The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-12-08
NEW YORK MARKETS.
Financial.

NEW YORK MARKETS.
Financial.
NEW YORK, y. Y, Dec THE suspension OF
dividends on the common stock by the American
Tobacco Company officials announced this morn
ing was big surprise 10 the holders Of that stock
and led to liquidation on heavy scale. Nearly
S5, 600 shares of the stock were traded in and the
price broke from 79 10 671s, at which figure the
last sales were made. AT the opening hundreds of
brokers gathered around the tobacco post and the
first reported transactions were 5000 shares at rs
down TO 70. The break was succeeded by a rally
-, but the outpouring Of long stock carried The
price down to 671s.
The abrupt action of the directors was made the
subject OF much adverse criticism, but officials re-
FUSED 10 discuss the matter. On behalf of the in
sideTs il was said that the fight with their Western
competitors was q bigger undertaking than gen
orally supposed and that as matter OF precautioh
u was q Sc thing 10 husband the company re-
sources. The company, since its organization has
paid y Per cent on the common and per cent on
The preferred The first impulse of holders OF the
other iGdus-rias 10 get ont Of their stock and
crop or y 20 IA per cent followed.
subsequently sustaining orders made their an
ueare-Ce IN sugar and Chicago Cas.and the former
rose from 10 - 10 1854 and the latter IRON 6S8L
20 10 The rise IN sugar was partly due to the adj
vance OF 1-l6c per pound II certain grades OF re-
6Led. The general railway list was not affected
ty The sensational break in tobacco, ana ruled
steady throughout. The advance in coal rates
nom the mines 20 Western points, the reduction in
sold exports Barring, Magoun * Co having ca h
c5.ed their order TOR 100000 in bars, and the
easier condition Of erling exchange ali tended to
keep the market Tor railways steady.
Ia the closing dealings, when Tobacco sold at its
lowest. Sugar ran on TO 1862 Chicago Gas TO 50
and Leather preferred TO So. Speculation left OF
Irregular Net changes show losses OF Il u per
c-a- III Tobacco and II to > per cent in the other
.-lIscrials. The railway list with few EXCEPTIONS
v-ra lS5qO6 shares. OF which "a. 500 shares were
tobacco, $500 Sugar y, 100 Chicago Gas and
500 Leather preferred.
BoaisrTere lower: sales were s52sOo0. Cleve-
Il 4frrsa 4aIT A.
e-s. 4 RS. certificates 50 to II; Kansas Pacific
l51sl- } res certificates 10 Y Missouri Kansas
evansville twOs l 10 So; St Louis and san Fran
cisco coasoI tours 112 to so and Chesapeake and
OHIO general four and q halls IS 10 II. TOleoo,
Peoria and Western tours rose 10 70 and Union
Pacific collateral trusts fiYes 20 50.
TIE Mercantile safe Deposit Company reports
silver bullion on hand 206,o72 ounces, certificates
Outstanding 200.
Grain.
FLOUR-Duu but steady. Winter wheat, low
grades, - 25il2 %; do, lair 10 fancy, 81 65eg
s go do patents, IS 5033 70; Minnesota clears
s. 60d3 Is; DO. straights, So 1908 40 do, patents
So 1914 10; low extras. 81 2592 65; city mills,
s. 9Og4 DO patents. S494 % Southern Flour
Dull; steady. Common 20 fair extra, 81 1912 80;
good TO choice, 81 90G3.
CORN MEAL- Dull, steady. Yellow Western,
RYEAND BARLEY-Nominal.
WHEAT-Firm; moderately active. No. red
store and elevator, 7U12G70$4c: afioat, 72G7214c;
migrated red. 63id72C; No. l Northern, 6734c
Options were moderately active and closed steady
at 1sc advance 10 sc decline with trading entirely
local and prices following the West, with some
foreign buying. May and December most active
No. z red January, 67Ssc; March, $3.50; May,
oo@se; June 6sssci July, 6eSsc: December 663sc
CURN-Duu nrmer No. 2 35l2eG3534c; eleva-
tor; S614G36l2C ahoat. Options were duh and
hrm al unchanged to 14c advance. May and June
most active. December, 351sc; January, 347sc;
OATs-Quet and stronger. Options, dull and
hrmer December. 2Isc; January, 2312c; May
Z5@sc- Spot prices-No. 2 22$4c; No white;
Z412c; No. 2 Chicago, 2414c; No: 3, 2l34c; No.
CO. 2492732ci white State, 24&2712c.
Provisions.
LARD-Quiet, steady. Western steam, So so
asked; city, s. 20; December. S. 60, nominal;
refined, quiet Continent, So 05. South American,
IS 40; compound, 45s15c.
PORK-Quiet, easy: Mess. $500 so:
BUTTER-Firm: fair demand. State dairy,
I2G22c; do creamery, ls025c: Western dairy,
I0L2G16c; do creamery, 1692612c; do June, 100
22c; do factory. 9Ql7c; EigiEs, 2692612c; i'm
CHEESE-Quiet. Fancy firm. state large, IA
@lOc, do fancy, 934@10c; do small, 734 GlO12c;
Western small, e14GlOl4c; part skins, S14gfc;
full skins, ztG3c. ~
926c; Southern, 2l@22c; icehouse. 1692Oc; do
1er case IS 5OC94 80; Western. fresh, 21G2312c;
do per case So 50@4 25; lined, 16129l7ci do per
TALLoW-Quiet. City. A 3-16c country, 41s@
Cs0STToNsEED oIL-ouiet. steady Crude, 26c;
yellow prime, new, 29@2912c; do OF grades, -
yRTs icE-Fairy active, Domestic 9s4@6c; Japan,
ssEs-Foreign, nominal; New Orleans, %
coFFEE~strong; 10 to IS points up. December,
$3.50: January. $15 1913 90 March, $13 80
0I3 so; April Sl3 IS: May, Sl2 95@l3 IS: June,
So IS; September. Sl2 1922 70. spot Rio, dull,
steady. No. T. 1890.
SUGAR-Raw, firm, dull. Far refining. 31s@
31Ac centrifugals, 60 test, 312g35sc; refined, &C
tive, frmer: OF A, 3-16@4$sc; mold A, 47sc:
standard A, 1850; confectioners' a, 412c cut loaf
and crushed, 514c; powdered, 41sc; graduated,
45s@4s4c; cubes, 47sc ..
Fruit and Produce.
CALIFORNIA FRUITS-Raisns- loose mnsca-
tets, 2-crown, 212@234c: do 3-crown, 3g312c; do,
A-crown, 4l92i5c; London layers 9Oce1$l 20.
PRUNES-Four sizes. bags, 514c-
APRICOTS-Rags, 10149l012c.
PEACHES-Peeied, 15c; unpeeled, 5s4@8H2c.
Acknowledgment 11@l2c; do, soft-shell,
1O01012c.
HOPS-Quiet; State. common TO choice, 39lOc;
Pacific Coast, 312@10c; London market un-
WooL-ouiet, firm. Domestic fleece, 1920;
pulled, l5G34c: Texas. Boise
Merchandise.
PIG IRON-Quiet. American. $12@l4 so.
COPPER-Dull. Lake, SO 70.
LEAD-Quiet. Domestic. So 2712g3 ~.
TIN-Quiet. Straits, Sl4 %; plates. dull
EpEI 1T - Domestic, So 5O(d3 90.