The San Francisco call., 1898-11-01
EASTERN MARKETS.
NEw YORK gToeK. MARISETI.:

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 NEW YORK. Oct 'S1i=--son1e obvious: effort was required to sustain prices to-day; above he level of Saturday ard the midday: rise. was not: maintained to the close: prices in some cases declining below Saturdays level An: Tnspee- ton of the list will reveal that outside* of a. very few cases net changes. are uninlportant.. Some observers believe. that such; strength: as the market has is due to the. support. of very powerful aggregations of capitali: which are in the interest of high prices for ne securi-- ties. . .".::.:-.::;
 Quite a large proportion of the: total: bust. ness to-day was in tobacco. the price @.Qf: which rushed up points to:143ss. Quite.a large proportion of business is taken : up: by the Federal Steel securities, the preferred stock rs: ing nearly points to 75s4. The ,steeT* stocks are dealt in t'when issued,. There are: to be s20O GOO GOO of the Federal stocks. There are to. be s60 0OO 600 of securities of the New Conti- mental Plug Tobacco; annex of. the. American Tobacco Company. As these securities; are In process of fotation the importance: of sustain- ing values in general for. their benefit is un: deniable. The task of doing this. to-day. was not an easy one; and in the late dealings with selling O. Northern Pacihcson a large -scale:;and talk of complications in regard to :: the. roads connections with other roads, the burden apparently became too heavy and pretty much all the earlier gains were wiped out *sTohaccQ and Federal Steel. were conspicuous exceptions:
 There were other points of strength in the market during the day, particularly. anaong the Western and Southern railroads sSt:s Paul: s Septenl Der statement showing an increase.* in net earnings of s253. 331 In spite of large :addi- tonal outlay for operating expenses served to counteract the effect of Burlington.s poor showing, published Saturday. There. were strong statements also from Denver and. Rio Grande and Chesapeake and Ohio; while in the Erie statement the decline in gross, earnings was offset by economies in the. operating de- partment, leaving increase in the net earn ings of nearly $50000, But there was no gem eral public interest in, the market and some attention paid to the large naval and military preparations making in Great Britain. The weakness of the wheat market early in the day on the big Russian shipments was also influence in the market The small demand for money Is not regarded as a favorable. .indt- cation now that there are abundant funds in the market
 There was continued activity in the bond market, the speculative and reorganization bonds being the favorites. The Union Pacific As sold most of the day at par, which price they touched for the first time on Saturday. Total sales 8, 090 000 B :'.:'
 Government bonds were unchanged.
 Total sales of stocks to-day, 244, 100 shares. including: Atchison preferred, 77S0; Burlng- ton, H.267; L, and N, 1291O; Manhattan. 5360; Northern Pacific, B, gro; Rock Island TAO; St. Paul, 2S,450; Southern preferred 99S0; Cotton oil, AFT; Tobacco. Ss, ,s99; Peoples Cas- 3155; Sugar, 27 ITO; Chicago Great Western, 4725.
 CLOSING STOCKS.