The San Francisco call., 1906-11-20
New York Stock Market

NEW YORK. Nov. l9.-Ihe stock market
started the week under the full impulse OF the
first hours business the largest for that in
terTal of time Of any that has been done
for many months past Prices were affected
considerable by the inrariable custom Of pro
fessionsl opera tors 10 distribute stocks TO meet
ne" OUTSIDE Taes5oa 0eIeanG ah1 t abe breaath and
strength Of the new outside demand ana the
effective absorption which resulted had very
encouraging effect on sentiment. Inc specu-
lative forces behind the market therefore
came in with renewed accumulation and resumed
operations for the advance with more ap-
pesrance Of substantial strength than at any
time last week AS the day progressed. now
ever there appeared 70 be some distaste
Tor the feTerish sentiment in st. Paul and the
excessive buoyancv displayed by tnat STOCK
0tber stocks which shared with st. Paul
the movement and seemed TO be freely sup
piled on all adyices.
not influential in their sympathetic enect
on other stocks these prime favorites. Union
strong and were continually carried back by
selling 10 realize. while Southern Pacihc and
American Smelling under pressure that
was almost uninterrupted While not sutnclent
cause for positive weakness in these stocks until
the general decline, when money went 10 . per
cent. this pressure sufficient cause 10 pre-
vent them from sharing in the strength pre-
vsiling elsewhere IN the market. Many low
priced nOndiVidend paying stocks also were
made active at advancing prices ana this sug-
Sested effort TO bring about process OF ro-
ration In demand which affords better facilities
for digestion OF profits Rates for call loans
rose higher than on Friday last and thus caused
some misgirings over the adequacy OF the aug
rnented supplies in the money market TO carry
on a successful speculation. Variety was given
10 last weeks rumor the subject of St Paul
by assigning q possible part TO buying IN the
Hill interests. while last weeks rumors were ali
agreed in destination for the property in the
Hartman combination. The subject Of a pos
sible competition 10 secure the property thus
conveyed seemed TO jar upon speculative sus-
ceptibilfty to some extent.
Reports from abroad pointed 70 some clearing
M Of the doubtful feeling over the money out
look there well here. London discount
rates allowed 10 sag 10 below the ofnclal
hank rate and sterling exchange on the con-
rinent declined. Here rates for foreign exchange
were maintained in spite Of large purchase OF
stock here for London account and free offerings
OF commercial bills in the English market
Sub Treasury operations were in favor OF the
money market. the banks having gained 81
1es. 600 from the government institution since
the bank statement compiled. Further
release Of gold by the Bank OF France for
market But the rise in call loans 10 per
cent Offset other considerations and was re-
sponsible for the free selling which in the hnal
hour carried many stocks to a level below sat
urdsv The market closed easy
Bonds were easy. Total sales, par value,
81 $50. 600.
United States 2s declined q per cent on call.
New York stock List
FF Hutton & Co, 400 California street.
members OF the New York Stock Exchange, fur
ulsh the following list OF bond and stock sales
yesterday