The San Francisco call., 1899-10-27
EASTERN MARKETS
Ne7U York Stock Mqrkc::.

NEW YORK, Oct. 26-The evidences of
strength in yesterdays stock market attracted
quite a large buying interest this morning, and
the market during the first hour took the up
ward course. with very active trading. The de-
Inand, showed, however, a marked falling off
during the rest Of the day, and the Isolated
points Of strength which DEVELOPED from time
10 time proved unavaling to sustain prices
and the drift downward until the close
which was very generally at the low point OF
the day and at a level below last night The
market during the first hour was conspicuous
Tor the great breadth of the demand, the num-
Jer Of stocks which moved being no less than
l25. The aggregate number of shares dealt in
was also very large. Broadly speaking the
market was in reversal Of that of yesterday
IN that railroads were generally inclined to re-
act, Whlie the industrial stocks moved upward
The evidences OF profit-taking in the coaTers
which We're manifest even in the opening deal
ilgs. prompted selling to realize in the rail-
cry much increased, and II was this which
Y az lea by the professional operators, who have
teen accumuating stocks at the lower level
1t the same time the vigorous strength OF
Sugar. Tobacco Brooklyn Transit. Rubber and
ther inaustrials and the continued specula-
ton IN the leather stocks helped to sustain the
ct while the realizing was going on. These
stocbs all suffered 70 the extent Of from TO
oyer points IN the late downward move
some OF the newer industriais. which
ave been the target recently for bear
tack. This was notably true Of the
Mating and Glucose stocks. Mailing preferred
J aiding with a rise Of nearly points OF the
low priced stocks, Standard Rope and Twine
vas brought forward with an advance of 2lb
H11f Of which was subsequently lost The iron
aud steel stocks also received favorable atten-
ton, especially Federal Steel but gains in
them were no better held than elsewhere
Other Individual stocks which We're strong
q different times included Atchison preferred
on its September statement OF net earnings
Southern Railway preferred and Chesapenke
and Ohio. London was a buyer here though
on a smaller scale than yesterday and sterl-
il z exchange yielded a fractional Increase
= oprehenslOn Of unfaYorable showing by
tie banks on Saturday was influence in the
E-owing heaviness OF stocks. New York ex-
change shows some recovery at few Interior
J. rints, but continues downward at others and
lie outward movement of money has not vet
ceased. The banks net loss to the sub-Treas-
ury thus far foOts up over 81. 300. 900 for the
" iek The rate for call loans dropped sud-
Z, My near the close to per cent, but only after
the bulk Of the days demands had been met at
g. 10 Z Der cent
Tenders Of money on time hold out for per
c. IT and exact choice collateral. The fact IS
l.lt some large interests operating in the mar
k have been lenders OF money and are calling
4 ir loans for their own operations IN stocks.
The dealings in bonds disclosed the same
~ adth of demand as those in stocks. many
&, rInant Issues being brought into trading.
81 lndard Rope and Twine incomes rose an ex-
II me 3k and reacted 2. The bond list reacted
IN sympathy with stocks IN the latter part OF
the day making the changes somewhat mixed.
Total sales. par value. 81, $4,000 United States