The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-05-11
NEW YORK MARKETS.

NEW YORK. n. Y, May 10.-rhe volume OF
business on the Stock Exchange to-day shows a
heavy increase over yesterdays trading, reaching
n early 100000 shares, the trading being wide. A
marked feature of the speculation the heavy
buying for the foreign account and it is estimated
that over 10000 shares of stocks were taken for
London and the Continent. The purchasing for
the foreigners is one Of the chief sustaining infiu-
ences of the market and coupled with the strength
of American Sc curities on the London Stock Ex-
change was the main factor in restricting the
operations of the bear element and inducing the
covering of short contracts.
The market opened active and buoyant and for
three-quarUers OF hour prices moved upward,
Baltimore and Ohio leading the advancing column
with gain of 11a per cent and Colorado. Denver
and Rio Grande common, New Jersey, New
England, Reading Lake Shore, Cotton Oh
preferred and Susuuehanna and Western preferred
being also prominent in the Improvement. Toward
IL O'Clock it became apparent that liquidation
movement was in progress and the bears endeay-
ored to help the rcactionary tendency by putting
out small lines of spots. The coal stock sugar and
the cordage shares were the heaviest sufferers, the
decline in the of the list being merely fraction
al. Not for long did the depression last, ready
absorption of all stocks offered for sale bringing
about change of heart on the part of the selling
contingent, and before noon the upward movement
had been resumed.
Prices continued to gain until shortly before
O'Clock, when under clique manipulation Sugar be-
gan to give way and receded 11s per cent. Then
came break of 21s in New England, IA in \. j.
Central and in Cordage. The market, however
stiffened in the later dealings and closed in good
tone at very general advance on the day OF $50
312 per cent.
proportions, the sales footing up S5,576000. The
speculation generally was of a buoyant character
and higher prices were the rule but toward the
close there was slump in few Of the speculative
mortgages.
The sterling exchange market continues weak,
and actual business rates are about lie to 1s
lower the inquiry the part of the Temitters is
fairly good. The bills offering are mainly drawn
against securities purchased in this market for the
foreign account. Commercial bills in very
scant supply.
Grain and Merchandise.
Wheat-Receipts, 155,4 400; exports, none. Sales,
100000 futures: ~ 600 spot. Spot dull No 2
Red, store and elevator, 6712c; ahoat 6S5sc; f. o.
b., 69ssc afoat; No. hard, 73c delivered.
Options had weak opening under the local real
12Q34c OFF. After noon features were weak, owing
to late cables rain in the northwest and reports
that the Government statement would not be
issued, which rumor subsequently denied. No.
Red May closed at $3.50; June, 67s496s1sc,
August, 6s1496S84c. closed at 6sssc; September,
683s@6914c closed at 6812c; December 7034@
7114c. closed at 7034c.
barrels; sales, $4,000 packages. Markets in gene
raj steady, with spring patents firmly held, but
10; do do clears, So 55@4 IS: winter straits,
So 20@3 so; winter extras, 50 60@e2 80; Minnesota
2 so; spring low grades, 81 O592 25.
Rye Flour-Quiet and firm; sales, 800 barrels.
Hops-Easy.
Wool-Steady.
Petroleum United closed 81 II bid.
Pgiron.steadier; Scotch, $4,000; American,
Sc 50G)12 so.
Copper-strong; brokers' price. $40; exchange
price, 80 35.
Lead.strong: brokers' price, 81 95; exchange
price, So 0712.
Tin-Firm; straits, $15 plates steadier
Spelter-Very firm domestic, So 35.
Cotfee-OptiOnS opened dull. No sales up TO 10
noon and market inactive and featureless through
out the session on small local trading and indiffer-
ent foreign news closed quiet to points net de-
cline. Sales, 1000 bags, including: May, Sl4 40:
June, $14 30; July. $14 So; September, $l4 So:
October, $l4 so.
Spot Coffee : Rio. steady; No. 7, Ice; mild,
Cordova, 1S14019c. Sales - IL 800 Maracaibo
200 La Guayra, 800 Central American 700 Porto
shipped to Europe, all D. t.
Sugar-Raw, steady. Sales-4402 bags Centrifu-
gal, 314c: $50 hhds. and 1888 bags Muscovado, 50
test, at 27sc: 1873 bags Molasses Sugar, SO, at
25sc; refined firm.