The San Francisco call., 1898-12-31
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK, Dec. 3O.-Stocks rose contin- uously to-day, with none of the customary re- actions, and left off with fractional gains in the standard railway shares and at very ma terial gains in various specalties that were prominent in the days transactions. The Lon don market. where the fortnightly settlement passed off favorably, opened away up on pur- chases partly for American account. There also genuine buying for foreign account owing to the disincination of London opera tors to await possible January boom, and American rails closed at about the best. The initial rise locally not quite up to the London figures, but trading active and broad. Commsion-house buying overcame realizing sales. Industrials were particularly strong, and Rock Island led the Changers up ward. Public interest increased as the day wore on, and prices were generally lifted. There were sensational advances successively in Air Brake, Long Island Railway Delaware Lackawanna and Western, Great Northern pre- ferred and Pullman and American Steel and Wire. All maintained the greater part, If not all of their advance, except New York Air Brake which after rise of points reacted 104 and closed unchanged for the day. The belief that next year will witness more har- monious arrangement in the anthracite trade was largely responsible for the rise in Read ing and other coa-carrying roads. Continued favorable railroad and trade reports and pros pective easy-money rates stimulated the buying, closing the year of the stock ex- change trading in a whirl of activity and strength, with many securities at the highest price of the year
 The bond market shook off It's late hesi- tancy and coursed upward, with particularly large purchases of Reading tours. which fours registered advanced i4, and do coupon the news fours and the threes Is in the bid price. Americas 8 unprecedented trade with monthly increases in exports continued a great supporting factor in the days business. The gold holdings of the United States are larger thah those or other countries and increased sums of money, profitably loaned abroad are subject to call as they may be wanted. Deposits passed the $500 900, GOO mark in last weeks bank statement. The absorption of American securities by home capital followed this plethora of money. A rise in cereals brought out formers supplies. increasing east bound traffic. while the farmers demands for manufactured articles increasing with their available funds, gave the railroads a proftabie return trafflc. There was evidence of the traditional disposition to restrict at the end of the year, but rather a tendency to dis count the reinVestment of January dividends Business was in larger volume at generally ders, accumulated over the Christmas holidays resulted in Tuesdays buoyant trade with transactions the largest of the year. being lit- tie short of 100000 shares of stocks Subse- quent trading was enormous but not m to the first day. London was a free purchaser on balance, regardless of the stiff contango rates for the fortnighty settlements there The idea that Tuesdays enormous bulge was the continuation of the rise seized the traders Wednesday. and prices fell off, and for the first time this month the market closed weak at A. considerable recession in prices A f,nrr,, ,n call money, which was momentarily hid nn to 6 per cent, aided the decline in Values Iut large offerings soon brought money ba,c,, Ote t low figures. The market was tested again hv the bears on the succeeding days but recuner ated and closed higher. November net in creases were general Burlington leading with a 40 per cent increase. Improvement in the week reached very formidable proportions in the standard stocks. The rise in the Grangers extended to 3lk in Rock Island but the Pacifcs averaged only about a point Purchases of gilt-edge stocks were in large volume and substantial gains were the rule
 The weeks bond market attracted consider able attention the marked undercurrent strength exhibited there serving to inspire con- fdence in the general situation. Purchases for foreign account were very heavy and a keen demand was evident for the gilt-edge issues U. s. threes advances h, the new fours H the ola tours 7s and the seconds 1s in the bid price.
 The stock exchange will be closed to-mor- row and on Monday
 Total sales of stocks to-day sss FOO shares including; T'Ss Atchison. 23.Se0 do preferred,