The San Francisco call., 1898-11-27
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK, Nov. 26.-To-day's short ses- sion of the Stock Exchange was long enough for several uncertainties to develop and 10 re- serve themselves again, that the session, as a whole. continued Of the irregular and mixed character as those Of the whole week have been. The strength Of Americans on the London market was not sufficiently pronounced affect the opening prices here and prices were below the London parity, even where gains were shown. It clear enough how e1eT, that there was continued good demand for Union Pacific and the St. Louis ana San Francisco preferred and Northern Pacihc re- c0fded a recovery of part of yesterday oe- cline There was continued profit taking eVl- dent. at other points and Manhattan suffered a break of 1Ss published denials or a \ an derbilt interest and Tobacco almost as much oR the threatened competition in cigarettes. There were conspicuous fractional Iecesslons also in the Baltimore and ohio stocks and the cCalers showed eXhllaratlOn over stories mat tine coal trade had been fixed There was 1ijt much encouragement to bear operations in such d market, when reports by cable were T;e,-ei,-af that the Spanish Government had in- stftictea its commissioners 10 sign treaty Of peace the market generally turned upward ana ii,ntciIv recovered a part or all of the earlier decLiaes.. AtChisons October statement helped t-4t CoIttlAy +9 p' iis+ S,hs statement showed
 U. net increase of $22T 437 saved out of the gross increase. It was announced incidentally that the reduction in operating expenses, due to would begin on December l. Good statements of. earnings by a number of other railroads
 
 considered strong one at hIst gidhce, Win t the increase in surplus reserve. though sub sequent scrutiny of the decrease in the loan item caused some modification of this view and some late reactions but not until an active buying movement had developed all through .the list.
 in on the course of a market and to curtail operations, except such as are designed to 'even up contracts. The past week was no exception and the movement of prices has been highly irregular all times. and at intervals inclining toward the reaCtionary side. The aggressive attitude assumed by the Northern Pacific toward oregon Navigation in its policy to extend into disputed territory has brought large blocks of Northern Pacific stocks to the market from the dtsgruntled element in the ownership The banking interest which seems to have assumed the task of maintaining the price of the stock in face Of this liquidation is also known to be deeply interested in the newly hoated Federal Steel Company.
 Profit. taking in the Atchson securities was 8 large scale and there was some uneasiness felt early in the week over the outcome of the Paris peace conference, which emphasized the inclination sell. The strained relations . among Northwestern railroads and the storm served to divert the buying demand to
 The bond market has been active and broad during the week and prices, with few excep- tiOns- are higher, though there has been some trregalarity. in the movement at times.
 United States . g coupon have advanced F, the old As registered and the new 4's $ and the+2's. the 3s, the old 4s coupon and the 5s registered l4 per cent in the bid price.
 : Total sales of stocks to-day were 221. 300 shares, including: Atchison, 4035; do preferred. paid 4649; Louisville and Nashville. 6607; Man haitian. 7475; Metropolitan Street Railway, 4442; Reading, first preferred, 3400; Northern Pacific 4741; St. Louis and San Francisco, S-06: do second preferred 4667: Union Pacific 1SS70; do preferred, 13.0T0 St. Paul. 531S; South ern Railway. 343o do preferred. $40; .. P. D. bacco i5.6O0; Federal Steel. 3S6s; do preferred, II Q55; People, Gas, $500; Sugar, 800.