The San Francisco call., 1897-03-25
NEW YORK MARKETS.
Financial,

NEW YORK. n. Y, March "a - Depression
characterized the trading at the stock Exchange
during tie greater part of the day, the de-
cision by the United States Supreme Court in the
Trans-Missouri Freight ssocation case having
created decidedly bearish feeling securities
Reports that several Western roads were ready to
withdraw from various freight and passenger
associations, in accordance with the Supreme
Court ruling. started heavy liqudations the
shares of the roads referred These issues were
most pronounced in the downward movement and
at one time showed losses of 2@25s per cent
Rock Island and Burlington and Quincy bore the
brunt OF the attack. The general list declined
Coal, Louisville and Nashville Big Four, W Western
Union and southern Railway leading.
London houses at first bought, but subsequently
turned s4liers. and the liquidation by the for
eigne-s finally carried l. and NJ. down to
4SsI- The shr1nkage in values forced weak mar
gfn-nolders to SELL and the execution of stop-loss
orders accelerated the downward movement In
the industrials sugar fell to 1111a on increased
general market, receded about point, but at the
decline supporting orders were forthcoming, and
the loss was partially recovered. In the final
transactions the bears made efforts to turn paper
profits into cash. and under the process a sharp
rally ensued Jersey Central and Lake shore
were the leaders. Jersey Central rose from 8434
TO S714 and Lake Shore from l66 to l6S. The
strength OF Jersey Central was due the publica-
tion OF its February statement, which showed an
unexpected gain in net earnings of over $50, 900.
AS a result of the rise in the stocks named the
market closed firm. Transactions were unusu-
ally heavy, aggregating 33b.73l shares Net
changes show a d decline Of 14@lss per cent Man
haitian and Jersey Central and New York Central
gained 1s91ta per cent. In the speciaties Mime
sofa Con. dropped 4.
The bond market was weak. Gales, 81, ,666 ,OOO
Atchison general fours fell 1a Baltimore and
Ohio fives, 2; brooklyn Rapid Transit fves, IA;
ClIesapeake and Ohio general four and one IS
112; Chicago and Northern Pacific first fves l1A
Lehgh and Wilkesbarre Consolidated assented
sevens, 112; New York, Susquehanna and West
first refunding fves, l; oregon Short Line
Consolidated fves, l. Peoria and Eastern ConsoIi-
dated fOurs, /; Reading general fours, rs: do first
preferred incomes, 21a: do seconds. Isz: New
Jersey Central registered ives, IA st. Paul gen
eral fours, series A, 11A
In Government bonds $780, 900 coupon fosrs of
1925 sold at l2314@123ss, and $4,000 registered
fours of 1907 at l111s
Grain.
FLOUR-Quet steady. Winter wheat, low grades
81 30@2 35 do fair to fancy, So 25@4 40: do
patents "a 60G4 90; others unchanged: Minne-
sofa clear So 3O@3 So; do straights, $4@l4 2b; do
patents. So 9094; low extras. 81 30@13 25; city
mills, So 60@4 80; Rye mixture, 81 SO@y 40:
supertne, s2@p3 05 fine. 81 5O@02 go
Southern Hour quiet Common TO fair
extra, $3 2O@3 81: good TO Choice do, 50 6O@4
Rye -four, quiet, at So 4002 10
CORNMkAL Dull, a. 81; yellow 81 70
al 80; Brandywine, 81 85.
RYE-DulL steady. Western, BIC C. 4. Buffalo
BAhLEY-Quiet, firm. Western, 263zc C l. f.
Buffalo.
WHEAT-spot market active. easier with op-
tions. No q T. o. b., 83c; ungraded red, FOG S3c;
No. l Mort hern, S414c
Options were active and closed steady at 14c to