The San Francisco call., 1904-11-04
New York stock Market.

NV YORK. Nov. 3.-There was notable
subsistence q speculative interest In the stock
market to-day. There was evidence in the
!arge operations Of few firms which are
credited with doing the business for some OF
ne powerful interests that those interests
were stil taking a speculative mart in -
transactions. But their operations were cor
nned q fewer stocks and were on a smaller
scale than for some tine past. Part OF them
anc II was current belief that large selling
orders for purposes of realizing came from the
few special stocks on dealings of this char
Aeter today aggregate sales fell 70 the low
est ngUre Of any day since before the middle
or OctcDer ana II the general market alone
is considered the trading was actuall, AMI
eh4 lne critt OF prices very sluggish and
.-nailerent The halt in the activity Of the
market is generally attributed TO a purpose
lo await ne passage Of the election owing
unsettling effect OF that contest ana tbejr
inability 70 estimate what VIII be its eject
On business anc industry. such strength as
there was in to-dsys market was isrgei,1
confined q the iron and steel industriaIs and
bore a close relation 10 the ad,iceS f-o-1
that trade Informal intimations were in cir
sllaton that the orders received by the United
states steel Corporation were in increasing
rate and approaching the limits Of prodrc+fz-e
active demand for rfe iron ,s-ss fa - ne @
spread to some Lines OF finished products an
extension which has not been CONSPICUOUS nm
70 this time. The United States Steel stocks
ers lDe nlosl aeupe ot the group. but some
Qt the partly dormant stocks made much
better gairs, Tennessee Coal rising more than
Llrce ana rlOss-chef1eld Steel I'VE points he
Fennsy lgania group OF railroad stocks showed
sympathy with this strength. as is usually the
case owing 70 the large proportion OF their
tra-nc which is made I'D OF the iron and steel
5lrocucts- The running OF the first cars over
ne new East River bridge gave a lift 10
BROOKLYN Transit Sugar had the ADVANTAGE
of further advance In the price OF refined
sugar. Another rise in copper did not avail
70 hold Amalgam2ted. which reacted on profit
taking snc cenials Of the alleged control of
The Heinze property IN its interest The lail-
ufe q confirmation OF ceal stories and the
positive denisl of them in some cases were
influences az other points In the market Aside
rom The strong points mentioned the market
was reacticnary. but the decline was not ex-
irene and ran 10 point In only a handful
made I'd and converted into gains for q few
M the late dealings The Erangers rallied
hel from their early depression on account
~ sone expert estimates OF q heavy corn
~ ne increase in both gross and net earn
lngF for SEPTEMBER
The money market was undisturbed al
tno1gh sterling exchange rallied from its early
heahness p Der cent and ran on in Paris
ana Berlin, thus narrowing the margin for a
resumption ~ gold exports. The returns OF
notn fhe Bank ~ England and the Bank OF
France were weak. but the fact that the Rank
F.. DL l@t-lla discount rate raised va
regarded as ar indication OF Confidence sr =
goic The stock market closed Irregular and
Bonds were irregular. Total sales. par value
Sc 29s 0oo.
United States bonds were unchanged on call
New York Stock List.
r. +. Hutton g. Co. 4s0 California street
san Francisco. members OF the New Yorl
stock Exchange. furnish the following official
quotations Of that Exchange: