The San Francisco call., 1898-11-08
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK, Nov 7.-To-day's stock market undoubtedly reflected the conviction of opera tors in securities that with election uncertain ties out of the way the strong conditions of the country industries will have their effects and prices will advance This conviction so far 1t found reflection in the market was almost purely professional one, for the out side interest a by orders through com mission houses was very small The profes- sional element showed disposition to take profits pending the holiday although there has been sufficient rise in the last two days to turn the balance of operations to that side in any closing up of speculative accounts. The evidence rather the side of covering of shorts Trading proceeded in very desultory manner during the early hours of the day, all though the selling for foreign account, which was fairly liberal, was well absorbed and prices of the international stocks were firmly sus- tained. Southern Railway preferred was con- spicuous example, but as the day wore on the enbraced an incraasinP list of stocks The contemplation of the very heavy volume of oank exchanges and .ne enormous export busi- ness in cereals had their influence on the bull ish tendency. did the continued favorable report of railroad earnings especially from the the east-bound freight movement from Chicago was a feature. Handsome increases in earn Northern Pacific and Great Northern preferred the latter showing S3S6,94l more earned for Oc- Junior to the bonds which were favorites In the heavy bond business to-day felt the advantage of that movement, AtchiSOn preferred adVanC- Ing over a point Tobacco showed the largest activity and gained two points. Metro politan Street Railway and Edison Illuminat- Ing of New York are up or over talk of advantages to the former from the use Of it's conduits for use in electric light purposes Notable movements were advance of ' points in American Express and 51z in Pull man. Northwest gained nearly two points and Lackawanna two points. There were dealings In odd lots of quite number of high grade stocks.
 But the most conspicuous movement of the day In bonds. There was enormous ah- Borption Of the bonds issued for the purpose of ming from 50 to 100 years. Of these the 4 per cents were the favorites and the Atchison is- Bues were easily the leaders gaining 1 per cent In the price on very large demand There were Individual blocks of this bond sold of a par value of S195 000 s105 600 and two of s1O0 0OO still active were Northern Pacific prior liens and Norfolk and Western general. The Erie prior liens and the Reading As, which might be placed in the same class. were heavy. Marked strength and activity shown also by the Baltimore and Ohio 4s when is- Hzs. Dealings in Southern consol 5s continue very large. There a good demand for many other bonds of the middle grade ex- tending in some cases to the purely speculative issues. Total sales, s5,7Oo0 GOO.
 United States 4s coupon and the 2ds ad- Vanced A, and the old 4s and the new 4s regis tered and the 5s E in the bid price
 The total sales of stocks to-day were 2S3 AGO Ihares, including: Atchison preferred, 2S. .063 Manhattan, 5134; Metropolitan Street Railway, l057; Northern Pacific, 10,295; Rock Island. 4735 Union Pacific, 3250; Union Pacific preferred, l56S St Paul. 30, SPA; Cotton Oil. 3212; Tobacco, 9s05; Peoples Gas. 3550; Sugar, 22 049; Tennes- Zee Coal and Iron 1865.