The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-05-08
NEW YORK MARKETS.

NEW YORK N Y. May THE share specula-
ton to-day was characterized by degree OF buoy
ancy which has not been exhibited since the re-
cent upward movement went into operation, and
transactions reached a total which has not been
touched in many months The distribution Of
business was very wide, and some OF the low
priced and unusually inactive stocks were dealt IN
largely and made material gains. The buying was
mainly for the home account, but the foreign
houses were also in the market heavy pur-
chasers and helped the market in its upward
march. The shorts again continued the covering
m owe, especially in the Changers, with Burlington
the leader.
AS an advancing tendency was manifested at the
opening of the exchange and while there were oc-
caslon al reactions due to taking OF profits, the
losses were merely fractional and were quickly re-
covered and a higher range ofvaIues was promptly
established. There little furry in Reading
which was sold down 11sc, nut recovered 81 per
cent. The sales were made by an interest which
has been opposing the reorganization plan. In the
final dealings the market at its best and closed
decidedly strong in tone. The few losses made
compared with yesterdays close ranged between
Is and a per cent and are mainly confined to the
specialties-
The bond market was very strong and animated.
The dealings aggregated S3,60l000. Round
amounts OF the speculative issues were taken for
the European account The most substantial gains
are: Minneapolis and ST Louis firsts, 4$4 Hi
nOis Central, 312 and Pacific of Missouri frsts
31a: Reading third convertibles, Union Pacific
and Colorado firsts and St. Joe and Grand Island
irsts, 212. Southern Pacific OF Arizona frsts and
Oregon Short Line collateral trust tives, 2. The
only recession OF note is per cent in Milwaukee,
Lake Shore and Western frsts. Government
bonds strong: State bonds inactive: Railroad
bonds strong Petroleum firm, closed 81 55 bid
Grain and Merchandise.
wheat-May, 6612c.
Flcur-Steady.
Hops-Dull.
Wool-Firm.
Petroleum-Nominal; United closed 81 SIS bid
PigiTon-Weak; Scotch, $1,000; American,
SO 50GI2 so.
Copper-strong: brokers' price, Sc rs; exchange
Lead-Firm; brokers' price, 81 95; exchange
Tin-Bareiy steady; straits, s14 4o@14 AS; plates
inactive.
Spelter-Hfgher: domestic, So 25@3 80; sales on
change, so tons June tin S. c. to double, Sl4 25:
so tons May lead. So 0712.
Cofee-Options opened steady at unchanged
prices to Is points advance on unexpected i'm
provements at Havre and Hamburg, ruled gener-
ally firm on European buying orders, turned easier
under local pressure, and closed quiet at net 5
points decline to points advance. Sales, 900
bags, including: May, $l4 1904 40; June, Sl4 10
OLA IS; July, $14 60@14 65; September, 1914 so
OLA So; October, $14 45014 go; December
S14 40014 so; March $14 50.
Spot Coffee-Rio: quiet. No. Z, 16c.
Mid-Quiet; Cordova, iS14@19c. Sales, 1000
bags Capata Mia spot p. t; 1900 do Maracaibo to
Central American do do; 800 mats interior to ar
rive, 2614c
sugar-Raw, strong; fair refining, 27s@3c; cen
trifugal, SO test. 3 $3.50. Sales. 10000 bags
Cuba centrifugal 95 test. and freight includ-
ing 100 bags spot 7-l6c and balance afoat
2 7-lS@12c. Refined strong and higher; No. 6,
1-16c; No. 9, 3 3-16@4c; No. 10. 334G3 1o-16c:
No. IL, 3 11-16@g37sc; No u, 3 9-16G3s4c: No.
IS, 1886; on A, 4 1-16@4$sc; mold A, / 11-I6@
Age; standard a, 5-16@ 4l2c; confectionery A.
1-16G514c; powdered, 4s4c; graduated, II
Gage; cubes, 11-16@ 47sc.