The San Francisco call., 1905-03-09
New York Stock Nfarket.

KEW YORK. March ~s.-Prices recovered In
tp-6syrs stock market. although there was
1g. The tone was by no means well assured
end hesitation and eluggishness were still
II u professional hands and there was evi-
dence OF any important revival OF pubic In
tsFest. The smallest OF me selling orders
yesterday served an encouragement TO hold
ere of stocks and as a warning to bearish
tracts unduly. After the extent Of the specu-
lati0n for the advance and the height 70 which
houldatS on the reaction Il regarded as re-
rleIkable The whole character Of the mar
kst. IN fact il better defined as q waiting
one than a. either strong or rezctionaTy.
with the Northern Securities case decided,
the absence o. large selling Is regarded as in
velopnnents having q favorable bearing on
values. But more explicit Information is
postponenent OF announcements has proved
trying 70 the patience Of those holding stocks
posed 70 be contingent upon the settlement
Of the Northern Securities case having TO do
eTties included n that merger. but ot others
Indirectly concerned IN the railroad policy
involved In that combination Large attention
= iE given 70 the subject in the current oiscue-
sion IN Wall street. but evidently more con-
crete results are desired 10 revive any active
sreeallstion IN the market The effect OF the
strike on the local transit companies was less
marked in diminishing the attendance at the
Stock Exchange to-day, and the sentimental
Of The most conspicuous buying to-day was
n the coaiers. and the special prominence Of
Reading was attributed TO the activity OF a
pool Ia that stock. The review OF the trade
conditions By the recognized organ very
cheerful, however, and doubt wes expressed
whether the usual spring reduction in the
price scale would be adopted this year. at any
event at the usual time. Anlaigamated Copper
also was a responsive stock % enthusiastic
trade reports, and speculative party was
esfd be active IN that stock. The sharp
recovery in New York Central had a good
effect on settlement The movement in West
ern stocks connected with the merger -rumors
vas more moderate. The crisis in the war
10 the Far East. and the threatened catas-
rrCFhe 10 the Russian army had the effect OF
Checking activity rather than Of promoting any
CeGlite position ia the market In Paris the
rUmcr OF another Russian lean seemed to have
q strengthening effect and 70 neutralize the
influence OF the war news. The London mar
keL reflected some doubt in its operations
psuline 1he action Of the Bank OF England
to-u-0ruow on its official discount rate. The
tome Of the money market was easier here for
both call and tine loans. but sterling exchange
etrcngtheflad and the discount New York
at Chicago teidencd. The buoyant rise in
Beading late in the day was interrupted by
some renewed pressure against Union Pacific
and the closing consequently slightly irregu-
lar.
Bonds were steady Total sales par value,
1880. 600.
United States bonds we're unchanged on call
New York Stock List =
=. p. Hutton & Co.. 40 California street
San Francisco. members Of the New York
stock Exchange. fus.lish the following official
euoLaiicns 81 that Exchange