The San Francisco call., 1906-10-11
New York stock Market.

NEW YORK. Oct l0.-Dealings in stocks ex-
handed in some degree today and strength n
the market was better distributed and, conse-
guently. had more sympathetic effect on the gen
ersl list The result was TO diminish the spotty
appearance of the market. That appearance
not entirely abolished however d a lev
stocks showed disproportiOnte strength ana ac-
tivfrv These stocks were Of a better class than
Yesterday. when the low grade OF the secuIllles
which began 10 appear IN the list Of candidates
for speculative favor had a detrimental elect
on Tie Tone OF the whole speculation. There
was 10 change in general conditions 10 account
for the better tone Of speculation The most
consnicuous movements were accounted Tor Dy
rum0rs Of specific developments regarding the
individual properties. most OF lnen Fasue anu
unauthorized. Prospective dividend increases
and combination projects were conspicuous tea-
lures in the day's stock market gossip Union
Tsscf6c and St Paul rose Jointly on g revival Of
reports Of closer relations These rumors
gained additional force from the fact of the re-
election Of the president Of the St Paul as a
director Of the Union Pacific az the annual
meeting Yesterday. That meeting also gave
rise 70 renewed assertions that the pamphlet
report was 10 appear tmmedla tely, ana tnat II
would contain important information bearing on
the addition 10 the value Of the property Assur-
auces from authorized sources that the report
would not be ready for the stockholders for sew
eral weeks did not seem TO diminish the active
speculative operations In the stock, which were
attributed 70 the so-called Western element
Tn large increase IN gross and net earnings for
August reported by the Union Pacific was in
favor of the movement Other railroad stocks
did not respond 70 similarly favorable show
ings Northern Pacihc's prosperous annual show
ing did not seem 10 help the stock. The ore
deal group was sluggish until late in the day
when 9 demand for United States Steel devel-
oped which BTried il 10 the highest price
prosperity III the copper trade was moderately
reflected in the movement in Amslgamated Cop
per Hopes Of dividend increases were motives
for the rise iu Pennsylvania and American
Smelling. although the latter stock showed the
effect OF pr0ft-takug IN It's wide advance dur
ing the course OF the day. The same was true
~ some other stocks which rose sharply earlier
IN the week. Money continued 10 work easier
in spite Of the manifest pressure for remittance
10 London. which made sterling exchange strong
mot only here, but IN Paris and Berlin The
adTance in the official discount rate Of the I'm
nriia Bank Of Germany was IN accordance with
expectations. and the private discount rate re-
cosled there TODAY. IN London however, the
private discount rate advanced. and II was con-
sdcred probable that the Bank Of England
would advance its official rate tomorrow IN view
Of the heavy Withdrawals Of bullion from its
already depleted supply. as shown IN last week 5
statement. The bank sent another 81, ,250, 600 to
Egypt today. IL is believed that New York
had made 2 large reduction OF its Indebtedness
10 foreign money markets this week. That il
could do so without disturbing the relaxing ten
dency Of the local money market is regarded
as encOurag giug evidence Of the Improvement in
situation was reflected also IN an enlarged de-
mand FOR bonds al advancing prices, which gave
that market very firm tone Total sales (par
raluel. 50 754 600.
United States bonds were unchanged on call.
New York Stock List.
F. F. Hutton & Co.. 40 California street
members 0f tie New York Stock Exchange fur
nsh The following list Of bond and stock sales
yesterday