The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-02-05
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK, Feb 4.-The stock market was
strong the greater part Of the day, but early
gains were lost and prices receded until they
had made a slight net loss on the day. The
bank statement decrease in surplus of about
ST. $4,000 the ostenslble reason for prices
running off in the late dealings. London was
a purchaser in this market and the market
there for Americans ended firm. Locally there
was continuance of purchases by large in
terests noted yesterday and round amounts Of
short contracts were covered Confident ley
ing of high priced stocks, including New York
Central and Pennsylvania, gave strength TO the
rest Of the list. 1t was announced that New
York Central was TO operate the West Shore
railroad more directly and that a separate or
ganization would be maintained only as far
as the West Shore board was concerned.
Among the other stocks showing conspicuous
strength the rise Wheeling and Lake
Erie preferred, Northwest, Rio Grande and
Western preferred, Denver preferred, Canada
Southern, C., c. & ST. Louis and Southwestern
preferred. which from l to points
Metropolitan advanced points of which IL
retained >. Third Avenue jumped liz of which
ii lost az and Consolidated Gas and Brook
Ign Union Gas retained 3l4 and 2l2 respectively
strength in these stocks II said that
Metropolitan was to absorb Third Avenue
This was denied, however and the purchases
OF metropolitan were said to be based on re-
suits expected from the operation of extern
sions about completed. The strength of the
gas stocks further consolidation talk
Great Northern preferred held points of an
even greater rise on intimations of a possible
distribution of assets to stockholders. Inter
national Silver gained 39s the day. Lake
Erie and Western cropped points on Being
relegated to the non-diYidend paying ranks, but
recovered more than half OF the loss The
common stock showed sympathetic weakness
early. but recovered and ended with frac-
tional advance. In the reaction ensuing on the
appearance Of the bank statement. especial
weakness was shown by Manhattan, Reading
first preferred. New York Central, Pens VI
vana. the Changers, Northern Pacific, Missouri
Federal Steel. Brooklyn Transit and Sugar.
The bank statement. which affected sentiment
adversely, was surprise in several respects.
Trading in stocks for the week left prices
lower for the more prominent shares. The
with the large dealings OF late, but were still
much greater than at this time in other years.
Money continued in abundant supply and rail-
way reports were generally gratifying. The
most important net declines for the week
were: New York Air Brake 90 Lake Erie
and Western preferred ga, and Reading first
preferred 3, but there were many smaller de-
clines in active stocks. which show the ten
dency to have been downward. Advances in
ferred. lSla Metropolitan Street Railway,
Il; Consolidated Gas, 1875; New York,
New Haven and Hartford. II; Burlington. Ce-
dar Rapids and Northern 10; Brooklyn Union
Gas. SIS: Great Northern, So Third Avenue.
~; Chicago and Alton. 6, and international
Silver. 51s. Denver and Rio Grande. Mobile
and Ohio. Pullman. Minneapolis and St. Louis
second preferred also made handsome advances.
The grangers showed losses ranging from over
! point to 3A, which was Burlington's decline.
Losses were quite general among the coalers
and industrials.
Business in bonds during the week was on an
enormous scale, with good tone United
States 3s advanced 4 and the IS registered Is.
The new As declined Il bid price.
Total sales OF stocks to-day were 456. 500
shares, including: $500 Atchison, &c. $50 do pre-
ferred. 1870 Canadian Southern. $500 Central
Pacific, u $50 Chesapeake and Ohio. 10. log Bur-
Iington, 1874 c. G. I. St Louis 72l5. D. & R. G.
u. $50 Manhattan 1880 Metropolitan 81 7S6,
New York Central 1875, do preferred 4720. Rock
Tpfar onfz md Gar EraN nfSCo TarQ-
ferred Il 420 Union Pacific l0,35O, do preferred
Is, no. St Paul 1910. Southern Pacific $3.50.
do preferred 6l41, Paper $500. Tobacco Is, $50,
Steel $3.50 Steel preferred 1920. Peoples Gas
$500. Consolidated Gas 1920, Pacific Mail 1850,
Sugar $500 Chicago and Great Western 1900.
St Louis and S. w. preferred $780, Northern
Pacific II COO