The San Francisco call., 1896-02-29
NEW YORK MARKETS.
Financial.

NEW YORK, y. " Feb. ZS.-The stock mar
ket tsunder the influence of higher quotations from
London and the receipt OF buying orders from that
center, opened strong to buoyant. AN ad vance of
"A TO 70 per cent occurred in the first transactions
but the rise WAS soon checked by drop in Leather
preferred from 81 TO 5914; the stock still feeling
the effect OF the passage OF the dividend The bears
then seized upon the ashington news concerning 2
the agitation in the Senate looking toward the
recognition Of the Cuban belligerents as pretext
for break in prices, and hammered the list with
great vigor.
Prices yielded slowly at first, but as round
amounts OF the leading shares were thrown upon
the market the downward movement was acceIer-
ated, and during the afternoon general decline of
t2 10 per cent en5ued The fact that houses
with washington connections were prominent as
Ieilers gave color TO the reports that fe cling OF
apprehension existed 10 the outcome OF the
mnch-talkec-of Senate resolutions on the Cuban
question. Many stop orders were caught on the
way down. and number of small traders were
shaken out of their stocks.
Particular attention paid to Sugar and the
STOCK broke from 1855 to 1885 sales of nearly
$4,000 shares. The leading Insiders were cred.
tied with heavy purchases at the lower range
General Electric. Chicago Gas, Louisville and
tennessee Coal and Iron, Jersey Central the
southwestern shares and Pacific Mail yielded any-
where where from z TO per cent. Tobacco was rather
hrlner than the rest and Northern Pacific ruled
positively strong, rising 1873 to 73 and closing at
1872. shortly before the close there was rush to
cover ana prices rallied IA TO per cent. Burling-
bacco led.
- 20 ~ but later lost the improve ment. The total
transactions were 2l5.5e0 shares Speculation left
on steady IN tone at the recovery noted
bopus were lower, the sales footed up ST ,2O4 900.
Atchison adjustment fours fell IA to ASH. do
seco IDS certificates, 15s 10 263s: Chicago and
Northern Pacific fives certificates 10 to AZ. Kan
sas and Texas seconds l1s 10 607s: Ohio South
S ern sizes, q to "a. Northern Pacific thirds ad-
45s4 and do certihcates. l to 43lh.
IN government bonds SIT ,O0U coupon fours OF
1925 sold at 1875 10 1l7Ss.
Grain.
FLoUR-Quiet, firm. Winter wheat. low
grades. 50 50@3: winter wheat fair to foncy
81 S5a3 80: winter wheat patents So 90a4 ! :
Minnesota clear. 81 70(13 so; Minnesota srraits'
s395 80: Minnesota p. tents, $3 35aa 30; low
grades, grade 81 ooaS; ae CITY mills, $4 1904 25 city
90: superhne, 81 lO@2 70 fine, So UO@2 %
southern hour-Firm. Common TO fair eY,ra
81 4O@3; good to choice, S3@3 so. Rye -four"
ncur-Nomnal.
NEUTRALITY-SUSPICIOUS..
CoRNMEAL-Quiet; yellow Western, So 2Oa
50 20: Brandywine, 81 20
RYE-NomiDal.
BARLEY-Nominal
BARLEY MALr.Firm: Western, 56@5sc.
ungraded red, 70@S5c; No. l Northern, 771lSc
options moderately active, closed firm at IA
d12c advance on frmer cables foreign buying
most active. No. red, February end March
75$tc; April, 755Sc; May. 74c: June 7o1sc; July
COBN-Dul. scarce cash firmer. No. 2, 3ezsc
Options were dull, firmer wi h the West and or
local covering: May and July only traded in
February, S6 7sc; May, 367sc; July. 37s4c
options uul frmer February, 2614c: March
and May. 26c. spot prices No. -, 26ssc;
No. white. 27s4c No 2 Chicago, 27sSc; 80