The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-06-15
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK. June 1.-The professional
hoardroom traders, whose effort is to keep in the
current Of events for a short turn in prices
were kept in a very unsettled frame of mind
to-day by the frequent ebb and flow Of prices
and they We're left in a state of confusion
at the close under the puzzing conflict Of
currents in the market. Some rather large in
terests evidently took their profits on the re-
cent rise yesterday, and having done So were
ready 10 aVow the TACT this morning. This
brought active following from outside sources
and the commission houses were sellers of the
general list But those who sold stocks freely
in the late furry yesterday were BUYERS at
the decline for the purpose Of recovering their
snort contracts, SO that the belated liquida-
ton pretty well absorbed In fact the
covering by the shorts and large buying of some
or the high-priced specialtes carried prices gen
orally after the opening, above last night
level. But weak spots began to develop, not
ably in Sugar, Metropolitan and the smelling
stocks. the latter on the prospect OF labor
troubles, and general selling movement set
in Anaconda Continental Tobacco p c G
and st. Louis, Baltimore and ohio. Colorado
and Southern first preferred, International
Paper and the steel stocks, which We're advanced
Yesterday were all special points of weakness
at different times during the day. on tho
other hand, the Flower specialties, especially
Brooklyn Transit and Federal Steel, were well
sustained and showed a disposition to advance
Sugar, also after dropping or nearly three
points, developed an aggressive upward ten
oeucy ana rose an extreme six points. Man
haitian was another center of strength This
deferred the bears from making new ventures
on the short side although the early advances
were not well maintained. The market was
IN TACT, a waiting one. in the exact sense OF
the word, and fell into extreme dullness late
in the day The quick rally Of Az points in
metropolitan Street Railway, after dropping
e12 and "a in Sugar, lifted the level of prices
from the low plane TO which they had been
dragged during the afternoon and made the
close comparatively firm. Only a few stocks
showed net gains. fractional net losses being
the rule. The expected dividend declaration
on Northern Pacific common, which was an
nounced shortly after o'clock gave that
stock some strength. Otherwise, the grain
carrying roads were inclined to heaviness on
talk of harm done by the rains. Denver pre-
ferred and the Southwesterns generally were
conspicuously weak. The banks were rather
the day, and this led to more attention being
given 10 the outlook in the money market The
conditions are much easier IN London where
the effect the stock market was beneficial
and this lessons the prospect of a further i'm
mediate outflow OF gold
There was a reactionary tendency manifest
at some points in the bond market and the
volume OF business done was only moderate
Total sales. par value. 81 90 600
Government bonds were unchanged
The total sales of stocks to-day were Ala SEQ
erican Steel and Wire, q, 300; American Sugar
Refining, 900; American Tobacco $500; Atch-
ison preferred, 1920; Brooklyn Transit SO 400.
Burlington 1a. 200; Colorado Fuel and Iron
300: Continental Tobacco $500; Metropolitan
Street Railway, 1900; Missouri Pacific. $500
Federal Steel, i0So0; do preferred. 400; Man
haitian Consolida TED. 1900; New York Central
1920; Northern Pacific. 3400; Pennsylvania 1000:
Peoples Gas OF Chicago, $500; Reading first
preferred. 1900; Rock Island 1000; St Paul 23
400: Union Pacific. 1900; Western Union 400