The San Francisco call., 1897-02-09
NEW YORK MARKETS.
Financial.


NEW YORK. n. Y, Feb. S-Considering all
the developments durng the days session at the
Stock Exchange the markets for securities held
up rem arKably we'll. The news and rumors were
well calculated 10 mark depression, but except in
the of the industrial group the bears m ade
but little impression upon values The first thing
that gave operators for decline courage was the
receipt of lover quotations and of selling ord ers
from London. Then came the State Senate inves-
tigstion com nlitlees inquiries into The affairs of
the sugar trust which invited an attack upon
that stock under which 1t broke nearly 8 per cent
to lll3s A block OF the STOCK. which has been
hanging over the market for many days was dis
lodged by the decline. Tobacco fell ls4 to 7I14
Lea ther preferred IA to 81 II I'm eriCan Spirits
5s TO 1914, and prefe. red 1s to 321A In the re-
nainder of the list the losses only u to per
make ca pilal out OF the vague rumors concern
ing an alleged disruption the Joint Traffic $50
citation. rhe Growing effort of the bears how.
ever was a cunninsly devised statement that
feet had been ord cred to Cuba to release Ameri-
can prisloneis The denial of this sensational re-
port came so promptly from w Washington that the
lDs.igaters unable carry into execution
their purpose of breaking the market, and in he
last hour they were running In lively fashion TO
cover their shorts. Sugar moved up over two
points. rising to l1312. other stocks recovered IL
10 1s per cent fro A. the lowest the latter IN
Leather preferred. Manhattan. metropolitan Trac-
tion and General Electric were noticeably weak
and yielded "a to J per cent on compararivev
light offerings. 1t had been supposed thai Gen.
eral Electric would be benefited by the official
statement that the company had secured the CON.
tract 10 equip the surface lines recently acou red
by the Metropolitan Traction Company win the
underground trolley. The days operations re.
suited In a n addition to the outstanding short in
Ierest. Specu alton closed quiet and frmer n
tone. Tne transactions aggregated la6e77
shares, including $4,000 Sugar, TO- 500 Leather
preferred, TO- 3OJ st Paul, $500 Burlington and
1000 Amertr an Spirits. Net changes show losses
OF 14gl14 per cent Tobacco leading.
Bonds were Irregular, but IN the main firm
sales footed up $l,524,0U0. American SpiriTs
sizes rose II to 70 "a. Broo&I Iyn Warehouse I az
TO Ss14; Erie hrst consolidated 214 TO lab: Lake
Erie and Western frsts, IA 10 ii 5: Long Island
dated fves certificates 81 to 761b and TItsh
southern general Sevens certificates 41H to 7sIL
Chicago aud Northern Pacific fives Ger fiicates Iii
to 2; chicago Gas firstz, % 80; Northwestern
and Pacihc skies, 112 TO III and Standard Rope
and Twlne inc ONES, TO 81. Standard Rome "a
TwIne sizes advanced ! TO rs, but later broke m
1914, with subsequent rally to 75.
In Government boa ds $4,000 coupon iours O.
1928 sold at 12212.
Grain.
FLoUR-Dull and steady. Winter wheat low
grades, 81 30@3 30; fair to fancy, SO 5O@4 60. do
patents, 81 7505; Minnesota clear Ss 60nz
90 straights S4@4 AS do patents 50 lOs64 g5.
low extras S2 30@3 80; City Mills. S4@5; do
patents, $5g5 %; Rye mixture, $3@3 90; su.
pertne, Sz@2 80; fine, 81 sO@2 O5 "
southern hour, qule., steady common to fair
extra So S0@3 80: good to choice do SO 75G14.
Rye -four, steady, quiet, at So 60Q3.
81 9O02. IL
RYE-Dull, frmer. Western, 4o1.c, C. Buf.
fao. " - Dui
BARLEY- Quiet. easier; feeding 2s1.c, c. /. 4.
Buffalo. " "
WHEAT-Dull. easier, closing steady. M .
red f. o. b., 95$s9951 12c; ungraded, 7o(aS3c; No,
! Northern, Ss@S9c.
Options opened weaE and declined 1sa1lc with
the West rallied $50 1sc on decrease stocks.