The San Francisco call., 1897-06-10
NLw YORK EXCHANGE.

NEW YORK. y. y June g. The stool, mar
ket showed heaviDess at the opening, the leading
railroad socks being decidedly lower The
grsng' rs were affected by fears Of crop damage
Extensive realizations in sugar depressed that
STOCK point, but rally quickly followed The
industriais generally displayed a fairly firm
front.
Supporting orders soon appeared in various
shares, which stemmed the selling movement and
led 10 higher range OF values. ugar wrs largely
dealt in, ana rallied TO 1899
Inc bears made a de- termIned attack after the
hist hour OF trading, ard were successful in bring
ing about general reaction. oDacco oomed
INTO prominence toward midday and Jumped 2la
EncouraSed by lower London market for
Americans and moderate selling for foreign &C
count, the bearioh room traders attacked the
SLoch market with some vlgor in early dealings
The net results Of their operations were not mar
ucuIariy hattering, for their offerings readily
EusoIo u as were those for foreign account Deal
lngs were upon q somewhat smaner scale than OF
late, but fair distribution OF interest was evident
nc SOltIh uaIloh OF the unreasonable weather
throughout the country had a genera tendency TO
restrict activity particularly in granger shares
ne CuDnn situation was not an Rpprecab factor
In spe culatlon and IL is becoming recognized that
the administration is not going take any but the
most carefully considered action At the same
time ne question is 81 i'll referred 10 as containing
posi- lllies for mischiefmaking and in an inde6-
nite sort OF way its influence IS also restrictive
we tern Union consp, ,cuous feature IN the
market and its decided strength was svmpatheti-
cally reflected in the general market Tne com
paHy's statement for the quarter showed an esti.
mated increase IN earnings OF 81 49. 500 or more
than 10 per cent IN comparison win iast G ,lar
wrIch, together with evidences that lbe refini1p
industry VIII be adequately protected on fhe
tarih. gave tone of great frmness to that stock
In afternoon dealings the hesitation IN ear Ter
trading disappeared and the whole market BE-
came very strong ana more active Notewort nv,
advances were scored in number of iustanceS
Northern Pacific and Oregon Navigation heinz
conspicuous examples The closing was fafrI1
strong. Government bonds were steady and nm
changed Railways were strong Among he
noteworthy advances were; Northern Pacific gen
erals. threes, 3s 10 5514: Oregon Short Line
Union consols, tIust recepos, 21s to 773a
Money on cal 19l14 per cent: time money-6O
aud 80 days per cent, lour months zla per cent
six aud seven months per cent: nine months
31a per cent good mixed Stock ExLha lpe
collateral Prime Endorsed bills receivable ga
5I2 Ter cent: choice and prime sing.e names,
312@4 per cent; GOOD names. 4@o per cent.
Posted asking rates for sterling, "a S6L9 for
long bills, $4 SS for demand. Actual rates, long
bills, 81 86; sight drafts, 81 81; cable trans
rs, Cd S7lA Domestic exchange New
York and San Francisco, sight 1712c premium,
telegraph 20c premium.
Money in London II per cent. Rates Of dis
count IN open plarke. for both short and three
months bills 1915 per cent. Amount OF bullion
Withdrawn from the Bank OF England on balance
to-day was 100000.
The weekly statement of the Bank of Germany
shows cash on hand decreased 8, 9SU 900 MARKS;
treasury notes decreased 400. 900 marks