The San Francisco call., 1897-07-15
NKw YORK MARKETS.

NEW YORK, n. Y, July I4-The unloading
Of sugar stock in large blocks a feature of the
opening in Wall street the first sale being at l35
and running sales of J 500 shares at l341a to
1892 following. The prices quickly ran down TO
1929 on very heavy offerings quick recovery
to 1854 followed The stock speculation was
less active during the second hour, but the ten
dency of values continued toward higher plane
Toward midday recessions from the best prices
occurred.
Purchases Of stocks for London account were
sgni6cant feature in to-day's market. In the
Arst hour there was absorption by London
houses OF 10 900 to 1000 shares, of which about
half was 81. Pau. This cnange in the attitude of
London, which has for some lime been seIJer m
stocks had very favorable effect The trading
element continued builish III sentiment largely
upon the conditions already expoi:ed including
favorable news in regard to crops and the decision
of Justice Chester in the coal trust inquiry that
the antitrust law was unconstitutional.
The market was very s,rong and speculation
appeared relatively brosder than for some days
Comm ssion-house orders were more in evidence
and some material aovau were recorded
Granger shares continued favorites in this latest
bulllsn movement with ST Paul advancing to the
highest quotations for days The news in regard
10 the spring wheat situation was of excellent
character. and upon this undoubtedly baseu
much of The recent strength of the shares of north
western railroads Coalers were again stron :,
although there was fresh news particularly
applicable. Sugar ref ming certificates were sub
jected 20 violent reaction, opening dealings
declining 3l2 points selling based upon Wash
tngton advices indicating that the outlook for
quick agreement ia the conference on the tariR
was very active for the first fifteen mi nutes
The opening violent decline succeed I'd by a
rally, with trading gradually becoming more
normal, though wide fluctuations were the rule
throughout the day II rumored that there
had been some CONS deraDle selling TO take profits
The erFatic fluctuations OF certificates bad little
no influence npon the general market IN stocks
usually not actively dealt in, Nor hern Pacific
preferred showed a revival of interest, advancing
point IN early trading aud MINNEAPOLIS and ST
Louis and Chicago and Great Western were both
strong Inc market closed dull. The foreign ex-
change market dull. Government bonds
steady and unchanged Railways strong and
active.
Money on call l per cent: time monev-sO
days 2 per cent, so Gays IA per cent four months
21s per cent, six months 8 per cent seven noon,h
3 per cent good mixed Stock Exchanpe Col
lateral. Prime indorsed bills receivable 2 ner
cent; choice prime single names 31a per cent:
for sterling. $4 81 for long bills and 50 Ss for
demand. Actual rates: Long bllls, $4 S6a4 SSH.
sight drafts 81 S7@4 8714; cable transfers 81 S7t.
"a 81 "a. Domestic ex, hange on New York and
San Fran 1isco sight, l71ac premium; telegraph,
Money in London, 14@1a per cent Rates Of dis.
count in open market, both short and 3-months
bills, 13-16@s per cent Amount OF bullion gone
nto Bank OF England on balance to-day, 95o'GOo
Wheat and Flour.
WHEAT lO:SO j 100 1900 100 2:lo
pts Deeem 74ss 1885 74Ss 79M ~. 77zE.
New YORK. 1880; No / Northern spring Duluth,
s1s4c; No. hard winter. 7414c: NO new red
74S4 @75c
Future closing: July, 1890; September, 72Ac;
December. 7414c.
FLOUR-Spring. in bbs No. extra, SO 1O@
80; No. extra So 45G3 so; straghts, SO GOO
3 IS: patents S4 o6Q4 25.
GRAIN FREIGHTS-New York to Liverpool
by steam, 21ad.
Produce.
CoFFEE-Rio, pot dull. easy: No. 2. 714c.
Future clio ing: March. 81 1907 20: Ma. 81 25
az 30; August, So 1895 rs; eepte ber ST $50
so: october, SIS o007; Decem ber, $707 o..
LARD Prime. "a 05@4 O71a.
PORK-Mess SS 25@S So
TALLOW-31sc.
BUTTER-Creamery. Western, I5@l51zc
EGGS-state, fresh gathered. l2l1019c
sUGAR-Raw, firm; S9-deg test centrifugals