The San Francisco call., 1899-10-24
EASTERN MARKETS
Ne1v York Stock Market.

NEW YORK. Oct 23.-The market gave con-
vluciug evidence to-day of substantial growth
O. bull sentiment I'm Wall street The dealings
took on more appearance Of animation than at
any time since the violent downward course
of prices when the money situation first be
..an to awaken anxiety. Dealings We're very
well distributed in that almost every depart
meut OF the security market was represented
in the advance. Handsome gains in prices
were achieved in many prominent stocks and
in d large number Of cases the last prices were
the best In other cases proht-taking made
notable inroats upon the day 5 highest prices
and some effort was obvious IN sustaining the
market in the closing deaIlnss- II was d
notable feature of the market also that while
"a number of members OF d distinctive group
of stocks would show great strength and ac-
tiyIty. other members Ct the same group, seem
il-.y dependent on the same influences, would
remain Quieseeut and almost 1mmovable. Thus
while Louisville and the Norfolk stocks ad-
Nauced vigorously, other conspicuous southern
lines OF railroads We're quite unaffected Again
while the srangers also as q rule were strong
and active. Northwestern scarcely moved ana
Pacific stocks. including Southern Pacific, show
ed very slight response to prevailing strength.
The New York, Chicago and St. Louis stocks
We're subjected to rather palpable manipuia-
ti1u. the first preferred rising an extreme
eight points and the second preferred six
points New York Central was also Vigor-
glsiy hulled To maximum price OF l4o. The
high-pTieed speCialties, including sugar, to-
tacc1 and Peoples Gas and the local traction
stocks. We're all quite agsresslNely strong.
The largest activity was in the leather stocks
ard the buying in them continued until the
close. the common crossing l9 and the pre-
1rrr-i touching 81 This enumeration includes
the most conspicuous Instances Of strength.
There was the same time notable back
ward movement in Pullman, Laclede Gas and
Anaconda, which show net declines respec-
lively OF y, o and . points American Malt
ing and one OF two of the iron and steel stocks
also reacted and Glucose Sugar preferred drop
ped Q points in spite of the strength of the
common stock How far the days strength
was due 10 covering by the short interests
which common credence places at still larger
ITou1rti 'us. il would be difficult to say. The
public had little TO do with to-days rise. But
professional operators Of a large caliber took a
conspicuous and confident part in the market
The continued downward course of sterling
exchange affords relief from all apprehension
Of good exports. But no prospect IS discern
able of easier money conditions. Call money
today sitter at and per cent and time
loans for all periods again came back to 6 per
cent. Exchange continued TO move in
favor OF the interior against New York
Recent large expenditures by the Government
show a declining tendency and thus threaten
q renewed drain on the New York banks in
taking up the Government surplus. To-day s
movement OF stocks demonstrates how com
Iletely the money outlook was ignored There
was very heavy buying Of Green Bay income
"E's" at an advance Of 2hs.
The bond market was moderately active at
advancing prices. Total sales. par value,
81 So 1oo.
United States 90 advanced u and old As reg
istered declined y in the bid price.
N~t-yEr I-0I9Ly CT0TLy I