The San Francisco call., 1899-07-19
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK. July iS.-The stock market con-
tinued dull and neglected almost TO the point
Of stagnation to-day. Prices drifted quite aim
lessiy up and down except in a few stocks
which were influenced by individual causes and
net changes for the most part were very small
The opening showed some slight animation and
higher prices in sympathy with London, which
had advanced Americans before the opening
here and seemed 10 take the more cheerful view
Of the general outlook. The money market
there was reported rather easier in tone, but
the Bank of England continued TO do prac-
tically all OF the money lending at a rate
well above its official minimum rate OF dis
count and sterling exchange at Continental
centers showed additional sharp advances. In
New York, money was rather easier in tone,
but the rate stiil continued above those at
some other domestic centers, SO that the sterl-
ing exchange market, though hard, was not
QuOtably higher. L Is lntlmated that money
an outflow Of gold and the additional Sugges-
lion is heard that Chicago may supply London
with some gold on direct movement. There are
Yt S7atsnanfs Of railroad earnings con-
tInue to break previous records, st. Paul lead
ing to-day on returns for its second July, with
an increase Of 1921, 582 over last year. Tu-days
recovery in Brooklyn Transit amounted to two
points net and in Metropolitan Street Railway
to IA. Notwithstanding the favorable Incl
dents the local stock market showed no dis
position to follow London's early lead and the
opening gains were soon lost The only move
nents OF any Importance were in isolated
stocks mostly industUials. Sugar and Manhat-
tan showed early depression which was not
though the former shows a small net gain;
American Smelling at one time 294 and
General Electric IA. but both reacted point.
New York Air Brake rose points and then
dropped IL The Tobacco stocks came into late
demand and gained from IL to 22s. the latter
Continental Tobacco common. Rubber pre-
ferred. leather preferred, Tennessee Coal Tin
Plate, Federal Steel, Peoples Gas and a few
other stocks had periods of strength. New
York Central more than recovered yesterday s
decline and some firmness manifest
among the Grangers, Pacifics and Trunk
lines, but the coalers, SOuthwesterns and
Southern stocks showed a slightly yielding dis
position. The whole days business footed up
only little over a quarter million shares and
Brooklyn Transit Sugar and Manhattan alb
sorbed a large proportion OF this.
The bond market also very dull and price
changes were small and mixed as in stocks.
United States IS coupon declined Il and the
old As registered 4. while the old IS coupon ad-
vanced y In the bid price
The total sales of stocks to-day amounted TO
262. SAB shares, including: American Smelling.
1900; American Steel, 10 900: American Sugar
L. 600; Atchison preferred, l2,500 Brooklyn
Rapid Transit, 46,50O; Burlington, 5000; Cont
mental Tobacco, $500; Federal Steel, $500; Man
haitian. 3l,50o; Northern Pacific 510O; Reading.
second preferred. 360O Rock Island, $500; St.
Paul, l5:l00 Union Pacific: 5000: American To-
bacco. 500; Missouri Pacific, 5000; New York
Central, 7300 Pennsylvania 500.