The San Francisco call., 1897-03-30
NEW YORK MARKETS.
Financial.

NEW YORK. y. Y, March 2e.-The depression
the markets for urites in the closing da US OF
last week, consequent upon the Supreme Court
decision in the Trans Missouri Freight Associa-
tion case was increased to-day by news from the
West about rate-cutting and also by advices from
London and the Continent of more warlike feel
ing. The bears had the upper hand and pushed
their advantage with vigor, being encouraged by
the receipt of numerous selling orders by mis-
sion-houses from Philadelphia, Boston, Chicago
and other cities. The decline in prices ranged
from IL 10 314 Per cent, and as the down
ward movement made progress many stop
orders were executed Missouri Pacific was
singled out for special attack on the reports cur
rent that the company had taken the initiative in
rate-cutting by making reduction of the regular
schedule charges eggs.
This story afterward met with an emphatic de-
nial by President George Goud who also pro-
nounced the rumors about a receivership for the
company being without the slightest found a.
tion in fact Before the receipt of Mr. Gould's de-
nia however, Missouri Pacific had dropped 81 To
1919. Other marged declines developed In The
early trading were 25s in Rock Island. 81 in Bur-
llhgton and Quincy 21ls in Northv est I3s in II.
Paul, ~ in Jersey Cen raj, 1S4 in sugar 31a in
4 american Spirits preferred, 2 AIchison, "a ia
tobacco, 11a ia omaha and 134 in New York
Central
During the af ernoon in addition TO denias con.
cerning Missouri Pacific came tho February state
ment of the Chicago, Burlington and Quincy,
which showed g increase in surplus COM
pared with last year, and the advance of l-l6G1s
in certain grades OF refined sugar. The advances
that foilowed were equal to IA in Lake shore
and ga IN merican Spirits preferred, l34 in
New Jrrsey entral and IA To ia in the re-
maInder OF the list. Near the close, however, the
grangers developed renewed weakness, but the re-
mander OF the list held firm and the improve
men; noted was well maintained. The gransers
closed with only fractional recoveries ana in the
case of Rock Island the final sales were at the
lowest of the daY.
Net changes show declines of 14@ll 3s per cent
Rock Island leading. Lackawauna gained "a
Manhattan and JERSEY Central. 1s rer cent Total
sales OF stocks were 32s, 326 shAr s.
The bond market was active and weak to-day
The transactions were 81 602 900. Ann ArboI
fours fell IA; American Dock and Improyeme eni
tves, /: Aichison general fours, 81 do adjust
ment fours 1873: Cincinnati aud Ohio general foul
and halss, J Chicago and Northern Pacific firsts
Ia; Hooking Valley consolidated fves, 3: Lake
Snore regular first sevens, 2A; Oregon Short Line
skies. certificates IA; Rock Island coupon firsts
l. do debenture fves 12; 1t. Paul and Omaha
consolidated SKIES IA Southern Railway con
soIidated hves, rs: Texas Pacific frsts /; Wis
consin Central fves /.
Grain.
FLOUR-Dull, steady. Winter wheat low grades
So 30@2 35; do fair TO fancy, 80 l5@4 40; dc
patents, s4 60G4 80; others unchanged: Mime
sofa clear, SO 3O@3 S5: do sIraights, $4l4 25: ds
patents, $3 90G4 go; low extras So 3o@3 20; city
mills. So 6O@4 so; superfne, SOS O5: fine
81 5O@2 80. Rye tiour-Du steady, SO 3Ot02 20
CORNMEAL - Dull, steady; yellow, Western
So 7O@2 80.
RYE-Dull, steady; Western, Ss1s@3sslc c. i
T. Buffalo