The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-04-30
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK. April 2s.-The market was
heavy practically ali day and while a number
o. material recessious appeared the general rail
way lists suffered but fractionaly- Stocks
affected by the bill taxing corporation fran
chises n this State suffered the most. Metro
politan lost over points Brooklyn Transit and
Consolidated Gas nearly 4 Manhattan a point
but Third Avenue was exception. rising
points on small dealings on expectation that
that company would bid for the underground
franchise. The traders Were early sellers in
expectation of a bad bank statement, but they
covered when # appeared showing small
changes the reserve increasing and one
third million dollars and loans decreasing about
half a million. The absence Of commission
business and weakness 81 local stocks caused
the market 20 ease of again, closing weak.
London purchaser OF a moderate amount
OF stock Among the strong spots Cana
dian Pacific and Colorado Fuel, which advanced
-. and 3 respectively. Practically all the in
dustrIais were weak.
Stocks grayitated TO a lower level this week.
with considerably diminished outside demand,
and such changes did occur We're mostly
in comparatively inactive stocks. March re-
Ce!pIs tor many railroads, covering as II did
d period OF unfavorahle weather conditions,
gen.r;r'ly showed results below expectations.
The Sras. weekly returns appearing for April.
on tn othor hard exhibited an increase In
trait. The set ming desire Of the FilipinJs for
a cessation Of hostilities left very little
doubt in the speculative mind that an ultimate
a reasonable time. At the same time ap-
prehensOU attended the possibility Of a diplo-
matte strain with Germany owing 70 the wide
publicity given the remarks OF United states
naval officers as regards the situation I'm
Samoa and the incidents attending the opera
tions Of the naval forces at Manila.
The money market variable, with in
creased strength in the latter part Of the week
in anticipation of May dividend and interest
requirements and the necessity OF financing
the Amalgamated Copper Company and other
industrials next week. Sterling exchange was
ticulArly Anaconda mining. The Spanish in
dennity is yet 10 be arranged for, authori-
ties believe exports Of gold not anticipa ted
while call money rules in New York at about
double the London figure unless England
OF American stocks.
The bank clearings decreased compared with
last week rejecting the fact that speculation
In stocks diminished to little over 1900, 900
shares during the week. but the general bust
ness Of the country continued large and trade
reports RECORDED no check 10 the expansion in
business activity. Silver certificates after a
long period Of comparative inactivity rose
cents to soc, and closed only cent lower.
The price attained Tor the white metal was
the highest in over two years and the certih-
Gates traded in represented 354. 0g1 ounces The
trading in Anaconda Mining, which made a
net rise or l2l2. only four points below the hest
reached nearly 200 600 shares The strength
in this stock associated with the an
nouncement of the Incorporation Of the new
copper trust, which was to embrace this
company II the trading in Anaconda, together
with the Green industrials and local stocks
be subtracted from the total. II would be
seen inaI the trading was very narrow. and
that the standard shares were much neglected
crop uncertainty. together with the decrease
Of $4,000 in Burlingtons surplus earnings fol-
Match, ielt tht grahstrs iractlonally lower
The professional clement is largely bearsh or
certain stock which have experienced an nm.
usual rise. while the rank and file are gen
orally disposed TO hold tenaciously. to the
stocks on the belief that the present market
IS but halt and that bullish enthusiasm
will arise stocks from their lethargy If bo1n-
tiful crops are assured. For the week the ror
and steel shares were irregular to the extent
OF point or so. Important changes now
hitherto mentioned are: AdYances-Third Ave-.
and St Louis, 81; do second preferred AZ
Declines Metropolitan 81: Tobacco. A.; Man.
haitian - and Delaware and Hudson and
Brooklyn Union tours. 312.
Operations in bonds during the week were
on a large scale and many of the medium
priced issues made handsome advances TIL,
fact that several States have laws impendine
OF enacted permitting savings banks TO In.
vest In certain high-class railway bonds has
cages. Speculation generally too was stroup
and confident. the absence OF real stringencV
in the money market forcing the employment
OF idle funds into mortgages which return a
fair rate Of interest. United States tWos
registered advanced H. the new tours regis
tered a. and do coupon and the threes regis
tered i in the bid price; the old fours coupon
declined =.
The total sales of stocks to-day amounted tc
259A6 shares, including: American Steel and
Wire. 1000; American Sugar. 19 500: Ana
conda. 1900 Atchson preferred 800: Brook.
lyn Rapid Transit. 81. 200; Brooklyn RAPID
Transit rights $780, Burlington 81 400 chi.
cago Consolidated Traction. 1000: Colorado Fne
and Iron. 400: Consolidated Gas $500: Cont.
mental Tobacco 300; Federal Steel. 400: Iowa
Central 2300; Louisville and Nashville 1900
Manhattan Consolidated 9oUo: metropolitan
Street Railway 200; Mexican Central 1900
National Steel, 2300; New York Central 62O0
Northeastern, 200; Northern PacihS 5000
Pennsylvania Railroad. 2600; Peoples Gas
2s0O 81. Paul, 1900; Tennessee Coal. 3400; Union
Pacific, $500.