The San Francisco call., 1906-10-13
Ven York stock Market.

KEW YORK. Oct l2-The strong points in
raday's stock market were not so Wen sus.
tanned rs recently and there were fewer OF
reem. What the weight upon the market con
sisted ~ was not easy 10 distinguish Inc IN
identihed character Of the selling, however dla
nor lessen ifs influence on speculative sent-
ment II was especially imposing in Union
Pacific and defeated attempts TO lift the STOCK
-a Il iiebe. level AS the Hartman stocks
have hean recognized leaders Of the market for
saI iodafpite amounts Of Uunon Pacific when the
rTice showed any disposition "a advance had a
sinister erect Another feature OF sentimental
effect on tie market was the continued difnculty
q advancing tne price Of United states steel
Tho stock sod at J0i4 today. thus disposlng OF
THE suspicion that irresistible amounts were for
sale al 90 The passing Of that barrier seemed
rn give no additional facility 10 the advance
This 4 disanoointpd a hope that belsted move
nent in that important stock was about 10 take
the leadership ID the market Persistence OF
rhe rum0rs that early dividend increases were
in prospect for fennsylFania. Amalgamated COP
nor and American Smelling were responsible for
IS efforts 70 lift prices IN direrent STOCKS
proved abertive there was a decided falling on
in the sctiTitE OF the market ana the move
Hlcnf became very sluggish ana irregular. Sonle
Influence was allowed 10 the money outlook as
D. restraining force in speculation. although the
Immediate condition remains one OF ease ane
fhe estimates Of the weeks currency movement
POINT % strong bank return tonlornow a., ne ne
banks appear 10 have gained between SbOuouoO
and 5000 coo during the week. but the esti-
mates show that the gain is due wholly 10 de-
phsits Of Government funds and TO receipts Of
foreign gold while the interior continues TO
draw on New York by express the excess OF
shipments orer receipts for the week being IN
tic nelgiib0rfood OF $500. 600. New York ex-
change NJ Chicago rcceded today 10 25c dis
count showing the continuance OF pressure upon
Ncw York for crop-mOying purposes. There is
no probability Of { relaxation Of this pressure
for some time 10 come. It is recognized, how
ever that the import movement of gold has been
definitely ended hy tie rise in the Bank Of
England discount rate. II IS believed also that
rhe deposit az S26.OO0tl00 offered by the Treas
ulT Department 10 the hanks has been about
completed thus ending relief from that source
mess additional measures are taken Much
7ntcrest attaches 10 the showing Of the loan
stem of toraofr0w's bank statement for the light
j viii throw how Tar the paying OF Of for
eiEn obligations this week las involved recourse
- new borroUing here. The easing tendency Of
iaoney was sensibly checked today, but there
vas no actual stifening Of rates. The reac-
rionary tendency persisted as often as efforts
wore made 70 lift prices and the market closed
heavy.
BONDS were firm. Total sales Cpar value),
s. 2e2 0o0.
United States bonds were unchanged on call.
New York Stock List
T. T. Tlatten Co.. 100 California street.
members Of tie New York Stock Exchange, fur
nIsh the following list Of bond and stock sales
yestsrdar;