The San Francisco call., 1899-07-15
NEW YORK STOCK MARKET.

NEW YORK July 14.-There a short
period of strength in some stocks this morning,
but it insufficient to overcome the sagging
tendency in the general market. The weakness
of Brooklyn Transit coming the dull market
emphasized the reacticnary tendency. The
main cause of the general weakness was the
Increasing fear that money difficulties abroad
would cause future trouble for the New York
money market and would take out gold soon
as the local rate for money fell to a point
where the London rate would prove attractive.
Rumors were abroad all day that shipment
of gold was contemplated for tomorrow s
steamer but up TO the close none had been
announced Money worked easier here, call loans
ranging from to per cent The call rate to
London went to 317 per cent and discount was
held at the Bank OF England S minimum rate
of 315 per cent. London sold moderately in New
York, but gave good support to few faVoriteS
In the American department of its own market.
There was no quotable change in sterling ex-
change rates but sight bills showed a harden
ing Tendency while the sixty days bills were
easy. Not so much confidence is felt in q
favorable bank statement for tomorrow. These
considerations prompted pause in the buy
ing movement in stocks and the early strength
in the Southwestern group. The trunk lines
and Northern Pacific gave way in the after
crop damage in the Northwest affected the
grangers unfaVordbly in the late trading.
Losses from the top point In many active rail-
road stocks ranged from / tc points. North
ern Pacific was marked up above last night
level in the final dealings, though it was little
affected during the day by the report of an
amicable agreement with Great Northern inter
ests Chicago Terminal strong on the re-
ported sale to the Alton syndicate. Brooklyn
Transit weak throughout on the prospects
of a strike and closed at the lowest 2A below
last night. The early strength in Sugar gave
way TO weakness and Rubber dropped "a, with
q subsequent partial recovery Manhattan was
marked up to 120 at time the theory
that a surface railroad strike would add to its
business. Missouri Pacific closed a point lower
on the day. number Of specialtes showed
some strength during the day. among them
Cotton OIL National Biscuit preferred, Tin
Plate. Anaconda and Steel and Wire. New
York Airbrake gained S1k points.
The bond market dull and prices yielded
with the weakness IN stocks. Total sales, par
value, So. o00 United States 3s advanced !.
In the bid price
The total sales OF stocks to-day amounted tc
2l, ,0s5 shares, including: American Steel 5000
American Sugar. II, 600; Anaconda, "A 200; Atchi-
son preferred. p, 500; Brooklyn Transit, 81 100;
Burlington. lS,lo0; Continental TOBACCO, 1000
Federal Steel. $780, Louisville and Nashville
$500; Manhattan, 1900; Northern Pacific 29, 100
Northern Pacific preferred 5000; Peoples Gas
IS 600; Rock Island. $500; st. Paul. 5000; Union
Pacific. 34OO; Union Pacific preferred, 1900
Tennessee Coal and Iron, 1000; American Tir
Plate. 5000; Chesapeake s ape and Ohio 5000: Mis-
Louis Southwestern preferred 6600 Texas Pa.
ciic. 1900; Rubber, 41OO; Wabash preferred
bIO1