The San Francisco call., 1896-02-26
NEW YORK MARKETS.
Financial.

NEW YORK. y. y, Feb. 25.-Profit-taking by
local operators and sales for London account ac-
companed by lower cables led to a rather weak
opening at the Stock Exchange to-day. The sales
by the foreigners were estimated al fully 5 900
shares. The trading element quick 10 dis
cover the change in sentiment and attempted to
bring about a reaction in prices, and under pres
sure from this the market declined 33ls per
cent in the case OF Baltimore and Ohio 234 per
cent in Leather preferred and 21s per cent in To-
bacco. Baltimore and Ohio's decline was due to
the impression that the report OF the expert will be
anything but favorable.
Tobacco broke vague rumors that the COM
pany has lost of the suits brought against il in
the matter OF its legal integrity Leather preferred
was sold by the bears the idea that the passing
of the dividend must necessarily result in lower
prices for the stock. The directors to-day but
did nothing. The belief is general however, that
President Hoyt, in his report Tomorrow will state
that it has been deemed advisable by the directory
10 pass the dividend at this time. This action, If
decided upon, VIII meet with the approval of
bankers here. who have been more than friendly
10 the company. Sugar and Chicago Gas were
notably strong and rose 10 ll75s and 20, respec-
lively.
In the late trading the market was depressed
for time because or the break in Tobacco. but in
the final trading speculation was firm in tone. Net
changes show losses OF 14@234 per cent Manhat
tan and Tobacco leading. Total sales 245, $50
shares.
Bonds were lower, sales footing up s2l7s,oOo
Atchison adjustment fours fell Us 10 so; do gem
eral fours certificates 10 1915 do seconds class
a, to 27sz; Duluth, South Shore and Atlantic
fves, to "a: Northern Pacific thirds to 79; do
consol, 5s4 10 42s4 do certificates. 134 TO 423z.
St. Louis and san Francisco Trust fves rose "a 70
s6; st. Paul and Sioux City skies, to 130: ST.
Paul seven and three-tenths, 21l to l25.
III, In Government bonds, $l55,00O coupon fours of
1923 sold at ll712@l1734, $4,000 registered.
ll7A; $1,000 coupon fours at IL.
Grain.
FLoUR-Firm, quiet. Winter wheat, low
grades, 50 50@,3 90; winter wheat, fair TO fancy
S2 s5@3 80; winter wheat patents, $3 9U0p4 10 /;
Minnesota clear, So 1908 80: Minnesota straits
s3 00@S 80; Minnesota patents, $3 35@4 30; low
grades, 81 5093 %; city mills. s4 1904 25; city
so: superine, 81 1902 20; fine, So O0t@2 %
81 4o@3 90; good 10 choice, So 0O@3 80. Rye
flour Quiet, steady, 81 40G2 S5. Buckwheat
four-Sl Z0Gl 25.
BOCKWHEAT-4O@41c.
CORNMEAL-Steady; yellow Western, 81 2o@
81 25; Brandywine. 81 20.
RNE-Nominal.
BARLEY MALT-Firm; Western, 55@5sc.
WHEAT-Fairly active, stronger. No. 2 red.
S3I4c: !. c. b., S25s1835sc; ungraded red 70;
@S5c; No. Northern, 76$4@77c.
Options were fairly active and firm at lssG,
5sc advance on better cables. higher West, ior-
eign buying, bad crop reports from Argentine
active export demand and local covering: May and
July most active. No. red, February, 75lsc;
March, 75asc; May, 1890; June. 73isc: July,
731sc.
c0KN-Dull, stronger. No. 2. 3714c elevator;
Options were moderately active and firm at 1ssa
3sc advance, follow ing the West and better cables
May most active: February, 3714c; May, SIC;
OATSEouet, firm.
Options uull, nominaly unchanged February
SNs4s was mas Ss P9 pFcees ceicaro S0 e 2ee
3. 251Zc: No. white 26i4c: mixed Western
2612@Z71sc; white do and white State, 27@2ec
FEED-Bran, unchanged.
Provisions.
BEEF-Quiet: unchanged. Beef hams dull
Sls 5OGl s. tierce beef inactive: city India
aaeSs, $l5@l6 so, cut meats. dull, weak; picked