The San Francisco call., 1899-04-16
NEW YORK STOCK MARKET.

NEW YORK. April 1.-THE industrial spec
ialtles were very strong to-day ana the rising
tendency. particularly after the appearance or
the bank statement, extended throughout the
list with the coalers prominent in the market $
latest strength. Money continued easy and the
bank statement with an increase OF nearly 81
CCO. COO in cash and a contraction OF over SlO,-
O0O 600 In loans had a very stimulating effect.
Large realizations, however, were noted by
speculators who had bought in expectation Of
a favorable statement. The favorable turn in
the Samoan d.:hcUlty and the weekly state
ment Of trade which noted a general condition
OF prosperity were factors in rearOusing con-
fdence. Spots Of especial strength were Della
ware and Hudson. Manhattan, Colorado Fuel
and Iron. Brooklyn Rapid Transit. People s
Gas and Continental Tobacco just before the
close the professional element started raid
on the idea that the recent recovery mad been
TOO rapid, but they succeeded In making only q
slight impression on values
Stocks We're somewhat Irregular early in the
week, but gradually recuperated. thus dispeI-
ing the uneasiuess engendered by the indus
trial smash last week. Brooklyn Rapid Tran
I'll which was most urgrnluart in inc recent
decline, again reached it's best previous price
THE railways moved within a cornparattvely mar
row range. waYering IN sympathy with various
crop adylces. The Government crop report was
regarded less unfavOrable than expected.
Railway returns We're generally favorable and
the Increased activity in the industrial works
81 was thought would continue 10 benefit rail-
way traffic. The continued keen demand for
the finished products OF iron was responsible
for marked strength IN the iron and steel
shares. call money decidedly easier. aver
aging ~ points below last week rates, and
the snks were disposed To be tar more liberal
In accepting industrial collateral Tor loans since
any weak holdings We:e forced out last week.
A number OF Very large financial dealings We're
consumnated without disturbing the money
market while some discrimination particularly
bv foreign bankers against Industrial coiiat-
eral was stu noticed: Such industrials as
con1uiied with the stock Exchange requirement
OF statements in orders TO be listed were
treated more leniently. The easier money con-
ditions were especially beneficial TO highly
manipuatlve stocks. which are largely held
on n1nrgin. The traction and gas shares OF
Greater New York were very prominent in the
weeks dealings many consolidation stories.
,-arving only in scope There were advances OF
over rs points in Brooklyn Rapd Transit and
I3rooklyn Union Gas, Consolidated Gas-l. Man
haitian PA Third Avenue Az and Metropolitan
2i- Notable advances among other specialties
were Sugar 9l2, Colorado Fuel and Iron 51s.
Continental Tobacco ~. American Tobacco 3,
Federal steel ~ and Peoples Gas 91A.
strong features in the railways the
Vanderbiits the Southwestern group. especial
~ Mobile and Ohio Missouri Pacific and Bal
"Tirs' are very abundant in the present
market and because Of the large public In
tcrcst displayed, these predictions Of price
movements IN particular stocks are more gen
orally realized than oi recent years when
there was a more restricted speculative in
terest Optimistic utterances by market lead
have been frequently verified by events
because OK the Dublic's confidence result
ing from long bull movement, while the
banks gained In cash II Is announced that
the depository banks in million dollar weekly
payments. An active and variable money mar
financing OF Industrial combinations. but for
the present strngency is not looked for by
authorities. The speculative activity of the
week has been largely away from the stand
ard shares Of known value and has center ed
in specialties whose price. judging from pres
ent returns seemed TO discount future develop
Tnents.
moderate inquiry prevailed for prime mort
sFSes during the week and there was also