The San Francisco call., 1906-07-19
New York stock Market.

NEW YORK. July Is-The appearance in the
e5 +p m bsYti atts S * e -ices Sigbe9
which have been followed for two days past. The
selling was attributed largely TO foreign account
and was seemingly based on the new alarm
caused by the disorders in Russia and the decln-
tnR hopes OF arranging a workable compromise
between the Ministerial authorities and the con-
ftrolling element In the DounH- russian secure
Nies were sharply depressed and Paris sold Sc
curities on large scale IN London Ihe press
fnre 70 sell was not continued efter the active
first hours trading and the market developed the
same passive tendency es tor several GAYS p1sI, -
But the professional trading element seemed 70
have lost It's recent confidence IN bidding up
prices 70 discover vulnerable bear accounts Ine
amount of short contracts which have already
been covered served 10 weaken the technical po-
noon the declining interest IN the market had
fallen 70 condition Of almost absolute stagna-
tion, and there no perceptible drift In prices
About midday there was brief upward move
ment IN Amalgamated Copper, which seemed 10
derive its inception from speculative hopes OF an
increase in the dividend at the directors meeslhs
tomorrow. II was reported that a dividend had
been declared yesterday by the Boston ana Mon
tana. a subsidiary company, and that the rate
of that dividend would be announced at the same
time as the Amslgsmated dividend tomorrow. This
opened a field for speculation. but there was ut
te disposition 70 take adyantage OF me opportEu: "
nifty The strength In the wpeet maIket wa, was 0 OF
mixed influence which cOunterbalsnced can otner
Ga stock market consideration, reports OF damage
70 American spring wheat on tne one aana Su9
OF deficient foreign crops on the other. Puolshed
reports OF broadening scope N the INTENDED
movement for the prosecution OF the SLAhohra
OF Company were given some credit Tor tDe
heavy tone OF the market Conditions IN the
bond market were little changed. me success
Sion OF large debit balances By the sub-treasury
rejects some large extra disbursements on Coy
eminent account. But these are ikeY 70 oe OF,
sci bv the anal repayment Of the $40 OO0. 600 OF
Government deposits due on or before Juiy ~.
Payments thus far made at the New nosR a Sud
treasury on this account amounted 70 bur S2,9oo,-
600 Including payments made on drafts from IN
ferfor institutions for the purpose. New YORK
hanks themselves held 50 200, 600 Of the deposits
caiied Ii Is evident, therefore. that tho bulk OF
the repsyments IS being deferred until the limit
~ fbe period allowed. The possible effect on the
banking position may have its part in the con-
eervetiVe attitude OF t0days speculation me
foreion exchange market was held steady today
and money IN London was IN demand. But a
ehipment OF 81 5O0, 600 IN gold from Australia TO
San Francisco was reported, Illinois Cehtrt4
sold OF on the establishment OF It's dividend on
regular Der cent basis Room shorts covered
10 some extent and caused slight ree0yerleh, Dut
the closing tone was dull. -,
Bonds were easy. Total sales tpar value)'
$3.50 600 -,
United States p declined per cont On call
New York stock List.