The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-12-15
EASTERN MARKETS
Ae7v York Stock Market.

NEW YORK, Dec. N-Expectatlons OF A
further stress OF liquidation In the stock mar
ket were not disappointed this morning Heavy
offerings were thrown upon the market from
tie outset. and the brokers very bold and de-
termined Oh Offering prices down But IL was
obvious that there was not so acute a pressure
81 necessity upon the market 10 realize as was
TIE case yesterday. ard several developments
overnight helped 10 encourage a support OF
prices. The market therefore did MOI al any
tine take on the extreme GENERALIZATION OF
yesterday, - Was feared. and about midway
81 the session. The bears had reilnqu.shed their
position 'anc we're willing 70 roar YOU as
gently ss a sucking dove The conflict ~
speculative Interests was q oerre ne hseo.,a
the issue was decided and prices moved Nom
~ays az once in ne opening market and never
Ions IN ono direct!bn.
The determined support in Sugar was
notice 20 the bears from the outset that they
ano ihough they wiped out Sugars opening
rise ~ short order. and made heavy inraads
a. other points in The industrial list and even
torcee - ram hsf point below yesterdays
low level Tor the year. the abortive power
q me steady buying demand proved too much
Subsequent attacks were made upon the iron
anu eteel stocks. the New York city special
nes ana ~ TACT upon every stock where any
Information could De held 81 a heavy account
On me long SIDE, with the hope Of wlping out
margins and forcing liquidatiors The sue
cess achieved. must nave becn very moderate
yIe6Eg from The almost complete recoveries
which were caused IN nearly all cases when
lhe hnpfts peghn 10 cover. ID was noticeable
on The other hand. that the buying demand
oied away ~ the higher level OF prices
achieved. Th.s encouraged renewed efforts nv
me bears up % The period OF the last reaction
Nhef! thei refralned from attacking IN. mar
het ana ne closing was firm near tho ton
ieNel al SUB tantlal net gains an through the
lirt ne OUTLOOK 10 The London market csr-
tnaed 10 oner the keynote 20 the Speculative
eltuaLea. Tie failure 70 advance the offirial
fete 81 discount by the Bank OF England IN
irelt offered "A eugFcgtlon o. relief frot, yes-
terda4 apprehension o. gold exports from
here. though the belief continued durin~ ~
morning that gold would 60 cut by saturday,
ffeamcrt.
The Treasury Departments offer N fore.o
the rebate hitherto demanded before antirins,
Ing the payment or January I Interest "a ,
continental eject In STRENGTHENING The mar
kcf. The total amount ~ interest lf.,,ol,-eJ i.
s. 200. 900 and IT, availability IL ir hofie-..5
would make the Withdrawal of any soi6 90
export less felt Then came The hlo,-,-, 80.
burst % The English market on the widely a.
terminated rumOr o. the relief u I.ad,sr,,,h
and an alleged capture ~ Beers This 'ee-,.eS
% brighten the feeling IN London occaeio,ss
by n heavy demand for Americans O-i.--
h0uus. and London total purchases Tor he
day were run up 20 On 900 shares Sterlinr ~
change responded with a drop OF over y. l..
Tho pound. Additional gold was received here
to-day by The branches OF Canadian banks
The relief thus afforded % fears OF gold shin
strength % the market Bonds rallied from
early weakness ia sympathy with stocks Total
sales par value g. 0s5. 900.
United States bonds. unchanged in bid QUO
NEW YORK STOCK LIST.
Shares Closing
solo. Bio
h.Ist Atchlrcu %