The San Francisco call., 1895-12-21
NEW YORK MARKETS.
Financial.

Financial.
NEW YORK, n. y, Dec. 2O.-The dealings at
the New York Stock Exchange to-day were at
tended with unusual excitement and prices broke
badly. The Venezuelan question loomed into
greater prominence, and the news relative to the
oceedings at Washington scanned with
more concern. Before the opening of the local
stock market it known here that prices for
Americans in London had broken anywhere from
! 10 per cent. The result great rush TO sell
stocks the minute the board opened for business,
and the movement continued well into the after
noon.
London which has been selling our securities
ever since President Cleveland's message on Vene-
zuela boundary matters WAS sent into Congress,
turned up again al the star, with Hquidating Or
ders, and, 1t is estimated sod about ou0uO snares
of various American stocks. Local operators, who
have become weakened financially by the recent
break in the Industrals, were forced TO sell and
. thus add TO the depression. No discrimination
was used, the giltedged issues we'll the rattle
traps ali being thrown the market, apparently
regardless of price.
Rumors of heavy Withdrawals of gold for export
TO Europe next we k also had demoraliZing ntiu-
ence. Some OF the estimates were that ten millions
will be forwarded but at the end OF the day no one
ceud be found to confirm this anything like it,
Again money, which has been ruling al per cent
and under TO Stock Exchange borrowers. suddenly
rose to so per cent, and number OF banks began
10 call in loans. This helped to swell the amount
of offerings of long stock and three Stock Exchange
firms were forced to the wall.
The firms in question-Messrs. S. S. Sands & Co.,
Nichols rockingham & Co. and De Neufvile &
Coin announcing their suspension stated their
insolvency was due 10 the failure of their Gus
toners TO respond to calls for margins. AT the
Consolidated Exchange there were also two small
failures. The outpouring of stock and the lack of
support from any quarter led TO break of any
where from 10 1872 per cent.
National Lead preferred declined 1919 to 73,
Consolidated Gas IL 10 l3e, Delaware and nd Hudson
Mail 612 to 221a, Pullman 10 so, Omaha to
81, Southern Railway preferred 6s4 TO 2212. Ten
nessee Coal z TO % Manhattan S34 to 95 Jersey
Central to 81. New York Central 61s to 9Isl.
Susquehanna preferred to 1875, Canada South
Illinois Steel 4 to SO. Louisville and Nash
vile 1o14 M to &c., and LaSede %eiss-n Gas s3
s. Shore to m GeneTa Electric g
TO 20, Denver preferred 612 to 391a, Lackawanna
to 1882, Colorado Fuel 51a to 201a, St. Paul 10
western 7$4 to "a, Chicago Gas 7s4 to 6lSs Kansas
and Texas preferred 913 to 1874, and Missouri
Pacific S14 to 1912.
The Canadian banks were among the first to call
in their loans, and in answer to inquiries some of
the foreign capitalists said they were compelled to
use the money to purchase exchange
Borrowers were compelled to seek elsewhere, and
near the close the Central Trust Company came in
the market and offered s5,000,00U, which broke
the money rate from so cents to per cent. In the
final dealings the rate worked back TO so cents.
demand for stocks generally, and on purchases by
bargain-hunters a recovery of to per cent took
place in the standard issues and IL per cent in
Lead preferred. which had some influ-
ence at this time the effect that the head of
the Belmont Morgan syndicate had been called TO
Lead preferred rallied IL to 81. do common to
"a, Consolidated Gas 61a to 1451s. Sugar 434 to
1855, Louisville and Nashville ssl 10 42s4, Nan,
haitian o 100, New York Central 634 to 9S12,
Canada southern 21s to 1874, Jersey Central 21a
son 2I4 TO 1902, Lake Shore 10 l46 Susque-
hanna and Western preferred 31s to %. Southern
Railway preferred 414 10 1884, Rubber TO 25,
Leather preferred 4$4 to CASA, and Western Union
27s 10 S5ss.
The gain was not fully maintained, however and
in the final trading the market was feverish and
unsettled. Net changes for the day show losses Of
l TO per cent. he total sales were 743,276
shares including 119,50o Sugar, 1000 st. Paul,
46300 Burlington and Quincy, 81 300 Tobacco
and 81, 800 Chicago Gas.
silver bullion hand, 20S. 13s ounces; deposited,
none; certificates outstanding, 20S.
Grain.
FLoUR.Dull: barely, steady. Winter wheat low
E sss o e DO s'a sae 8 g. s 5 5 to SD6saS 1s.s
clear 81 50@S 10; do. straits, S3@3 35: do pa
tents 50 15@4 10; low extras 81 25@2 65; city
Flour-Dull; easy. Common TO fair extra. 81 10
az so: good to choice, 50 sO@3.
CoRNMEAL Dull; easy. Yellow Western,
RYE AND BARLEY-Nominal
WHEAT-Active for export; lower with options
No. red. store and elevator 6734@6sc; afoat,
69l4@691sc; f.. o. b., 677s@691z; ungraded red,
$1,000; No. l Northern, 64s4@65c. Options
active unsettled and weak at Han
3sc decline depressed cables foreign sci
ling local realizing, and the financial trouble
No. red, January, 643sc: February, CSC;
March, ee1sc; May, 647sc; July. e4Iac: Decem
Der, 631sc
CoRN-DulI. firm. No. 2. 891a@3ss4c, elevator:
9412G3414c afioat. Options were dull and firm at
unchanged prices. May and January most active
December, 1850; January, 3S5sc; May. 343sc
OATS = Quiet steady. Options neglected and
noIninally unchanged: Spot prices-No. 2. 22slc;
21c; No. white. 23c; mixed Western, 23@24c:
white do 24@2sc; white State. 24a2sc.
Provisions.
1ARneDull; weak; Western steam, IS 471z;
City, $5@5 10; December. SIS 45; refined ouief.
Continent, Sc: South American. $6 80; compound,
$45s@l5.
PORK-Dull steady; mess. SO 1903 25
BUTTER-Qu.et: steady; State dairy l3624c.
do creamery, 2o@27c; Western dairy. iI@lSc: do
creamery, 1992Sc: do June. l7@24c: do factory.
10@l9c: Elgns, 2sc; imitation creamery, l5Q22c;
rolls, ll@l8c.
CHEESE-Fancy firm. state lsrge, 714a1oc: do
small. 734@lo1Ac: Western small, sI4@lOI4c;
part skins, 31417c; full skins. 2Q3c.
EGGS-Steady; moderate demand state and
house. 17@l9c; do q case, SO 1904 25; do Western.
fresh, 20@22c; lined, 17@171ac.
= TALLoW-Easy: quiet. City. 37sc bid, asked;
CoTToNsEED oIL-About steady: quiet. Crude.
2412c: yellow prime, new, 2s1ac; do, OF grades,
RICEEFair demand; firm; Domestic, 3@5hc:
Japan, 334 @4c.
MOL. sSES-Firm. New Orleans, 2S@36c
COFFEE-Steady, to 20 points down. Decem
ber s1370@l3 go: January, ST. eO@l3 70; Feb
ruary $13 4D@ll3 so; March, Sl3 35(Gl3 so; May
$l2 1902 so: September, $1l S5@12. Spot Rio
sUGAR-Raw dull. steady. Fair refining $40
31Ac; centrifugals, 96 test, 31a@35sc; refined,
steady G quiet; OF A. 4sol6gaasc; mold A, ,4Rc:
and crushed, 514c: powdered, 47sc: granuated,
456@434c: cubes, 47sc.
Fruit and Produce.
CALIFORNIA FRUITS-Rasins. London lay
ers: soc@sl %; do loose Muscatels, 3-crown,
3G314c: do loose do 4-crown, 4@41ac.
PRUNES-FOur sizes, 51zd51zc,