The San Francisco call., 1897-07-14
NLW YORK MARKETS.

NEW YORK, N Y, July 13-Sugar RefiHing's
errattc fluctuations again TO-DAY the fear uIe
of the STOCK market. The announcement WIS
made in trading of the failure OF Decker
howell d Co., understood 10 have been operating
for the bear account in certif ates. AS thi firm
was reported over three weeks ago to be in difi.
cultes the announcement caused particular
surprise. There was no fresh news of a definite
natbre from Washington regarding the course Of
the tar bill in conference but the only inference
that could be drawn from the action in certf ates
v as that the situation continued favorable so iar
as sugar interests were Concerned. The initial
quotations for certificates were at reaction tIom
Yesterdays clio ing figure, but there qucx
advance from the peaing 10 the highest price yet
attained on cover ng supposed TO BE- for an inn
portant in crest. The certificates continued all
day wi h wide fluctuations
The rest of The market was firm in the first two
hours Ii tied volume OF business but became
more active early in the afternoon, with coae ers
and granger shares particularly active. Coalers
wer affec ed by he decision of Justice Oh er,
that the procedur provided for in the anti-trus5
law. under which pro- e dings had been be. gun
against pr dents of the anthracite coal rail-
roads is itutional because IL fails to pro-
vide any immunity for wines es fiom the PENAL
ties incurred under act A contributory help
ful influence indications that the sof-coal
miners stri is benetiting the anth acite trade.
Granger shares affected by the continued
favorable crop news as well as the ger era4y bull
isl sentiment engineered because of the expe-
uiting OF the tariff bill. American Tobacco was
notably strong tariff expecl ations, closing at
about the best ices OF the day. London quota
.tions showed small declines, but the market
abroad reported apathet. c. with settlement
developments without significance. LohdoH
houses sold small amount of It Paul. Actual
rates tor sterling exchange nearly l-S2 higher
to-day on moderate rem1tting demand coming on
the market. Government bonds were
seady and unchanged Railway strong and active.
The features were: Brooklyn Rapid Transit fives
Chicago, Burlington AMI Quincy fours, Nebraska
extension, Fort Worth and kio Grande frs
Mobile aud Ohio generals, North 4rn Pacific grn-
Thirds, New York, >usquehanna and estern
ee eral, Oregon short Line incomes a, ,-oregvn
Improvement fves first Qnterest aid), leading
general tours, " Mnkesbarre AM Eas ern fr,ts
iAtchison, Chesapeake and ohio Standard Rope
and irvine issues.
The more important advances were in A tchison
adjustment fours, 3s per cent to 5U3s and general
tours, 3s TO S514; chesapeake and Ohio general
four ana half. Ia to 1875, and xes va to
l22: Chicago Burlington and Quincy fours NE
braska extenson), 5s to 941s; Fort Worth a
! 10 Graude frats, 12 10 5514; y. obile and Ohio
generals liz 20 691S; Northern Pacific general
threes 3s o So; Lrsson hort Line incomes A.
ia 10 614; OREGON Improvement fives firsts
Interest pd), to ~
Money on call lola per cent: time money-6O
days per cent, 80 days IA per cent, four month,
:-1s per cent, SIX months per ent, seven months
3 per on good mixed Stock Exchange COL
lateral. Prime indorsed bills receivable 3 per
cent: choice prime single g.. IN per cent: :
fcood names, 4a412 per cent Posted ask ing rates
for sterling, $4 81 fer long bills and 81 8S for
demand. Actual rates: Long bills, $4 S604 86Lz
sight drafts s. S7@4 S714; cable transf rs "a 57iA
d4 S71/ Domestic ex, hanse on New YORK and
San ran isco sight, II 42c premium; telegraph,
zoe premium
Money in London, ~ per cent Rates OF dis
count in OPEN market, both short and 3-months
bills, 13-l69B per cent