The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-08-10
NEW YORK MARKETS.

NEW YORK. n. V, Aug. 9-The stock mar
ket showed signs of strength at the outset to-day
but soon became irregular, owing 10 the reaction
in Manhattan, which fell per cent sugar also
broke equal amount The prices of the rail-
ways, how ever showed hardening tendency but
the changes were slight.
he heayin, IS of ugar and Manhattan soon ex-
tended TO the remainder OF the list, with the pres
sure quite severe against the gra gers. The
Sous rea he'd point in some cases. The Wander
bits figured COnspiCuously in the break, with
Illinois Ientral and New y ork central very heavy
Al j o'clock the mark ct displayed a somewhat
i'm proved tone and some ocks stiff-ned sharply.
brisk demand developed for the lOw-prced
stocks, especially the southwestern group. Atchi-
son prefer ed rose materially. The market gem
orally d splayed buoyant tone, in which every
thing on he list parciIated TO u greater or less
extent Sugar recovered nearly all The early
break, and Manhattan rose above Saturdays
close, which was 1867.
De alin&s in for foreign account to-day were
upon very large scale ana on both SID of
the account. 1t is estimated the sales exceeded
purchases by small amount e mixed char
acter OF foreign dealln S were accounl ed some
what disappointing in view of the apparent turn
In their tendency on saturday, and some anxiety
was evident as 10 ne effect upon the markets Of
the assassination OF the Prime Minister of Spain
The anxiety was soon dissipated by European
cables reporting the markets unaffected, and after
& brief period at rhe opening when The tone OF the
general arNet uncertain he whole list de-
veloped decided firmness and new high records
were established in a number Of cases AdvIces
regarding the crops aud the grain movement were
agai entirely satisfactory.
/ he money market showed a tendency ard
frmness Greater firmness in money will new
tauiy be reflected In fur her decline OF the
foreign exchange market, and indeed such a move
meDt was foreSnadowed Today. Realization of
Tr fits WAS exceedingly heavy throug hout. and in
the afternoon numerous sharp recessons in prices
showed that for a time liquidation in excess
of The buying power There WAS uothinG whatever
in the news OF the day TO explain the re act on
Dea in IS were on argsr scale than those of any
other day in the present movement in both the
stock anu bond divisions or the market he
activity well distrI butte throughout the list
with granger shares, sou hwestern stocks, Man
haitian. Northern Pacific and anthracite stocks as
tn leading features
Increased dealings Michigan Central reflected the
lnteres. in l repJr.ed uiect Tor the funding or
some $4,000 0OU OF the ConpRny's bonds matur-
ing in 1912, Sc. O0UUUO OF which bear per cent
interes,, aud the particularly spirited advance in
Lack wanna was referred to he beginning of nego
tlations OF similar character In spite of the
severity OF the reaction, net changes on he day
were very irregular and The general price average
was not materially disturbed. Government bonds
quiet and unchanged. haiwas AM miscel ianeous
bonds advanced AL along the line and dealings
were very heavy
Call none l@l12 per cent; time money-6O
Gays 2G2H2 per cent; 80 days 3 per cent: four
months, 1903 12 per cent and i've 10 six months
3Hst9i per cent on good mixed Stock exchange
Collateral Domestic Exchange GU New YORK
San francisco sight, l5c premium: telegraph,
16c Dremum