The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1898-11-23
EASTERN MARKETS.
NEW YORK STOCK MARKET.

Prices were sharply advanced at the open
ing to-day and for a number of stocks closed
the best. But the market in the mean
time went through period Of depression and
the bulk of the days business was done below
the best prices and in some very prominent
stocks below last nights closing prices. The
opening advance emphasized by the dis
covery of the spurious character of yester-
day s report Of Senior Montero Rios refusal to
proceed with the peace negotiations at Paris.
The bears who sold short yesterday. FASTENED
to cover this morning, and there were be-
sides a large amount Of orders in commission
houses from the country at large. Rock
Island, Atchison preferred, Baltimore and Ohio,
Denver and Rio Grande preferred and Norfolk
and Western preferred were up about point,
and Federal Steel, Manhattan, Tobacco and
Peoples Gas rose from to ~. This sharp
Advance in prices invited realizing on a very
large scale. and there was, in addition,
newed heayiness in the Northwestern railroad
properties on revived reports OF an embittered
war in prospect between Northern Pacific and
Oregon Navigation and its extensive allied in
terests There was a slackening up also in the
advances in the Changers, probably on account
of the prevailing storm in the West. Very
marked weakness developed in the Federal
Steel stocks, the preferred stocks dropping 21A
per cent The reported ground for this weak
ness is the alleged unwillingness on the part
OF some Of the small financial institutions TO ac-
eept these newly hoated securities as collateral
There was "a very marked falling off in the
lately conspicuous movement in Atchison after
the heav1ness in the general market developed
IN marKed degree, ihese special points OF
most powerful interests this financial CEN
ter and the support was forthcoming in quite
a vigorous manner toward the close Of the day
The rise in Northern Pacific was attributed
to the large banking interest which exercises
the dominant control in the property. 1t was
regarded as significant that the stocks of other
companies which the same interest has been
dominant in reorganization or formation adj
vanced simultaneously with Northern Pacific
Such stocks were Southern preferred which
to extreme Pa the Reading stocks the
Erie stocks and Federal Steel stocks Ii was
the inside support and manipulation in this
group and in Federal Steel which rallied the
market. incidentally there was q recovery of
pig per cent in Delaware and Hudson and OF
nearly points in Chicago and Alton New
York bank clearings up to-day to over
1920, 900, 000 The bond market also showed de-
cided activity to-day and prices Welded at
some points, while advancing in others. Total
sales, "a. $40. co.,
United States ends and the 5's registered ad-
vanced Is, while the 9's and As registered de-
clined Is in the bid price
Total sales of stocks to-day were 505 ono
shares including: Atchison, H. $40; do preferred,
Grande preferred $3.50; Manhattan, 80 7o5
Northern Pacific 1925: do preferred, Ss sSi
Northwestern, 3045; Rock Island, 10, S07: Union
Pacific 1875; do preferred 16, 10; St Paul IL :
755; Southern Railway. 16, 090; do preferred AZ :
532; Texas and Pacific, $3.50; Union Pacific pre-
ferred. 16, III; Paper, 55s5; Tobacco 1900; Fed
eral Steel 1865; do preferred. 2.941; People 9
Gas 1925; Pacific Mail. 400; Sugar. %, 794;
Western Union. 1858; Chicago Great Western,
CLOSING STOCKS