The San Francisco call., 1899-09-09
EASTERN MARKETS.
Ne7u York Stock Market.

NEW YORK. Sept. S.-Consderable stock was
thrown on the market to-day as a result of the
fears Of war between Great Britain and the
Transvaal. and the condition of the local money
market was a continued cause Of uneasiness.
The market took the offerings very well, and so
no very wide breaches were made in prices.
First prices of a number of the internationals
were the lowest of the Gay. notably Kansas ana
Texas preferred and Norfolk and Western pre-
ferred which fell 12s and 1 respectively. De-
clfnes were not down to the London parity as a
rule and vigorous support forthcoming at
the decline
Kansas and Texas preferred and Norfolk pre-
ferred recovered their losses, and there was
rally all along the line. Near noon there was
renewed weakness on the circulation of alarm
ist rumors regarding the outcome of the Brit
ish Cabinet meeting. The general level Of prices
fell lower than on the first dip. There was
movement TO cover short contracts when au-
thentic reports received of the better feel
ing engendered in London after the Cabinet
meeting About the same time Manhattan
taken in hand ana marked up over Two points.
Nietror6Ijtan Street Railway Sugar and Brook
lyn Transit rose simultaneously. The general
level Of prices rose a large traction, Sufnclent
in many cases to wipe out earlier losses. There
were some subsequent wide movements in spe-
Citiat ana dulI rrices not again being material
" changed. Tennessee Coal rose aggressivey
10 III IN the final dealings. and Manhattan
touched JIG, the specialtieS ReneraIly showing
some response. Pacific Mail suffered loss of
nearly four points on the statement OF de
crease in July earnings, hut rallied afterward.
Tin Plate, American Hoop, the Tobacco stocks
Third Avenue. Metropolitan. West Side Ele-
waited preferred, Leather preferred and National
Steel. and among the railroads, Erie preferred
Colorado and Southern FIRST preferred North
western. Omaha. Lackawanna. Hooking VAL
ley preferred. Fort Worth and Rio Grande and
Pittsburg Cincinnati Chicago and st. Louis
preferred. The tightness of the money market
was unrelieved. time loans were held at per
cent and call loans for the most part ranged
from five and up 70 six per cent The late fall
in call loans occurred after the needs of most
Of the borrowers had been met and was with
out significance. \ further decline in the sur
Mus reserves in tomorrow bank statement is
a foreeone conclusion The movements of cur
rencv by express indicate net loss to the in
terror by the banks II nearly 81, G00, 600. and
the sub-trea sury has gained from the banks, in
Guiding payments for taxes and deposits for
telecraphic transfer to the interior. s5536 0O0.
No set-off Is apparent against this loss Of cash
Of inward Of s., 500 600 Sterling exchange in
New York fell a sharp fraction this morning
I'm spite Of higher discount rates in London.
Lut the bankers rates for demand sterling
parrlv recovered in the afternoon. The recent
frmness Of sterling exchange is attributed to a
demand for bankers bills to cover short sales
made against cotton bills.
The bond market showed yielding tendency
on a r1oderate te volume of transactions. total
Gales par value. S2. 0l0. 900.
United States bonds unchanged in bid quota