The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-12-16
BradStreet's Financial Peviezu.

NEW YORK. Dec. l5.-Bradstre.t's nnanc,ot
review Tomorrow will say: Although cali
money rates did not go 10 an extreme tbara
was iurther pressure in the loan market re-
suitihg IN declines and liquidation throughout
the security list. more particularly in indus
trials and specialtes The selling In sor,a 80
was OF a kind that would plainly indicate tbat
Gun pools or large speculative interests were
compelled to let 20 Of their holdings Bearisb
interests were very active and after adding 70
the depressing factors by their sales beInas H.
market 10 steady itself as il did on Tbursda a.
by covering extensive lines OF shorts
Inc market had before it throughout the
week the fear OF gold exports, exchange rates
advancing in a way which Indicated that goId
would probably be taken from New York o.
London as the latter seemed unable To nroc,ire
a supply at Paris. the actual result baing ~
engagement OF s.. 900 FOR shipment bY to-
the treasury have ceased because OF the sba ~
rise in the market price Of governments baJ
bad eject, as II cut of relief through the ac-
ton of the treasury and there was a general
disposition 10 call on Washington for flrthsr
assistance 20 the money market. Not until
any steps to meet this desire. The announca
ment that January interest on the public dabt
the month. though tardy. was well received and
aided in steadying the market. Meantime de-
velopments had occurred which tended TO unset
tie the speculative situation. The fact thar
large interests in Boston Identified u,isb
the management OF corporations whose 60
curities have been active in thai ~
ket in difficulties with resnsc, maj,
their holdings of mining and other sbaraS
reached Wall street in a somewhat Indirect W.,
not clearly understood and gave rise IA a - -
port that there danger In the sno~,ie
tive position OF large people In the New, vi,
market. Later on when IL became know, ~,
the Boston troubles had been adjusted ana 20
BANK there which was involved in them had
been helped through by an issue of So zoo eoa
clearing house certificates a feeling OF reiieS
was apparent. IL may be noted however tbst
the heaVy sales OF pool stocks and the breaLs
In the manipulated specialties were Apparently,
started by the unfavorable DEVELOPMENT AT ros
ton and under the actual money market condi
tlonh gained Roadway as they proceeded Tba
British repulses In South Africa were also
among the depressing factors leading as tbey
did 10 foreign selling, which on Wednesdsy
reached as much $4,000 or more shares -,
stocks Considerable amounts OF high GRAD
bonds are said TO have been sold in New ~,
az late for foreign account. in some instarcae
at concessions. On Thursday howei.sr
London removed its attitude and boush,
stocks 10 some extent. on the whole 9bs
foreign influences We're adverse and aidaS
the disturbing factors TO keep the the r,a
ket IN nervous state. in which neither earn
ings. dividends nor rights like those 10 sub
scribe for the 10 per cent stock incraasa SUI 10
the Pennsylvania Railroad had any effac, ~
checking declines. II would seem bowarar
that the liquidation Of weak accounts 81;
unsound speculations have been thorough 80
as the public shows little disposition 10 ,-a5 -
in stocks there has been n good deal ~ -.
and out buying at the concessions nv nar,,a
nent or temporary investors. dividend Vim,
shares receiving much attention from snc66
quarters. OH