach
consolidated fves 10 to 1929; Reading first pref
erence, l TO 3l34; South Carolina and Georgia
fives, to 9412, and Virginia Midland general
fives slammed, 11a TO l01
In Government bonds S2U,OOO coupon tours OF
1907 brought l12.
The Mercantile Safe Deposit Company reports
silver bullion on hand 2O6,07z ounces, certificates
outstanding 2O6.
FLoUR--ouet generally steady. Winter wheat.
low grades, 81 25t62 IS; do fair 10 fancy, 50 65G
3 80: do, patents, So 50@3 70; Minnesota clears,
SO 1894 10: low extras So 2o92 So; city mills,
So 9O@4; DO. patents. s494 % southern Flour
good to choice. 81 9OgS 80
CoRNMEAL = Dull, steady. Yellow Western.
RYE AND BARLEY-NominaI
WHEAT-DuIl frmer No. red, store and
elevator 701ac: atioat 72c; T. o: b.. 70s4@7l12c;
6734c Options were fairly active and firm at
1a@s4c advance, following the West and on local
red January, 6714c: March, 6914c: May 6s1ac;
June. 6812c; July, 6s$4c; December, 6612c.
CoRN-Dull, easier No 2, 3514@3512c eleva,
steady, without feature. May most active. De-
cember. 347sc; January, 34s4c May, 3512c.
OATS-Moderatey active, firm. Options, dull,
firm. December, 22s4c; January. 233sc Febru-
airy. 237sc; May, 2514c: Spot prices-No 2, 22$4@
235Sc; 80. 8, pc; No. 3 white, 231Sc; mixed
Western, 23@2412c; white do, 231a@27c; white
State, 2312@27c.
Provisions.
LARD-ouiet and depressed. Western steam,
So so bid, SIS 80 asked city, S5 20; December,
IS co. nominal; refined, dull; Continent, So 05:
South American, S6 40; compound, 45a@l5c.
PORk-Easy; moderate demand; Mess, $50
BUTTER-Firm: fair demand. State dairy,
19229 90 DC creamery l925e Western na da 1s
creamery, l3@2Oc.
CHEESE-Fancy firm; moderate demand. State
isrge, 7i49l0c; do fancy. $4@10c; do small.
7's4@l0a2c: Western small, s14@1O14c; part
SKINS. 314ga7c; full skins, 2613c.
EGGs-Fancy scarce and firm; state ana Penn
syIvania, 22@26c; Southern 2i@o2c: icehouse
16@20c; do per case, So 5094 50 Western, fresh,
2l@2312c; do per case, SIS 50@4 Is; lined, 1890
17c; do per case, SIS 50@4.
TALLoW-Quiet unsettled. City. 3-l6c asked;
country, 41sG4ssc.
CoTToNSEED OIL-DuII, steady: crude 26c:
yellow prime, new, 29@29iac; on grades, 2s@
RfCE-Flrm. Domestic, $4,000: Japan, $3.50
MOL sEs-Foreign, nominal; New Orleans 20
@32c Quiet
CoFFEE-Firm 20 points up December. 1888
ola So; January, $13 6O@13 rs: February,
S13 50Gl3 so; March, S13 35613 SIS: MAY Sl2 SIS
@l3; July, 81 As; September. 81 95dl2 05: Octo-
Der. $11 80. Spot Rio, dull, steady. No z l43lsc.
SUGAR-Raw, dull, firm. Far refining, 31ls0.
314c; centrfugals, SO test. 31a@35sc; refined &c
tive, firm: on A, 3-16@43lsc; mold A 41ec:
standard A, 1850; confecuoners A, 412c; cut loaf
and crushed, 514c: powdered and cubes 47sc:
graduated, 46s@434c.
Fruit and Produce.
CALIFORNIA FRUITS-Rasins. London LAYERS
e0c@$1 %; loose muscates, 4-crown, 4G41ac: do
3crowD, 3(0314c: do, 2-crown 2126g23Ic
Z PRUNES-Four sizes, bags 514c
APRICOTS-Rags, 91a@l11ac.
EACHES-Peeled, 15c: unpeeed, 3h0S1hc
ALMONDS-Soft-shell, 10@12c; do, paper-shell,
WALNUTS-Soft-she lOc.
HOPS-Dnll, unchanged; State. common to
choice. 3@10c: Pacific Coast, 31a@lOc; London
market unchanged.
WOOL-Quiet, firm. Domestic fleece, 16622c.
pulled, l5@34c; Texas, 9@l3c.
Merchandise.
PIG IRON-ouiet. American. $12@14bO.
COPPER-Quiet. Lake, $40 IS.
LEAD-Dull. Domestic, So 275at93 30.
TIN-Easy. Straits, Sl4 05; plates, dull
SPELTER-Quiet. Domestic, SO 5013 CO.
CHICAGO MARKETS.