The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1898-10-05
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK, Oct. 4-ConsiderabIe Irregular
fly marked to-days operations in the stock
market. but the net result was in favor of the
bulls, final prices showing sharp gains in many
cases. Elements of strength included the St
Paul statement for the fourth week Of Septem-
Der, gold engagements presaging further ease
in the monetary situpation and more general
commission house buying. ST. Paul was taken
in hand at the outset and lifted sharply but
Improvement IN the general list arrest ed
by irregularity In the specialties. The market
generally speaking did not take on a decisive
tone until the late session, when heavy buying
orders executed all around, which ad-
vanced prices materially. Evidence that lead
ing interests were supporting their favorites
created uneasiness among the shorts and large
lots taken in This likewise Influenced
outside demand which had been eliminated from
the market during the decentralization of the
6pecialties The bears attempted to make capi-
tai out of the closing of the Tradesmen's Ma
tional Bank, but it not effective card,
after a period of dullness, following the
announcement, prices worked up slowly until
the movement assumed large proportions in the
late afternoon. The futile efforts to bring about
a substantial reaction, combined with the ready
absorption of all offerings, infused a more hope
full feeling which became intensified addi-
,tional encouraging traffic statements to
hand. Some lines reported a falling off in
earnings, but this showing 1t felt, would
soon be counterbalanced by the elimination Of
certain unfayorable influences current at the
present time. Tobacco pursued us usual WlId
course, and variations occurred in other
members Of the industrial group. Brooklyn
Transit made conspicuous show of strength,
the stock being taken on expected benefits to
accrue from the absorption Of the Nassau road
and effective economies in operating expenses.
A concerted drive against Sugar late in the
day depressed the stock over three points and
halted the general market when the rise in
full swing. Realization occurred all around,
but a better tone prevailed at the close, the
market ending steady.
The bond market to-day developed consider
able activity and heavy purchases were made
in the current active issues. The general tone
was strong and a brisk inquiry prevailed for
some mortgages which usually do not figure
to any extent in the trading. notably st. Louis
and San Francisco liens. Total sales, $3.50. 600
Considerable activity developed in United
States threes to-day a gain being made of u
per cent to 1854: Bid quotations of all other
Issues were unchanged.
Total sales OF stocks to-day were 454 46s
shares including: Atchison preferred, TOSS; Bur
iington 10, $780, Manhattan. 1880; Northern Pa
cific ~ $50; do preferred 6130; Rock Island. 15.
s25: Union Pacific 1850; st. Paul 2S,s5o Union
Pacific preferred. 1850; U. p d: and n. G.,
1895: American Cotton OIL 9755; American To-
bacco u.s. $50: Chicago Great Western. $780,;
PEOPLES Gas, Il 235; Sugar, So $50; Leather pre-
ferred, 1856; Rubber, l., 385.