The age-herald., 1898-11-10
Local Staple GrocerIea
Tn Wall Street.

New York, November 9-The stock mar ket was very decidedly firm during the morning hours and the list took on quite unmistakable evidences of strength and even buoyancy. But by 12 o'clock the de- mand for securities seemed satisfied and the market fell into dullness and a some what reactionary tendency which persisted to the close. The British interpretation and understanding of the American cleo tions, always more or less obscure and confused, prompted them to mark up prices over Monday. The opening here did not fully respond, prices showing below the London parity. The international arbi- trage brokers seized the opportunity to cover sales made at higher level in London "A number of the internationals sagged quite sharply immediately after the open ing, notably St. Paul, New York Central and the Pacfics. The buying for London Account was the determining factor in raI- lying these stocks and carrying the whole market to a higher level. Even Sugar, which opened down over a point scored a full recovery. With the cessation of the London buying about noon and with re- newed break in Sugar, which had proved a heavy load to carry all morning for the prices began to drop off, the decline in railroads ranging from a reaction to half per cent.
 Even in the market leaders among the railroads there was little produced either by the above factors or by the late weak ness in Manhattan, which fell 2% Sugar continued its downward tendency to the ex- tent of 3A points and closed near the low est. The announcement of the cut in the product and the output of new refineries com ng to the market was the cause of the weakness and the bears were also ac- tive, judging from the high loanlng rate for the stock.
 The weakness of Manhattan was asso- ciated with the stockholders annual meet ing, although the yearly statement of earnings, showed 4.16 per cent earned for stock was better than Wall street had ex- pected.
 The stiffening of the call money market In the last rate to 2k per cent. and for Small amounts to per cent. had it's effect on the late reaction and was a reminder In the decrease in cash shown in Satur- days bank statement. .vToday's active mar ket made an active demand for money on call
 The bond market continued strong and the per cent. issues added to the active list were the Louisville Unified bonds and the Kansas and Texas, St. Louis and San Francisco and Denver and Rio Grande is- sues A number of the speculative bonds n- cluding the Atchison adjustments the Ore gon Short Line income issues and the Texas Pacific seconds were also strong and &C., tive. Total sales s5.715O00.
 United States new As, the old As registered and the As coupon advanced h, and the 2s declined A and the 5s coupon M in the bid price.
 Total sales of stocks today were 499 700 including: Atchison preferred, 40S95; Bur- lington. 17790; Denver and Rio Grande, pre- ferred APO; Louisville and Nashville, 23,- 220; Manhattan. 29,540 Metropolitan, 13 AIS; Northern Pacific. 21520; do. preferred. A. 620; Rock Island 21,OS5; Union Pacific. S,64O; Union Pacific preferred. 24S69; St. Paul, ST. 260; Tobacco. 20,150; Federal Steel, 7,759; Federal Steel preferred, 13, ,595; Peoples Gas, g,240: Sugar. 62, ,503; Tennessee Coal and Iron, 12,560
 Money on call firmer, 1sl@3 per cent; last loan per cent.
 Prime mercantile paper, 3A@4h.
 Sterling exchange easy with actual bus- ness in bankers bills at &S51a64.S5% for demand and at $4.S21s64S2A for sixty days.
 Posted rates. $4.S3@4S31a and $4.S61k@4S7.
 Commercial bills, $4.S164.S2.
 Silver certificates, 601aG611sc.
 Bar silver, 60kc.
 Mexican dollars, 47c.
 Government bonds irregular.
 State bonds inactive.
 Railroad bonds stronger.