The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-08-05
NEW YORK MARKETS.

NEW YORK N Y, Aug. 4.-The bullish feel
ing was again in the ascerdency at the opening of
the Stock Exchange to-day. The leading railway
shares rose a fraction all around animated
dealings The Indstrals stronger, sugar i'm
proving "a. Northern Pacific stocks opened
slightly of but soon recovered.
The STOCK speculation assumed more buoy ant
tone after the opening, the Improvement extend
ing o ali departments TIE Grangers we're
heav ilv dealt in and good demand was evident
tor some OF the usually inactive southwestern
shares he volnme of trading was large Sugar
aud Chicago Gas gave way sharply on prof.
taking, but soon recovered
Steady realizing orders, coupled with vigorous
attacks by the bear faction, depressed some stocks
below yesterday close, sugar and Chic igo Gil
comm ssion-house orders 1t the low level and in
side purchases caused substantial rally during
The fifteen minutes preceding midday, in which
top figures were reached in a number OF shares.
New ork Central rose 5s Gains of 112 10 per
cent were $50 made in less active stocks, incIud
ing Erie.
The bond market participated in the General
strength with trading heavy. The speculative
is 'ues were in most request and we're helped by
foreign purchases
All granger shares sold to-day at the highest
prices recorded for number of years. In the
general market there were new high records in
several instances. The undertone YVES very
strong. but in the tone OF the market, however, a
certain sfeversbness was apparent and the days
advances were not made with the ease which
characterized yesterdays market. This by
no means remarkable, however, when the almost
unDl oxen advance OF the summer and the par
Lieu arly rapid advance of the week are consd-
cred. In addition the reaiz ng of profits
large scale, which might reasonably be looked for
under the clrcumstan ces foreign selling was ex-
Ceeding heavy the market, aggregate of
over $4,000 shares being reported for Foreign &c
count he general situation was REINFORCED to-
day by 112c advance in wheat and the continued
large eng gements OF that cereal fer export Lack
of rainfall III the parched districts of the Central
Western states was encouraging TO the holders of
securities OF corn-carrying roads.
The declining tendency of the foreign exchange
market continued and money call was in free
supply az l per cent A better demand. howe yer,
reported for time loans In respect to activity
the stock markei was well up to yestei day level
and dealings showed even greater distribution
OF interest. The mot noteworthy advances were
Consolidated Gas, American sugar and AmeriC an
tobacco, the first two being among the stocks
which established new high records New Yor
Central anthracite shares, leather preferred and
shares, Chicago and Great Western, Kansas and
Texas and southwestern stocKs generally were
active on the volume of trailing The best prices
of the day were shaded in final dealings but the
under;one very firm.
Government bonds easier Railroads active
Money on call l@lA per cent: time money-6O
TO rs days per cent, 4 months 212 per
cent to months per cent on good mixed Stock
Exchange collateral. Prime Endorsed bills receiva-
bic 312G34 per cent: choice prime single names
334 "a per cent; good names 4@4J2 per cent
Posted asking rates for sterling $4 S61z for long
bills and 81 S712 for demand. ctuaI rates: Long
bills, 81 S51s "a SO; sight drafts, 50 S6sI
exchange on New York: san Francisco sight
l5c premium; telegraph, 1713c premium.
Money London, 14912 per cent. Rates dis
coupL in open market, both short and 3month bins
1915 per cent Amount of bu lion gone into the
Bank OF Eng and on balance to-day, 454 900.