The San Francisco call., 1899-05-19
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK, May 1S.-To-day ended on the
Stock Exchange with bears apparently unop-
posed and in complete possession of the mar
ket. They made fierce attack in prices along
the whole line in the final hour after evil
dences of realizing at various points in the
list had become quite possible The largest
volume of proht-taking sales came up on the
market after quite extended list Of rail-
road stocks had been taken in hand and pushed
up TO a decidedly higher level This move
ment in the railroads continued after the lead
ing specalties had begun TO go down and
gave suggestion of a shifting of speculation
putting them into railroads But the railroad
list succumbed to the late attack many stocks
losing between one and two points and Bur
!ington dropping "a below the high point of
the day. Practically all the earlier gains in
me rallroads were wiped out, though small
net advances remained in a very few cases
Prices were marked up at the opening 10 ar-
commodate the outside public who were com
ing In TO buy after yesterdays notable ad-
vances. The demand from that source waz
soon satisfied and prices yielded and the mar
ket fell into dullness at the decline. Losses
were sharpest of course in those stocks which
have been rushed up during the last few days
Railroads showed a pretty good resistance ana
ATapbattan yvae po+sbI, s,7or- .o,4eeiINe anu
minneapolis. st. Paul and Sault Ste Marie
which had not moved in a long time becans
brlskly active, the common stock rising lOIs
and the preferred 712 AS the day progressed
large demand sprang up for Atchison pre-
cihc and other standard railroad stocks Very
heavy blocks Of Atchison preferred were taken
q
advanced over a point Anaconda Mining also
enjoyed a gain Of ga points. 1t was under
cover Of this movement in the railways that
the realizing Of profits in the speciaties was
In progress. Nearly all the Flower specialties
Sugar and Tobacco began to sag under the
weight of the sales. In the attack which the
bears were thus encouraged to make on the
market, Sugar and Metropolitan Street Rail-
way dropped over points Brooklyn Transit
Al, and number of specialties 2 points or
over. There was momentary rally but prices
plunged downward again and the closing was
very weak and unsettled. Sugar alone raJly-
ing over 4 point the taking OF bear nro
fits, but the prices generally ending at the
lowest of the day There was nothing in The
general news of the day which seemed 70
influence the trading, unless It might be a
further hardening in the rate of exchange
which continues TO rise and is near the gold
import point. in spite Of the continued ease Of
money, and the apparent abundance of funds
both here and in the interior.
There was no diminutinn in the heavy de-
mand for the bond Issues of some OF the
railroads. notably the Central Pacific reor-
ganization issues. Prices of railroad bonds held
notably firm Total sales s.. .020 000 United
States IS advanced ls in the bid price
The total sales of stocks to-day amounted
TO 7S47l shares. including: international
Paper, 5l00 Louisville and Nashville il 500;
Manhattan, 4Os00; Metropolitan Street Rail-
way, 7l00 M. St. p and s. M, 5000; NJ. St p
and s. NJ. preferred. $500; Missouri Pacific.
Sl0O; New Jersey Central rights, 1000; Northern