The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-01-13
NEW YORK MARKETS.
Financial.

NEW YORK, N. Y, Jan. 12.-There was
slight failing of in the volume of trading the
Stock Exchange to-day, the sales amounting to
lis, 659 shares against PA 600 shares yesterday.
In to-days total sugar figured for 17,7O0 shares,
Union Pacific for 2 800 and Wheeling and Lake
Eie for 1880. The market displayed strength
throughout, the si~ ming of the arbitration reaty
by represent atives of the United States and Great
Britain and the improved outlook for general
business having exerted a favorable influence.
The standard issues moved up gradually and at
the end Of the session few stocks showed gains of
14d5s per cent. Leather (preferred), sugar, Chi
cago gas, Tennessee coal, Changers, Manhattan
and Reading were all prominent in the upward
movement. sugar so up 10 witbin fraction of
lib, the reduction OF 1-16c in certain grades of
fined sugar and the coffee war at the West being
ignored by Operators. Leather preferred rose
I5sc to 6l8ysc on covering of shorts.
Tennessee Coal rose from 267s TO 2S1a on the
announcement that strong inteI ests wi ] be repre-
senied in the directory in the future The directors
are TO meet To- morrow 10 make lmportan. changes
In the board Union Pacific was better supported
and rallied point to 7ss. Reports from Wash
ngton were TO the effect tnat the Government, In
view of the defeat Of the funding bill, WouId beg
foreclosur proceedings at once London was a
sell + and, according TO estimates parted with
neary 1000 shares of various STOCK The offer
ings were quickly absorbed and made no pres
sion p ices
The feature of the day, however was the break
in " heeilng and Lake Erie, the common drop
ping from 5 ~ TO 35s@41ls and The preferred from
/
result OF a rumor That application had been made
for a receiver. This was not confirmed although it
is generally admitted that the decentralization in
The btuminous coal trade has affected all the soft
coal carriers Long Island stock was dull until
just efore the close when 400 shares were sold at
81 decline of per cent The per cent bonds
on the other hand were stronger and rose $40 TO
50. and y ew York. Broo <lyn and Manhattan
Beach Consolidated 5s advanced 31A 60 1854
The appreC iatlon In the bonds is due to the re-
cent formation OF the SYNDICATE 10 protect the
property. The directors of the Long Island road
met to-day, but took action the dividend.
In the past the drecto have declared the Feb
ruary dividend al the January meeting Iti-
more and Ohio another weak pot and II
I1s o Ia rs, with a quent recovery 10 Ia.
Speculation in the final dealings was strong / 4
tone. Wheeling and Lake Erie lost 80 and 90
preferred 61s per cent on the day.
Bonds were higher. sales footed up 81 $4,000
long Island general fours were the feature and
sold at 80. against 1e1a the last sale. Chicago
and Erie firsts rose 10 1l2 Equitable Gas and
Fuel of Chicago skies, IA 10 9712: Georgia Pa
cifc hrsts, l to IL: International and Great
Northern first skies, to 1889: Missouri Pacific
Consolidated skies, / to So; New York. BROOKLYN
and Manhattan Beach frs consolidated fives 31A
10 1U534; Ohio Southern first skies l 81; Rocn-
ester aud Ptttsburg first skies. 10 12l; =. Paul
second sevens, l 10 1902, and st. Paul, Chicago
and NJ issouri River fives, to 100.
In Government bonds. $1,000 coupon tours of