The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-06-13
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK. June 12.-There was evidence
Of large buying by powerful financial interests
IN a limited number Of stocks and of manipula-
ton TO advance prices in the stock market to-
day Speculation otherwise in
what Quiescent state. Outside Of the special
cases where prices were supported the bust
ness done rather heavy, Many OF the rail
roads ranged downward within the limits OF
point during the early trading. There
organized buying throughout the day OF Fed
eral Steel, which was marked up nearly 8
points and closed almost at the top There was
some sentimental effect by this other steel
etocks. American Steel and Wire responding
late in the day on covering by shorts, but
none Of the gains in the group were well held
outside of Federal Steel. The so-called Flower
stocks all well supported and Brooklyn
Transit shared its strength with Metropolitan
Street Railway and Manhattan. This group of
New York traction stocks showed the effects
of realizing from time TO time during the day
aiLu mat 'all as dT1sfsed oeIo" last nights
ciose pS It's weight. ne graasers were taken
up al one time, St Paul in the lead, but did
not retain all of the gain and in some in
stances more than lost IL The coalers were
pretty well sustained also. Other points of
strength were Chicago Terminal preferred.
Denver and Rio Grande issues and the newly
issued Wisconsin Central stocks. Sugar fiuc-
tuated up and down during the whole day. but
always above SATURDAYS level II rose at one
time points, but lost 1t all before the close.
There was no evidence Of outside demand
70 keep the market up and the railroad group
foreign stock Exchanges, on account of political
disquetude. The announcement of the resig-
nation Of the French Ministry helped the late
I5tIcton IN prices The engagement of an ad-
d!tional S2D0oOOO OF gold for export tomorrow,
although the probability Of IL had been init
mated also weighed on the market. No effect
was apparent in the money market, which con-
tnued decidedly easy. Exchange also though
IL hardened a shade, continues a broad fraction
below the point where experts can figure a
pront on gold exports. 1t is. in fact, generally
admitted that the gold movement is due to the
actuaI buying of gold in this market to re-
plenlsh the reserve of the Bank of England and
probably also for Russian purposes. This is a
precisely similar operation 10 that undertaken
D. the United States Government through a
syndicate to replenish the gold in the Treasury
during the last administration 1t is TO be
noted that while the foreign money markets
are thus drawing on New York for gold as the
most available source New York banks are
offering special inducements, such as paving
the eXpressage bills RENTED by interior
correspondents. TO secure a supply of legal
tender notes to meet the demand of active
business
The market for bonds was dull and sluggish
and changes are mixed. Total sales par value
S2.5OOO00 United States As and the 5s de-
clined Is in the bid price
The total sales of to-day were sos 3S2 shares
including: American Steel and Wire ~ 50o
90 preferred, 3100 American Sugar So 200 !:
American Tin Plate. 1900; American Tobacco
$500. Atchison preferred, Il. 600; BROOKLYN Tran.
GOO; Chicago Great Western, 400: Chicago T
I. preferred, $780, Consolidated Gas $500. Com
tlnental Tobacco, $500; Denver and Rio Grande
1900, do preferred. 7400; Federal Steel a 500 A.
preferred, 1900, Manhattan 3s 700: MetronoIitan
$500; Missouri Pacific, $500; New York Central
$500: Northern Pacific 6200: Pennsylvania. 400,
Peoples Gas of Chicago. 10, 500; Reading first
preferred. 1900: Rock Island 1900; St Paul
80. 700; Southern Pacific 1900: Union PacIec
100; do preferred. 300; United States Leather
SOU United Rubber, 320O; Wisconsin Central