The San Francisco call., 1897-06-26
NLw YORK MARKETS.

NEW YORK n. y. June 25.-1he bulls were
in control of the share speculation up O'clock
and although there was free realization at the top
level the offerings were well absorbed and values
improved steadily for the stand ard shares North
west was the special feature and touched llS1l
The industrias displayed strength, except leather
preferred, which rescted fractionaly.
Rio Grande Wes preferred, which had been
ruling at 35 bid dealt in at 39LS Marked
hrmness was also apparent in the Vanderbilt aud
Gould groups.
Stocks which have Jagged in the current specu
lation were dvanced materially in the hour be-
fore noon and purchases for the long account were
made with considerable confidence.
Evidences OF irregularfty noticeable in to-
days stock market, but beneath the surface the
tone was as firm b reUofore The market
opened with aggressive strength throughout Ihe
list and some of the highest prices of the present
movement We're recorded in early dealings. There
after realizing of profits was on a trgmendon.
scale and the volume of selling was large enough
to cause the mar et TO hesitate, though, MS noted
II at no time showed any inherent weakness
There was nothing whatever in the DAYS news 70
account for any changes in the tone which an
peared from time 10 time The DAVIS enga sements Of
gold for shipment Tomorrow reached So, 800 600
maKing an aggregate for the week of a 500 OOO'
but the Shipment did not seem to have any de-
cided influence on the days trading. Although
rates for foreign exchRn-e weakened somewhat
after the conclusion OF the engagements, foreign
bankers were disposed 10 LOOK for further shin
ments during the next fortnight According to
present indications the export movement Of gold
should cuIminate after July Is.
For many previously tied reasons the season,s
without the usual effect upon he sock market In
all probability q return movement Of the metal
may be looked for in October, and importa ions
then made will do btless be excess of he total
which has be n shipped this spring aud summer
Sucn reactlonary tendency the marAet dis
played was the most pronounced in the granger
shares, where The largest speculative Interest
logically centered. The selling of these stocks
was not based upon any unfavorable news from
crops, for while wheat advanced the rise was due
only 10 the large present and prospective demand
and not to any premature reports OF crop danaee
of any kii d. IndustriBls fl N, with the excep-
tion of United states Leather preferred which ia
weak on the adoption of the duty on nides An
thracite coal shares weakened, despite the belief
that selling prices would be advanced July J.
Sugar Refining developed pronounced strength
and activity on reports that agreement on the
sugar schedule had been reached.
Government bonds steady and unchanged Rail-
road bonds strong.
Money call I9194 per cent. time money
80 days per cent, tour months IA per cent
five months 21a per cent, seven month"; per cent
on good mixed Stock ExChange collateral Prime
indorsed bills receivable, 3 per cent? choice
and prime single names, 31s per cent GOOD
names, 4(G412 per cent. Pos ed askfng rates for
sterling, 81 SO for long bills, 81 SSLz for demand
Actual rates. long bills, $4 S6iA@4 S61z sight
drafts. 81 S114@4 S712: cable transfers "a S71h
San Francisco, sight 171ac premium, telegraph
20c premium
BradstTee s reports 81 5 failures during the week
as ;ainst 2lS for he corresponding week a year
ago.
Money IN Lonoon "a per cent Rates Of dis
count in open marked for both short and thr.e
months bills per Amount of bullion
gone into the Bank Of England balance to-dsy
$4,000.