The San Francisco call., 1897-02-27
NLw YORK MARKETS.
Financial.


NEW YORK, n. y, Feb. 26-Speculation at
the Stock Exchange to-day turned upon the par
don OF Sanguilly by the Spanish Government
The Importance of this news was not apprecja; ed
by the general run of traders at the start but
when 1t became known that the event was likely
10 stife any attempts ct iingoIsm in the Senate a
more cheerful feeling pervaded sock circles
Business, which was decidedly suggish during the
morning, resumed fairly good proportions in the
afternoon when the tone became strong and
prices advanced all along the line. The dealings
were weH distributed, bo.h the high and low
priced stock showing great Improvement AS
usual when The shorts attempted cover the
demand developed a small floating sppplv of
STOCKS and It was; therefore, not surprising under
the circumstances. that advances made rapid pro-
gress The fact that houses with Washinpton con
nectlonS were among the principal buyers was re-
garded as slgnhtant and iainly slim ulated the
upward movement "
Consolidated Gas scored the ereafeet advsnca
selnng up o42 points to 1897, on reports from
Albany thai tue agitation for a reduction in the
price OF gas would prove unsuccessful at the pres
ent session OF the Legislature Lake shore rose
212 TO $50, the highest figure ever affirmed The
demand Tor the stock is attributed to the fact III at
Sne Gun pahy VIII De ape TO refund its per cent
bonds into lower rate security probably a d ner
fefred %fs, Jersey Central PA and the remainder
or the list "A TO ia per cent With few excep-
non donS 1ne hnal quotations were the highest he
oay, ana speculation closed strong, with an ad-
yancing tendency. The total transactions were
153.O55 share 5. ~
he dealings during the last hour of business
aggregated an amount almost equal to the sales
Tor the previous four hours. Net changes show
gains OF IA 10 3 per CEN. -'
Bonds were stro ~ Total sales 81 7O2 OoO
Galveston, Harrisburg and II Henderson fives ros !.
2, TO 81; Houston and Texas Central CONSOLIDATED
skies, l12 10 ia; Kings County Elevated 6rsts
l, To 4Si Peoples Gas or Chicago first sizes aTL
TO ITO; Reading first preferred ia to 443I 90
thirds, rs, TO 325s: ST Joe and Grand Island
fits skies, rs, to 497s; ST. Paul consoidated
sevenS 42, TO 1873; southern Railway fyes "a IN
903s: Tennessee Coal and Iron Tennessee Trvie
. sion SKIES, 2, TO S5; Utah and Northern sevens
3, 10 lit, aud Western Pacific first sixes / To ln3
In Government bonds $4,000 coupon fours of
1925 sold at 1225s@l223l ana $1,000 regis: cred
fours of 1907 at l12.
Grain.
FLOUR - Steady, quiet, unchanged, Winter
wheat low grades, So 3094 80; fair to fancy
81 1904 90; do patents, "a 6O@5 Minnesota
clear $S 5Utq3 90; DO straghts, $4 25 C14 S5; do
patents, 81 1904 S5; low extras. 81 SO@3 80:
City Mills. saga 81; do patents, 50 sO@5 %; rive
mixture 81 9U93 so; superhne, S2@2 50; fine,
81 b0@L2
Southern Hour. quiet, unchanged. Common 10
extra, 50 2003 so: good to Ihoice. 50 6O(G4
Rye flour. dull, steady, atS2 5092 IS.
i s6.
RYE-DuI, steady. Western, 371z@571A C +. Z.
Buffalo: Al c. l. f. ~ ew York
BAkLEY-Quiet, firm; 2614c.
WHEAT spot market dull, easier closing
steady; o. b. SS7s; ungraded red, 74@S9c:
No. Northern. S456c.
Options opened weak and declined 1A03Lc on
easier cables foreign selling easier West ana Iocai
realizing; rallied IL a 1sc on local covering with
the West, but declined 1s@zsc on Iiqu elton.