The San Francisco call., 1896-08-13
NEW YORK MARKETS.
Financial.

NEW YORK, n. Y, Aug. 12.-Stocks to-day
were lower. The feeble response made by London
to the sharp advance here yesterday disap-
pontment TO the professional element, and
London was seller TO the extent Of nearly $4,000
shares the entire list ran on anywhere from "a TO
. per cent. Local traders who turned bullish find
ing little demand for stocks from the shorts,
also sold, and in the absence of support the de.
cline noted was quickly ACCOMPLISHED. The heavi-
of Manhattan special feature of the
days operation. The stock opened "a per cent
lower at 1914 broke to 7414, rallied to 1914 and
closed at the lowest figure.
The reports current for long time about loss of
passenger traffic, on which extensions by the sur
face railroads and a probable reduction in divi-
dends by the company were revived again to-day
and with effect far the price OF Manhattan is
concerned. Louisville and Nashville dropped
about points to 3Ss4 the loss in earnings for the
first week OF August having had an unfavorabe
influence The failure to settle the rate war in the
South was also used against the stock. Reports of
troubles in commercial circles and the assignment
OF an old member of the Stock Exchange helped
the bears in their work of depressing prices.
There was no particular pressure 10 sell, how
ever. and the decline was generally credited TO
manipulation The falling off in business the sales
having footed up only 1S0.sl2 shares. attrb-
uted TO a desire 10 await Mr. Bryan,s sneech of ac-
ceptance at the Madison-square Garden tonight.
In the cosing transactions the market weak
in tone, the result Of the break in Manhattan.
Speculation left on weak. Net changes sh
losses OF 12 to 454 per cent the latter in Manha;-
In the speciaties, Illinois Steel rose 984 10 Al
the most active stocA, figured for ~ 400 shares
Bon DIS were irregular, but in the man their total
sales were $712U0O. Atcbison general fours fell
13s TO 7112; Louisville New A lbany and Chicago
general hves, S12 10 521a; Oregon Navigation
Consolidated hves, . to 90: San Antonio and Ar
Pass fours, 412 AS and Western New
York and Pennsylvania general forrs, TO A
Burlington. Cedar Ra pids and Northern fves rose
2 10 l02; southern Railway consolidated fives 10
10 50 and Union Pacific sinking fund eights 21a to
S01a
In Government bodds $4,000 coupon fours OF
l925 sold AT l12; $500 coupon sours OF 1907 af
1O6 $500 do reg. at l05s4.
Grain.
FLoUR-Dull, steady. Wheat low grades
81 7C@2 so: do fair to fancy, So 4O@3 4O
do pa,euts So 45@3 rs: Minnesota clear 81 40
az go do straights Sc 95G3 40: 10 patents, So Is
"a 20; low extras, 81 7U@2 So; city mills So 9O
do patents "a 1894 35; rye mixture, 81 400
co. superfine 81 60@2 55; fine 81 5O02 O5. Rye
-four quiet. steauy, at So 1902 75.
CORNMEAL-Quiet, steady Eastern yellow
81 o az 10.
RNE-Quief: Western. SIC f. o. b.
BARLEY-DulI; 40 pounds, 34c f. O. b.
BARLEY MALT-Quiet; Western, 4S 953c.
WHEAT-Spot, marke. quiet, weaker; +. o. b.,
565sc: ungraded red, 56@66c; No. l Northern,
643sc
Options were fairly active and irregular, closing
weak AT 1s@5l1sc decline easier cables lower
West, foreign selling and ocal realizing. Septem-
Der and December only traded in. No. red
August, 6l34c: september, 61Hc; October,
63@64c; November 65c; December, 645sc
CORN-More active for export No. 2, 29sAc
elevator; 30s4c afoat.
Options were moderately active and weak at 10
@Ssc decline on weaker cables lower West and