The San Francisco call., 1896-08-09
NEW YORK MARKETS.
Financial.

NEW YORK, n. Y, Aug. S.-The volume Of
business during the short session of the Stock Ex-
change to-day was by no means large, still at in
tervals the depression was quite pronounced. At
the opening the market was adversely affected by
lower cables from London and the active list fell
about per cent. The decline induced extensive
purchases to cover short contracts and sharp
rally Of 140214 per cent followed. Sugar led the
advance, selling up from 50 to 9S54. The I'M
pIovement in the general list ranged from "a to
2$4 per cent and was well distributed.
Before the expiration OF the first hour, however.
the selling was renewed oB a heavy scale; the
gains previously noted were not only wiped out,
but some of the standard stocks sustained severe
losses. The selling pressure was as pronounced
after the publication of the bank statement The
statement showed contraction in loans and an
enormous loss in legal tenders The reduction In
the surplus reserve TO below $4,000, 600 encour-
higher in the immediate future. This, of course,
viii operate against the bulls on stocks
In the last hour of business Sugar, Manhattan,
Chicago Gas, the Grangers, Louisville and Nash
Vile and Western Union were particularly promE
nent. Sugar broke S1s TO 951s. preferred to
9214, Manhattan 3Sz to 1872, Northwest 2s4 to
S711 St. Paul 21s 20 6014, Rock Island 2t4 TO
4914, Chicago Gas 212 TO 443s, Louisville ana
Nashville Us to 3S14 and Western Union Us to
751s In the Inactive issues, Metropolitan 1rac-
tion broke TO SOFA, Minnesota and ST. Louis first
preferred to 40 and Susquehanna and Western
Inc absence OF failures at the Stock Exchange,
considering the great shrinkage in values OF late,
was the subject of much discussion. Brokers gem
eraly are in good shape. and there will be no
trouble unless the banks should advance interest
prevailing. In view Of the efforts on the part of
the local financial institutions protect the treas
ury god reserve, it is safe to assume that STOCK
brokers will be accorded all the accommodatlons
necessary to carry on their business. In The final
dealings few stocks recovered fractionalfy from
the low point OF bhe morning Dut speculation was
Net changes show losses of 14@3 per cent To-
tai sales were 136,452 shares including 21.6OU
sugar. IT 500 ST. Paul and l0,S00 Western Union
Bonds were active and heavy. Total sales were
s6o6,OO0 Chesapeake and Ohio general four and
a % z
100: Burlington and Quincy consolidated hves,
to 93; Hooking Valley general sixes 21s 10 S27s:
Northern Pacific thirds, 10 So; do consolidated
trust, 2 10 S212; Reading first preferred 1S4 to
22$4; do general fours, 3s to 81; san .I Antenio
eighths ia 10 l05; Manitoba consolida ted sixes
8 10 rs; southern Railway hves TO 76, and
Wabash debentnre series B, 31z to 1882.
In Government bonds $4,000 coupon fours of
1877 sold at 1o61a and $4,000 do registered at
10512.
Grain.
FLoUR-steady. Winter wheat, low grades,
81 7C@2 so; do fair 10 fancy, 81 40@3 40;
do patents So 45@3 70: Minnesota clear. 81 40
80 5o do dos stGaigass sS s so epy c9 a s eo
do patents S4 1904 80: rye mixture, ~ 409
so: superfne, 81 60@2 10; fine, 81 5og2 G south south
S2@2 so; good to choice do. 81 6O@2 80. Rye
four quiet, steady, 81 4o@2 70. ,,,... .,,o.
CORNMEAL-Dull, steady. Western yellow,
81 Oa@2 10.
BARLEY-Quiet: 49 pounds, 33c.
WHEAT-DnlI. firm; Nc. red +. o. b., 663sc:
ungraded red 6s@S7c 10 dHance oo1ac o6
ports Of damage by rains, better STOCK markeb ana
local covering declined 3ag2sG On % f0reign sell
closed steady and unchanged, with SLOW trade.
September and December only traded In august,
SIC: September, 62szc; OCTOBER, o512c' NoVem-
Der, 6412e: December, SAC. 90,
CORN-Quiet, easier, closing firm. No. 2, 3Ossc
Options were dull and steady at 1,sc decline on
easier cables; lower West and Tealiz3g AuguSs gS
tember, 313sc; october, 81 55c.
Options dull. steady; August 22c; September
Spot prices: No. 2, 2314c: No. white. 2e@
2eIac; No. Chicago, 23s4c; 30 8; 221Ss; No .
white. Csc; mixed Western. 2S@2oci white do,
26@31c; white State, 26@31c.
Provisions.
LARD-Quiet,s steady. Western steam, ,S3 so; City,
50 1903 20; refined quiet st stesdy; 4s. , cont
FsGRKSouiet, steady. Old mess, $s@s %;
new mess, sS@s rs.
9@12c: do creamery, 1l1s@loe; do factory.
715@11c: Elglns, 15c.
ChEESE-In good demand, 1rm. Part SKINS,
2@5c; full SKINS. 1@119c.
- al gALL0W--steady, quiet. City, Sc; country 80
GoTToNsEED oIL-steady, quiet. Crude, 100
zoe; yellow. 221z@23c.
PETRoLEUM-Quiet and steady.
RIcE-Steady, quiet. Domestic, 3@5s4c; Japan,
MoLAssEs-Dull, steady. New Orleans, 27@
SIC.
COFFEE-Quiet: unchanged TO 8 points down.
september. SO rs; October. SO 3O@9 35: Novem-
her, 80 Is: December, SO I0G9 IS: March, SO 05
99: May, So Spot Rio, dull, easy; No 2, 1112c.
sUGAR-Rawr, quiet firm; fair refining, 31s1;
centrifugals, 31ac bid; refined, quiet, un-
chan=ed.
Produce.
HOPS-Steady, dull; Pacific Coast, 3@61zc.
WOOL-Steady; domestic fleece, 16@2zc;
pulled, l5@33c; Iexas, 7@12c
Merchandise.
rIG IRON Quiet; American. $40 25G12 so.
COPPER-Dull; nominal; lake. S11
LEA eak; domestic, So 70.
11N-Easy; straits, x13 30913 40; plates
quiet, steady
ePELTER Dull; nominal: domestic, SO 80.