The San Francisco call., 1898-11-10
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK; Nov. 9.-The market was very active and decidedly irregular during the morn ing session the Stock Exchange and at one time the list took on quite uniform evidences of strength and even buoyancy. But by 12:30 o'clock the demand for securities seemed sat- ished and the market fell into dullness and a somewhat reactionary tendency, which hoisted to the clouds. London, in spite of the dull- ness and heaviness of the general market had confidently marked up prices of Americans yes terday and to-day while the New York Ex- change was not in session The British inter pretation and understanding of the American elections, always more or less obscure and con- fused, probably prompted them to do this. The opening here did not fully respond, prices showing below the London parity. The inter national arbitrage brokers seized this opportu nity to cover sales made at higher level in London. number of the internationals sagged quite sharply immediately after the opening. notably St. Paul, New York Central and the Pacifcs The buying for London account was the determining factor In rallying these stocks and carrying the whole market to a higher level. Even sugar, which opened down point scored full recovery:
 The commission houses are busy with buying and selling orders and large operators actively bid up their favorites With the cessation of London buying about noon and with a newed break in sugar. which had proved to drop off, the decline in the railroads ranging all the way from fraction to IF Ser cent In the market leaders among the railroads, however. there little effect produced either by the above factors or by the late weak ness in Manhattan, which fell 23s. Sugar con- tinued its downward course to the extent of 3A points and closed the lowest. The an- nouncement of the cut in the product and the output of new refneries coming to the market the of the weakness, and the bears were also active, judging from the high loaning rate for the stock. The weakness of Manhattan associated with the stockholders annual meeting. although the yearly statement of earn ings, showing 4.16 per cent earned for the stock, was better than Wall street had ex- pected. In the railroad list however, the clos ing generally steady and at net gains, which reached point in some
 The bond market continued active and strong and the per cent issue added to the notably active list were the Louisville unified bonds and e the Kansas and Texas, St. Louis and San Fran cisco and Denver and Rio Grande. A number of the speculative bonds. including the Atch- ison adjustments, the Oregon Short Line income issues and the Texas and Pacific seconds, were also active and strong. Total sales S5, 715. 900.
 United States new As, the old Fs registered and the 3's coupon advanced M, while the 2s declined A and the 5's coupon is per cent in the bid price.
 The total sales of stocks to-day were 499 700 shares, including: Atchison preferred, 40 395; Burlington. IT, 390; Denver and Rio Grande pre- ferred. 422S; Louisville and Nashville 23 220: Manhattan, g, $40; Metropolitan, 13,41S; North ern Pacific, 2I.72O: do preferred, 462O; Rock Island. q. Os5; Union Pacific, SS4O do preferred ferred: H,275; Tobacco, 20 150; Federal Steel, 7594; do preferred, 13 5s5; Peoples Gas, s245: and Iron, II, 56o: Rubber 3So5.