The San Francisco call., 1897-09-28
NEW YoRK STOCK MARKET.

NEW YORK, y. y sept Y. - The stock
market to-day showed very marked falling of IN
activity. the total sales # stocks reaching only
$4,000 shares. The diminished activity in
part due 20 the observance of the Jewish New
Years holiday by many brokers and operators
But there was besides disposition the part of
many large interests winch have recently been
act We in the market to stand asi Tor the time
being and allow prices to take their own course
The professional element which has now very
general V espoused he bear side was not acl i've
to-day. Prices after the opening in SYM
pathy wi b The quotations received from London
and there was Duying also for London account
here.
Later some traders rrofessed to be disappointed
at the size OF the increase shown in The August
gross earnings OF Omaha aud that STOCK was sold
down Sharply. me decreased IrelEht u nnage
shipped eastward from Chicago last week
a.>o used argument Tor a depression of
prices hock island was one OF the stocks under
special pres sure. The market receded below Sat
urday's close under these influences, 50 that the
extreme advan es during the day cons derably
exceeded the gain. All he general news
tinLed to favor ad vsncIng price, and. free from
pressure, the marAet advanced IN the afternoon 10
the highest point Of the day. The money market
continued TO attract the greatest share OF interest,
the fuJ course of specu is felt largely
depend on the supply OF money
1he tone of The marke was somewhat easier O.
day, but owing The animation the
stock market Lnere was little demand. shipments
or currency 10 the interior continue ~ large vol
ume, and it is believed this demand will hot be
ex haus, ed for time yet II Is believe that
Iu'ther COhIFhctloh OF loans 10 coLslueraoe
amount Will ne necessary to provide against with
drawas Tor use in the interior In looking for
relief from possible st tingency to the imports of
soid, II Is felt that the comparative OF the
London money market must be considered as in
some sort fictitious, the rate being down with the
purpose OF aiding the Indian Government N float
ing its loan Russia and Austria II ungary
tInue in active competition for gold, and there is
large balance 10 the Bank OF England which
Japan has the power to withdraw.
London, In fact, iears dear money, and 1t is be-
lieved Withdrawals tof gold on a large scale tor
shipment to the United States will preciptta:e
sharp rise IN the rates Tor money and would thus
induce the Jumping OF funds there by American
creditors unless the increase in money rates hei
sufficient 10 counIeTaCt This ondtion. The
tore osure sale OF Union Pacific and the with
which 1t VI nsceSsitate. is d matter hat looms IN
the perspective Of the money -marke. sit uatiOn.
L nder these conditions 1t IS believed there will
not be I'm mmediGtely aay sucn resumption of ac-
tvity IN stock specn lation as has chArac. eriZ d
The market for many months past. 10 day s 10 =
active shares, consolidated gas rising Az and
sugar 3.
Ktflway bonds declined early in sympathy with
stocks, but recovered later. Total sales 80. .5UO-
900. Uhited states fours coupons Of 1897 ad-
ysnced IA bid.
Total sales OF stocks o-day were 373,8O5 shares
including: Atchis on preferred l,273 Chesa-
Jea,e and Onio 81 8, BurlinstOH 26. 92S, l. and
y. 1880, Manhattan $40. Missouri Pacific $3.50,
NJ, b and T. preferred 7U20, New York Central
-622O. Northern Pa tic 43O, do pre- erred II, rs
Northwestern 66l6. Reading J, 500, Rock Island
2127S, st. Paul %, l50 81. Pau and Omaha 62S5.
Southern Ia lwHy preferred 7s46, Wabash pre-
state Gas 4224, Chicago Gas 5. $780, sugar 81, $50
i, [. ana l. 4450, Uuitei StaLes Leather preferred
34l0, Western Union $3.50 Chicago GI eat West
ern SS52