The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-06-08
NEW YORK MARKETS.

NEW YORK, n. y, June There was in
creased activity on the Stock Exchange to-day. At
the opening the bears made determined raid on
the market, using the reduction in the Northwest
ern dividend lever with which to depress
values. The London market for American securi-
ties was also heavy, and foreigners were small
sellers of st. Paul in this market. Until short
time after midday prices continued to decline and
at the bottom figures the losses ranged up per
cent, the latter in Susquehanna and Western pre-
ferred, the common losing rs.
At the lowest figures the shorts began to cover,
and other buyers also came to the market, whose
purchases helped to rally the market. AS the fig
ures moved upward the anxiety of the bears to
cover their contracts increased, and the result was
strong and active market during the afternoon.
The recovery was, however. only partial and
although the speculation continued in good tone to
the Close the great majority of the list is below the
final figures of yesterday.
The principal rallies from the lowest sales of the
day are: Susquehanna and Western preferred.
412; do common. 1$4 Con. Gas, 314 Tennessee
Coal, IS; Lackawanna and Lake Shore, 11a I;
Sugar. 13s; New Jersey Central, ia; Rubber
Reading and Lake Erie and Western, /, and
Northwest and st. Paul, "a per cent. The general
market closed active and strong.
The bond market was under constant pressure
during the day until Just before the close when the
speculative issues came into demand and frac-
tlonal Improvement followed Sales, 81, 1877 900.
Government bonds firm. State bonds dull. Rail-
road bonds firmer.
Grain and Merchandise.
Flour Receipts, 10000 bols; exports. $500
light demand. Winter wheat scarce; straights in
moderate demand for Cuban market.
Rye -four firm sales $50 bbls.
Wheat-Receipts $500 bushels; exports, $500
bushels: sales, 6,650,000 bushels; futures 40 600
bushels spot. Spot irregular. No red store and
elevator, SIC; afoat. S3c; +. O. b., S414c; No. 1
Northern, SEC delivered; No. l hard, S61sc de-
livered.
Options developed decided strength during the
afternoon owing to active buying on the unfavor-
able crop news and prospects OF continued dry
weather, with higher cables and foreign buying as
additional help. In the afternoon break in corn
started active realizing, and prices closed at the
lowest, which was 12c above yesterday. June
Sac; August S33s@S4149, closed $685.: Septem-
Der S37s@S5c, closed S37sc; December 85ss@
e612c, closed $500.
Hops-Steady.
Wool-Steady.
Petroleum. Weak; United closed 81 40 bid: re-
fined New York, 81 IS; Philadelphia and Balti-
more, 81 go: do bulk, SIS 10.
Pig ron-Quet: American $10612 as.
Copper-Steady: brokers' price, $40 rs; ex-
change price, $40 50(d10 so.
Lead-Strong; brokers' price, So 1912; exchange
price, So 30@3 3212.
Tin-Barely steady: straits, SAGA 10; plates
steady.
speiter-Firm: domestic, So 1903 80 Sales on
s. o. July to September l, $l4 so: 10 tons Octo-
Der, sl3: 25 tons June, $14 O5; 3 cars September
lead, So 35
Coffee-0ptions opened dull with prices I'm.
Changed to points lower, ruled dull and weak
under local pressure, with foreign advices ndifer
ent to weak. Closed steady at to 10 points net
decline. Sales, $3.50 bags including: March, ST. 81
OLA 80; July, $14 &c; September S14 650l4 rs:
October ga So@14 49, and December, $1470.
spot Coffee-Rio, dull: No. z, l6c: mild. Quiet
Sales, 1000 bags Rio slightly better than No s D. t.
and 800 bags Maracaibo p. t.
Sugar-Raw, quiet; sales none.