The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-01-19
EASTERN MARKETS.
NEW YORK STOCK MARKET.


NEW YORK Jan. 1S.-The stock market ex-
cept for initial heaviness in sympathy with
London, which in turn reflected the weakness
of New York closing yesterday. made a prac-
tically uninterrupted course upward. The gains
were fractional in the general market, while
the Changers and minor specialties made sub
~stantial advances. Investment purchases We're
very heavy and largely concentrated in the
Changers. Early efforts to cause a continu-
ance of yesterdays reaction lasted but short
time, as there was no evidence of important
liquidation and London sales of some $1,000
shares were well absorbed. Commission house
buying was renewed and the shorts were forced
20 cover in a number of stocks. The market
was comparatively dull in the forenoon and
. then gradually increased in activity and
strength up to the close. The feeling in Lon
don improved and there were some repurchases
of stock for that quarter st. Pauls increase
of sl44, 900 gross for the second week in January
inspired more confidence in that group of stocks
and there was an increase of western orders
TO. buy, compared with those of the last day
or two, which had diminished. The possibility
that Burlington might presently refund some
of. its bonds on lower basis, thus benefting
the stock, was much discussed, and Burling-
. ton rose over five points 1t was learned that
no action was taken by the Burlington drec-
tors in Boston to-day. Omaha rose in eXpeC-
tation of the declaration OF an extra dividend
at to-morrow's meeting Of the directors, and
Northwestern, because Of the benefit of which
action should accrue to 1t, advanced 31A points
lTduEIS seeing the support GAleHQeQ 10 the
market, successfully bid up prices whenever
opportunity offered. Sometimes it was Federal
Steel, other times Sugar or Manhattan. Cen
trail Pacific developed strength on the report
that the reorganization plan was practically
completed. The volume of business. while
greater than that of yesterday, lacked over
80, 900 Of reaching the million-share mark.
There a number of important move
ments in the bond trading to-day, conspicuous
among which rise of S15 in Fulton Ele-
waited fyes and four points IN Burlington con-
vertibles. The general market showed decided
strength all around. Total sa4es. So l05. Co.,
Government bonds closed unchanged for all
issues.
{: NEW YORK, Jan. 1S.-The total sales of
stocks to-day were S45,100 shares, including IL
$50 Atchison, 57,720 Atchison preferred, 81. 72O
Central Pacific, "a, ago Burlington, $3.50 Louis
Willie and Nash-i lle Is, 900 Manhattan, 1886 Met
ropolitan, 2l,520 Reading preferred 7435 Mis-
souri, Pacific, 55S2 New York Central, IS 400
N0rthern Pacific, 10, 400 do preferred "a 40 Rock
Island, H,70O Union Pacific. 80, 800 St Paul
$500 st. Paul and Omaha, 1862 Southern Pacific
1900 Southern Railway, 1920 do preferred
7730 Union Pacific preferred, q, $50 Wabash pre-
1erred, $3.50 Paper r. go Tobacco % $50 Steel
4720 do preferred, 1920 Peoples Gas 1880 Pacific
Mail, S. 24O Sugar, 80 600 Tennessee Coal and
Iron, ,S2O Leather preferred 1900 Rubber. 1920
st. Louis and Southwestern preferred, $3.50 Chi
cago and Great Western