The San Francisco call., 1899-04-23
EASTERN MARKETS
SEw YORK STOCK MARKEE

NEW YORK. April 22.-Ihe market to-day
was almost wholly professional and the net
changes were trivial The specialties monopo-
lized attention except for activity IN some Of
the iuternationals. In the early trading an ex-
pected favorable bank statement dis
counted. and on its appearance general realiz-
ing followed, the appearance Of a large supply
OF stock from large holders giving encourage
msnt TO the bears to put out short lines, and
the market closed with raid in progress. The
bank statement showed a large increase IN
loans and deposits and consequent heavy gain
in surplus reserve. London sold freely Of
Southern preferred and Denver and Rio Grande,
but those stocks were very we'll taken and all
Closea AZ sood advances Norfolk and Western
shares were the only other strong stocks.
Sugar was strong throughout and gained 2%-
Brooklyn Transit moved irTegularly, slightly
above yesterdays figures Among other special
ties Continental Tobacco was pressed for sale
early on the increased capitalization, but raj
lied on supporting orders, and closed with
gain OF points. Tennessee Coal and Iron was
weak, losing point. New Jersey Central was
helped by the announcement that certain high
rate bonds would be refunded by the issu-
ance Of stock to be subscribed for by present
stockholders. The market closed weak
The level OF prices for the week was not
much changed, declines only slightly exceeding
IN number the advances. The trading was Of
q professional character. The trade reports for
the week showed q marked abatement OF pros
ueritv In various lines Of Industrial activity.
The imports for March were the largest for
nearly TWO years. nevertheless the excess Of
exports reached nearly $4,000, G00 largely due
a
ports OF cereals. cattle and material fell
on bout slS 600, 900. Sterling exchange was
strong, with insuffciency of commercial
bills. II was thought that preparations for the
payment OF the Spanish indemnity figured in
the sterling market.
alternately easy and firm, with ease generally
prevailing. The bank clear1ngs of the United
States. rejecting the comparative apathy in
speculation, decreased for the week over S94 =
O0O, 900 but still greatly in excess Of those
OF last year The grain market strength, sup
q aNnapIatlnn Il
age in the cereal yield, watched narrowly
for its effect on the Grangers This group Of
Burlington advanced about points on the sub
scription privilege extended 10 stockholders.
The professional element showed a frequent
disposition to be bearish, while real holders OF
stock generally clung tenaciously TO their ia
Tortes, but the liquidation OF speculative
holders was not lacking. The dullness or the
week seemed conducive to an increase in the
short interests which acted as a support to
values on concessions frequently After long
period of inactivity business suddenly in
creased as though II had been prearranged.
The most notable changes in prices for the
week were declines in Third Avenue 95k, Brook
1yn Transit T. Manhattan 3s, Peoples Gas 35s,
New York Central 2 and Lackawanna and
Western Il each. The advances included New
York Airbra1e II, Colorado Fuel 107s Colorado
Fuel preferred an dNew Haven each. Ana
conda Mining S, National Steel 4. New Jersey
Central, Delaware and Hudson and Louisville
over each and Southern preferred 22s.
There talk at one time of a recurrence
Of discrimination in loans against the indus
trials, but less was heard Of this with the cas-
ing Of money.
There we're sales for Western account on sew
sral occasions, which taken to be con-
nected with Information on crop prospects.
Railway earnings that appeared during the
week were generally favorable.
Considerable favorable comment was aroused
by the keen investment inquiry for bonds,
which included middle class well as prime
grades. The market displayed pronounced
strength throughout moving Independently of
The stock market.
United States twos, threes registered and
new fours registered advanced 2; threes coupon
and old fours registered X, and new fours cou-
Don u IN the bid price.
The total sale Of stocks to-day were BOG, IA
shares, including: American Steel and Wire
$500 American Sugar 16. 800, Anacondas 1900
Atchison $780, Brooklyn Transit 16 300, Brook
Ayn Transit rights 1000, Burlington 400 Colo
rado Coal and Iron $780, Continental Tobacco
2S,4Oo, Denver and Rio Grande 1900 Des
Moines and Fort Dodge 1O,7OO. Federal Steel
b30O L. and n. s900 Manhattan Con 2500.
Manhattan Beach %, 500, Mexican Central 10, POO
Missouri Pacific 1900. National Steel $500, South
ern Railway preferred $500, Tennessee Coal
Id