The San Francisco call., 1899-01-15
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK. Jan. 1.-THE transactions of
the Stock Exchange to-day were the largest for
two hours session in many years, and had
the same volume continued for the usual five
hours trading it would have been within a
quarter OF million of two million shares. AS
IL there were nearly 100000 shares dealt
in and the average net rise in prices from
/ to 2 points in the shares which figured most
extensively in the dealings. There was a di-
version Of interest from the Pacifcs into
higher-priced stocks, the Changers being the
gamers. The excitement on the floor OF the
Stock Exchange was tremendous. There
an unusually large attendance OF brokers for
the short session, the constant Influx OF
outside orders rendered II necessary for the
large dealers TO transfer considerable Of their
business 10 the hands of smaller brokers at
the regular commission between members.
Stocks opened buoyant and active. High
priced records passed unnoticed in the con-
fusion. Brokers fought TO execute orders and
simultaneous transactions in many shares
widely apart London had early received large
tations from that quarter showed general ad
Vapces. The rapidity OF the rise brought out
sustained buying power Of the market absorbed
all offerings after a temporary reaction and
prices again mounted upward. The market
halted momentarily pending the publication OF
the weekly bank statement, but it's appear
ance, showing II did increases OF 81, 1872, 700
in the surplus reserve and SO, 200 in the loan
account. bullish enthusiasm was resumed with
violence. Commission houses were easily the
largest buyers. The extreme gains in the Pa
cihcs were only fractional while in the
Grangers they ranged from l in st. Paul to 4
in Burlington, and in the active coalers from
] to 2N. The Gould and Vanderbilt stocks
were comparatively neglected, except Southern
Railway The greatest strength and activity
shown in the Grangers, Atchison, the
Readings. Southern preferred Federal Steel
preferred and BROOKLYN Rapid Transit Points
Of heaviness Great Northern preferred
Illinois Central, Lead and Laclede Gas Cen
orally speaking, while there some sharp
recessions from the extraordinary high OPEN
ing, the market regained most of the decline
The market closed with some irreguarity but
generally strong and active. with important
gains in many cases. A noteworthy feature
was large rise in Burlington on renewed
gossip concerning the prospective refundng of
its outstanding bonds.
This talk. however. little more definite
than usual New York Air Brake made an
extreme advance of 9 points. while Southern
Railway preferred and Atchison preferred were
up over points each and Federal Steel com
mon. which has lately been rather neglected
although reactinR from top prices ended with
a net gain of lss. The largest trading IN any
speciality was in Brooklyn Rapid Transit which
had initial rise of points on confirmation
Of its acquiring control of the Nassau Electric
Company. The weeks business was the most
remarkable in the history OF Wall street
Transactions for the week in stocks reached
the enormous figure of 5.s12.00o making the
daily average for the full days session over
1000. 900 shares
Dealings in the bond market were attended