The San Francisco call., 1897-01-19
NEW YORK MARKETS.
FINANCIAL.

NEW YORK, y. Y, Jan. 1S.-The opening
deals at the Stock Exchange were characterized
by firmness. Trading was an unusually large
scale, and commission -hous es, for the first time in
q month or so, transacted a good share of the
business. Higher cables from London and foreign
purchases of st. Paul added to the buIlish feeling.
The great abundance of money the steady in
crease in the treasury gold holdings and the mag
nfcent trade statement just issued by the Bureau
of Stats les continued to be the moving causes.
The rise during the first hour of trading was equal
to 1902 per cent Lackawana, Jersey Central.
Erie first preferred Sugar, Manhattan and
during the afternoon and at the same time the
buyers began 20 reduce their loans. There was a
decline OF lG514 per cent, Manhattan leading
with sales as low 90sz. Wheeling and Lake
Erie preferred dropped from 14@l14 on light
dealings.
The heaviness of the bitum inous coalers is due
to the unsatisfactory condition OF the trade,
which it is be ieved, will necesstate heroic action
of the managers of those companies to restore the
business 10 a paying basis A meeting of the
roads interested will be held this week and the
suit of he conference is awaited with little in
terest b. Vail street. Sugar jumped 10 11S at the
opening and later settled back 10 116. There
were new developments in the coffee war, but
the op MON still prevails that The ght will be
REQ on with Vigor for some time TO come In
quarters the afternoon selling attributed
in part TO Kentucky bank failures. kumors were
also current OF embarrassments in uptown busl-
ness circles, but the reports could not be con-
firmed.
story which gained currency for time was to
the effect that there would be no dividend on
Nickei Plate first preferred stock this year. 1t
was subsequently, stated that action Will be
iaken on the matter until he latter part of Febru-
ary and that all talk this matter is the merest
gossip.
The Omaha peopleare to meet shortly to de clare
dividend on common. In the opinion OF the
street 1t will be per cent. Speculation closed
weak In tone. Net changes show los .es of lao
16s per cent. Total sales were 3Ol 1858 shares.
including 43900 ~ugar, AZ, 100 Burlington, 20 800
ST. Paul and 20. 700 Reading
The bond market was active and strong. The
Transactions aggregated $30 701 ,000 Cotton Oil
debenture eghts rose l 10 l0S Beech Creek first
fours, 3 TO LOG: Canada Southern second fves / TO
1O7; Chesapeake and Ohio series a, l12 to 2011 /:
do second consolidated fours l to So; oorado
Electric Illuminating of New York consolidated
hves, TO l06; Fort Worth and Denver ity first
skies, to 81; Georgia Pacific first 5-6's to ll2;
Houston and 1exas central first ives 2
TO 1852; Iron Mountain fives, 13A to 1884 :
Jefferson Railroad first fiv-s, l TO 1G6;
Shore dividend sevens, 10 l0812; Missouri, Kan
sas aud Eastern fves 112 to 95: Nashville, Chat
tanooga and st. Louis first consolidated fves, to
10l; Oregon Short Line consolidated ives GER
tifcates, / ~ TO ST; Scioto Valley and New Eng
land first fours, "a 10 1884 Texas Pacific frsts,
IN TO SO; Un on Elevated skies, l TO 72 Union
Pacific general four and one-halfs 5 to SO; Vir-
ginia Midland general fives, / to IOI; Wabash
debenture, series B, 212 10 25; Western New
York and Pennsvlvania firsts, TO 10515; and
Standard twine SKIES, 1875 to 7S.
In Government bonds $4,000 registered fours
of 1925 sold at 120ss and $4,000 Of 1907 at
11114
Grain.
FLOUR-Market dull and steady. Winter
wheat, low grades, So 30(02 rs: do fair to fancy,
$5 50@4 rs; do patents, $4 95@5 ID; Minnesota