The San Francisco call., 1905-06-27
New York Stock Market.

NEW YORK. June 2s-The course Of to-
interest TO obtain light how far last week {
professionally conducted advance would prove
successful in awakening interest in the market.
those who had embarked in the campaign in
the confidence that aggressive leadership in
buying stocks would attract a following. The
early dealings on Monday morning are likely
10 reflect the conclusions summed up from the
events Of the week before on the part of those
who have watched from DAY TO day without
making a definite determination. On the other
hand IL is often the case ruat the professional
orer;sfors who have accumulated stocks only
wait for the Monday morning demand thus at
tracted 70 unload and secure the benefit Of the
advance The activity in the first hour to-day
was accepted q evidence OF considerable eX-
tension OF interest in the market, and buying
orders were reported in considerable volume
from widely extended regions of the country
There was not lacking the customary selling TO
take advantage Of this demand for the realz-
fng Of prices. But the effect on the course OF
prices not marked and the uplfft continued
quite steadily. One two Of the days Incl
dents were calculated rather TO dash specula-
tive enthusiasna but the effect of these also
,a-ss ,-,oderate II was whispered prices were
advancing so as 10 fix the limits fixed by sell
ers that the transaction were active When
the buying came 20 a pause no disposition was
shown by sellers 10 follow prices downward
and prices held very stesdIIy in the periods OF
.sullness Prices in London followed our mar
ket and did not az any time overtake il. so
that there was profit IN the selling here OF
stocks which were bought on arbitage in Lon
don. Foreign markets were sull disturbed over
the friction between Germany and France.
The Paris market recovered quite briskly and
,lrfvate advices received here from banking
sources in Berlin deprecated the fears felt over
sne outcome OF the negotiations. A keen de-
fuard for gold for Paris account developed
1,ov-exer resulting in all the supply on the
london market being taken for Paris. while
engagements reaching s3.30o.OoO for shipment
- Paris this week were maze here. IL was
Considered probable that the movement might
-oach considers Bile proportions. This develop
~.crt had dtsQuieting effect on the market
enc there was a marked decline In the rate OF
activity after the gold engagements were an
Se,ce felt IN the continued great ease of the
n,orev market has been an important influence
q, promoting the present speculative movement
T5ora % increased dividend disbursements was
tfo1s With the Reading dividend increase as pre-
,sedent II was argued that the policy thus inoi-
,,sted would probably be pursued in the case OF
Tsal+s,nore and Ohio and Norfolk and Western.
and Union Pacific was also made feature on
81 GOOD assurance OF dividend increase.
9 one argument used 70 enforce the probability
90 ne dfvidend increases was that they were
dedicated by the high level on which these
looks were already selling. Any inconEruity
in pushing these stocks 20 a hlgneT iexsi ola
e.,r,ent Railroad traffic officials MADE encour-
ing reports and IL pointed out that
Ts,-e "a rufrcs this year VIII compare with the
psriod Of food damage last year; The goia
,,nSieturbed. and. although the closing tone
- he market was slightly Irregular, prices
,.asve r1ot much below the best
T3onds were strong. Total sales, par value
s. 400, 600. -,
New York stock List.
II r Hutton & Co. 400 California street
= francisco, members OF the New York
s-ss-,e Exchange. furnish the following official
o,s,tations OF that Exchange;