The San Francisco call., 1905-02-16
New York Stock Market.

NEW YORK, Feb 15.-The volume OF deal
irgs in stocks expanded again to-day and there
vas a better show Of strength than yester-
day ia the important standard stocks. The
strength OF this class was not general how
ever by any means, and the hesitation which
cams into evidence al the higher level was
a. additional modifying factor in the Judgment
q The days market Industrial stocks OF the
second and lower grades were sttli consplcu-
ous feat OF the trading, with the cooling
eject on the speculative temper which the
predominance IN speculation or these STOCKS
almost Invariably causes. Probably the prtn-
cipal influence on the days operations was the
course OF the foreign exchanges indicating
clite definitely the termination for the pres
eut OF the movement OF gold 70 France An
engagement Of three-ouarters OF million dol
lars for shipment 10 South America cid not
Grange this conviction, although II Is true that
this opcrzt.cn indicates q remaining command
O our gold snpply for the benefit o. Lonoon, si,
But symptoms ot relaxation "a me Iotelsl
money markets we're Enthusiastically shown and
were effective IL lowering the exchange rae
herr. 4 further advance IN steriing al fafls
vas indicative OF the satisfaction OF the re-
Sqirepens s5 o. fo f m r.ssISed esnse sotiy IN London
aud open market discounts declined there, Civ
ing rise 70 belief that the Bank OF knglane
vii reducs its official rate tomorrow
Ptsrlers OF peace negotiations were again an
elective force IN foreign markets and rehecteo
beneficial influence here. Prices had the bene-
a. as well OF rumors Of some special aeFelop-
r,snts bearing upon the values ot inoiyidual
stocks There strong demand for On
fsrfo and western which was explained about
tne stock Exchange by the assertion that the
coptrol OF this property. recently acquired for
20
r. Be turned over 20 the New York Central 10
hernonize objections OF the controllers OF that
-rr-orerfE- 70 the extension OF Her Haven infu-
ence into the trunk line nelo- Besides this
11ovenent in Ontario and Western, cheerful re
ports ~ the trade IN anthracite helpeo the
cosierS Rea ding showed continued effect
81 r-o11f-ts King. The advance IN Arnalgamated
Conner was due 70 the current reports OF the
active demand for It's production ano by the
yise IN the price o. copper IN Loncon- Ine
iong standing rumors OF The results 10 follow
80 6ietrfbution OF Northern Securities assets
,vere revived and helped 20 advance tne facincs
sd Northern Securities itself me recent
movements in the iron and steel inoustr1a nae
.gv,,s extension hut met with degree OF pres
e5,-eT The break ~ Pressed Steei Car caused
~ The pcor showing ~ the annual report oI
- fuesness Cor 1908 had some erect on me
.-,ur Tie constant departure from the Nai
s.-eer drstrict of men influential IN the market
80 n financial affairs induces some caution
sl,o,,t comm tulerts by operators OF smaLleI re
.o,.-oes and begets a suspicion that OPERATIONS
~ large scale are not 20 be lookeo TOT IA
- Immediate future. The reaction on pronl-
- trsng IN the last hour was prhctlcaily TO
S',.-ersd hut the closing was irregular
Bonds were nrTn- Total sales tpar NaAnel'
iS,,s:S6 states bonds were all unchanged on
New York Stock List.
= Tntfor-& Co. 40 California street,
- Tr-arcfsco members OF the New York
s<octr F,~cbanEe furnish the following ofncisi
Quotations OF that Exchange;