The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-06-17
EASTERN MARKETS.
NEW YORK STOCK MARKET

NEW YORK June 16.-There was a num-
her az small stocks whose prices were marked
up al the opening to-day, and for which buy
ing demand existed at intervals during the
day The coalcrs We're conspicuous especially
the Reading issues, and they on aver
axe of about ~ points The Flower group
also moved upward and gave some semblance Of
strength 10 The general market. Aside from
this demand the market was almost wholly
neglected and in the hands or a small coterie
g professional traders. The utmost endeavors
NJ these operators did not serve TO move prices
more than small fraction, except in few
isolated cases. The advance in the cOalers
pretty Wei held. II was attributed TO the
return from Europe OF a prominent finanCier.
l"rs ana to the closing out OF options on
LehiEh Valley by sympa hetic control. Some Of
tltSe railroads dlSpiaNti a rather nfn tone
IN sympathy with Reading but the movement
~ prices in them was inconsequentiaI. The
advance in the Flower stocks was not well
and IN some OF them was more than lost before
the day was over. Prices moved up and down
over range 90 about points. and closed
with small net loss New York Air Brake
colorado Southern first preferred dropped "a.
presumably on account Of the labor troubles in
The state Metropolitan ranged points.
but closed at small change. There moth
ing in the general situation that found any
Election in the stock trading. The undertone
was rather firm in the railroad list, partly in
stocks already mentioned. The announcement
at an additional shipment by tomorrow
fuence in the trading. unless it might have
been feature in discOuraging activity. In
fuerce I'm the same direction the expecta-
ton OF an unfaVorabe bank statement to-mor-
row. Last Saturday shipments. as well as
those made early in the week, will all figure in
t"-morroW's statement, but not to-days en-
Eagement The banks said to have lost
cash In other ways during the week and a
large decline in that item is expected in to-
morrow = statement
The amount Of loans cannot he forecasted
but there were reports Of calling Of some
loans Yesterday, suggesting that there may be
contraction Of credits reflected by to-mor-
row S returns
An incident Of the day was the frmer tone
In the silver market in London said to be due
10 buying for Indian account and to the effect
q the colorado smeltcrs' strike. Reading As
were the feature Of the bond market. with an
advance Of ] per cent on large buying Else
where in the list points OF weakness
Total sales par value. s.. 7S0.0 600.
United States . s and the old = coupon de-
cIned . and the IS advanced I in the bid
price.
The total sales Of stocks to-day were 500 .S7
shares including: American Steel and Wire
1880. American Sugar. A. son: Atchison pre-
ferred. 800. Brooklyn Transit 19. 900: Burlng-
ton, 1890, Chicago Great Western. 300; u /.
and W. BOO; Denver and Rio Grande preferred
5000; Federal steel. ~ 400. Manhattan 5000:
42oo. Missouri Pacific. 1890: New Jersey Cen.
trel 1000. New York Central 300: Ontario and
Western, 1900: Pennsylvania. 300. PeopIe's
Gas. 32lo; Reading. 1890; do first preferred a.
900, q" second preferred. 400; Rock Island
hloO: 81. aPuL 1850: Standard Dstlline Com
IanY, 1900; !. {. and l.. 500: Rubber goo