The San Francisco call., 1899-11-25
Totals. U. S....sl.s74. .ss7, 029
Totals outside
BradStreefs Financial Revie1v.

NEW YORK. Nov 2i.-Bradstreet's Financial
Review tomorrow VIII say: Although specu-
lation continues 20 be largely professional In
IT'S origin and quality the market for the
past week was generally strong. Money has
been fairly easy and the fact that no large
blocks OF government bonds have been turned
into the treasury In pursuance OF Secretary
Cages recent offer 10 purchase s25. 900 600 OF
bonds does not seem to produce any unfavor-
able effect. 1t noted. however. that on
Wednesday. when the call loan rate ran up
temporarily 10 u per cent. the stock market
experienced immediate chill and prices gen
orally fell without much selling pressure
There has been considerable manipulation in
various parts OF the share list. Most OF Il
on the bull side and the operations of the
bear faction were confined to n few stocks
like Manhattan. II must be admitted, how
ever that on the advances there was a dis
position shown In many quarters 10 realize
and except in few instances the improve
mcnts were not OF very positive nature
London took some part in the weeks proceed
ings and was n purchaser OF its specialties to
a moderate extent. The absence of any favor
able development in the South African war
has. however. a tendency 10 weaken the con-
fidencc OF the London market. The renewed
OF importance abroad and caused hardening
OF the London money market. there being rli-
mors that the Bank OF England rate wouId
be advanced early next week. The foreign
situation. however. had little influence on the
sentiment OF our own market. Speculation was
mainly concerned with money. and. having no
reasonable assurance that stringency will
occur is inclined 10 pay attention 10 the NOS
sibility OF financial legislation at the next
session OF Congress. The idea that the Presi-
dents message will give prominence 10 cur
rency matters is circulated and meets with
favor in financial circles. Favorable railroad
earnings and reports OF deals and cornbina II ons
have however. been responsible for most os
the movements in railroad shares this week
The particular features in this connection were
the low-priced division OF the Vanderbilt
Morgan group OF stocks. with Chesapeake and
Ohio and big Four the particular oh
tects OF attention Some activity was shown
In Sugar. Leather and other industrials but
the easing OF money has not been as vet at
tended by any Increase OF favor on the part
OF the lenders toward the industrIals End
the latter are consequently. as a rule irregular p
and inactive.
The average OF prices is somewhat lower than
at the close OF last Saturday notwithstanding
sharp advances In a number OF Individual
stocks which are usually not prominent In the
market. Last weeks glowing anticlpations OF
abundance OF money at cheap rates have NOT
been realized. and the disappointment in snecu-
lative circles has led 10 some marketing Of
holdings. There was narrow demand TO ab-
sorb these holdings. The effects OF the Gov
have nearly earaled the hopes OF bnIl specu
lators. The volume Of bonds offered at first
in response IN the Treasury DEPARTMENTS offar
encouraged the expectation of n marked effect
the money market. But there were large
holders or stocfs who took advantage Of the
the good hank statement of last Saturday 70
cell out This kind of selling on Monday and
n furry In call money Tuesday TO Il ner
cent effectually dashed the hopes OF a rampant
bull speculation and cautious methods once
more came into play. The small effect pro-
duced on the open market for call loans bv
disbursement OF over s12. 000 mo FOR governre en-.
bond redemptions is explained By the char