The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-03-28
EASTERN MARKETS.
NEW YORK STOCK MARKErv.

NEW YORK March 27-Nearly all stocks
made advances to-day and some of them were
OF material proportions. Various reasons might
be assigned for the movement in individual
stocks but the principal motive for the gen.
eral rise was apparently that the steady ad-
vance of prices of late had again aroused the
outside public 10 buy. The dealings reached
nearly one and one-quarter million shares Ag-
gressive bull manipulation by the leaders of
speculation had seemingly caused the public to
cease waiting for an immediate opportunity to
secure stocks at lower level The market
opened under an impetus of higher quotations
from London, and though large realizing on
paper profits was apparent from time to time
the advance continued pretty steadily until
near the close when the rate for call money
reached per cent, leaving the range for the
day from 70 6, with the last loan at D
Quite a number of new higher price records
for stocks were made to-day. The strength
olSpiayed on saturday Drought large NUM-
her OF commission house orders TO purchase
stocks. This caused pronounced rise at the
opening and induced the elimination of many
short contracts The principal activity was IN
the Flower stocks there being, for instance,
5000 shares Of Federal Steel sold at the open
ing over a range OF four points, and the stock
made net advance OF 65s on reports that the
earnings were large Brooklyn Transit rose
FIVE points on rumOrs that the Brooklyn Ele-
waited had one-half million dollars in cash
pany- The continued talk of negotiations for
a combination of the gas and electric light in
terests of Chicago was used to the benefit
of Peoples Gas to the extent Of over point
ments were American Tobacco, 10; Continental
Tobacco, +; Metropolitan, 81; Third Avenue
f. and Consolidated Gas, 35s- The largest i'm
proVements among the leading railways was
2az in Northwest. February traffic returns at
tracted much attention, they covered the
period during which traffic was somewhat In
terrupted because Of the storms st. Paul s
decrease Of something over $4,000 in the net
was due 10 the increased operating expenses
the gross earnings having SHOWN an increase
In the case of Atchison the road again report
ed over $lS6,09O. although the gross earnings
Of the road decreased about s97, co., Among
the Southwestern railways, Wabash showed a
net increase in February earnings of nearly
SIS, o00 The market closed with no decided
tone and heavy trading. The bond market to-
day made an aggressive show of strength
heavy purchases Of the active issues being
made at substantial improvements. Total
sales. s.. 105, 900.
United States bonds were unchanged in bid
quotations.
Total sales of stocks to-day were 1,232 900
shares, including: Atchison, 7400: do preferred
42,540; Central Pacific. 1880; Burlington. % 22O:
souri, Pacific 29. l50 Missouri. Kansas and
Texas preferred, 5000; New York Central, IL 1870 (;
Northern Pacific, 1900; Rock Island, II 600;
Union Pacific. 11175; st. Paul IL. 900: Southern
preferred 1880 Texas and Pacific, $500; Union
Pacific preferred, 1870; American Steel and
Wire, 4320: do preferred, 1000: Paper 40:
Federal Steel. 6, $50; do preferred, IA 277; To-
bacco, $500; Peoples Gas 26, $50; Consolidated
Gas, $780, Colorado Fuel and Iron $500; Brook
lyn Transit, 100, l45 Sugar, AGO: Tennessee Coal
and Iron, 10 400; Leather preferred. IL 600; Rub
5000; Chicago Great Western 13 800.
C-T