The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-06-14
EASTERN MARKETS.
NEW YORK STOCK MARKET

NEW YORK, June 13.-There was a marked
disposition from an early period in the day s
trading TO take profits in many of the stocks
which have enjoyed a large advance recently.
This was evident practically. in all of the
standard stocks and as increasingly obvious in
the industrials. The strength manifested by
q small group Of the industrials served to stay
the market for a time and acted as a sort of
cover TO the proft-taking sales which were fed
on the market. The recent strength OF Federal
Steel showed abatement during the early hours
OF the day and other members Of the Flower
group, notably Brooklyn Transit and People s
Gas, were strong in sympathy, and advances
IN metropolitan, Manhattan and Sugar helped
10 keep up prices. The leadership of these
stocks gave place in the course of the morning
10 National Steel, American Hoop American
Smelling and Tin Plate the first named rising
some points. The awakening Of activity in
this group which was more prominent in trad
ing than at any time since they have been dealt
in on the local exchange seemed to invite real
izlng elsewhere in the list and an early break
IN consolidated Gas, followed by pronounced
weakness in Sugar, emphasized this tendency
There was late rally in Consolidated Gas and
90, an advance Of over 4 points But no effect
was apparent on the general list which closed
800 800 any weak AT tne lowest point generally
To-Day Net losses IN the standard railroads
are for the most part between l and points
sugar, which was traded In ex-dividend of 3
per cent lost nearly points the day.
There is an element among the professional
operators which habitually buy Sugar TO realize
Inc dividend and get rid Of the holdings i'm
mediately after the dividend periods The sell
ing from this source was an influential eie-
Tnent in the weakness Of that stock and by
sympathy, OF the whole market Manhattan
suffered from realizing on the declaration of the
regular dividend and on the continued effect ~
the adverse judicial decision on tax claims
against the company. The strength of the
steel stocks which came to the front TO-DAY
was coincident to the lively demand from the
National Steel Company. Pittsburg C. {, and
st. Louis continued strong, but this was the
only exception to the weakness in the railroad
list II Is probable that the prospects of a
poor bank statement the coming Saturday
When large part of the Withdrawals of gold
already made for export viii figure had its
influence IN prompting to-day's LIQUIDATION M
effect was apparent, however in the none,
market which continues easy. and there NO g
no upward tendency in sterling exchange wbiIa
mere was sharp fall in the money and dis
count rates In London. The pressure OF lIoui-
dalton was not heavy at any time but prices
went down easily and there was not evidence
OF organized support The bears helped Tho
late break with the reports of reverses in the
Philippines. There was a large densrd IN
some strength for Reading As Colorado Sor,h
ern As and the Wisconsin Central issues hotb
oiq ana new Total sales. par value. 50. 3s0, 600
United States 2's declined 4 and the as new
4s and the IS Is in the bid price ~
Total sales OF stocks to-day. $50 4s7 shares
including; American Smelling BOO Ameri
can Smelling preferred. $500; American Steel
American Tin Plate 440O; Anaconda s909
Atchison preferred. 11.sOO Brooklyn Rapid
Transit. $1,000; Burlington. $500: Chicago
Great Western. 3400 Chicago Milwaukee, a I'd
St Paul 3l,7oo; Rock Island. $500: Consoli
dated Gas, 5000; Continental Tobacco TO- 200
Denver and Rio Grande. 5000 Denver and Rio
Grande preferred, 450o; Des Moines and Fort
5Dodge. 5000; Federal Steel, $4,000: Federal
Steel preferred. 1900; Manhattan. 4s, 200; Met
ropolitan Street Railway. 49, 100: Missouri Pa
cihc' 300; National Steel $780, North Ameri-
can, 1900; Peoples Gas and Coke. 5000; Union
Pacific 32o0; Tennessee Coal and Iron $500 /:
CnIte1 States Rubber, 1900.