The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1895-01-29
New York Markets.

NEW YORK, Jan. 2S.-Tbe heavy engagements
OF gold for shipment between now and Wednes-
day, the large Withdrawals OF gold from the sub
Treasury and the Presidents message TO Congress
the factors in te-day's speculation on the
stock exchange. The gold movement which was
Unexpectedly large had a depressing influence on
the ct, and caused decline i'll the early
dealings, which was somewhat aecelera ted by the
delay in the sending OF the message which il was
expected would have been read at the opening OF
hesessions OF both houses OF Congress. The mar
ket became irregular and unsettled with the ten
deucy downward and the pressure not re-
moved until the Presidents recommendations TO
Congress had been announced on the street and
hastily digesJel
Then came sharp rally which as to the active
list was mosL pronounced IN sugar, ew Jersey Gen.
trail and the graugerS, Delaware and LackaWanna
and Baltimore and Ohio being also prominent in the
The temper of speculation, however, quickly
underwent change upon the receipt of adviceS
from Washington that the passage OF the bill in.
trOduced in the House by Mr.. Springer to carry
out the recommendations OF the message was
unlikely to occur at this session of Congress, in
view OF the certain opposition of the sugar men
and POpulists.
Opinions Of New York SPECTATORS whenever ex-
pressed were warmly III favor of the Presidents
suggestions, but the grave doubts sustained to
the carving out of the recommended ons caused
sharp selling movement, which led to a mater
ial decline in prices. Some long stock was
brought out and the bears took advantage of the
uncertainty OF the situation TO hammer the eutire
list Very little II any support was given to the
market. and the downward movement continued
TO the Close, the maj trading Deln4 decidedly
heavy in tone with the exception OF Reading,
Manhattan and few of the specialties which re-
corded advances, and sugar Erie New York Cen
trail and tobacco. which are unchanged.
The closing prices of the shares dealt in show
declines in the day ranging from "A to 35s per
cent the latter in General Electric. Chicago Gas
opened 3s higher, but quickly fell eff "A per cent
on Western selling. rally1ng ~. Sugar lost II per
cent at the opening. advanced a and reacted I
per cent. The granger shares show losses on the
day of $s@114. the latter in Northwestern pre-
ferred.
Electric 3. Southern preferred 2, Great Northern
prefer red IA Denver and Rio Grande preferred
and Missouri Pacific IA, Cordage guaranteed and
Norfolk and Western preferred 49, Lead and
Leather preferred 1. Quicksilver preferred and
Pacific Mail advanced and - respectively.
Boud market was active and depressed through.
out the day. The total sales were 81, 49,, 600
Government bonds weak on Presidents mes
han1s nsctive Ka1Irond bonds veal PatroIenI0
steady; Pennsylvania oil sales none; February
option sales none; closed offered 81 00K. Lima
oil sales none.
GRAIN AND MERCHANDISE
wheat-JanuaTy $3.50.
Flour-Quiet.
HOps-Steady.
WoOl--Quiet
0ranges-Quiet; fancy sound. 1904; others,
$2@2 80.
Pig Iron-Quiet
1ia-Quiet and weak.
Straits, S14 So plates dull and weak; spelter.
weak; domestic. IS 20.
Lesd-Firm; brokers' price, 50 0215: Exchange
prices. SIS 1UGl3 1917.
Copper-stesdy brokers' price. SO S71a Ex-
change prices, SO S0@9 80.
Sales on Change: Five tons January tin, Sl5
1880 tons spot tin 81 o: five tons spot tin, $l4 60
Coffee-0ptions opened firm at l2@2O points adj
vance; ruled 20 points higher; closed barely
steady at 30@35 points net advance. Sales
~. coo bags. Including: January, $l4 8s@l4 80;
February, s14 70@i4 So; March $l4 650l4 10;
May Sl4 45@l4 90: june. $14 70@l4 so: July,
$14 So: August. $l4 10: september, STA 100
ID 90; october. Sl4 IS: December, $l4 GA So
spot Rio, firm; No. z. 1870: mid, steady;
Cordova, 1S14@l9c Sales-1o00 bags RIO at
l614c: 1000 bags Santos. No. z, at 1890: 20U0
bags Santos, Nos. to 8, TO be shipped at l615c.
Sugar-kaw. firln centrifugal. SO test. 3 l. Ice;
ex-shIp; refined, quiet