The San Francisco call., 1897-07-23
NEW YORK MARKETS.

NEW YORK, N Y, July 22.-The stock mar
ket displayed some hesitation at the opening with
the values Of some of the railways showing slight
recessions Specialties were generally we sup.
ported Sugar fell 314 to lao with speedy re-
covery of 1s4. Business , as in large volume and
excelently distributed.
The stock market became buoyant values ad-
vancng throughout the list on heavy purchasing.
Reports of industrial activity in various sections
of the country were availed of by lhe bulls TO
stifen prices and ndcs tions of inside support in
some of the low-priced shares also stimulated
short covering sugar moved up TO 142Zs but
soon fell of point.
Heavy liquidation in sugar coupled with liberal
realZations IN the general lis, i'm parted an easier
tone 10 the market after The first hour and some
slight rec s,lons cured in the active list which
were generally recovered at midday. Covering of
shorts was notable feature Of the forenoon oper-
Rtions.
1ne Chicago grain market was closed to-day
over the egal holiday there but cable ad vices re-
ported the Liverpool Paris and Antwerp markets
closing at substantial gains from yesterdays ievel.
AS mucn as anything else this news gave a cue TO
trading on the stock Exchange to day For many
standard stocks the highest prices current in The
upwar1 movement were reco ded Transactions
showed a general distribution of interest in the
market and the volume of business a wide and
expanding scale Although London has ceased
to be potent factor Ia the local market it NAV
be recorded that once more foreign houses we re
sellers mere 10 considerable ex ent, and, 10 add
no more proptious time than the DIT 81 Mt cou Id be
found for foreign liquidation so far as this marke
is concerned.
he most active features were sugar American
spirits, Chicago Gas, grangers and Kansas and
Texas. at the opening sugar declined rapitIv
over three points, and while it soon recoverei the
greater part OF this loss its subsequent movements
were erra1c a d feverish There is nothing mar
ticular 10 account for the course of these stocks
The days indications were that upward of 81 OOn .
O0U in gold wou d BE- shipped on Saturday hut + he
probab ities to this effect were without Influence
In trading. Government bonds firmer. Railwavs
higher.
money on call l per cent: time money en
days ia per cent, three ana tour months az neT
cent, six months per cent good mixed Stool
Exchange collateral. Prime indorsed bills recaiva
bic, 31293A per cent; choice prime single naue
SA@4 per cent; good names, 4G415 per cent
Posted ask Ing rates for sterling, S4 81 for iong
bills and 81 So for demand Actual rates: Long
bills, 81 S6G4 S614 sight drafts 81 S7014 S7Il :?
cable transit rs "a S712g4 S734.
Domestic exchange on New York: San Fran
cisco sight, 15c premium; Telegraph, l71ac pre-
MUM.
Money in London 14@1a per cent Rates OF dis.
bills, 1915 per
The Bank of England's minimum rate OF discount
is un nchanged at per cent. The proportion of re-
serve to Liabilities is So SO cent, against 80 ~
last week and 59. 46 Tor the same week asst wear
The weekly statement of the bank shows: Total
res rye increased f237. 600, total circulation de-
creased El25 ,0O0 bullion increased III ,694
pub ic depos Is creased f777 900, notes reserved
i1 creased 9z24C00.
The weekly statement of the Bank OF Fran ca
shows: Notes IL circulstio decrea sed 1857. OOO
francs tire sury accoun Gu rent increased
bIOUO fra cs gold hand increased 3,500.O o
francs, bills discounted decreased 49, 45O, 600
francs silver on nand increased 60 900 francs