The San Francisco call., 1897-12-18
NEW YORK STOCK MARhEr.

NEW YORK, Dec. 17-TO-day stock market
was more or less depressed AL day, though final
prices were considerably better than the lowest
point for the day liquidation was not heavy on /
side OF n few special socks, and the sagIing .en
dency OF prices seemed 10 ue due rather TO an alb
sence OF active demand Some OF The recent nropi-
nent bulls bought stocks on a downward ale of
pr7ces but without any at; empt to sustain values
Manhatt an and New Jers y central continued to
be the rincpa. objects OF manipulation as WAS the
case sterday, and sugar continued TO show weak
ness, its decline from Yesterday reaching al one
time per cent. but with final rally, leaving its
net oss only fractional.
ia haitian traded in ex-dividend md xas
quitr fev rish up TO tue ma of the announce ment
o. the decision OF tn ap eIla-e on the
uhaeFgroIl rHpld transit plan This news VIII ch
Lad been discrcduei, caused the shor.s TO cover
The price adVan cling over points. with only a
fractional reaction afterwaTd. leaving a small net
gam Short covering, due To the came cause
helped metropolitan Street Railway, and there
wa, In addition report of business agreement
with the com peting com pany. The varIat ions in
New Jersey Central were dictated by the needs
of the shorts here was some conttnuto annra1
tension regarding the immediate future OF the
money mark get ana the time money market was
quoted al 3 per cent for thirty days and az nsp
cent for sixty to ninety DAYS
70 call loans 3 per cent continued TO be paid
nut the rate eassd on 10 z per cent in the fina
hour New York banks have gai ed on balance
during the week from the currency movement
bdt have OF heavily TO the subj reasurv and thr
c"ndl ion OF The SUI US reserve TO be shown by
to-morrow's bank 5, ement viii dep nd upon the
amount o loans which nave been called Tn re
was i'p AuAAuet Ia III Slet-iDg exchange tO-da
but yeStefday' s suFr . dec !. Iere was feh-ct
IN stnenihg OF the LONDON disc cunt rate 10 Az
per cent, which IS IA per cent above the Bank 81
Eng audis minimum rate
Confde nee expressed that The redapor,io,,
by the Government of the currency skies beg. n
ming next Friday would serve al safeguard
against stnngrncy in The money marRet Rut
there IS much room for uncertainty as 20 what
amount of these b 5nds will be presented for re-
demption before January !, when they matnre
The next payment If Union Pacific purchnsa
money into the treasury S to be on Decem ber ~
the amount being bout 50, 800 90 tue final nav
m eut OF an equal amount falling due on Januarv
D. In addit OH the usual heavy accumutarfon
OF funds preliminary the January dfsburSe-
ments OF dividends and interest is TO be reck oued
with.
As a result OF the rally before the close of TO-
days msrke net losses are la most i'm portaDt in
stanes reduce 10 fractions the notable exceptions
on ne side of gains having been ready iudica et
Soms Inactive stocks show losses from l TO per
cent
marked falling cff in activity in
the bond market and some issues snow loss
Union Pacific 4125 declining three poihts Total
sa es. $l,75U, 900
Government 90 IDS steady and unchanged
1otal sal OF STOCKS to-day were 3o9, 300 shares.
including: Atchison preferred =, ,659, Burlington
30 9+5, ouisytlle and Nashville 1850 Mannat IN
3O.467, Metropo itan street Railway 4034 Mis-
sourl P9c1fic 10 465, NJ X and r referred 3o1],
New Jersey central 1861, Northern Pacific 6649.
do preferred 21S32. heading 4lsO ST. Paul 26,-
no southern Railway preferred 600, Union Pa
cihc 5565, American Tobacco S4o0, Chicago Great
Western o9oJ, Peoples Gas l2,70U, sugar 66.5oS.