The San Francisco call., 1897-10-01
NEW YORK; sroCk MARKEr.

NEW YORK Y. sept 30.-There was no
sign OF anything in te=day's stock market to give
announcement 20 the hope OF those who profess
to believe rhatthe N arket has run its course SO
far reaction is concerned and is read 10 re-
sumo lis upward course Th9 character OF the
dealings aid net differ in any respecu from those of
yesterday. Prices were IA ahmed down with great
facility and the grea declines invited large offer
incs. The slight raj les which occurred few,
tim, the con;rary led to an most total cessa-
ton OF activity ana the upward course of prices
was batting and diffdent The net decline achieved
to-day is very much greater than that of yester.
day, only because the bears reserved their creates
efors tQr the last halfhonr of trading leaving no
opportunity for recovery before The close
This was apparently owing to an excess of conf.
dence The part of the bears, who were content
10 leave their short contracts uncovered over
night instead of realizing tmmed lately. The mar
ket continued most wholly professional and The
dea ings Seemed.lo be confined TO the room trad
ers except where the sharp declines covered or.
ders placed TO stop losses. These W ere in large
vo ume and aided materially in the decline a
feature OF the day the reversal the position
OF the operators for the London account wno
were sellers to-dav.s:..
London prices aLso came lower and these were
said TO De due TO resumptionof the selling there
for New York account, wh> was so pc sisteally
adhered to up to shDrt tim since. ONE of ri
selling In London was aJtr bnted to Paris ord ers
owing to a monthly settlement in progress at that
center;
The resignation of the spanish Ministry and the
prospects of a Ii berai oyernn3eut m pain were
aeon e.i as tending to amtliorate the relations
between that country and the United tales and
the news hat cencil1atory proposals from the
Cuban insurgents had been received al Madrid
also tended to deprive the hears of their pet
weapon--fhe Cuban question,
y decline in ster"ug exchange Of 10 cent In:
posted rates and II in actual rates brough; III g
price appreciab!y nearer To the gold import point
and was favorable factor 20 increase the prices
were slightly easier tone In the money rn ar
ket and somewhat reduced volume of Clearing
house exchange, j he bears forced a decline in
spite OF all these conditions, ard made especially
fierce raids special stocks The active list
shows net oss of over point, and in many
cases of more than two points.
Values of iailway mortgages held firm against
the decline in ST cks reduced dealings Total
sales reached only Sl,225 900.
Government bonds stron-, the new and
old fours and the hves were advanced rs ana II
bid ali around.
TOTAL sale of stocks to-day, 393 200 shares in
Guiding: Atchison 962l, c. B. and Q 4l6l4
Hooking Valley 10000, l. and :. 390O Manhat-
tan 1853 Missouri Pacific 673U, NJ and 7. pref
1918. New ork Central 1850. Northern Pacific
4746 do preferred 9,52O, Reading 62lO Rock
Island 1875. ~ Paul rs 270, southern Railway
4s45, Union Pacifir l4,69S, American Tobacco
49,, Chicago Gas ST. 920 Con Gas $685. General
Electric $500, Sugar 25,ll5. T. c. and !. 4O55
Chicago Great Western 5000.