The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-09-15

NEW YORK, n. Y, Sept. 14.-ro-day's opera
lions have resulted in another substantial adj
vance in thu level OF prices the stock Ex-
change. There some talk during the morning
OF the existence of powerful bear pool which was
prepared for extensive operations for decline.
The supp, sed prestige of this com animation,
coupled with the fact that London prices came
lower, apparently b. caus OF doubts raised by yes
terday's ctun here, led the early success OF
the bear contingent. The arguments they us ID
we're the same yesterday, the like ihood OF en-
tangIement over the Cuban question the danger
OF yellow fever and addition the damage done
by orm on the Cuff of Mexico The latter
showed its effect on Kansas City, PittsburL and
the Gulf. The whole list receded fraction
Later came denials from Washington, on author
ity quite as weightv as the first assertion, that
warliHe measures were projected on the Cuban
question. The first reports OF heavy damage by
the gulf storm were also denied. At the same
time the marked weakness in the exchange mar
ket came into notice actual rates Tor both long and
short sterllLg and for cables recedng 3s Ia per
cent.
London was also buying quite freely of favorite
stocks. The otfc al reports OF wheat shortage In
Fra and Italy added to the assurance of con-
tinued heavy exports of g. ain to be paid for.
The advance III cotton at Liverpool tended to
the same end. These indications OF II prospective
Increase OF the ba ance of trade in our favor led
to expectations by foreign bankers that n heavy
gold import movement was certain 10 result and
likely to commence. Money continued
also to move very freely TO the interior.
AS the general news bearing the business
outlook al continued favorable. the prospect Of
gold imports IrJvtd av. liable means to turn
the tide in OF the bulls. AL the time it
was reported from Washington that the difference
between the Government and SYNDICATE organized
10 purchase the Union Pac fic had be arranged
and that approval would b; gwen the sbInet
meeting in the afternoon. IL was this account
that Union Pacific became prominent in the
af ernoon rise, its extreme advance being 31A
and its net gain 234
The market reacted to some extent before the
close, aud this, coupled with the early declines,
makes the net gains considerably smaller than the
extreme advances.
The price of ponds fell of at the opening but
the became strong later. Total sales
S3lOU 900. United States old tours registered
sold at II.
TIL total sales of S. ock were 4S4 900 shares and
Included the following: Atchison preferred IS 80,
anada southern l22S0, Chesapeake and Ohio
10.695, Burlington 20. 070 c. e. Z. and st. Louis
$500, Louisville Nashville 1l,4S0 Man
haitian $500 Metropo itan Traction 1890, Miss sou ri
Pacific 1885, Missouri Kansas and Texas $500.
do preferred IA 45U, New YORK Cen raj l ! 500
Northern Pacific 200, do preferred % 02s, North
western IA 45Q Reaiing 9l30. RocA Island IL
625, st Paul $3.50. ~. Paul and Omaha g. 400,
Wabash preferred 3l40 w. and L. f. 1924 Amer
lean Spirits preferred 1850, American obacco
preferred S,633, Chicago Gas 1880 Con solidated
Ga $780, General Electric 10 64O Laclede Gas
5400, Lead 1870, Pacific NJ all APO. sugar 81, SEQ
II. G. and L 57S5. Western Union $40, Chicago
Great Western $500