The San Francisco call., 1897-06-25
NIw YORK MARKETS.

NEW YORK. n. Y. June 24-The stock mar
ket opened strong, but sagged below ester
days final figures rea izing orders ano sales most
markedin the specia'ties The absence Of any large
commission-hOuse orders, coupled with renewed
demonstrations against individual stocks by the
bear contingent, gave considerable impetus to the
selling movement and depressed vatues Of a few
shares severely Sugar did not show great activ-
ity, but moved down In sympathy with The gen.
eraI list
There were no convincing evidences tba. the
upward movement in the stock market has cu:-
minated or is on the eve of cul m nation. Prices
advance steadily, II gradually and daily a higher
average is established. since The turn in the
market began there has been pronounced dearth
Of news of any kind to which the advance could
be directly ascribed unless the progress Of the
tarin revision, growth OF crops and trade revival
be held sufficient
Te-day's market was strong ana fairly active
with interest again most largely express ed in the
granger shares. Favorable develop ments were
iurnlsnea by the agreement Of the Trunk Line
Association 10 restore westbou nd rates and The
s'stement Of the 1T Paul Company .or The third
any period since 1888 Foreign dealings iI the
market were not on large scale. arbirase houses
being buyers at the opening of business and later
selling much or more A further spirited ad-
vance in Chicago and Northwestern made that
stock the feature OF dealings. Rock Island and
Burlington and Quincy also showed de -ided
strength In anticipation Of favorable statemen s
for the month of May
The strength of anthracite is unexplained ex-
cept through sympathy with the genera! list
Among the speciaties Bay state Gas advanced on
the different classes Of security-hocers. and in
creasing interest was apparent In Oregon short
Line and other lower-pliced stocks. The proba-
bilitieS Of the shipment of small amount Of gold
on ia urday had influence on the market
Government bonds rong. Railways strong
Money on call 1@2 per time money
80 days per cent, four months IA per cent
five months 21z per cent seven month"; 3 per cent
on good mixed Stock Exchange collateral Prime
Endorsed bills receivable 3 per cent: choice
and prime single names. By per cent; good
names 4@412 per cent. Pos edsasxin rates for
sterling. 81 81 for long bills, 81 8S12 for demand
Actual rates. long bills, 81 S61404 S6La; sight
drafts "a S714@4 S71a: cable transfers, S4 S7lA
O. S7S4 Domestic exchange on New YORK and
San Francisco, sight l71ac premium telegraph
20c premium.
Money in Lonoon "a per cent Rates Of dis
count In open market for both short ana three
months bills, 15-1 oQG1 per cent.
The Bank Of England statements show: Total
reserve increased, &67, 600; circulation Increased
92lo,000; bullion Increased, EZS3 lbS; public de.
posits increased, G6S4,OO0; note reserve in
creased. FL 1000.
he weekly statement OF the Bank of France
shows: Notes in circulation decreased, 81. 625 600
fr mes; treasury accounts current increaset a.
926OOO francs; gold on hand In reased g. 81 {, 600
francs: bills discounted decreased 81 800 600
francs; silver on hand increased 1926, 900 francs