The age-herald., 1898-11-11
In Wall Street.


 New York November 10-In the trading on the stock exchange today the greatest interest and activity was shown in the railroad securities of all classes and nearly all classes show at least per cent. higher for the stocks. The majority show gains of between 1 and ? per cent. The rates or increase israised between and per cent. in the case of Atchison preferred Rock Island, Denver and Rio Grande preferred, St. Paul and Omaha, c. c. c. & St. L., and some of the specaties. Oregon Naviga- ton stocks for both common and preferred show gains of 1 per cent The industrials and other specialties fell into the back ground and were almost totally neglected, until the later dealings. Sugar, Brooklyn Transit and the Federal Steel stocks then sprang into activity and scored substantial advances before the close. In the case of some stocks high record prices were made today and in the case of many others the high prices of the year which prevailed about the first of September were ap- proximated. Atchison preferred, Baltimore and Ohio Northern Pacific and Union Pa cfic stocks reached their record prices to- day. There can be no doubt that the
 
 feeling of relief that the unsettling rates and uncerta mites of the election are thing of the past and to the confidence that a generally prosperous condition of the country is sure to assert itself and lift values to a higher level. There was abounding optimism abroad and the outlook more favorable. The market falling off in the export demand for wheat and the resulting fall in price had no effect The unfavorable conditions of the trunk line sit uation which caused declines for New York Central and Pennsylvania in London, re- ceived no attention and the prices of those stocks were advanced over a point net, Baltimore and Ohio rose 23s and Norfolk and Western preferred was at one time up 3H The reports from the iron trade of a tendency towards a low range of values which might ordinarily be expected to have marked effect on the stock market were passed unnoticed. St. Paul's first week statement although it showed an increase of, over 21.000 was much less striking than several of that roads recent returns. which have passed unnotced, yet there was an eager demand for all of the Changers which made the group the leaders of the market in point of activity The Atchson securi- ties held foremost place and all of them advanced strongly, the preferred rising 2as per cent with a stock issue of over 120,000,- 900 to move. Northern Pacific preferred, more than redeemed it's quarterly dividend and Union Pacific preferred was heavily bought both for home and foreign ac- counts. London buying was again marked feature and commission house business was on an enormous scale fairly takr -he market out of the hands of the traders and eating up all offerings to take profits with out appreciable checks to the days con- tinued advance. .e
 Today's business in bonds holds the rec ord in the volume of transactions. All classes of mortgages were in demand. There was a well distributed business in high grade bonds and many speculative issues were brought forward in the move- ment. Total sales, 10,O45,000.
 United States new As registered ad- vanced E. coupon % the 2s and 3s regis tered A and the old As registered and the 5s registered h in the bid price. Money on call steady at 262R per cent last loan per cent.
 Prime mercantile paper to per cent.
 Sterling exchange weak with actual busi- ness in bankers bills at $4.S51404.S51s for demand and at $4.S2014S2A for sixty days.
 Posted rates $4.S3@4.S31k and s4.S6@4.S7.
 Commercial bills, $4S11s.
 Silver certificates 60A6611Ac.
 Bar silver. 60hc.
 Mexican dollars, 47c.
 Government bonds strong.
 State bonds strong.
 Railroad bonds strong.