The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-02-19
EASTERN MARKETS.
NEW YORK STOCK MARKET.

., NEW YORK, Feb. 1G-The net changes in
=. stock prices for the day were irregular, with
slight fractional advances predominating, al
though in some important stocks the advance
was considerable. The dealings were very large
for a Saturday short session, about zoo, 900
. Shares being traded in. London was early
seller and later repurchased about half of that
amount. more confident sentiment regarding
the situation at Paris accompanied the cleo
ton of the new President of France. Houses
= with Washington and Chicago connections ap-
peared as liberal purchasers and the selling
was scattered. The standard shares were gen.
orally strong, while the feature of the market
was the sensational advance in Tobacco, which
made net gain Of ia after an extreme adj
vance of almost 20. The dealings in this stock
We're of very sensational character, the vart-
etons between sales running either way from
to points. The movement was generally con-
si1ered directed against the short interests.
Various reports were current Of absorption or
friendly relations being established with the
stories were denied in other quarters. The mar
: ket became irregular after the opening exhibit
confident buying in others. Burlington was
TANNED down points and the grangers and
MEANWHILE Manhattan. which broke points
on. the order for the removal of the elevated
ITS early less. 1t was the aggressive strength
: of Tobacco which steadied the rest of the in
-dustrials, including Sugar. Metropolitan Street
Railway and Third Avenue displayed consider
able strength, as did number of the low
priced stocks. After the nrSt hour many STOCKS
: went up at a lively rate The appearance OF
. the bank statement, while about as ex-
: pected showing an increase in surplus and
an increase in loans, brought about consider
able realizing but covering of shorts lifted
prices again to some extent The market closed
active and strong.
=. the bears this week, waves of purchasing or
. Gers forcing retreats from one position to an
other. In the fore part of the week the market
was highly professional and cautiously ma
. 'nipulated lest the trading become too wild
.sfid thus render conservative spectators and
investors timid. Favorable underlying fea-
:: lures We're not different from those previously
prevailing, but the adroit ones. having ac-
-QuiTed stocks while the market was semi-stag-
): nant. wished them to advance. and as they
!. lifted them it became follow the leader -
>: which this week Burlington Gratuitously
: disseminated gossip that a purely trading mar
: ket to be expected had encouraged the put
: ting out Of short lines but the rising paper
values induced covering which at times was
livery urgent The continued prevalence of easy
, money the backbone of the price move
'.ment. Little impression made upon prices
by the increase in loans and decrease in reserve
shown by the bank statement for the three
= Saturdays ending to-day. There were various
j.. reasons assigned forthe increase of loans among
y. them-the financing of many Rotations of in
: dustriaI combines. trusts and amalgamations
: pending of allied railroad interests. The
: strength of the market despite the storms
: hampering traffic and reducing railway earn
..ings at. least temporarily was Indicative OF
=. In fact ali unfavorahle news. including the
=; death Of the President of France with its com
: values. while favorable news or rumors Of
PENDING developments quickly recruited the
ranks Of the optimists
- The weeks bond market furnished a number
OF features. including a revival OF activity in
the Central OF Georgia issues which ordinarily
are dull. The market generally displayed an
advancing tendency, with considerable in
:. grease in activity toward the end. United
States new 3's and the As declined 4 and the
: As registered and the 5s coupon - in the bid
price.
= The total sales of stocks to-day were 67S, 800
shares, including: Atchison. 1920 do pre-
ferred. 81; $40; Central Pacific; 27,7So Burling-
$50; Heading preferred. 1000; Missouri Pacific,
1900: Northern Pacific, 10000: dc preferred, IL
$40; Rock Island. 1920; Union Pacific, 1920;
ST. Paul. 74.2J0 Southern Pacific 1880; Texas
and Pacific $500; Union Pacific preferred 1900;
Tobacco. 1876, 500 Steel, 1000: do preferred 1900;
Peoples Gas. 1880; Brooklyn Transit, $500;
Sugar, II, 800.