The San Francisco call., 1896-07-21
NEW YORK MARKETS.
Financial.

NEW YORK, N. Y, July 2O.-Stocks were weak
and at times oemoralized to-day. New low rec
ords were established for of the leadI ng rail-
way and Industrial issues and the feeling was de-
cidedly blue especially during the early trading
The opening weak owing to the receipt of
lower cables from London, but later o foreign
houses turned buyers. Liquidation for home ac-
count again heavy and the bears hammered
away at the list with renewed vigor Gold en-
gagements to the extent of over So, 8,000,UG0 for
export to Europe to- morrow proved dsastro rs to
bull hopes right at the start and the engagem
were accompanied by rumors of equally heavy
shipments on Thursday.
Weak holders lost no time in getting out Under
this process prices dropped anywhere from II to
BE per cent Sugar fell 211a TO 1Ol, Tobacco to
Gas 312 TO 1919, st. Paul 35s TO 671a Rock Island
Az TO 6272, Consolidated Gas 413 to lao. Lake
Erie and Western preferred 10 so, Louisville and
Nashville 21s to 4414, Manhattan 1sl to 921A
Kansas and Texas preferred 23l to s. Missouri
Pacific Man e 81 Leather preferred 51S to OF r.
Tennessee Coal 27s to Is, Western Union 11A to
70: 70 ss and Wheeling and Lake Erie preferred S4
Around o'clock rumors were current that the
Leading bankers were endeavoring to effect COM
olnation 10 turn round sum of gold into the
sub-treasury. The report had a tendency to check
liquidation, but when j. Pierpont Morgan was
quoted saying that he had no KNOWLEDGE of any
conference the bears made fresh demonstration
against the list. Al this time the Grangers Sus ar
ana chicago Gas were forced TO the lowest figures
yet reached since the current bear cam en was
inaugurated Just previous to the close it devel-
oped that f. ID Tappan, president Of the Gallatin
National Bank, had had informal talks with a
number Of bank presidents and that a number of
the strongest banks were willing to enter a COM
pnatlon TO protect the treasury gold reserve
j. flerpont Morgan also stated that in his
opinion the administration would have no diff
Guilty n selling bonds in case IL wanted These de-
yeiopments exerted favorable influence and in the
hnal transactions the market ruled steadier Net
changes show loses of IN to 3 per cent Total
sales were 1898, 300 shares
Bonds were active and heavy. Sales were 81
66O,OOO. Atchson general fours fell 21s to l1h;
90 adjustment. 12 to 3012 Kansas and Texas
seconds. 12 TO 51A2 Louisville, New Albany and
chicago Consolidated skies, 25s TO co.
GoVerpment bonds were easier, $50, 800 coupon
fours OF 1928 selling at 1131s@ll23l: $4,000
coupon tours OF 1907 at 1O73z.
Grain.
FLoUR.Quiet, barley steady Winter wheat
low grades 7O@2 so; do fair to fancy S2 4Om
40; do pafents, $3 45@3 rs: Minnesota clear
S2 4ea2 80: do strajghts, SO 95@3 40: 40 patents
90 Io94; low extras 81 70(92 so; city mflls
S. go; do patents S4914 25: rye mixture 50 4lle3
9O; su perhne, 81 6OG3 15 fine S3 Southern
nonr, dull easy, common to fair extra S2@2 so:
easy, So 4092 go. t"ieS
CoRNMEAL-Dull, steady: yellow Western
~ V9S92 10; BEandywine, So Is.
u f. 6.ISnlet. t nrn: western 371a@3Sc f. o. b
BARLEY-Qniet, 49 pounds quoted So + O. h
HARLEY MALT-Dull: Western 4S0a59c.
WhEAI-Dull, easier with options; f. O. h.
653sc; ungraded red, b4@64c; no / Northern,
Options dull and irregular, closing weak at Ian
Ssc decline on easier cables, foreign selling lower
Mest ana locai scalplng and switching Seprem Der
an ano Dece m per most active. July, 6I34c: August
oZc; september, 6214c; October, 625kc; Decem.
Stocks of grain, store and afoat July ls: wbea,
d-oSo,zo. corn, 500 l41; oats, L S43,262; rye
bushels Po'.9' A-&i
corn Spot, dull, easier No. 2, s2ssc elevator;
Options were fairly active ana as@76c lower,