The San Francisco call., 1899-12-06
EASTERN MARKETS
Nc1O York Stock Market.

NEW YORK. Dec. 5.-To-day's events In the
stock market brought additional discourage
uent 20 those who had been attempting TO
maintain or advance prices of securities Liqui-
dation was the order of the day and many
holders who have waited f0r weeks on de-
ferred hopes of the situation clearing up and
the bun market being inaugurated, threw oyer
fhelr holdings to-day. The weakness was most
apparent M The industriais and spocalties. bat
1hc railroad stocks were very generally sold.
There Has same buying of stocks last week
On The presumption of speculative protest. ionals
rhaf the Presidents message was 20 be
hullIsh document and its puhlicatlo to-day
brought profit taking from those sources in the
natural order - events The paragraphs of
tne message bearing on The subject OF indus
trial runIblnatlUns WAS tire GROUND fOr special
r,eai isress If me Industrial iepartn,ent Ouite
number az these securities are from one TO
ffrof points lower ol the day. 4 single lot OF
Trited states Mailing preferred sold az y
against --i4, fhe last preceding sale. This stock
colo oa September l5 al 1hia. But the principal
Influence iu the days weakness was the money
selling and the exceeding dulness OF the tn
tcrKenluE periods reelected the operation of
loan contraction by the banks, the successive
Gaming ni loans throwing blocks ot securities
upcn the market. which found support
awaiting hein. mere were some sllsht slgns
~ Arnhnst in The carly dealings ana especially
in sugar ana some OF the railroad stocks. The
iruuk limos remained comparatively lrm
throughout but the slight evidences OF strength
elsewhere gave way to the general tde OF
weakness. tall money reached per cent early
in the day ana receded to before the close.
hut the easing ri thc rate did not bring any
strength to stocks in view OF the general out
look. shipments ~ mon. are stan being made
l. New orleans ana the New York exchange
rate an important .intcriQr centcrs continues
q material discount. Notwitlsfa ncfng yes
fer5aE' 's disbursements hy the sub-trels Iry of
over 100000 on account ~ bond redenptions
that iustltyfiCn was a creditor AZ the clearing
house thr morning 10 the extent %: over 500 b.
o0 lff gain from she banks since last Friday
has reached 81. 6s3 1e4. The ma Jsrity ~ tLs.
hanks being -ilN very near or below their legal
i. preserve requirements Hiss shrlnhagc Ia re-
sources ls forcing sfill further contraction ~
loan liabilities The tendency les Increased by
the approach of the annual settlement period
for corporations and preparations Tor the spe-
cial demand for money which VIII be made by
ff upon the supply Sterling rates again sd-
aanced TO-DAY iu New Nort Paris and Berlin.
fi1fw.ifhsfandl1E further easing of the rate
far cali money a. fhc English center The
New York rate is now within a fraction of the
gold export poinf and ID be- paipahie ;hat only
"a stlG rafc Tor money ln the local market VIII
hold IL below hat point. The closing ~ The
stock market was generally easy and near tie
low point
pr.oes - bonds declined In sympathy with
stocks Total sales. par value. $3.50 900.
United States new A. and old a. Registered
advanced q. and DO coupon and 81 !. !n the
MA urlce The - declined u