The San Francisco call., 1905-02-28
New york Stock Market.

NEW YORK. Feb. 27-rhe bulky sntal ~
100000 shares reached by the busineS done
at the stock Exchange to-day witnessed the
continuation OF the speculative interest OF trad
ers The day. however. was distinctly de-
were no such violent advances as there were
last week Very substantial progress was
Inaoe, however. IN realizing the profits caused
by last weeks advances. During the prevail
ence Of an active speculation and long-con-
unued rise in prices. Mondays are always
chosen 70 eject a distribution OF holdings and
70 convert paper profits into cash me sun
DAY interval naturally leads 20 an accurnula-
tion o. orders from outside sources in brok-
ers ofnces The execution Of these offer-
ings gives opportunity 1or selling 10 ADVANTAGE
such a movement was clearly in progress to-
rise in prices. the absorptive power OF The
market was what chiefly remarked The
resistance onered TO the selling was not helped
o any notable new development with the
exception OF the striking movement in Soilth-
en- facinc The advance In this stock was
explained IN some quarters an adjustment
TO the recent advance In Union Pacific in
Which the subsidiary stock has not shared
eSt az additional motive for the buying was
offered IA the circulation OF the rumor that a
dividend payment on the stock had been prac-
ucaly determined upon. This runor lacked
ofncial confirmation. as did last weeks many
rumors OF combination projects hut II was
a. little impaired in its influence on tha+ e.
count as were the previous stories The rate
pt absorption IN Southern Pacific IN the fIrst
stages OF to-dsys movement unprecedent-
60 % the stock Exchange, not less than
1vtOoU shares changing hands in a period OF
Ten minutes during the period Of greatest ac-
tiFltr.
The great animation Of the present rnartst
makes q striking contrast with the corre-
srynding seasDn of last year, when the volume
OF dealings was dropping on from day 10 dav
until. on March 70 sales OF less than u C10
were rscerced. G low record for many vesrs
Routine news OF the day was little -,a..s r1ies
although II offered nothing TO DISCOURAGE The
buying cf stocks. Railroad traffic offcisis
reported progress making IN the opening M az
thzir lines all over the country after the storr1
blockaces. and the n1iider weather has also re
suited IN largely increased offerings OF grain
from the primary points.
The money market gave some evidence n.
fncrca aing demand for credits but M -
prehensioh vas felt OF a lack OF supply Fo-
eien money centers reported a confident feeitns
in the future ease of money and II Is feif
thst supplies will be available from rboss
sources for the New York marker In z ca~e
of any urgent demand The persistence Of ire
selling OF stocks and the small response II the
striking movement IN Southern Pacific which
rose % 1S*. prompted a general unloading
OF stocks late IN the day. which carried prices
10 the lowest level and made the closing con-
siderably unsettled
rsonds were Irregular Total sales par yalue
s. SO 600. United States Is registered adj
vanced X per cent on call.
Ncw York Stock List.
H. F. Hutton Co.. 40 California street
san Francisco. members CT the New Yorf
stock Exchange furnish the following official
quotations OF that Exchange;
sales. STOCKS. iHiKhlLowl Bid Ask.
Z: Z; Z; e e s. S s. s:'s:: q q