The San Francisco call., 1899-11-04
EASTERN MARKETS
NclU York Stock Mayke:.

NEW YORK. Nov. 3.-The opening dealings
in the stock market were very animated and
the course OF prices was upward. Continued
activity by the various pools was apparent in
the stocks which have advanced within the
last few days Heavy realizing in evil
dence at a very early period in the trading
and the snap soon taken out of the up
ward movement. The volume of the selling
was much reduced below the best prices but
the demand also fell off and support seemed
TO be withdrawn from the manipulators'
specialties. The course OF prices was generally
downward for the rest OF the day One or
two efforts We're made to check the decline
but without great effect The bears made no
great demonstration until the final hour, when
prices touched the low point of the day. Gov
ering by the shorts rallied prices, but they
were not we'll held and the closing was rather
heavy and duh. The general level of prices
IS lower on the day, but there are a few ex-
ceptions. United States Leather continued a
conspicuous figure in the speculation and was
rushed up an extreme 5A points to 5S%4 and
closed g below that. The preferred stock
parted company with its junior after rise
of nearly a point and was decidedly weak for
the rest Of the day, declining an extreme 39s
with final rally Of Is. Dealings in Southern
Pacific continued a very large scale but
the stock at no time more than a above
last nights level. Sugar dropped point, raj
lied and fell again below last nights level.
Manhattan, on the contrary, rose q point. but
fell again to III ana rallied but feeby stand
ard Rope opened up p and then turned down
ward an extreme "a. Brooklyn Transit also
developed weakness early in the day and went
below SO at one time. In the first i've min
utes of trading over IL 600 shares OF Chesa-
peal1e and Ohio came on the market with only
a slight impression on the price. These ex-
amples indicate the prevalent disposition To
take profits for the long account. The ma
tority OF railroad stocks were singularly neg
lected with the exception of some early de-
mand for the Southwesterns, which gave way
in the late weakness. During the first two
hours OF trading there were but two transac-
tions recorded in st. Paul. There was some
selling for London account, but II was well
absorbed during the early period Of strength
in this market. The reactionary tendency was
due to the growing apprehension of an un-
favorable bank statement tomorrow. Money
was not stringent, but was firm at to per
cent The banks have lost sub treasury
operations some S2,6S1000 after allowing for
receipts Of 81. 900 900 in gold and Government
posted at the sub-treasury for transfer to the
interior. According to statements compiled BY
the leading banks they have made net ship
ments to the interior by express OF nearly
50 600 0O0 This would indicate a net loss "a
the best banks in cash OF over 81 500 O0g. The
on a large scale during the week. that this
loss in cash is offset, in part least Last
Saturdays S statement was believed to have
made more favorable showing than was
yrarra nted by the actual condition OF the banks
and the vagarIes of the average system rnny
throw some Of the unfavorable factors over
into this weeks statement
Honds after some early signs of strength,
Welded in sympathy with stocks. Total sales
mar value 80 $50. 900.
Trnited states Is advanced Y, the IS u and
the new IS Is In the bid price