The San Francisco call., 1899-07-08
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK. July 7.-Sentiment on the Stock
Exchange favored lower prices during the
greater part OF to-day's session. hut the feeling
changed in the late dealings and prices We're
brought well above yesterdays level before the
close The late strength originated in the south
western group Of railroads Missouri Pacific
Kansas and Texas preferred, Wabash preferred
Texas and Pacific and St Louis Southwestern
preferred all rose between one and two points
and aroused an active buying movement IN
other portions OF the list. It notable, how
ever. that some of the stocks which have en-
joyed the largest share OF attention recently fell
into comparative neglect when interest began
10 be manifested in the southWesterns. The
grangers. however, after morning declines aver
aging a point were bid up we'll above last
nights close in late dealings. Good weather in
the Northwest and weakness in the wheat mar
ket and Bradstreet's decrease of o0o0 bushels
in European wheat stocks We're the motives for
the buying OF the grangers. Part OF this buy
ing was said To be to cover shorts put out
yesterday. Atchison preferred led the late mar
ket in point Of activity and strength, rising
2l2 points above the early low point. Manhattan
showed independent strength before the market
generally had turned upward The stock rose
u within shade of 122. but reacted about
point. The upward movement in Pennsylvania
and New York Central 4 the opening on a
published report OF a plan consolidate, did
not hold the general market. though these two
individual stocks maintained the advance IN
prices pretty well. Practically the maximum
gain for them was established in London be-
at 13s only mOmentarily and rated not far from
l37 all day. The early period of the market
given over to continued liquidation. The
industrial specialties and local traction stocks
were notably weak. The late strength Of the
nouthwesterns were shaded by Chesapeake and
Ohio, Cleveland. Columbus. Cincinnati and st.
Louis Tennessee Coal and Colorado Fuel The
growing Of the money market helped the
late recovery in values. The fears of dearer
money in London gave away under the advance
Of the Continental exchange on London. The
call rate dropped from Sc 10 20 in London ac-
tual rates for sterling exchange fell = to p in
New York and call money was offered down
to per cent in New York
Railroad bonds were only moderately active
and showed mixed changes, Total sales, par
value. $3, 3s5. 900.
United States new As advanced 4 in the hid
price.
The total sales Of stocks to-day were 5T3 $50
shares. including: American Steel and Wire
500: American Sugar. SO 400; American To-
bacco, 1850; Anaconda. $500: Atohison, Il 500:
Atchison preferred S., 300; Brooklyn Transit
40.70O Chesapeake and Ohio %, POO: Burlington
20.20O: Chicago Great Western 5000 Cleveland
Columbus and indianapolis. 500; Continental
Tobacco. $500; Federal Steel, 1900; Manhattan
So, 500; Metropolitan, 1900; Missouri Kansas
and Texas preferred. 800; Missouri Pacific.
2.5o0: New York Central, 16 600; Northern Pa
cific, SSee; Pennsylvania. 90, 500; Peoples Gas.
1900: Rock Island. % 500; St. Louis and South
western, $500; ST Louis and Southwestern pre-
ferred, 92c0; St Paul, % 300: Southern Pacific
400; Tennessee Coal and Iron. %. 300: Texas
and Pacific, 5000; Union Pacific 10 900; Union
Pacific preferred, 1900; Rubber 1900.