The morning call., 1895-03-03
NEW YORK MARKETS.
Advance in Sterling Exchange Rates.
stock Market Weak


stock Market Weak.
NEW YORK, March 2.-The stock market was
weak throughout the day, except for sugar and dis
slnr and few others OF the less active industri-
ais. The weakness Of the London market for Amer
lean securities and selling by foreign houses had
perhaps most to do with The depression but the
advance in sterling exchange rates was also a
prominent factor. OF the railway list. Louisville
and Nashville was heaviest. London was the
leader in the selling movement and as the shares
receded stop orders met, which helped the de-
cline but the break not checked until n loss of
per cent had been made, the closing price being
Is above the lowest. ST. Paul sold down per cent,
The last being the lowest price touched. The pur-
chaseS were principally TO cover short contracts.
hne o'hSf Srdhsers showed declines of IA TO Il per
cent Inc loss on the day in the rest of The railway
group ranged from Il per cent downward.
The industrial shares moved irregularly Sugar
closed with gain OF 81. DiSilling was also in good
demand making gain OF -, and closing Is below
the pest Lead and Leather preferred each appre-
Clated per cent. General Electric was sold down
= per cent by boston houses. regainns Is in the
JI llJI trialns' Onted States Cordage Guaranteed
broEe2 per cent'on the sale OF loO-share lot the
common receding l.. Tobacco is down "a, Chi
caao Gas IS and Consolidated Gas IS. The market
closed generally heavy.
During the week. rs a r.lle. the market has been
IetNF, ana tue active list with but few exceptions
shows material losses compared with the final
quotations OF last Saturday. Az the opening or the
Ntes tne ctloh OF the Canadian Pacific in passing
the dividend on the common stock led to selling OF
III" shares here and in London. and caused a drop
OF oA2 per cent 10 Al. Subsequent covering by the
short interest brought the ficnres up TO 4i33 but
there twas later reaction ami the tina sale OF the
week records net loss OF 61a per cent. London
was notable factor i'll the weakness OF specula-
tlon. tWenty-nlne shares touched the lowest
figures reached January !. The Vanderbilt propN
er,ieS were taken in hand in turn by the bear
traders and hammered down. The New York Cen
tral was the chief point OF attack
Fhe bond market to-day was quiet and the
majority OF the sales were at lower figures The
tot@l transactions were S35SO0o. During the week
the market was dun and generally heavy Oregon
Nay lgation collateral hVeS declined "a per cent
and Northern Pacific collateral trust sixes per
Sal he ya4l-r ~ TOp
Government bonds steady. State bonds quiet
Railroad bonds weak Petroleum easier; Pennsvl-
vana Oh sales none; April option sales none closed
81 % Did; Lima oil sales none.
Inc imports at the port of New York for the
week we're: Gold, 81 4S5. .993: silver S24 a3:: dry
goods $S.0S7,9l4; merchandise, So, ,2i2 $50 The
exports OF specie from the port New \ or for the
week amounted to $4,000 in gold and s633,S4 in
silver.
Grain and Merchandise.
Wheat-Steady. March, 5s1sc.
FlOur-Stcadv.
Hops-steady: state, common to-choice. old. 30
&c; 1894, 5gllc; Pacific Coast, Old. 31297c; 1894
Wooi-Quiet; domestic fleece, 16a2sc: pulled.
l9d24c
6Tanges-Quiet; Floridas. $l@8: CALIFORNIA;, So 25
PIG Iron Quiet Scotch, sle@2o; American
Coppcr-Easy; brokers' price. SO go.
Lead-Brokers' price, IS O21a.
Tin-Steady; plates quiet
Coffees-options opened steady. ,5@l5 POINTS de-
eiqsingi 90. av H' 7Si az 89gI4 60 JuRs IL sS
tember Si4 55@l4 so; December $l4 SO.
Spot Coffee-l{io firm; No. :, 1917
Mid-Quet and steady; Corova, 1S$46191sc.
sugar Raw, firm; fair refining, il-l6c; centri-
1uga 1876 test, Sc: sales none Refined, firm and
Nc. 8, 3 s-i6aSssc; No. 3, S1sSGS $50; 40. io
5,3-l6eSlsc; No; II, sos II DC: No. - 5-I6@
31sc: 30. Is, use. ON A, 3aS@3S4c; mold
y, 4 ll-l6c; standard 4, ) ll-I6@3 isc; con
fectioners A, ll-16G37sc; cut loaf, 4 1-l6145sc;
crushed l-l6@51sc; powdered, 4 I-l6@l19c;
81 IL