The San Francisco call., 1899-07-13
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK. July 12.-The stock market
showed continued strength and buying by pro-
fessonal operators was on a large scale. There
was a good demand from outsiders through
commission houses at the opening encouraged
by the rise in prices yesterday and yesterday S
professional buyers were free sellers to realize
while this lasted. The market then came to
the customary halt after such a process before
taking up advance. An eager demand de-
veloped for Missouri Pacific and affected nearly
all the Gould Southwestern group in sympathy
Not the stocks alone, but the securities of
this group of railroads were affected. Missouri
Pacific held the leadership of the market
throughout the day and made a late advance to
4sss-an extreme rise Of points. The motive
of this buying the Wall street rumors Of
plans for merging the various railroad proper
ties in the Southwest in which the Goulds are
interested. Good buying set in early for the
grangers, Pacifics and Atchison preferred. and
pushed up extreme 2ss. Large buying of
pennsylvania at an advance of ~ seemed TO
movement, but later attempt was made to
connect the latter with Union Pacific and
those two stocks. All of the Northwestern 9
gain subsequently lost The manner in
which the buying demand progressed through
the railroad list, together with the upward
tendency In sugar, prompted the professionals
20 attempt movement in the industrial stocks.
Leather preferred, Federal Steel, Tin Plate and
General Electric were bid up between ! and 2
points, and New York Air Brake made a char
acteristic upward dash of 1s points.
Mexican Central rose quite conspicuously 21b
per cent under the sentimental influence Of
the opening in New York of subscriptions for
the new Mexican refunding loan Sugar, Man
haitian and Brooklyn Transit dropped sharply
from top figures and many of the gains in the
industrials were practically wiped out. Prices
OF the railroads sagged considerably from the
top and the closing OF the market was de-
oidedly heavy. net gains being only partly re-
tained. The money market easier to-day
and confidence is felt that the supply will be-
come still more abundant at very early date
Total sales bonds par value, $3,Ss 000
United States Is registered declined 4. and
the 3s registered Il, while the old As registered
advanced u in the bid price
Total sales of stocks to-day. SAB 2s2 shares, in
cluding: American Steel. 11,000 American
Sugar. 26.1OO; Anaconda s4oO; Atchison. 5000:
do preferred. "a. 900; Brooklyn Transit 26 500: !:
Burlington. 1900 Continental Tobacco, 5000;
Federal Steel, Il, 900; Louisville and Nashville
1900: Manhattan, q, 400; Northern Pacific. H.
400 Peoples Gas, 1000; Reading first preferred
1000; Rock Island. 1e. 60o St Paul. 2s 400; South
ern Railway preferred, 5000; Union Pacific 49,
20o do preferred II, 900; Wabash 4OGO; Ameri-
can Tin Plate. 31OO American Tobacco. 1000:
Central Pacific. 5000: Chicago Great western
S4oO; Denver and Rio Grande. 1900; General
Electric. 3200; Lake Erie and Western S6O0
do preferred. $500; Mexican Central. 84OO Mis-
souri, Kansas and Texas preferred 5000; Mig
souri, Pacific 43. 500; New York Central, IL 800;
Pennsylvania, 1920: st. Louis and South