The San Francisco call., 1896-10-13
NEW YORK MARKETS.
Financial.

NEW YORK, n. Y, Oct. 12-The stock market
was unsettled and irregular throughout closing
weak in tone. At the opening the tendency
downward on sales for both accounts. The promi-
nent issues scored losses Of "A to per cent, sugar
leading with sales as low as lO514 The gene raj
market was adversely Influenced by the adva nee
in discounts abroad and belief that the Bank Of
England directors on Thursday will also put uE
the rate. his. it argued, will check the move
ment of gold this way unless the California bank
trs offer additional inducements. Gold here to
day commanded commission of 1s to 80 per
cent. Calls sold for IA TO 11a per cent.
Notwithstanding the higher discounts abroad
and the frmness OF demand for sterling $50 0,00O
of the metal was engaged in London for shpm ent
to this country. Money in the local market worked
close TO the rating at 67 per cent until late hour
when unemployed balances were offered at per
cent The comparative baroness OF money led TO
quotations in certain quarters, especially some
commission.houses are not inclined to encourage
new ventures p-ndlng. After the drain referred
10 tobacco advanced from 6S1 12 to 7012 and this
strengthened the general market for time.
The rise in Tobacco was atJrl Outed TO manipula-
tion and covering of short accounts. In the late
afternoon trading the selling was renewed in the
indusIrials Leather and Rubber were heavy,
selling 10 5514 aud 6514 respectively sugar,
the Grangers, Manhattan and General Electric all
lacked support in the late trading. Speculation
closed weak Net changes show losses of "A TO
lis, except for Ru bber preferred. whio h dropped
3 per cent. Northwestern and Tobacco gained
n to per cent. Sugar, which was the most
active stock, figured Tor 30,500 snares.
Bond closed weak, with total sales of $4,000.
a
fell to 81; Erie general lien 3-4s, TO SO; con-
sodated hYes, IA to 5312 oregon Short Line gen.
eral five, cerlifcates. 15s to 1s Reading ding gen
seconds, IA TO 1854 do thirds to 2512 st.
Louis and San Francisco general fours, 31a TO
102; Wabash fir U.s. l to 1O2, and do seconds, 112
to sc. Kansas and Texas seconds after falling
l34 10 5012 rallied TO 81
IN Government bonds $ll 900 coupon fours of
1925 sold at l15@ll512, $1,000 do registered at
1I512 and $4,000 coupon lours of 1907 at l07.
Grain.
FLOUR-Firm, moderate demand Winter wheat
low grade, 81 90@2 75: fair 10 fancy, 81 6O@3 As:
do, patents, So 1904 20: Minnesota clears, 81 Boa
3 AZ; do, straights So 1908 Go; do patents So 4O9
60; low extras, 81 9O@2 10; city mills SO 15@
3 20; su9erfne, 81 50@2 20: fine, 81 4O92 10.
southern flour, firm. tairly active; com Ion to
fair extra, 81 20d2 80; good 10 choice do. 81 S0@
10. Rye -four. steady, at 81 40@2 S5.
Buckwheat -four 81 so.
RYE-Quiet, firm. Western, 4415c.
WHEAT spot market dull, nrmer; f. o. b..
1875; ungraded red, 67@79c; No. 1 Northern,
b6s4 options firm and unchanged on firm cables,
closing firm at lac over Saturday with trading
fair. December aud May most active. No. 2 red,
March, 1850: May. 7734c: October, 73szc; No
vemDer, 74$Zc: December, 76ssc
Stocks of grain sore and ahoat october To-;
Wheat a56'o32; corn Z'66S' BOY a49; @ oats, 2.S5!-
6l5; peas, 490 bushels.
CoRN-Spot, fairly active frmer: No. 2 Bic
options were firm at 81 @1c advance on foreign
buying, frmer cables beIIer West and local cover
uBi december ana May most active. OcLODer,
sic; December 313zc: May. 341sc.
OATS-Spot more active, hrner
Options quiet stronger. october, 2214c; Decem-
Der. 2314c. May 20. spot pric 8; No. 2, 2214(9
2212c: M white, 25c: no. Chicago 2314G
2312e; No. 8. 20c; No. 8 white, Csc; mixed
western 2U9zSc; white do, 22@3Oc
Provisions.
LARD-0niet, frmer Western steam 81 s71z
city, 81 4o@4 80; october, 81 90, nominal: re-
fined quiet; continent, SIS 25; south American,
So 80; compound, 45s947sc.
Npxy
BU1TEk-Firm, good demand. Western dairy,
712@1l12c; do creamery, l2@19c: do factory,