The San Francisco call., 1899-01-25
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK, Jan. A.-Enormous realizing
and short sales to-day materially affected the
quoted prices of stocks. The dealings were in
excess Of a million and a third of shares, and
at time did prices of the higher valued rail-
road stocks reach yesterdays closing figures
Heavy sales in the early dealings were caused
partly by the lower range of London quota
ttons, and there were numerous declines eX-
ceeding a point. A sharp upward movement
followed, support being extended to Michigan
Central, Union Pacific preferred. General Elec-
trio, Peoples Gas, Manhattan and Missouri
Pacific; New Jersey Central, Tennessee Coal
and Iron and Federal Steel common also
lifted. The trading element began to sell free
1v q 6 the effect of heavy nroit taking Uas an
preciated. The market at first became dull as
prices receded, but the selling gradually as
eumed larger volume. and quotations rapidly
crumbled away, eventually weakening prac-
tically all stock traded in. In the absence of
TO technical conditions. BY reaching stop-loss
orders in the more active shares material
point or more difference in quotations between
transactions Money continued easy. and the
banks were expected to make another gain in
cash this week. The movement Of money from
the interior and from California continues
heavily in favor of New York. The lowest
price Of the day was made in the final hour,
and selling at that time wiped out the gains
in stocks made earlier in the day.
The extreme breaks in the VanderbIlts ranged
up to AZ in Northwest. In the Flower special
ties the largest break in New York Air
Brake points The drop in the Granrers
ranged from points in Rock Island and 70
81 in Burlington. Among the coalers the
slump ranged up to Ak in Reading first pre-
ferrred. In the Pacific the extreme drop was
4 points in Union Pacific preferred Pennsyl-
vania. dipped S%, American Malt g. and Gen
eral Electric 3.
New York, Ontario and Western was the
most active stock on the list, and dropped 21a
points.
A number of wagers were settled to-day when
Missouri Pacific, dividend rumors crossed
Northern Pacific common in the forenoon trad
ing. feature Of the market was the resump-
ton Of activity in the middle class and low
priced stocks.
The bond market displayed early strength,
but later yielded in sympathy with the reac-
tion IN the stock market. Total sales,
SO, ,260 000.
U. S. 2s and the old 4s coupon, declined v
in the bid price.
Total sales Of stocks to-day were 1885,. .ssa
shares, including %. 250 Atchson 10l $50 do pre-
ferred. 77S0 Canada Southern 20 asO Chesa-
c. and St. Louis 1900 do preferred 1854 Della
ware and Hudson, 34G0 Denver and Rio Grande
preferred. 1920 Erie preferred 1000 Illinois cen
tral, IT, 400 Louisville and Nashville 16 500 Man
haitian, 5000 Metropolitan no Reading pre-
ferred. 93,625 Missouri Pacific. 1000 New Jer-
eey Central. 1920 New York Central 2l S2F
North American. 24.320 Northern Pacific 7e1s
do preferred. 1915 Ontario and Western 7e 9of
Reading 1900 Rock Island. $50 Union Pacific
IS. 100 St. Paul. $500 Central Railway eeSc
Southern Railway preferred. g. $40 Union Pa
cifc preferred. 1920 Wabash preferred $500
Paper. 1850 Tobacco. 71210 Steel s265 Steel
preferred, 10 $50 Peoples Gas, 3443 General Eiec-
Mail, 1861 Sugar. 81. $40 Tennessee Coal and
Iron. G100 Leather preferred 3057S Western
Union. 9670 st. Louis and Southwestern d 1or
Chicago and Great Western.