The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-06-30
INV YORK MARKETS.

NEW YORK, n. Y, June 2e.-Prices for stocks
1T the GU Of trading showed slight irregu-
Iarty, most notable IN the grangers and in the in
terna ion ais. The fndustrias ge neraIy tended to-
ward a higher level sugar was heavily traded in
and rose to l2912
The bears soon extended the scope Of their oper-
alton and succeeded in precipitation of sharp de-
cIines in the general list. Covering impaired
steadiness stocks at intervals particularly
sugar, which to 30.
The downward tendency WAS unim peded until
half an hour before noon. some shares which had
received earlier support reacted to a marked de-
gree, including sugar and tobacco. which figured
for 12 per cent decline The low point invite {
purchasers by the commits sion-h 10 uses, VIII CHI
drove the shorts to cover and carried some shares
above yesterdays close.
Encouraged by rather heavy sales Of stocks b.
foreign ban ing houses profession al room trad
attacked the msr&et at the opening and met with
q greater measure Of success than has attended
their efforts in The same direction during the
months OF advance in prices Outside the
foreign selling there was no other feature of devel-
epment IN the situation upon which traders coud
logically base their speculative I OiicV than The
extent ana rapidly OF the markets advance
1hey perslstenty MARI ed uFon this point through
the advance and have made il the basis of sew
eral other ATTACKS, but until to-day with only in
dlherent results ! he foreign selling IN this mar
ket was appa emily caused by general unseItlfag
OF the Lo don stock market as result of d sharp
break IN X aifir shares there on rumors Of possb
political complications in Africa
he volume of business was about the same
scale yesterday, but the real activity was
limited TO the forenoon, when two-thirds OF me
total tran actions effected. Net losses on the
day were neither q general nor as extensive ne
the advance mad yesterday and the loan mark l
for stocks at the close of the day showed mod
eratelv fncreas, d borrowing demand There VS.
however, a god deal OF reaizi & for profits
Throughout the day. The mca2er news of tn. n AZ
was the whole favorable 10 higher pic 8 m
c,ud ng 1t did tn announcement of an al vance
in ding prices of anthracite Goa a decline
in sterling exchange rates and uum Der of salts
fac. Dry statements railway ffic returns
sugar and Chicago Gas the most active
features. and in the morning boih OF these stocks
sold at the highest prices for a mum ter OF wears
but subs queDtly became wea6 with The general
rSet and closed al net, losses OF 13z per cent
and 3s per resptctivelH The selling OF sugar
ostenslbly based upon appreheusions OF
changes in The sugar schedule OF the tariff bill In
conference between the houses The market
rallied moderately before the ose and Then final
dealings disc osed firm undertone in trading
Government bonds quiet and firm Dealings IN
raj way and miscellaneous were again on arge
scale and prices were fractionRliy higher
Cali money, 114@Dz per cent. Time money Is;
80 avs, per cent: 4 months "a per cent; 3
months. 21k per cent; months. 8 per cent, o n
good mixed STOCK Exchange collateral. Exchange
on San Francisco: Sight, l71zc premium; teie-
rraDh, 2Oc premium.