The San Francisco call., 1897-11-28
NEW YORk sroCh MARKET.

NFW YORK. Nov. 27.-The stock market
7voEe from its iethargy TODAY and did lively
h,siuess in The second hour Of Saturdays short
-.ssion The volume OF dealings and the general
u7vement 4 prices were greater than have been
seen iuseTeral weeks past. The reappearance on
board room floor OF one OF the principal op-
Gator during the summer rise in prices aud the
..str. button Of large oriers for his account
Cub edly The principal causes OF he rise The
resistance q the market during the week 10
py s,ure and t1e gradual hardening of prices in
uf the duliness had laid the foundations for
N advance IN prices under any confident leader
4 he strength manifestiy a aarmed the shorts,
md they hastened TO cover, thus helping along
THE rise It noticeable that the strength OF
the marke- transferred flom specialties and
lHdustrtals 10 winch they nave been largely con-
fined OF late, TO the standard gauge shares he
gains Of q bout point or We're reg .stered In
the Rranrer shares the coalers aud in a number
If tru Ines The southern lines tsgged in a
rs. her conspicuous manner Notwithstanding the
s.roug statement OF he AtchisoR Company for
october. showing an increase in net earnings OF
sl85 7q5 No sma part of the strength in the
railway iist was due 10 the anticipation that the
supreme Court, upon TeassembiIng on Mondsy
after IT'S autumn recess. wi hand own a declson
iD The Nebraska maximum 4reight-rate case
vorabie 10 the railroads
sugar was s-rong and easily led the gains with
udvHnc- OF l5s on reports that decision from
the reasuIv DrpsTtme { would soon be forth
csulieg e app yin2 lie couutervailing duiy clause
O.. Dul IA reued sugas
The bank sta ement was about what was ex-
nected Although there wassau actual increase in
cash reserve Of SO S3S,7OO the legal reserve was
r.. isrd by more tnan TINT amount Owing 10 lhe
tremeudoUs Increase OF SI6f44,lOO IN the de-
Ine condition Of the moner market, present and
sp=ciive ms been OF eater interest all week
Inau fi- toCk market J he heavy Union Pacific
statement made not the slightest impression on
the naek-i.
81 nth with ne removal uf yellow fever qnaran-
tines has ed esult in any not@b demand for
money from lha. quarter. I he west IS sending
mH. pv ew i'ork bank vaults tnat region be.
.ng 30 eut.fuuy sup led MS the result Of laying of
.onz-sJand ng obligations. Chicago banks are ie-
Ulrte1 10 have several million dollars loaheu IN
10 fmany rs the result of grain bills purchaSeu IN
la center. which have not vet Geen CrAWh
aEaIrst ~ Exchange bills : his operation lnvoiVes
ih- purchase o: long exchange 10 hold untl ma
turi.v ami Ncw YORK banks have loaned money
br "a simi or operation. his doubtless accounts
% part for tne frmness of the foreign exchange
rates ~ face OF the continued heaVy exports ol
ll stuffs -.
The to.-igu exchange market has probably felt
... ~ -c- Of the weeks sales OF American securl-
lies f1- Ion on account 10 this market London
fa quite stetdily OF the 81 o@ks whlch MAKE
up .I % butk OF ordinary artitrHge operations buU
iltre nave also been large sales OF nigh grace IN
n .IrHt bon s by tnat ce ter OWING 70 lhe hieE
Il Of prices Prevailing here, RemittADceS 10
u ,or these have helped 10 keep the ex-
are. firm The stock o., marEet EeL,as has .6e Gi
n iesult of to-day's strength the list gener-
al,F s.oHa snall net gaIns
lht Apuhern Pacific SO ks have been strong
or "a - dividend for the preferred anu lhe
lIeltIftu is 352 higher sugar is up 8 points ior
he feature Of the bond market has been the
ierEe oe nard and m-ager offerings on high-grade
tones ne maTke. has not been noJ atty actVe,
hui lI c. are generally slightly higher. 1otal
safes o'o'"'OO Cnl;ed states old tours reg s.
tc I'd Is hl-her bid, the old foLTs COUPON and the
rev iours "A higher bid, aud the fives 10 lower
ID.
otal sales of oeks tod we're 1877, 900 shares,
Including -Atchiaon preferred 5000, burlington
12.4S1 Manhattan 1928, Missouri PACING 40z2,