The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-11-11
EASTERN MARKETS
Ne1U York Stock Market.

NEW YORK Nov. 10.-The early part OF the
day IN the stock market was given over 10 a
continuance Of the throwing over Of stock
holdings which was in evidence yesterday. The
liquidation was on a large scale and embraced
oil departments Of tho list. The more highly
speculative industrials showed the widest
changes, but the selling Of the standard rail
road stocks was fully equal in amount. There
no stock or group of stocks which took
q conspicuous place apart from others unless
It might be said that the iron and steel stocks
were relatively somewhat frmer than the gem
eral list. The same might be said of Northern
Pacific and Union Pacific Declines at the low
point exceeded a point for many standard rail-
road shares and in few cases reached up
ward of two points Leather. after a break of
five points, rallied somewhat and retired into
the background Of the trading, transactions in
II being smail Ior the remainder Of the day.
Sugar and Manhattan We're rather weaker than
the balance Of the list but they rallied with
considerable vigor The latter part of the day
was given over TO a gradual and very general
recovery OF part OF the earlier decline on a
much diminished volume Of trading Most Of
the leading railroad stocks rallied large fra p
tiCn and a number Of the trading spacialti IS
between one and TWO points Considaration ~
the money outlook continued to dominate sentf-
ment In the stock Exchange The banks con-
tnued TO call loans for large amounts the
rate for call money opening at - and running
up 70 - per cent Large amounts of stocks
held with borrowed money were thrown mon
the market. After each successive period of
liquidation the market fell into q condition OF
semi stagnation. During the afternoon the IA te
for call money dropped off as low as 9 per cent
and the demand for stocks developed which
caused the recuperatIon in prices to the closing
level. The usual preliminary estimates of the
weeks cash movements shOwd rather smaller
shipment to the interior than had been esti-
mated, though the loss to the sub-treasury Of
So 100000 was up to antcipatons The week :
net loss in cash is figured over 81 600 900 from
all causes. The easing in the money rate to
day served TO ameliorate the dread that To-
IQorTow's bank statement would show an in
crease in the deficit. The loan contraction dur
ing the week has been large. There wae a
rImor on the floor OF the exchange that the
banks resources had been increased bv means
of cash deposits by institutions in New York
City, with a view TO relieve the situation This
rumor could not be traced to any authentio
source but affected sentiment on the Stool,
Exchange and inclined speculative opinion t.
look for another surprise in to-morrow's bank
statement. The stiff money market resulte
in a. further drop in sterling exchange rates
which assisted also by buying of stocks
here for London account, estimated at as high
as 60 900 shares New York exchange at Chi
cago rose again to par, but at New Orleans the
exchange continued to against New York
Prices Of bonds moved in sympathy with
stocks early in the day but failed to respond
10 the late recovery. Total sales par value,
& 800. 900.
United States 3s advanced u and old As reg
istered u in the bid price. The SIS registered
declined H.