The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1895-01-30

NEW YORK, Jan. 29.-There was general be-
lief in Wall street to-day that the Gov ernme MT is
preparing fer the issue of new per cent loan,
and that Treasury circular giving terms of tho
loan is likely to be issued at any moment Wash
lngton dispatches denied that such a determine
ton had been reached by the President. but ap-
parently without any effect upon current opinion
which held TO 1t that another bond issue is I'M
pending. The chief influence of this belief was
upon the money market rather than on he Stock
lOans and Withdrawal OF much of the Offering
which have giutted the market for mont lis past.
The factors of the share speculation were the
prospective gold exports the Withdrawals of gold
from the sub-treasury, the heavy London mark CT
for American securities selling here for the
foreign account and the raising of the issue of
silver versus gold which the Presidents mes
sage has LED TO both in Congress and in sections
OF nnance, not alone III this country. but beyond
the sea. The opening of business ON the Ex.
Change to-day Eaw 2 free selling movement com
menced, causing sharp decline. the depression
continuing up TO midday. at which time losses had
been made ranging from "A to 41a per cent the
latter in Canadian Pacific.
Il dispatch from London stating the establish
ment of al opposition line TO parallel large sec
tions Of the Central Pacific and to have Govern
Other heavy declines were: L. and NJ. "a; Cot
ton Oil, l ~, do preferred, S14; Lake Shore and
IA, and Canada Southern aud Distilliug, l3s the
latter breaking on report that receivers were to
be appointed for the company,
After midday the pressure to sell was In a great
measure relieved and "a partial recovery took
place. Lead selling up 21s; do preferred, /: Man.
haitian "a; General Electric which had preyi
ously lost per cent, 15s; New Jersey Central,
rs; Rock Island, Chicago Gas, Sugar Lacle g
Gas preferred. Leather preferred and Bay State
Gas preferred per cent, and other shares frac-
ton.
There were some heavy declines. notably Louis
vile and New Albany preferred, 2Sl; st. Paul
preferred 115 and Long Island -.
During the last hour The market was strong in
tone and prices continued to move up to the
close. An exception was Pullman. which broke
234 Just before O'Clock. Most OF the shares
dealt in show declines on the day INCLUDING; ;
Canada Pacific, 414: Cotton OIL preferred, 3ib
do. common. l1s; Long Island. 3; Pullman
2$4: Norfolk and Western preferred, Q: Louis.
Vile and Nashville, rs: Lake Shore, ia !;
Rubber and Nickle Plate seconds preferred liz
Dstlllng and ST. Paul preferred, l per cent
Speculation closed strong.
The bond market was weak and active during
the day. Virginia SKIES deferred trust receipts
sta mped receded 3I4 to 61a, and Kansas Pacific
eonsols gave wsy to 70, but recovered to 7O1a.
ment bonds steady State bonds dull Railroad
bonds weak. Petroleum easier; Pennsylvania oil
sales none; February option sales none; closed
81 bid. Lima oil sales none.
GRAIN AND MERCHANDIsE
Wheat-January 5612c.
Flour-Quiet.
Hops-DulI.
WoOl-Firm.
oranges-Fancy sound firm at SO ga others,
$2@3 so.
Pig Iron-Quiet
Iiu-Weak.
Straits. $l4 asked; plates. steady: spelter
Lead-steady: brokers' price. 50 021s: Exchange
prices. 50 0@3 121a.
Copper-Strady; brokers' price, SO STU; Ex-
change prices, 50 so.
Sales onE Change: Five tons spot tin, Sl4.
Coffee-Options opened steady at unchanged to
~ points decline, rallied partly local and for
eign buying, but again turned weak, closing barely
steady at 1920 points net decline sales
1890 bags, including: January, $l4 20; May,
$l4 75@l4 80; June. $l4 700l4 70: Sep
TENDER $l4 70@$14 0:2october, ga 65@Sl4 10:
November. Sl4 1894 IS; December, SI4 75@
$14 &c.
Spot Rio. quiet: No. Z, 1915 mid. moro active;
Cordava, lol4@lS15. Sales-1OoO bags Santos.
NOS TO 8, lie 500 bags Santos os. II to g. Ice;
900 bags Santos. Nos to 9, to arrive, at Is 1Ac.
sugar ksw, firm, but quiet Refined, quiet.