The San Francisco call., 1906-06-09
New York stock Market.

NEW YORK, June e.-The profession
al limitations OF the present STOCK mar
ket were still manifest TO-DAY. IN IacI'
the slight evidence OF small cominls-
sion house baylng which was reported
p yesterday ana Whlcn aroused hopes
that the professional campaign was
meeting its first success in attracting
outside interest was no longer percep-
tiole today. The aggregate Of the sa.es
underwent q decided shflnkAge. Inc
character Of the market was not ma
teriaIly changed from recently prevail
ing. conditions Fewer stocks were
picked for a Demonstration 10 attracI
attention by large dealings ana RAPID
advances More attention was PAID 70
the action of the grain markets ana tile
effect OF the Government report on Nhe
June I condition of wheat was Ieare
for. the unfavOra bic effect il might pro-
Suce on stocks when il appears on
Nordav The market weakened gener-
ally during the irst hour on TINS ac-
count A better tone developed when
wheat was found to be declining, out
stocks turned downward aSlin l@te
in the DAY. Some points OF sPecldl
strength among the Crangers were due
. 10 reports Of good crop conditions aivhs
those lines. AtchlSon was notaDlt tA-
ample There was some stIength IA
the Could group on account o. tle sSs, !,
Element with the Wabash debenture Is
bond holders. and reports OF a large
consolidated bond issue IN prospect F. ne
assinlntion that more active market
is Sought by some OF the large nnanCial
interests 10 assist the absorption ol
new issues in hand, was given crecll
1bF movements in stocks OF some COM
psnies so situated The sharp advance
IN Delaware and Hudson was accom-
'T5aslied By active dealings in the con-
feFfioie bonds on the curb and apph-
cation was made 10 list the ponCs a
.t;he stock Exchange.
The weeks currency movement did
not Indicate a large change in cash re-
serves of the banks on the ac ual move
Ineut but the easy tone OF call money
indicated i strong bank statement The
loss reported on Sub-Treasury opera
lions OF S6Ss eco includes return OF Gov
eminent funds advanced 10 the DaRhs
aaAinst gold imports 10 an amount
larger than that and as the gold mas
arr5ved this loss Is Offset A small gain
or the express movement with the IN
terrier. IS also Indicated Gains MADE late
last week inquired ont SIG MY ..g,ah ~ the
showing OF averages upon Whlch tne
last bank statement was made up ana
the. discrepancy is expected 10 pc recti-
fed in tomorrow s statement A sllSnt-
IL frmer tone was reported for time
money today. due 10 decrease IN
amounts of offerings The sterIng eA-
change market continued 70 aoNaslce
in response 70 the earlier money con
6ttions and demand Tor remittance
against maturing finance bills was SAID
10 be an important factor IN that mar mar
ket Attention was given to published
expressions by a prominent banking
Official in q tone OF warning agalnsl
assumption Of money security peHonG
the immediate future and pointing 20
the requiem ents st1u unmet ior pay
rnent for the san francisco insurance
losses and the lidufdatiOn Of assets yet
10 be effected on that account The
continuance of the injunction against
the enforcement Of the S0-cent gas law
pending a decision in the suit 70 test
Is constitutionsiity caused feVerlsh
fluctuations in Consolidated Gas. The
closing was easy
Bonds were irregular. Total sales,
par value s4.250,00o.
United States old IS coupons ad-
vanced q per cent on call