The San Francisco call., 1897-10-29
NEW YORK STOCK MARKEr.

NEW YORK, Oct. tS-To-day's stock market
was exclusively in the hands of the professional
tra1ers and contained mo- hing of Significance in
its bearing on the general cordition of the coun-
Try. The market was inactive and the movement
OF prices was sluggish. Trading was almost stag
nan at times. The traders did the best they could
to influence prices by manipulative buying and
selling and by dissemination as news of fumors OF
their respective hopes and Tears The only re-
sponse of any moment was shown in special
cases, with slight sentimental effect on the gen.
eral list but the professionals were unable to in
duce any following and in meeting their earlier
contracts carried pri ces bsck to near the
point.
One of the special stocks affected was Pacific
Mail, which declined one time 21A on account
Of the decline in earnings shown by its Septem ber
statement The stock recovered TO within frac-
tIon of last nights close. sugar, after substan-
t1al gain, fell z12 points, but also recovered to
net decline OF a fraction. The coaeis as a group
were weak on the unsatisfactory cond ton cf the
trade Notwithstanding recover.es near the close
their net losses were point or over. The grain
carrying roads, on the other hand, displayed firm
ness, which was principally due TO roseate fore
casts OF the Septem Der earnings of burlington the
statement of which Is yet to be published
By reason of this influence railroads generally
are fraction higher, excep; some southern roads
and he coaiers, while the ind ustrsls nd special.
ties are generally lower. There was still some
dsposi ion TO advance fears VI the Cuban question
motive for the selling. Union Pscifc wa,
less active and was uncertain H. its movsme Mt ON
account of doubts on just what changes in the
plans OF the reorganization committee are in
volved in the advanced bid to the Govern
The doubt applies only the plan of financing
the new company but to the ultimate dispositioH
of the Kansas division. which The committee pro-
fesses itself willing 10 relinquish The Govern
SO far The subsidized portion is concerned
The STOCK clos 3s higher.
The arrangements for the payment to the
Government and Of the Government payment of
bonds coming due on January also look keq
forward to with interest for heir effect on the
money market. 1t is believed will be timed
10 a1fect The other far poSsib e. so as not TO
take so large an amount of money out of the mar
ket The sum TO be paid the Government will
considerably exceed that TO be paid out ON this
account but the conllu ued excess OF disourse-
mems over receipts the daily operations of The
treasury VIII help 10 make this up. 1t is believed
that any marked effect on The COS Of money will
thus be avoided.
entral OF Georgia seconds Incomes declined
lSsc and third incomes point Kansas and
1e1as issues were weak. Dealings were not on a
large scale Total sales s., $50, 600.
United states tives were advanced IL bid Pa
cific skies of 80, 1905 NJ obile aud Ohio fours n.
Philadelphia and Reading fives S4; n and w
consols fOurs, 1914.
Total sales OF stocks to-day. PSI, 500 sb,res in
cluding: Atchlson preferred SO q, C.. B. and o
2U,934, L. and y, ZOO, Missouri Pacific 5ssa
New YORK central $500, Northern Pacific rrs
rerrrd 1857, Reading 46UO. kock Island sim
ST. Paul 1890, Union Paci6c 25 $50 Raw Sts,s
Gas 300 hicago Gas 81. ITO. Pacific 9iaii 6s77
Sngar 81, "A; 7. e. and l. 57O7 Chicspo ardd
Gl eat Western 5646 u