The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-05-17
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK, May 16.-To-day's market was
remarkably quiet after the recent excitement
the total sales being little more than half the
number Of shares sold during the pancky two
hours Of Saturday. Apparently there was no
such thing a bear Spectator in existence
but with the exception Of slight irregularity in
prices at the opening and slight relaxation
in values in the last hour of the market the
course Of prices was steadily held or moved
increasingly upward. This was rather contrary
10 the general expectation which was that
prices would tend downward in the absence of
buying by shorts, who were largely closed out
by yesterdays rise, and with less strenuous
support from the powerful alliance of capital-
lists who came to the rescue of the market
This combination was believed to be simply
for the purpose Of sustaining the market
against any precipitate6 attempt at liquida-
Mr.. Flower and his associates had in
augurated previous to his death was
conditions. and its continuance in full ever
since was hardly looked for Under the cir
cumstances there seemed fair probability that
some of the uncertainties incident to the
son might cause a reactionary tendency for a
time. But the professional traders after the
early transactions took the long side Of the
market and there was uninterrupted absorp-
ton Of an extremely varied list of stocks
throughout the day. Any INTERRUPTION tn the
advance threw the market into a lethargy and
nothing but d resumption of the rise brought
any activity. London scarcely a factor
on account Of uneasiness about the situation
in China. \ slight hardening in the rate of
tAtHdlEe nad no otner explanation than this
same uneasiness. Money in New York, how
ever, worked decidedly easier under the infu-
ence Of receipts from the interior. The money
market also benefited from Yesterdays pay
ment Of the y, 900 to Spain on account of
the Philippine purchase. The Flower stocks
especially Peoples Gas and BROOKLYN Transit
enjoyed the greatest advantage in the DAVIS
movement, but there were notable advances
also in the stocks Of other New York nunici-
pal corporations on the prospect of amending
the Ford franchise tax bill Stocks of the
various stee! and iron companies were also
strong, and there activity and strength in
Chicago Terminal. In the railway list Central
and Southern Pacific rose nearly 3 per cent on
q belief OF a beneficial effect of. the unifcation
OF the system. A number of other railroads
advanced 2 point and sugar is UP 3
points the dav. Tobacco gained 81 points
The closing was near the TOD and firm but
quiet.
The tendency OF prices was marked also in
the bond department. There was heavy ali
sorption OF Rock Island fours. and the Atchison
adjustment tours and Wisconsin Central frsts
were also strong and active. Total sales So
10000. "
United States threes declined Il in the bid
price.
The total sales of stocks to-day amounted IN
zi6.sl5 shares, including: American Steel and
Wire 15.400. American Sugar 80. 500. American
Ign Transit 1920. Central Pacific l6 800 Bur
Nngton n.00O, Burlington rights 1900 Chicago
Consolidated Traction BOO Chicago Terminal
$500, Chicago Terminal preferred 1900 Colorado
Fuel and Iron $500, Consolidated Gas 200 Con-
tnental Tobacco 1900 Federal Steel 500 Fed
eral Steel preferred 1900 International Paper
3l00 Manhattan Consolidated 6l00 METROPOLITAN
u. 300, National Steel $500, New York Central
1000 New York Central rights $780, Northern
Pacific $500. Peoples Gas % 200 Rock Island
Tennessee Coal and Iron 300. Union Pacific
$500 Union Pacific preferred $500 Rubber 1000