The San Francisco call., 1898-12-23
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK, Dec. 22.-The market con- tinued to-day its upward movement on a tre- mendous volume of business, second only to the record made day last week. London traded both ways, her purchases and sales being larger than for a long time. On balance it is estimated that 35,000 shares were taken for London account Denver and Rio Grande preferred was a favorite in both mar kets on predictions of a per cent dividend, which later materialized. Union Pacific is- sues were absorbed on rising prices for both foreign and domestic accounts pool, ap- parently connected with prominent banking in- Ierests, seemed in control of this stock in the local trading. There were no new develop ments in the property except that a good showing was forecasted for the November statement to be presently issued, and the con- tinued association of the property with the Alton deal, in which other roads well are supposed to be interested. Realizing sales by certain large interests although causing a reactionary movement early fin the day. seem ed to have been well taken, considering their volume. The evidence or scale buying and conspicuous purchases by two powerful in terests resulted in an almost buoyant tone be- fore noon. There was covering of shorts who have expected reaction, which failed to ap- pear to any extent thus far because of the large absorption of securities by the public. There was pronounced strength in the grang- CTS. Rock Island crossing III by a handsome fraction. while St. Paul ruled around 11S and Quincy l23. The movement in these and other standard dividend paying. stocks had a healthful influence elsewhere where bull leaders were successful in stimulating the movement. Tobacco and Sugar displayed ex- ceptional weakness at one time but recovered substantially in sympathy with the late buoy ant speculation. Baltimore and Ohio shares suffered from realizing, consequent upon yes Ierdays substantial improvement. Missouri Pacific under period of heaviness rallied three points on rumors that a dividend decla- ration was not improbable. Federal Steel continued its advance, the common rising three points on the favorable trade situation and the belef that the powerful interests were sup porting the stock.
 The bond market was irregular during the early part of the day, but subsequently, moved generally upward in sympathy with the stock market Total sales of bonds, S12, ,95o, ,0OO
 united States 3s advanced A and the new 4s and the other 4s coupon 1s in the bid price
 The total sales of stocks to-day were Sg9 1oo shares, including: Atchison, CLIO; Atchison nre
 ierred, 321O0; Central Pacific, 25 800; Cincjn
 natl and Ohio, 32S5: Burlington 25570: Den
 and Rio Grande. 9S55; Denver and p4o Grande preferred, IS, 050; Illinois Central 255o. Lake Erie and Western 10, ,4s5; Lake Erie and Western preferred, 3S74; Louisville and Naeb
 ville, 5O70 Minneapolis and St Louis eoso. Missouri Pacific, 36, ,S20: Missouri Keneas e ns; Texas preferred, 1920; Northern Pacific 10 15o. Rock Island, 32, 600;Union Pacific 4e 200 ITnfon Pacihc preferred, g, 600; St. Paul. 34 2e4. Sontb
 ern Pacific. 1850; Southern preferred 49Si Texas and Pacific. 37,535: Paper l5 3s5: Amer
 1can Spirits, 17,520; American Spirits nreferrad
 !soO; Tobacco, 5000: Steel, 1lS.72O; Steel nre' ferred, SO,550; Peoples Gas 15.50O: Colorado Fuel and Iron, 5S10; Pacific Mail s725 Snrar 1e,020; Tennessee Coal and Iron 2s 620: Len tber' 1O,&0; Leather preferred. 14 700; St Tonis and Southwestern, 7250: St. Louis and Soutb9 western preferred, 10 230; Chicago and Great Western, 10, 920 "'