The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-09-30
NEW YORK. sToCK MARKET.

NEW YORK, n. Y. sept. 29.-To-day's stock
market stin further demonstrates the changed
character OF the speculation and the entire sub
sidence of the recent rampant bull spirit. The
bears were more aggressive than at any time
heretofore and met with scarcely any opposition.
They seemed some what apprehrnsive over their
success and bought quite steadily. The re-
suit was 10 nane net Changes quit. Irregular But
the largest fgur the side OF the iossc S.
The bears succ eden in dis.odgng number OF
stop-loss orders OF weekly nrargined speculative
holdings, and there seemed to b. more long sell
Ing than has been the case heretofore
The declines extended to from one to four poln IS
and with very few exceptions. affected every
active stock on the list Ihe bears we're appa-
renty satisfied realize short turn and not
leave accounts open over night. IL was notable
fac, however, that whatever animation was
shown during the decline. aud he r cOvery
was slow and hating and on much dIminished
volume of trading. h cenIers of bear attacks
stocks such uncertain va ne sugar,
Chicago gas and the local gas ,tOcks, which have
lately proved so easily sut ject to naturalization.
The evidence or reactioGary tone OF the Specula-
uon shown in the ready credence given TO all
rumors of an unfav6rable Character.
In the sane way as the improvement in BUSH
ness early dis, oun ed In Wall street future
possible contingencies are now largely taken &C
count OF. The sensation of the late pool Duv ing
on large scale calls attention to the large amount
OF stocks which are spe' u ativeiy held and 10
what would ensue from an untoward incident that
would precIptate sharp decline and bring flood
OF selling on falling market Such occurrences
as those Of to-day do much 10 eliminate these e
ments OF weakness and are creating short in
tefest which would be a stimulant upon any oc-
CurreBce OF a bull movement
London continued to show disposition to put
money into American securities on any decline.
incident OF The day the lowering of the
actual rates Tor sterling exchange Il aud tall In
the Paris rate OF exchange on London. Each OF
these incidents indicated a recurrence of the pre-
sure of The deman1 on London for gold. Near the
close OF Trading on The Exchange 1t was reported
that one were made OF call loans at per cent
but slight sign hcance was attached To the offer
ings having any bearing the money marke ct, in
VIII Oh rates continued firm. The m4rK-t Closed
generally lower.
The bond market did not Weld so readily a.
stocks, but prices OF The most active issues de
clin-d sharp fraction United states fours cou
pom 1907 advanced rs. Total sales S20Uo,OO0.
Total sales o. STOCKS to-day were 49l 500 shares
including: Atchson 1880; do preferred i, FOB
Chesapeake aud OHIO 1865 Burngton 5272O
Louisville and Nashville 1879, Nanhatt an TO-
$50 Missouri Pacific $500, NJ. X. and 7. preferred
1910 New JERSEY Cei ira 3l4p. y CIV ork Cen
trail 1908, Northern Pacific $3.50 do preferred
ZOO, northwestern $3.50, ontario and Western
1850 Reading 934 ?, Rock Island % S13, ~. Pau
extra dividend j, $50, st Paul and Omaha 81 81
Southern Railway preferred 1868 Union Pacific
2l,590 L. p. h. and 6. 3 Z15, American Tobacco
1888 Bay State Gas $3.50 Chicago Gas 81. 205
General rlectric 1878 Lead 4SlO sugar 1850
l. {. and L 4S07, United states Leather prefer red
1926. United -taJes Rubber preferred 3 a. West
eTn l Mon u,45O, Oh cago Great " esUern 1865.