The San Francisco call., 1898-11-13
COIN CERTIFICATES IN CIRCULATION.
EASTERN MARKETS.
NEW YORK STOCK MARKET.

NEW YORK, Nov. 12.-The process of diges- tion of railroad and corporate securities was continued on an enormous scale at to-day's 8 short ression of the Stock Exchange Tie public were in the market again as buyers at the opening and very heavy orders placed with commission houses were executed throughout an extended list. At the same time recent bly- CTS, who saw an inviting prospect to secure profits at the present advanced level of price
 were sellers The result was very active and broad market, the constant exchange of secu1i- tles going on in the first hour and resulting in rstEeT unimportant changes in prices except In few cases. With the completion of the buying orders the realizing offers were in a way to exceed the demand in the second hour
 and prices showed a sagging tendency. But the violent advance in Sugar to 12S%, or almost eight points net, caused a sympathetic harden ing in prices and turned the traders to the bull side and induced the shorts to cover hastily
 The result was strong close, notwithstanding the final slump of over two points in Sugar
 the net advances reaching point or over in many eases. The important movement in the Atchison securities was continued and gave tone to the whole market. The principal ac- tiyity in the movement showed a tendency to shift from the preferred to the common stock
 which advanced 13s on the day. The preferred stock and the bonds continued in large de- Inand. the former closing at net advance of 1% Other properties In which the lead in this movement Is interested also notably strong, including Peoples Gas, Rock Island and Brooklyn Transit, but the Federal Steel stocks showed haltlng tendency. The strength Of Louisville and Southern Pacific was due to the excellent traffic returns of the two roads ror the first week in November. The bank state ment. which was unfavorable. was disregarded
 The business in bonds on the Stock Exchange during the week. which only four full days and to-day's short day. exceeds all pre- vious full weeks recorded, with total sales of a par value approximating s34. 600, 0O0 againet the previous high record of less than S25 0OO GOO
 On Thursday the sales of bonds exceeded in par value S10, 900, 000 against the best previous days business of SLIGO 900. and Friday the days business of $7, ,500, ,000, and on Friday the record. In the total number of shares and stocks dealt in the weeks record has been many times exceeded. but in the number of different issues in which one hundred share lots have been dealt in the weeks record has never been surpassed, thus indicating the breadth and uniform interest in the market The orders through commission houses for the three days have been larger than at any time since August, rehecting the growing outside in- terest in the market. Many of these orders have come from the West and South, where the strong business conditions and the large earnings of the railroads gave confidence In values Buying for foreign account has also been a conspicuous feature of the weeks busi- ness on the stock exchange, not only through the national arbitrage channels but by bank ing houses with foreign connections. IL IS eyi- dent that the outburst of activity and strength on the stock exchange has only been represseo