The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-08-06
NEW YORK MARKETS.

NEW YORK. n. V. Aug 5-The stock market
opened irregular, but the tone OF the railways
was rather off Erie first preferred con-
spicuous for a decline Of ~ per The indus
trials for the most part showed improvement.
Sugar gained So Then the bears made con-
certed attack sugar and were rewarded by a
decline of points to 14412. which was subse-
quentIy recovered on the announcement of ad-
vance in some grades of the product.
The ressure against the general market soon
abated, and under the leadership of Tobacco and
the grangers values lmp proved substantially.
The indusrials were the features of the market
Commission-house orders were largely in evil
,dence. Tobacco rose almost per cent from the
lowest OF the forenoon. Lead also made sensa-
iional advance to 3912, as COMPARED with IS, yes
terday's close. Sugar less active and fell II
tc 144 r. DECIDED renStn was hahliesL ID me
inactive speculative list, partc ulariy National
Starch fr-t preferred, which jumped 5A per
To 66.
sharp reaction in the grain market to-day
simultaneously met with SINH ar tendency In
tlngs the stock exchange. I his goes TO show
the interdepe ndence of the two markets. Particu-
larry favorab e statements of earning, were made
to-day by the Louisville aud Nashville, Southern
Railway, Missouri Pacific, Chicago Great Western
and Chesapeake and ohio companies. The show
iugs of increased prosperity were reflected in a
tirmer for those stocks than for the others
without any specific influence resulting there
from In addition to the stocks named New ork
Central, American Tobacco, Lacieds Gas and
anthracite shares showed decided strength. AL
thou the wheat market failed 10 rally appreci-
ably through the day. the stock market in he
afternoon developed a trmertone aud there were
general recoveries fr m early dealings
Comm ssion house buying was the supporting
fac or on the market throu bout the day, aud the
early pressure was that sulting from foreiS n
selling and from traders selling, together with
such amount of realizing might have been
expected on such broad market Transactions
were again on a large scale and well distributed
throughout the stock and bond divisions. Further
sharp declines in silver bullion to he owest prices
yet, with more pronounced ease in foreign ex-
chang and a tendent TO greater firm ness in III @
money mar ct, were the features of the outsid--
situation. Government bonds frmeE Railways
strong.
Money on call LOLA per cent; time money-6
TO 70 days per cent. 4 months IA per
cent, 10 months s per tent OH good mixed Stock
Exchange collateral. Prime Endorsed bias receiva-
be. 3i2a334 per cent; choice prime single ames.
3S4@4 per cent; good names 4G41a per cent
Posled ass ing for sterling, "a Sblls for long
bills and $4 S712 for oemand. Actual rates: Long
bills, "a SO 12G14 $3.50: sight drafts 81 S61aG
"a 1864: cable Transfers "a S634@s4 S7I5 DO
Inestic exchange on New York: san Francisco
sight, SC Premium telegraph, 171ac premium.
Money IN London, A@12 per cent. Rses dis
count in open market both shorI and 3-month bills
1916 per cent Amount of bullion gone into the
Bank of Ing and on balance to-day, 10000.
Bank of England minimum rate discount I'M
changed at cent. Tn proportion of its re-
last week, and 1884 for the SAM week last year.
I be weekly statement of the bank shows; Total
reserve decreased $4,000 circulation in
ased 4529. 600 bullion decreased 1882, 1874 pu b.
lie deposits decreased $4,000, notes reserve de-
creased 41,l3AOOo, Government securities de-
creased E3UO0.
The weekly statement Of the Bank of France
shows: Noes IN circulation increased 25,725f
treasury accounts current decreased is. 3I5OO0f,
gold hand Increased 90U DOOR, bills discounted
decreased A. 200. OuOf, silver on hand increased
1,625 0O0f
Wheat and Flour.
WHEAT lO:So Hoo 1900 ] 90 gao
August ......... S4ik S4-e
septem ber..... "a s41s salA s3s4 s2s4
Iecember...... "a s41s 1914 $685. S27s
spot less active; 1. D. aroat No.
Northern spring New York, S9c; NO. hard
winter S534c; No. red. new, S71ac-
Future closing: Angus, 81 1ac: Septem Der,
S2Ac: October. S214c; December s2Jsc
LOUk-Spring in bbls: No. 2 extra, So 15@
25i No extra, So 45@3 Is; straights So@
25; patents 81 50@s4 70.
GRAIN FREIGHTS-New York 10 Liverpool