The San Francisco call., 1905-06-24
New York Stock Market.

NEW YORK June 23.-The organized move
mept for the advance IN prices OF stocks con-
tinued to-day and further progress was made
The market was about on the same scale OF ac-
tfvity for several days past The move
meht. however, showed less consistency than on
yesterday or the day before, This was owing
10 ths disposition take profits in stocks which
have led the previous advance with the advan-
Nage oIered Dy Pushlng Up new STOCKS 10 eus-
tain the market. The rotation through the list
was also less complete than yesterday. The
days gains q Consequence are less widely
distributed and the high prices OF the day were
Jess evenly maintained. The weight Of selling
10 realize seems 70 show progressive increase
the further prices advance and proved less easy
70 absorb to-day than heretofore. The con-
ouctors OF the movement, however. showed con-
siderable confidence In taking over the stocks
made necessary in order 10 hold the advanced
level OF prices and were evidently disposed to
proceed with the movement. It was said that
there we're cases where selling orders placed
above the market had been withdrawn, owing
70 the better feeling inspired by the upward
movement. Obstacles OF this nature are neces-
szrily met IN Starting market out OF the pro-
longed inertia which has served TO discourage
speculative long holders and 10 make them
Watchful for the first opportunity 20 get out
and save loss. The withdrawal OF such or
ders is evidence Of the success which Is designed
by 2 professional and manipulative movement.
such as The present hae been 70 incite inception
The same spirit which dissuades present holders
from selling their stocks is expected 10 Lead
new bu.ers 70 come into the market New
buyers thus far have not made their presence
conspicuous The selling for London account
was a special burden to-day, the foreign mar
kets being unsettled by renewed anxiety over
the Moroccan situation. Operators in stocks.
however showed the same disposition TO ignore
uufavorsb bic factors as for several days past.
The prospect Of criminal suite In the Equitable
Life affair was cited even as helpful TO the
market. owing to the thorough going nature OF
the reform thus Indicated Both the wheat and
corn markets were decidedly unsettled by re-
ports OF conditions against the crops. Never
theless the granger stocks were prominent In
the daV's advances and were resorfed TO IN the
shifting OF the Pennsylvania group. in which
there was selling 10 realize on yesterdays ad-
vance. The market showed some Of its former
sensitiveress 70 the reiterst1on of the Prest-
dents views on control and regulation OF cor
por2tions contained in his speeches yesterday
The der1snd for the Pacifcs accompanied
by renewed rumors of a coming dividend
SoutheH scosfc. The principal buyer OF the
stock lJ,-cEined his willingness 10 wager large
sums as TO the early declaration Of dividend,
but no official information on the subject was
70 he had The weeks currency movement has
mates running high as ST. O00 00o including
routine exchanges with the interior, transfers
through thc sub-treasury from San Francisco
on account OF receipts OF Kiondfke gold and on
account q the regular fiscal operations OF tho
Government. A strong bank return is there
fore expected. The buying svbeided consider
ably during the afternoon and the closing was
distinctly easy, with the gains reduced 90 a
fraction and a struggling array OF small losses
Bonds were irregular Total sales, par value.
United states bonds were all unchanged en-
call
New York stock List.
e F. Hutton & Co. 40 California street.
Sen Francisco. members os the New York
stock Exchange. furnish the following official
quotations OF that Exchange;