The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1903-09-02
EASTERN MARKETS
Ae7o York Stock Market.

NEW YORK. Sept I,-Yester6s,,,s ,,o-,.-
~ ~ ne volume OF trading was cur in ~ -
o11srfe- : Iesate sales falling TO below a
80 :. o. a Anitlon shares. Most of Nondav's
gam was in the first two hours. 81 1870
iS u number of the principal market
Ieaders ran of in that time a. noirt - =
There was no important reoove,y 81 ~ MI <
Dut me market fell into profound duIl,ess -;
leeiecI and prices remained almost noo+inr
There was nothing in the news Of tb ae' y y
oeaIlhg on the reversal in the direction .,
s. 80 5,.. ~ StoeAs- IL was accepted simply
a. demonstration Of the futiltv Of the 81
Iorts OF preferential traders TO move nr,oa.
upward 10 any large extent A mart If tbo
efforts had consisted in convevir1 ~
IN sympathy with the movement TThere Vs.
operations in to-day's market which ~ -
eeIstooa as intended to show that the large
banking and railroad interests felt no an
pIOtal OF these professional efforts to advance
80 s.uehs; BROKERS who have supported the mar
het while professional bears were atter1utin1
10 force declines during the past week and
NEo were supposed to act for great financial
leaoeIs. mold openly to-day in different stocks
sFouhQ the room. This led TO the r,respn,n
uon mat II was intended 10 discourage efforts
70 nv Irces. An attempt 10 stimulate specu-
readiness by the Secretary of the Treasury is
Eet 20 De unwise and there is a feeling of
- 1 49, a OF any course which would tend
20 create an emergency in the money market
on account Of provision Of an available fund
ip the treasury ready for deposit
In the banks The time money r,o-
ket has become siroost Nh Ioisy mar,
D
owing 10 hghtness Of the demand bur lenders
are not disposed TO urge their funds upon bor-
Io"ers- Interior exchanges are beginning To
move again. New York discount at Chicago
.allng 10 4Oc to-day, compared with 2Oc per
SIVVO yesterday. Interior banks which have
Deeh recipients Of internal revenue pavrnents
IN covering these receipts into the treasury arr
ooihS 50 through the New York Subtres sIrv
by orders on their New York corresDondent
mis- Is an indirect manner of currency shin
Inent 10 the interior Yesterdays views Of the
transfer OF the underwriting syndicate's hold
lngs IN Metropolitan Securities TO other in
side interests was decidedly modified todav
me rise IN the local fractions shaped the ad-
vance elsewhere and to-day's sharp reaction
IN tnose STOCKS was in corresponding sympa-
my wall street was inclined to-day to re-
gard the operation rather the working Of i'm
portant interests than the measure OF imnort-
ant parties working for consolidation The
weather bureaus weekly report was not con-
sidered reassuring either as 10 cotton ana
corn and the wheat market also reelected
bullish sentiment. The very favorable T,,Iv
statement Of the Reading system was rnsda
the occasion for profit taking in the same
way that other recent good showings have
been The continued realizing in AmaIoar,a
ted Copper also has some sympathetic eryec+
There was further advance in sterling a.
change on demand for remittance bv fo-rno~
rows steamer but that market rea cted sligbt
" when this demand was satisfied
The bond market was dull and irreO,,1a-
Total sales. par value 81 2O5 600 TsrItai
States Is. new IS and IS advanced u DER cent
on the last call.