The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1905-06-01
New York Stock Market.

NEW YORK. May 31.-The strength OF to-
days stock market developed in spots at first,
but the few strong stocks had a sympathetic
effect on the general list and advances became
general during the late trading. The tone was
! hesitating and uncertain at first. This was
partly due to the influence of the London mar
ket. where the ending Of the stock exchange
settlement concluded without any damage
result probably Of the considerable re-
covery of the last few days in Americans Its
success had encouraging effect on stocks
here. as some apprehension. has existed OF bad
the part OF London spectators. International
policies seemed 10 play small part in the
market and the belief that an early peace was
20 be forthcoming was not so distinct factor
as on Monday. japanese bonds in this mar
ket continued to overshadow all others in
prominence but moved with some Irregular
ity. Realizing in them was in evidence after
the opening and the first series Is were carried
TO a sharp fractional loss, but they recovered
dence Of pressure against the United States
Steel stocks was q factor in turning prices
current that practically all existing pools and
agreements TO maintain prices in the trade
We're IN course OF oissoIuuon iolloWlng the e1-
ample OF the steel rail pool Fears were en-
tertained that this would serve to add TO the
difficulties Of keeping Up prices and would
With the possible exception of the crop out
look there Is no one subject to which so much
Importance is attached as TO the course 70 be
stration that the present lull In the trade is
but temporary would have the effect of re-
the stock market. News of weather condi
tions regarded as favoring the grain
crops. but the weekly crop bulletin OF the
Weather Bureau. received a mixed interpreta-
ton The upward mevement Of the latter part
OF the day received its first definite impulse
from the aggressive advance in Reading. No
immediate news was forthcoming TO explain
mors alleging an intended increase in the
dividend on the Central Railroad Of New Jer-
sey and from these differences were drawn OF
more liberal dividend policy on the part of the
Reading itself which controls the Central of
New Jersey and this served to arouse hopes OF
coming BENEFITS. also for Baltimore and Ohio.
Norfolk and Western and Chesapeake and Ohio
stocks. ghe expected report on the investiga-
ton OF the Equitable Life Assurance Society
professions of hope that its publication would
mark the close Of the controversy on that
subject One effect pointed out from the WHIP
ing out of the Russian naval force is the
opening OF the way for free transport OF Jap
anese supplies from this country. II is ex-
pected that this may facilitate the outlay in
this country of some part of the proceeds of
the japanese loan still on deposit in New
York There was a great deal of revival gos-
sip concerning Union Pacific accompanying the
large buying of that stock, but there was not
explicit news. The days advances were well
held and the market closed firm.
Bonds were firm Total sales. par value,
s5.e3o .ee0.
on call.
New York Stock List.
r. F. Hutton & Co, 400 California street.
San Francisco. members of the New York
Stock Exchange, furnish the following official
quotations Of that Exchange