The daily morning journal and courier., 1898-11-29
Eimnmctal.
The stock Market.

New York, Nov 2S.-An animated half hour of to-day's stock market, which carried prices throughout the list buoyantly above the previous high lev el and made the closing very strong. The demand was broad and better dis tributed than at any other time during the day and the market looked h alth CT and freer from manipulation and less consested in a few prominent stocks than at any time during the current upward movement. Just what the mo- tive for the renewal of the buying was did not become obvious. Perhaps the sullen obstinacy of the market in the period of dullness and reaction in spots which followed the opening strength had large influence in encouraging renewed commitments to the long side. The receipts of some orders in commits sion houses which had been held back by the damage to telegraph wires was also a factor. The market had already had it's opening sput on the acceptance by Spain of the peace terms offered by the United States. Prices for Ameri- cans had been sharply advanved in London on the strong showing of this factor before the opening here The professional traders rule to sell on good news brought flood of offerings to realize on the opening advance by those who had been buying for sev- eral days in anticipation of the Paris decision. The bears seized the oppor- tunity to attack a group of specialties including Manhattan Brooklyn Tran hsit, Sugar, Peoples Gas and Tobacco and worked declines in them of from 1 to per cent. The coalers, which have so often been the target for the bears, broke away from their associa- tions and showed unusual strength on account of the belief in an adjustment of difficulties over the control of trade There was notable realizing in the At chison issues, which held them back throughout the day. There was heavi- ness also in the Federal Steel stocks and at one time in Sugar. The reac- tion tendency carried prices before the middle of the day back to near Satur- days level in some cases. The recovery began with the receipt of a number of strong tariff returns, notably that of St. Paul for October, which showed 1 an increase in net earnings of S306676, after an addition to operating expenses of nearly $192, 900 over last years expen- f ditures. There were good statements besides for the third week in Novefn- Der from Norfolk and Western, St. Louis and San Francisco, Southern Railway and Denver and Rio Grand, and for October from Chesapeake and Ohio, besides an increase of eastbound shipments from Chicago last week of i1,51S tons over the preceding week and of 61,442 tons over the corresponding period of last year. The trunk lines felt the benefit of this latter statement, especially those of the south, the north- ern lines feeling the adverse effect of thes nowstorm. Baltimore and Ohio be came conspicuous in this group in the late dealings. The aggressive strength shown by Union Pacific, Northern Pa cific and the Oregon Short Line issues was rather convincing evidences of pro- gress in the efforts to heal the differ- ence between Northern Pacific and Ore gon Navigation. There was a conspic- uous upward movement in Metropolitan Street railway, carrying it to 1903, ir spite of loss of earnings by the snow storm.
 AEIV FORK STOCK MiRRkT