The San Francisco call., 1898-10-08
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK. Oct 7.-The stock market con- tinued and professional to-day. and even the industrial speclalties, which have shown violent fluctuations and feverish activity for some time past fell into comparative quiet ude. The lndustrals. nevertheless. continued to occupy the most prominent place in the trading. The movement of prices in this group was conflicting the early part ct the trading but the reactiOnary tendency gained the upper hand in most cases and wiped out nearly all of the earlier gains. Sugar was less active than Of late, but ruled above yesterdays level most of the day and rallied point from the lowest in the late dealings in face If the continued heaviness Of the general market Metropoli- tan advanced early to l67. but broke in the late dealings to l53la. Peoples Gas and Brook lyn Rapid Transit also enjoyed their period Of strength but succumbed in the late dealings the latter showing q net loss of l2s Tobacco. Consolidated Gas Cleveland. LOrain and Wheeling preferred. Reading first nreferred Pacific Coast and q number of other special ties were notably weak. In the railroad list the most notable feature was the continued the market.
 of the fact that 1t was the one American stock which showed an advance in London. The price declined at one time 1h and rallied only feebly. Some effort was apparent to support the price at times, which attributed to German holders, but the burden of liquida- thized. The preferred stocks Of both compa- Ees were noticeably firm. the declaration of the regular quarterly dividend Of per cent on Northern Pacific preferred being an incident Of the day. There rumors in connection with the decline In Northern Pacific common of serious differences among inside interests over questions of policy, these interests holding a very Influential position toward the whole transcOntinentaI situation There is fear that further conflicts over transcOntineutal business will be involved. Next to the Paciics the grangers were most notably affected. The fajl- ure of this group to respond to the very favor able earnings shown by recent statements also invited realizing.
 Rates for time money were easier to-day. and mercantile paper is also tending to a low CT basis, with a very little supply in the mar ket. The shipment of currency to the interior during the week has offset imported specie, and banks have gained from the sub treasury tomorrow s bank statement Is expect ed to show a further large gain in cash re- serves.
 A reactionary tendency developed in parts of the bond list after the early hrrnness. There were sharp gains in Wisconsin Central firsts and Susquehanna and Western General fves. Total sales. g. l55, coo.
 United States 2s advanced X. the threes. when issued, %s. the old fours registered and the new four coupon A and the new fours reg istered and the fves h in the bid price
 The total sales of stocks to-day 271, 900 shares, including: AtChison preferred. 4190; Burlington 6300; Manhattan. 3S20; Metropolitan Street Railway. 13 $50; Northern Pacific 62 $50 Northern Pacific preferred. 4s20; Rock Island, S0Sl; Union Pacific l3,120: St Paul. S9SG: Union Pacific, Denver and Gulf 13, 250; American To- bacco. 2SS20; Peoples Gas, Il G2O; Sugar. s. S20 Rubber 4400.