The San Francisco call., 1905-06-17
New York stock Market.

NEW YORK. June I6.-To-dsy's stock mar
ket dropped another notch toward the con-
dition Of absolute lifelessness. There a
little squirt Of activity IN Reading and some
special sales in the United States Leather
stocks. II these are deducted from the day
total the remainder VIII show as low an ag-
gregate OF sales Of any fun day in over four
years. The movement in Reading en-
couragec hy the dull resistance which tnat
stock has offered TO the weeks 8 depression and
tC ruulors in circulation once more OF a pro-
posed increase in the division rate. The deal
iugs ia the United States Leather Company
certificates was hased assumption that
tht forthcoming issue of the new securities
viii BE- made the occasion Of some market
activity for their benefit The comparative
activity in the certificates OF the Japanese
~ per cent bonds which have been in de-
mGnd ever since the news Of the battle of
the sea Of Japan, proved an inviting neld for
the professional room traders. bereft OF any
other opportunity Of eneeting sufficient price
movement 70 yield a profit on the days turn.
Transfers OF bonds also are free from the tax
which applies 10 stock transfers. thus stim-
ulating the trading in the issue by the pro-
fessIonals- outside OF these few special move
Many OF the most prominent stocks were
traded in until late in the day. and in some
cases were not traded in at all There was
no transaction in ST. Paul until 1880 o'clock.
cbasere ~ the stock of the EQUITABLE LIE
Assurance Society and the terms OF the deed
Of trust 70 the trustees awaited 10
ease the market from it's deadlock. The pub
lication Of those facts This morning created
not ripple IN the market II Is now sur
missed that the delay is expectation Of the
report of the State Superintendent OF lnEur
ance. The report OF the weeks currency
movement excited only languid interest as
the principal importance is attached TO the
loan item The money market shows some
effect Of the preparations for the half-yeariy
settlement. Quotations largely nominal,
owing 70 the almost total lack OF demand
f0r time funds Bankers little inclined
70 place funds al the existing quotations and
express hope OF better rates later in the year.
There some remaining uneasiness re-
ported from foreign markets on account OF
the Moroccan situation. The May foreign
trade statement afforded gratifying evidence
OF the expansion Of our foreign commerce. or
the increase in the value OF exports for the
month OF $24, 600, 900. compared with May of
last year, IL is known that agricultural pro
ducts furnished SD 600 0O0- The difference
goes 20 the credit Of an increase in manu.
featuring exports. Much interest will be felt
IN the later statement of the details Of the
movement in order TO ascertain how far the
export Of steel products have been stimulated
bv the lull in the domestic trade situation
The signs OF nervousness in the grain market
had no echo in the stock market
Aside from the japanese ~ certificates the
bond market was dull and irregular. Total
sales par value. S4.3io.O00-
United States bonds were all UNCHANGED on
call.
New York stock List.
r E Hutton e. Co., 490 California street,
San Francisco, members Of the New York
stock Exchange, furnish the following official
quotations OF that Exchange: