The San Francisco call., 1896-10-28
NEW YORK MARKETS.
Financial.


NFw YORK. n. Y, Oct 27.-From rather
irregular opening the STOCK market resumed its
upward course and tor a time the dealings were
characterized with buoyancy. The feverishness at
the start was the result of London selling, higher
rates for money and falling of in the demand for
wheat. The losses in stocks this time were in
Significant and before IL O'Clock the entire list
displayed renewed strength. Sugar was the gre II
feature, and enormous dealings novel up to
within fraction of 1l6. Covering of short con-
tracts was the main factor at work in this stock,
although there was some buying for The account
of lower al-street interests
The market met with a serious setback around
midday. when rumor from " ashington was put
ahoat TO the effect that General Fitzhugh Lee had
sent sn his report on Cuban affairs Ii stated
In his communication he had taken stand
against spain, and that the President would call
an ira session of ongress to on the tier.
Money worked up TO II per cent and This added
TO the feeling of alarm. Frices broke badly, sugar
falling 27s to II 3; Reading, 134e TO 2514 Chicago
Gas, rs 10 6S12 Burlington and Quincy, l 5S
to 745s; St. Paul, 13s 20 70; Rock Island, 10
10 IS; Louisville and Nashville, 13s to 46;
Manhattan, l3s 10 g. 5s; Susquehanna and West
preferred, IA to 3214; Leather preferred, 134
TO 615B; Western Union Is to "a rs. and the re-
maindrr OF the list Il 10 per cent. Gpoa inyes j.
CATION there was discovered no foundation for the
stories of new complications with Spain and early
sellers started in to cover Purchases for this
INT brought rally in sugar or ~ per cent and
the other prominent STOCKS recovered anywhere
from "A TO per cent. decline in the money
rate to per cent also had good effect Near the
close limld holders oAgan to sell again and part
of the rally noted was lost.
In Lne nudi DEALINGS speculation was Darely
steady. Net changes show losses of 14G1 10 per
cent. the latter IN Chicago Gas. In express stOcxs
United States Jumped per cent to 30 the
declaration of the semi-annual dividend rel orted
yesterday. Otal sales were 306, ,304 shar s. of
which 50, 800 were Sugar, 56, 500 Reading "a, 600
Burlington and Quincy, and lS,900 ST. Paul
Bonds closed weak IN tone. Sales footed up
S1,247.O0O. Chicago. Gas fves fel l to 81; De
troit Gas consol five, TO SO: heading first pre-
ferred, l to 4334 Texas Paoific seconds. / to
1872; Atchison adjustment tours, So 10 387s, and
Hooking Valley consol fives, "a to S51a.
In Government bonds 10000 coupon fours of
1925 sold nt 117as@l1714 and $4,000 coupon
dves at 1l11z
FLoUR-Qniet easy Winter wheat, low
grades, 81 2J@a3 80 10 lair TO fancy, So 5(0 40:
do patents, 81 50@4 go: Minnesota clear, $50
3 15; do straits 81 9C@l IS; do patents,
$4 l(0s 50: low rEs, 81 ZOOS 35; city mi Is
81 SO: do patents. S5 1905 70: rye mixture
SO 25@3 rs: superins, 81 z5G2 80; fine, 81 SU@
2 20. Rye four-Quiet, easy at So S0@3 10.
CORN NMEAL-Duii steady; yeiiow Western,
RYE-DuIlS lSsteady: Western, 4s14@4s1ac, c. l.
f. New y ork.
BARLEY-weaker; 2S5sc.
VIII HEAT-Spot marke: easier, with options fair.
" active for ex ort: b.. S012c; ungraded red,
6e9Slc; NO. Northern. 7714c-
options opened weak and declined 214@23sc on
easy cables, weak West and local realizing with
foreign selling; raj led Ss01ac on local covering;
closed weak at 7sc below yes eriay. December
and Nav most active. No. red, January. 773sc;
March, 1880: May, 79e; Octo3er 1890; Novem-
Der, 1412c: Dec ember, 76c
COkN-Spot dull. weaker. Eo. 2. 2S1s030c ele-
vator, 3l5s932c lafioat.
options weIe dull and weak at 7sc decline, fol-