The San Francisco call., 1898-12-28
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK, Dec. 27.-Stocks were strong and higher to-day with business well dis tributed. The improvement in railway quo tations was from l to points generally and even greater in the specialties. Shifting of speculative accounts and profit-taking were at times responsible for fluctuations downward, but the tone throughout confident Among the many reasons to account for this were fa- vorable traffic reports for the third week in December, especially St. Paul, where the gross increase was over sl75, coo; Saturdays good bank statement, the North Dakota de- cision in favor of the railways and continued ease in the money market. Moreover the advance in Americans in London had a stimu- latng effect, although later there was moder- ate selling from that quarter on advances here. There was a continuation of the ten dency to discount January dividend disburse- ments, larger proportion of which will re- main in this country than hitherto because of formerly owned abroad The Grangers were more largely traded in than of late at advanc- ing prices, Rock Island making extreme ad- vance or points, St. Paul las, Burlington l% and the others point each Many orders, ac- cumulated over the holidays. were received to buy at the market and caused a wide opening in many stocks. American Steel and Wire stocks rose about eight points each and re- tained the greater part of the advance Fed eral Steel also. both common and preferred was up over two points and eased off some what. Peoples Gas and Brooklyn Transit were very strong, the latter on the theory that there would. be an announcement in January or the consolidation of competing lines. Sugar
 
 strength. because of the reported complica- tions in the trade due to sales direct to the retailers by the independent companies and a reducton in the price of the refined article The stock lost about three points at the open ing, rallied slightly and closed a little above the lowest. Several of the minor industrial specialties displayed strength, especially Leather preferred and Lead. Other stocks whose advances attracted attention were Nor folk and Western. Pittsburg C. C. C. and St Louis. the Pacific. Metropolitan Street Rail- way and Bay State Gas The closing was strong slightly under the best aggregate transactions having reached nearly a million and establishing the largest total for the year The bond market tended strongly upward. the inquiry embracing a marked variety of is- sues with substantial Improvements. Total sales, S, 1500 GOO. United States 3s advanced Ik and the 2s 1s in the bid price.
 Total sales of stocks to-day. 95l, 300 shares in- cluding 1900 Atchison, 32 450 do preferred 4It5 Central Pacific 17,22O Burlington, 10, $50 Denver and Rio Grapde preferred, 10. 100 Louisville and Nashville 6S00 Metropolitan. 13.l3O Missouri Pacific s4o0 Missouri, Kansas and Texas pre- fferred' 02o Northern Pacific. l7.O2O do pre- ferred, s.020 Rock Island. r. coo Union Pacific 6S,OO0 St. Paul, ,00G Texas and Pacific e6 O06 Steel, 2LOIO do preferred, 25 020 Peoples Gas 3eSO General Electric, 9727 Lead, 12 i20 Pacific Mall, 2OOO Sugar, 16,300 Leather 3s o1O do pre- ferred. 5400 Rubber, 3430 St. Louis and San Francisco. r, 720 Chicago and Great Western.