The age-herald., 1898-11-12
n Wall Street.

'''A Ste' '"eA'' e-0. si
 ,n Wall Street.
 New York, Nov. 11.-Wall street was pre-. pared for an outburst of enthusiasm over stocks on the part of the general pu1iieA after yesterdays ebulient enthusiasm on the part of the street itself. The grangers, tn Northern Pacifics and the leading southern railroads opened higher. The. publics nthusiasm had apparently induced it to place larger orders to buy stocks at the opening. The foresight of the large operators in making the opening level of the market meet a higher was thfss justified and they fed the eager demalnf of outsiders quite freely. Prices, howevsIs were fairly well maintained at first, butsftE spite of the violent activity of the marlset' it soon became evident that the supply-@d @dfs stocks was fully equal to the demand.4
 Room traders detected evidences of real-, izing by large interests, and commenced .to sell the market with quite marked. effect, on the grangers This had. the effct. of checking activity, and the market fell into dulness until it received renewed impetus from the strength of special stocks. The shorts in n-sugar became nervous, as result of the high loaning rate for the stocks. and covered some heavy lines, raising espriees 23sc. Union Pacific preferred was pushed up to 69Ae, Brooklyn Rapid Tranist above 69c, and Peoples Gas above 17c. Prices generally rose to near the best again in ympathy with this movement and invited renewed buying for outside account through commission houses. But the level was not maintained in the last hour, when call money was marked up to 2ls per cent, and prices fell away throughout the liSf-l Earlier gains were practically wiped out in the grangers, the Pacihcs, except the Union Pacific preferred, the southern stocks and many specialties, including Fed eral steel. Atchson preferred which was again the leader of the market showed more substantial opposition to the decline than many other stocks. Dealings in all of Atchison securities was on on enormous scale and it was accompanied by reports of the early entry into the directory of a financial interest largely dominant in Rock Island. There was an unexplained ad- vance of 21a points in Central Pacific, which was not improbably connected with the coineident strength of Union Pacific preferred Pacific Mail also advanced no- tably on account of increased earnings The decline of the last hour was accom- panied by increased activity indicating a disposition toward liquidation
 The bond market was again phenomenally active and embraced great variety of is- sues. The Atchison adjustment 4s were. however, easily the leaders with total sales of par value of nearly $2,OOO.OOO This bond advanced per cent. to 73A and re- acted & in. the late dealings The Atchs- son general As were also largely taken. Prices afe generally higher than yesterday though the highest of the day was not maintained. Total sales $9, ,235 OOO United States 5s declined h in the bid price
 The total sales of stocks were 733 800 shares including: 12,035 Atchison 75165 Atchison preferred, 23.S6O Chicago, Burling- ton and Quincy 16,970 Louisville and Nash vile, SS76 Manhattan, 30,440 Northern Pa cifc, 10.475 Missouri Pacific 39.77O Rock Island. 24,216 Union Pacific, 39 990 St Paul. 5S,375 Union Pacific preferred 2323o To- bacco. 31.525 Peoples Gas,> 62950 Bay State Gas, ,710 Federal Steel. 27,ASO Federal Steel preferred 1,266 Tennessee Coal and Iron. 59,7 Sugar, 7,1S5 United States Rubber, 9340 Chicago Great Western
 Money on call steady at 2d21s per cent: last loan per cent.
 Prime mercantile paper, BOA per cent
 Sterling exchange frmer with actual biisi- ness in bankers bills at S4S51b63d S5& for demand and at $4.s2A@4.S2is for sixty days.
 Posted Rates, $4S3 and s4.s
 Commercial bills, $4.S16481B.
 Silver certificates, 60k6611kc
 Bar silver 607sc. e
 Mexican dollars, 47Ac.
 Government bonds weak
 State bonds strong
 Railroad bonds strong.