The age-herald., 1898-11-24
In Wall street.

New York, November 2S-There was disposition manifest to curtail operations on the stock exchange in the early hours of today's session on account of tomor- rows holiday for one thing and on account of one or two depressing influences in the market which offered obstacles to the suc- cessful prosecution of the bull campaign. The snow storm in the west with its in structive obstruction to traffic and reports of damage to live stock was discourage ment to advancing prices. There was rather less assurance felt also that the Northern Pacific Oregon Navigation mbrogllo was to be patched up and Northern Pacific stock and others concerned tended downwards. Weakness in number of the specialties, notably Tobacco, on reports of the char acter of the opposition in the cigarette branch, actuated the prevailing tendency. Peoples Gas dropped off at one time 11a, and Federal Steel continued to drop. There was a marked falling off in the Atchisen preferred, probably by influence of the de- pressing influence of other stocks. There was a very bullish spirit latent in the mar ket, nevertheless, and it turned from these centers of depression, and from the region of the snow storm to other specalties and the eastern railways. The movement was most marked In the coalerS and had its inception in the Reading issues. The buy ing of these securities were attributed to the bank interests, which yesterday ad- vanced Southern preferred and which is dominant in Northern Pacific and has inn portant interests in Federal Steel. How far yesterdays manipulation of Southern pre- ferred and today's of the Reading securi- ties is designed to sustain the weak spots elsewhere in the common interest of the manipulator can only be a matter of sur mise. There was no news to account for the movement in Reading, but the other coalers, in which the short interest is perennial extensive. responded sharply in sympathy the demand coming for the most part from the shorts. There was a very active demand for the greater part of the day for Manhattan, the new interest in the directory being generally interpreted as representing the inauguration of new meth kadS There was very wide latitude given
 he interpretation. Wall street guesses
 ended as far as an absorption of Ee-
 ed system for joint operation with New
 \ Central. The stock advanced nearly
 Plts net at one time on the strength of
 clement and in spite of a very large
 Ny of stock at the advance, Louisville, New York Central, Ontario and Western and a number of other eastern railroads enjoyed their period of strength and aided towards the late recovery and the firm close at a level generally above yesterdays prices.
 There was a large activity at several points in the bond market. notably in the Reading generals, the Denver and Gulf firsts and the Colorado Southern fours "when issued"
 The strength of these tended to counter act weakness at other points. Total sales, $5 160, 900. United States As new coupon. old As and the new 5's coupon advanced A and the 3s and the new As registered, E in the old bid price,
 Money on call, steady at 2G2h per cent; last loan, 2h
 Prime mercantile paper, 31ad4R per cent. Sterling exchange, weak, with actual business in bankers bills at $4.S5G$4.S5A for demand and at $4S29$4S2A for sixty days. Posted rates, $4821a6$4.S3 and $4S6d$4 S612. Commercial bills, s4S1@$4S11s.
 Silver certificates. 6015@61R.
 Bar silver, 60R.
 Mexican dollars, AT.
 Government bonds strong.
 State bonds easier.
 Railroad bonds irregular.
 Total sales of stock today were 416,lO0 shares including Atchison, 13,395: Atchison preferred, 97,150; Burlington, APO; Louis vile and Nashville, 31560; Reading, first preferred, 20 BOA; Northern Pacific, 17.245; do preferred. 5270: Rock Island, 12520; St. Paul, 12,170 Southern railway, 10,4S3; Southern preferred, 2O51S; Tobacco, 13,2S7; Sugar, S,492.