The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1904-09-27
Ne5v York Stock Market.

NEW YORK, Sept. 26.-Both strength and
breadth were manifested in the dealings in
stocks to-day and the market as a whole rep
resented clearly a revival from the dropping
lenoency Of the latter part Of last week The
strength and activity were not 50 much con-
gested IN special stocks as recently and the
market had a certain appearance OF quiet for
The greater part Of the day This was ac-
counted for by the fact that the opening prices
represented large part OF the gains and
prices OF the prominent stocks were practi-
caliy motionless for a long time after the
opening. Less prominent stocks were sought
out meanwhile. TO bring them UP to a level
pnoportionate with the leaders. There was no
alarming news concerning the crops and prices
IN the commodity markets moved downward.
This was a reassuring influence on the whole
llsl. livery day which passes without damage
adds materially to the feeling OF security over
the crops, owing TO the near approach of the
period of maturing of the corn CROP The
leader OF the market in point Of activity was
United States Steel preferred. and its strength
was OF sympathetic advantage TO the general
list The professed motive for the buying was
conviction that the full dividend on the
preferred stock for the current quarter is
sure TO be oisbursed. No authority could be
c4leo LOT tnls assumption. The independent
steel stocks were strong in sympathy. The
news from the trade offered nothing to ex-
plain the strength Of this group. Officials Of
appointment at the apparent halt in the ex-
pansion OF freight traffic, which was attributed
10 the eHsct OF the crop uncertainty trade
ana 10 the slow revival in the steel trade
western railroad officials expressed disagree
ulell Win the low estimates Of the corn crop
current in Wall street last week, but they
also admitted the retarding effect on business
Until the crop outlook is more definitely as
sured. There was still important influence
on sentiment by the assertions Of a large ac-
cumulation OF Atchison in the interest Of
Union Pacific, but more was heard OF question
ings Of the scope of the plan Of accumula-
tion. The indications Of progress making in
the working out Of the problem Of ultimate
control and harmOnizatiOn Of the transconti-
mental railroad situation was accepted as i'm
pOrtant and made that whole group conspic-
uOus in the market Gross earnings of rail-
roads for the third week of September were
received in quite large number and were
generally satisfactory 10 holders OF securi-
ties AtchisOn was doubtless helped by the
preliminary circulation of its favorable an
nual report, as well as by reports of accumula-
ton OF the stock for Union Pacific. The
profit taking made some impression on prices
in the last half hour. when a number OF low
priced railroad stocks were pushed upward
10 cover the selling. There no change
in the rates Of interest, but Sterling exchange
was frmer and the price Of gold in London
was lowered. indicating less apprehension Of
a demand for gold in that center.
Bonds were firm Total sales par value,
81, OBS. 600. L. s. 2's. the 3's and old as
advanced 4 per cent on call.
NEW YORK STOCK LIST
E. F. Hutton & Co., 400 California street,
san Francisco. members of the New York
Stock Exchange. furnish the following official
quotations Of that Exchange: