The San Francisco call., 1896-09-24
NEW YORK MARKETS.
Financial.


NEW YORK, n. Y, Sept 25.-Sugar was the
feature OF the stock market to-day. 1t opened
slightly lower at l111a and soon dropped TO 11O1a
The decline followed by purchases to cover
short contracts and rise TO 1121a followed. The
transactions were heavy, the stock figuring for
90, 900 shares, in grand total of 22O,S97 shares
The erratc course of the stock naturally caused a
good deal of comment One story that the in
siders had par ed with their speculative holdings.
rumor which gained currency late in the day.
and which induced some selling, to the effect
that the Mollenhauer refinery of Brooklyn would
increase its capital to $20,000000.
The significance of this statement lies In the
fact tnat the Mo lenhauer Company is outside Of
the trust. Reading was next in point of activity
and sold up 1912, the best price for long time
quest and scored material gains The securities of
the company were influenced by the completion of
the foreclosure proceedings at Philadelphia to-
day. The general list ruled her weak after the
opening on account of the heaviness OF sugar ana
belief that the Bank of England viii advance its
rae Of discount A report was also atioat that the
bank in ended to put up its price for bar gold and
american eagles. This 1t was argued, would
check the flow OF gold this way.
Nevertheless the sum OF $1,5OO,OOO additional
gold was withdrawn from the bank to-day for ex-
port, bringing the otal engagements on the way
and delivered since August % last up to nearly
S4l,O00,Oo0 The downward movement in stocks
did not last long and by O'Clock the early losses
were not only recovered, but In a mum ber of in
the highest figures of the day were reached
At the top notch the leading issues showed ad
vances of 14@2 per cent Near the close when
Sugar developed renewed weakness, the entire
market sympathized and a recession of 1t6al1L
per cent ensued. speculation closed barely STEADY
Net changes were confined 10 fractions. Reading
however. rose l and Chicago Gas 10 per cent
while sugar lost 11s per cent. In the inactive
issues Cordage gained ~ 10 31z and Illinois steel
23s per cent on the day.
The bond market was strong and active Sales
footed up $1,374UOO. Reading issues were the
features The first preferred advanced 15A 10
and do general fours. TO rs 70. Chicago and Ere
frsts rose l to 107; Hooking Valley Consolidated
slxes, l12 to S312; Columbus and Ninth-avenue
ives IA 10 l121s; Lincoln and Colorado ives
to 2412; Cordsge skies, TO %; Northern Pacific
sixes, to S4 TenneSs Coal and Iron, Birmins. in p.
ham Division Consolidated sixes 214 to go and
Western New York and Pennsylvania general
In Government bonds $4,000 coupon fours of
1925 sold al 1854
Grain.
FLOUR = Quiet Firm. Winter wheat low
grades, 81 7O@2 90; do, fair TO fancy, 81 40G3 40
do, patents, 81 50@3 so: Minnesota clears 81 3OCG
80; do, patents. $3 25@4 35; low extras 81 7O61
al %; rye mixtures, 81 6O@3 10; su5erfine, 81 SIS
az 10; fine, 81 40@2 90. Rye -four dun steady
CokNMEAL- Quiet; steady. Yellow West
RYE-Firm. Western. 42c.
BARLEY-Firm: 321zc
WHEAT-Spot market dull, firm, l8h@lzSc
higher; +. o. b sSssc: ungraded red. 71@S3c; No l
Dptions were more active and rather excited.
closing strong at i34@17sc advance. due o bulish
local coverings and high West. Decem bsr and
May most active. No. 2 red closed May 1881 c;
september. $3.50; October, 691kc: November.
701sc; December. 702sc.
CoRN- Quiet; stronger. No. 2, 271hc eleva-
tor: 2S1ac ahoat.
options were more active and firm a. lac adj
vance, following the West and frmer cables De-
cember most active. Septenlber CLOSED, 27c: Octo.
Der. .71sc. december, 273sc; May. 30szc
OATS-Spot, dull stronger
Options fairly actve 6rmer. September 2lc:
October. 2lc; December, 22c
pot prices: No. 2, 20az@2lc; No 2 white,