The San Francisco call., 1899-08-22
EASTERN MARKETS
.Ne70 York Stock Market.

NEW YORK. Aug. 21.-There was battle
royal. between the bulls and the bears the
Stock Exchange to-day. The bulls had some
what the advantage Of position. as they were
entrenched behind a large and well distributed
demand for stocks Of all varieties Commission
house. business was on very large scale and
the movement of prices in the majority of the
list varied throughout the day, realizing
going on in a liberal way at one portion OF the
list. while prices marked up in another.
one or two stocks showed conspicuous strength,
but the tendency to advance in the railroad
list was surprisingly uniform and took in ali
grades Of stocks from the highest to the low
priced issues. But there were spots in the in
dustrial list which proved exceedingly vul-
nerable and the persistent determination with
which the bears raided these resulted in wip-
ing out the majority of gains which had been
achieved in the railroads and reduction Of
practically all that remained to fractional
limits Brooklyn Transit suffered the severest
fered down through successive stages, each drop
bringing out a deluge Of long stock and copious
stop-loss orders. The success of the bears with
this stock encouraged them to extend their at
tack TO other members Of the 'so-called Flower
an extreme eight points. and Federal Steel
suffered TO the extent Of 35s. Peoples Gas lost
extent Of the decline invited hasty covering
and there were rallies Of one TO three points
Railway and Third avenue showed wide de-
clines in sympathy. ranging from -21s to Az in
the case OF the first two named. Sugar was
and dropped nearly two points. Steel and
Wire showed a remarkably dropping tendency
and other iron and steel stocks also
heavy The influence Of this weakness in the
railroad list accentuated by a late mark
ing up Of call loans to 3la per cent after hav-
ing ruled at and below per cent during the
early part Of the day. The fact remains that
a large portion of the days business in the
list was done at prices above Saturdays
There enormous absorption of stock
from the opening in spite of the rather heavy
tone reflected from foreign stock markets on
account Of disorders in Paris and the uneasi-
ness over the political season and the spread
OF the bubonic plague. Tennessee Coal rose
buoyantly AZ per cent TO par in the first few
minutes OF trading. II went back during the
day TO 97. but closed at 90. Louisville con-
tinued in active demand and sold up to s37s
A number Of low-priced stocks notably Denver
and Rio Grande and Northwestern, were in
good demand and the large organized buying
of Southern Pacific continued. This stock
held back by realizing and did not at any
time rise more than a small fraction. over Sat
urday. Stocks of railroads in Colorado were
uniformly strong the improved conditions
in the mining industry OF that State. Atchson
preferred. the Grangers, the Coalers. Baltimore
large demand Very little remains OF the early
gains in these stocks, which reached a point
or over in a number Of cases. American To-
hacco ends with gain OF nearly points.
There were a number Of other more obscure
stocks which showed strength during the day.
The bond market showed increased activity
in sympathy with stocks. There con-
spicuous gains In Southern Pacific As Colorado
Midland As and Atchison As. Total sales par
value s4.12s COO United States 3s advanced "A
in the bid price.