The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1899-05-16
EASTERN MARKETS.
NEW YORK STOCK MARKET

NEW YORK. May l5.-Opening quotations in
the stock market a vigorous notice served
on all parties that ample capital was forthcom-
ing TO take UP all offerings which timid hold
ers Of the so-called Flower stocks choose to
offer and also to the bears that powerful wea-
pons were in hand to resist any onslaught by
them The different members Of the lower
group were opened up l TO points above Sat
urday's close the favortes Of the late finan-
cial dealer Brooklyn Rapid Transit and Peo-
pies Gas leading the rise. New York Airbrake
in its usual volatile manner made excep-
tional rise OF II points in the first few minutes.
These aggressive tactics served to dissipate any
uneasiness in the speculative mind remaining
after the violent fluctuations in Saturdays
market Early quotations from London also
made il evident that there were large reserves
OF capital prepared TO take advantage of any
further sympathetic declines in the general list
Of securities. The buying there before the
opening here was not only for New York ac-
count, presumably with the purpose of sup
porting values. but also on orders from scot
land, Germany and Holland, a well a local
English demand. The high opening here, es-
pecially in the Flower stocks, invited a con-
siderable volume Of offerings but these were
absorbed without the slightest hesitation, and
in a short time they materially decreased. The
pressure Of liquidation being relieved. the vigor
OF the efforts at support somewhat
Taxed Prices having failed to break the bar
gain hunters were deferred from buying, and
the market fell into quiet state. brisk
upward movement in Sugar to 1543s and lively
caused a general stiffening again throughout
the list. But the smallness Of the transactions
discouraged continuance of the bull specu-
lation ana the market fell to a condition Of
comparative inactivity. The movement of
prices became decidedly irregular, some of the
more obscure specialties fuctuating quite
widely but in the contrary directions This
was notably the case among the iron and steel
stocks. Tennessee Coal. Colorado Fuel and Ma
tOnal Steel preferred being notably weak
American Smelling and the coalers were also
consistently weak; This tendency and the APP
parent withdrawal Of supporting orders invited
a raid by the bears late in the day, directed
particularly against Metropolitan Street Rail
way. which was raded down points. The
Changers and Pacifcs also suffered in the de-
cline. except Central and Southern Pacific
which were consistently strong. Metropolitan
Street Railway rallied very strongly points
the local traction shares responding in sym
pathy. The bear traders covered making the
closing firm The conspicuous changes were in
the Flower stocks. which all closed higher.
though below the highest of the day. Other
wise changes in the prominent stocks were not
large Net gains predominated.
IN me BOND market there were some very
heavy takinRs Of Baltimore and Ohio tours
when issued. Dealings elsewhere were mod
crate and changes irregular. Total sales 81
United States threes advanced Is in the bid
The total sales of stock to-day amounted to
5S2,50b shares. including: American Smelling
1900. American Steel and Wire % POO American
Sugar 80, 900 American Tobacco $500. Anacondas
1900. Atchis0n $500. Atchison preferred 49, 900.
baltimore and Ohio 1900. Brooklyn Rapid Tran
sit l2L 100, Central Pacific 1900, Burlington
rights 5000 Chicago Consolidated Traction 5000
Chicago Ter. TT preferred AGO. Continental
Tobacco goo, Federal Steel %. CO., Federal Steel
preferred H. 400, International Paper 300, Louis
vile and Nashville 800, Manhattan 1900 Met
ropolitan Street Railway $780, Missouri Pacific
1000, National Steel 400, New York Central $500
New Jersey Central rights 500, North American
Company 1000 Northern Pacific u 100. Northern
Pacific preferred 400. Ontario and Western
400 Pennsylvania 32O0 Peoples Gas q 800
Reading first preferred 1900. Rock Island $500
st Paul 23,s0 Southern Pacific 660G Southern
Railway 5000, Southern Railway preferred 5000
Tennessee Coal and Iron 1900 Union Paoinc
900. Union Pacific preferred $500, United States
Rubber 500.