The San Francisco call., 1896-08-06
NEW YORK MARKETS.
Financial,

NEW YORK, n. Y. Aug. 5.-Stocks to-day
were dull and the movement as of late was con-
trolled by the professional element which for the
moment is arrayed on the bull side OF the account
These operators had the assistance of small buy
ing orders from London o well as higher cables
from that center, and in the early trading the
favorte issues under the leadership of sugar scored
advanc ices of 14113s per cent. The rise in sugar
fined 1sc per pound Manhattan gained point at
this time covering Of short contracts, and less
was heard OF reductions in dividends and surface
The usually active list improved 1s95s per
cent, but the trading was OF Il retail character.
After midtay Burlington and Quincy was forced
down to 601a from So on sales by brokers con-
nected with a leading broker. II was currently re-
ported that the dividend on the stock will be re-
duced, and this was the favorite argument of The
bears. one broker bought the next dividend on
1000 shares, paying rs OF per cent. In the alb
sence of support the rumors had a depressing in
huence, and the stock was sensitive throughout.
Late i'll the day the market improved on attempts
10 cover by small bear operators.
A reduction the demand rates for sterling
exchange has tendency TO check selling for the
short account, it furnishes evidence if any
were needed, that the syndicate has this market
well in hand. Cn the other hand, money, except
pledge of the very best collateral, is difficult
obtain and rates on time are gradually working
higher. To-day 66161a per cent was exacted and
paid and these rates are likely to rule until general
business improves. The Moore failure had no
effect the local marEet today. In the late
trading at the Stock Exchange Burlington and
Quincy developed renewed weakness and sold
U
sugar, ST Paul, Manhattan and Rock Island
all scored fra ctonal losses in sympathy. and the
market closed quiet Net changes show gains Of
$50 Ysc per cent. In the inactive shares st. Paul
preferred declined 234 to 12U34. Total sales
were lz1,270 shares, including 25,700 st. Paul,
"a, 500 sugar and % 500 Burlington and Quincy.
Bonds we're quiet and lower. Total sales were
100000 Atchison adjustment fours fell l to
81; Denver and Rio Grande fours ! to So:
Ann Arbor fours, 3 to 65; Jersey Central general
fves, TO ll2, and ST. Louis Southwestern sec
onds, IA 10 "a
OF 1928 brought d12$4, and $4,000 coupon fours
OF 1907 1o714@107s4.
Grain.
FLOUR-Quiet Winter wheat. low grades
do pa ents So 45@3 rs: Minnesota clear, So 40
O. so; do straighIs So 95@3 40: 90 patents, IS Is
"a 20: low extras, 81 70@2 80; city mills, So go:
go: superfine, 81 6O@2 15; fine, 81 5O02 South.
ern flour, dull and steady; common to fair extra
Sze2 80; good 10 choice do 81 6O@2 80. Rye
flour, dull, easy, 80 40@2 70.
CoRNMEAL-Quiet; yellow Western, 81 O50
RYE-Dull: Western 3711ac f. o. b.
BARLEY-Quiet 49 pounds, 331sc T. o. b.
WhEAI-Dnll' steady. 14c lower. No. 2 red
ern, 6613c
options moderately active and steady at 1Ac
decline. following The West, with trading on1y
local. September and December most active
August, 631sc; september, 64c; October $3.50
CORN quiet; firm; No. 2, 3114c elevator
3214c afioat.
Options we're dull and firm unchanged price,
to 14c advance, without special feature Septem
Der most active; August. 307sc; september 3l1lc
October 3I34c; May, 3414c.
OATS-Firm
Options dull, easier. August 23c; September
2212c; october, 2212c.
SPOT prices: No. 2. 231sc: No. 2 white 2e1sc
No. 2 Chicago 24c: No. ), 2214c; No white
2514c: mixed Western. 239241sc; white do
27s932c white State, 27c
Provisions.
LARD-Firmer quiet western steam, s3 621h
option sales none: September closed at So is
refined firmer; continent 81 Is: south American
$4 rs: CONF pound, 334 @41sc.
PoRK-ouiet frmer. ofd mess, $s@s so: nev
mess, $S 751$9
BUTTER-Steady, quiet. Western dairy. 90
12c: do creamery, 1112@15c; do factory. S@11c
Elglns 15c.
GHEEsE-ouIet, firm. Part sklms 2@bc; full
SKINS l@11ac