The San Francisco call., 1897-12-15
NEW YoRk STOCK MARKET.

NFW YORK. Dec. l4-There was a disposi
ton to-dsy on the part Of holders of stock TO real
ize profit On Central Pacific ana the bears heIneo
aloug the reaction BY tree short selling There
were one or two exceptiOua instan es OF strength
IN the market and some covering in shorts h fore
the close by timId bea s. 50 tnal net declines n n
not lnalcate the extreme fall in prices But The
general tone OF speculation was heavy and no ap-
gresSIVe cisposu on TO buy was manifest The
III mer tone Of the call money merEat u,,s ~,
doubtedy y the cause Of The halt IN the hnu ,1o-,a
mert. The il CT in cash noldiups h., fi,a I-I :
show by Saturdays statement and ina fih
III surplus reserves to below $4,000 uOl W. re
features in the money situation VIII, h viii M o.
ceptuated during the week ' AO
9 he am Ouncemen. fr. ~ WASHINGTON ,ho, .,-s
b'nts maturing on January J. Enov1 a. cnr,af,nv
slXes WI b lai1 on on December "a bears on + q
Lua ION he aggregate OF these bonus fs 40 -
So-.doz, ana 'hslr rede mpton Will about OFF ,et
ths aynents alr' adv nadv 20 the Ciovrrnn3eTI or
account n OF tGe C4oi Pacihs sal when amount
10 % 9,Ito. lhe Govelnment will dIsburs.
over 90 OUU0 IN in crest on lama " .T,7o
ba ance which ;he Union Pacific feorganfzatton
amounts TO $z5,5 1000. and of this onnl ~ 81
90 lUU VII be paid This week and tie remand r.
bV the hrst we k in January IL was seen n a.
The Dalance in favor OF the treasury viii a1,o,Itt
10 -ly $50 900, UUO '"ii'
II IS not expected that this amount will he spd
denly vi h1rawn from clrcu' aifon mn win ba ~
lowed to remain deposit for the nrssant - "a o.
tionat banks in this CITY fut No jeg ~ Ia na
hclL in he revenues VIII ch has d a r. ,uster+
ST. cam into the money markr ba. hen rsc|,r
u Zed as a FAC or III the ease OF money ra es ani
plase on that condition Rates for cal ions vgers
nOt above 212. but wer- not below 2 per cen. m
market was almost y holly technical, he sfFengtb
of the co lers, with no news to accoun1 Tor !,
serving 10 sus ain values somewhat NorIb, -,
Pacific preferred was IL good demand al, dav q nd
close. at so. 10Y anu
Ine specially weak features were Consolidafed
Gas. which was q, ne timr down a. Mo-
haitian, which rec dAi points, and ~ugs1 vtbirb
fell be ow erday's close after q opruino ,.t,,
under pTessurs of neavy liquidation and ret,ai aI
there al DAY metropolitan sire f{allwa, do
cined IA ana scored almost a fuI lrcoyeIv
Uthelwise the heavIHe OF stocks and thr 4 a,,i a
dec ine were quite UNIFORM throughout the lie
fractional 10 ses being the rule lie dealings H.,
active securities in small 10 continued In ha q,
feature. he high grade investments were Tho
favOTites.
The b3rd mark ct show dec ded decrea,e in
activity 10 day, the high-grade issues confirming
improve. but some OF the speculative DO. d.
showing losses TOtai sa.es So, 230, COO
CniJed >tates YES were IS BID. Total sales Of
s;oc 5 o-dsy 800 90, inclu ling: Aichison pre-
ferred 6025 BuriBgtoI 1900, Louisville and
y asfville 673i, Manhattan /, ,2Z5. METROPOLITAN
Traction $3.50 Missouri Paoitc So40 N..w Jersey
Central 9815, hern Pacific l9, $50 do pre-
ferred 10 $40, Reading 4735. Rock sland 81 g.
ST. Lous and san francisco second preferred
4S3a, > aul % Is -, sou. h-rn Railway preferred
1885, Onion Pach; 764Z, Chica~o & eat = es er1
1876 Peorle's Gas l6,2lS Consolidated Gas
4791, Suga ar IS, ,542.