The San Francisco call., 1899-05-26
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK. Nav 25.-Transactions in stocks
were on a larger scale and trading showed
more animation than for several days past.
There were evidences of considerable out
side interest in the market. especially in rail-
road stocks But operations continued still
in every part In professional hands. 1t was
a conflict between the bulls and bears for su-
premacy and the bulls easily had the best of
it, There were several conditions that aroused
apprehension on the part of the bears, and
tracts from the outset. Apparently there had
been quiet picking up of stocks for the long
account in the recent depression and the hold
ers were as willing TO take profits If they
could get them as the shorts. They proceeded,
therefore. to bid mp the market and induced
quite an active covering movement for both
accounts. The decision of the Stock Exchange
t. keep closed over a double holiday from
the coming Saturday until Wednesday was
a motive for closing up accounts. both long
and short. The market hesitated only mo-
mentarily at the opening al which time low
prices for the day were made In nearly all
cases and then moved quite strongly and con-
fidently upward. There were occasional pauses
and sethacks and some irregularity and a
realizing movement in the late dealings brought
prices generally below the high level, but very
ca ses. 1t has been obvious for several days
that the short interest was becoming unwieldy
and a premedtated attempt was arranged TO
take the market away from the shorts previous
TO the coming holidays. Some of the factors
reports of railways earnings for the third week
in May which continued to be received this
morning. This especially true of the
Southwestern. of which the shorts were rather
free sellers yesterday. The rather buoyant
tendency of the wheat market continued
crop scare was, therefore, ignored and the
grangers and Southwesterns were quite freely
bought. Reports were circulated with the ap-
pearance of authenticity that the dividend dis
bursements for the current period on the Atchi-
son preferred stock had been practically de-
cided upon. The shorts who had sold doubts
n ha
passage Of the modified Ford franchise bill,
amelorating the conditions imposed upon New
Of stocks quite markedly London was a buyer
OF stocks to a moderate extent, and this was
change, which relieved some slight apprehen-
sion Of possible gold exports. Sugar and the
coalers were easily manipulated for a rise by
the bulls, and there were evidences of strength
in Southern Pacific and Central Pacific. These
conditions were too much for the equanimity
Of the bears. and they joined in the buying
movement with results above indicated Federal
Steel the most conspicuous exception TO
the prevailing strength
There a continued large demand for all
available classes of bonds, Governments in
cqded 30 ID prices pr are higher all around. Total
bid price.
The total sales Of stocks to-day amounted to
4S2' 500 shares. including: American Car and
F. $500; American Steel and Wire. 13 400;
American Sugar. 29,1oO; American Tin Plate,
300. American Tobacco. 1900; Anaconda, 3400;
Atchison. 1900; do preferred. IS 900; BROOKLYN
Rapid Transit, 52,7O0; Burlington rights. 10 500;
Burlington. "a 700: Chicago Great Western aG0o
Continental Tobacco, sio9 Federal steel is SGS
do preferred, 1900; Louisville and Nashville
5000; Manhattan. IS, 700; Metropolitan, 100: Mis-.
souri, Pacific, $500; National Steel, 40O0 New
York Central. 5000; Northern Pacific 5000: On
tario and Western, $780, Pacific Mail 400;
ing first. preferred, 10 200; Reading second pre-
ierred, 500; Rock Island 5000; St Paul, g. 900;
s9Ithern Sso6 Pacific 1900 Tennessee Coal and Iron,
states Leather preferred 300.