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

NEW YORK. Nov. 10.-Prices surged upward on the stock exchange to-day with what can only be adequately described rush and roar. It was 8 day of furious activity through out In all departments and the closing was at boiling point and at the best prices Of the day. The greatest interest and activity shown in the railroad securities Of all classes and nearly all of those which were traded in show at least l per cent higher for the stock. The majority show gains of between l and 2 per cent.
 This rate of increase raised to between and 8 per cent in the case of Atchison preferred. Rock Island, Baltimore and Ohio, Denver and Rio Grande preferred. Union Pacific preferred, St. Paul and Omaha, C., C., c. & St. L. and some of the specialties. The Oregon Naviga- ton stocks, both common and preferred, show gains of per cent The industrials and other specialties fell into the background both rela- lively and absolutely. and were almost totally neglected until the later dealings. Sugar Brooklyn Transit and Illinois Steel stocks then Eprang into activity and scored substantial ad- vances near the close In the case of some stocks high record prices were made to-day and In the case of many others the high price of the year was approxinated. Atchison prefer red Northern Pacific and Union Pacific stocks reached their record prices to-day. There can be doubt that the strength of the market Is attributed to the feeling of relief that the unsettling doubts and uncertainties over the election thing of the past and the conf dence that the generally prosperous condition
 
 prices to a higher level. There was a spirit of abounding optimism abroad and everything in the outlook. The marked falling off in the export demand for wheat and the resulting fall ditions of the trunk line situation which caused declines for New York Central and Pennsylvania in London received no attention and the prices of those stocks were advanced over a point. B. & O. rose 22s and Norfolk Reports from the iron trade Of drift toward lower range of values which might ordin- Rrily be expected to have marked effect on the Stock market, were passed unnoticed. St. Paul's first week 8 statement, although 1t show ed an increase of over s21 GOO. much less striking than some Of that roads recent re- turns which have passed unnoticed, yet there was an eager demand for all the grangers which made the group the leaders of the ket in point of activity. The Atchison securi- ties held foremost place and all Of them ad- vanced strongly, the preferred rising 2M per cent with a stock issue of over s120 oOO. GOO to move. Northern Pacific preferred more than redeemed its quarterly dividend and Union Pa cif1c preferred heavily bought both for home and foreign accounts London buying was again a marked feature and commiesin5 ly taking away the market from the hands of the traders and eating up all offerings to take profits without appreclable check to the day s continued advance.
 The days business in bonds holds the record In the volume of transactions All classes of mortgages were in demand but the reorRaniza- tion issues continued the favorites. There was however generally distributed business in high grade bonds and many speculative issues were brought forward in the movement. Total sales United States new 4s registered advanced # :: do coupons as and the 2s and 3s registered 4 and the old As registered and the 6s registered The total sales of stocks to-day were a7s . 700 shares. including: Atchison. 10. 200; do pre- ferred, 75, 02o: B. & o. S200: Canada Southern tsi6: C. & O., 365O; Burlington, 2s.575; D. & R. r preferred 1000: L. & N, 1s. 72O; Manhattan II go: Metropolitan Street Railway. 9SO5; Mis- pouri Pacific, 7550; New York Central, 7520: Northern Pacific. 41.22O; do preferred, ex-divi- dend. 10. 42O; Northwest Terminal, s75O; Rock se isse Southern Railway, 3412; do preferred E,4is Union Pacific preferred Te, s7S29; yV Wabash P1!stt rses l000 Federal Steel 13, ,620 do prefer 5ed 2s 52O; Peoples Gas. IS l2o: Colorado Fuel md Iron. ss75; Pacific Mail Sss5; Sugar, 6s, 75o: