The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1898-11-22
EASTERN MARKETS.
NEW YORK sToCK MARKET.

NEW YORK, Nov. 21.-The upward move
ment of prices in the stock market was at full
tide to-day when the afternoon special editions
brought the Paris bulletin to the Associated
Press announcing that the president of the
Spanish Peace Commission has declined to
proceed with the negotiations after the pre-
sentation OF the United States Commissioners
final TERMS The professional room traders
turned feieIs Immediately and the large buy
ing orders which were being executed all
around the room were apparently withdrawn.
Prices melted away quite rapidly IN this con-
dition of affairs, declines reaching nearly a
point in many cases. Supporting orders were
then placed in many Of the leading stocks and
the decline was checked. There was appar-
ent disposition to continue the buying move
ment, however, and for time during the last
hour the market fell into almost entire neg
lect This condition of affairs invited renewed
short selling and the drift slowly DOWN
ward to the close. The result is that many
stocks which were not conspicuously strong in
the early dealings closed lower than Satur-
day, while the notable advances in the leaders
are much reduced. Atchison preferred easily
continued its leadership of the railroad list,
and ii made its way through a flood OF offer
ings up 21s points to 471s before the Paris news
checked the advance Peoples Gas reflected
also very heavy demand and rose at one time
2h, but saved less than point in that gain
The early movement Of the market was con-
fined very largely to special stocks, the
grangers and the recently awakened South
westerns hating somewhat. Northwestern was
an exception in the granger group and gained
and Omaha, rose nearly points, The Balti-
and Ohio issues also showed very
marked strength Early in the afternoon Penn
sylvania sprang into activity and made
notable advance of 21k points. supplemented
closely by Pittsburg, Cincinnati, Chicago and
ST. Louis preferred. This gave renewed tone
10 the whole market and led to the strongest
upward movement of the day, the level of
prices being quite generally lifted near a point
over Saturday. The story of the reaction Is
told above. Uneasiness over the money sftua-
ton in Berlin and the approaching maturity
of large obligations there had apparently sub
sided. The Northwestern railroad stocks were
relieved from pressure and the threatened rup-
ture between Northern Pacific and Oregon
Navigation, fell into the background.
There was very large and well distributed
demand for bonds and some sharp advances in
prices resulted, which well maintained to
the close in spite of the weakness in stocks
Total sales. s4,460, 000
United States As registered and los coupon adj
vanced Il, and the rs and IS coupon the old
and new IS registered and the IS registered Il
in the bid price.
The total sales of stocks to-day were $40 100
shares, including: Atchison, A, 500: Atchison
preferred IS, $40; Burlington Is. SIS; Denver and
Rio Grande preferred 5000; Manhattan, % 800;
Metropolitan Street Railway, 1855; Missouri
Pacific, 3015; Northern Pacific, 1870; Northern
Pacific preferred, 1924; Northwestern $685.:
Union Pacific, 1920; st. Paul, a. $50; St Paul
and Omaha S345; Texas and Pacific. $500;
Union Pacific preferred. 13,749; Tobacco, 49, APO;
Federal Steel, $3.50; Federal Steel preferred
1878; Peoples Gas 1908; Pacific Mail 1915:
Sugar, g., 500; Chicago Great Western 70 400