The age-herald., 1898-11-17
in w all Street.

n w all Gtreeb.
 New York, November 16-Apparently the watchers who have been waiting for reac- tion in the market to buy stocks made up their minds that this mornings decline was more than looked for under the circum- stances and they accordingly came into the market with great force and before the end of the day had wiped out the earlier losses almost entirely and established a higher range of values than yesterday throughout. Although net gains in nearly all cases confined to fraction the extreme rise from the low point in the majority of active stocks amounted to 1 per cent. over, and the closing was active and quite strong at the top. Morning losses were not made without resistenee, notably by Atchison, preferred the Union Pacifics and some of the specialties. Chicago and Northwestern and Omaha also showed strength before the break, but the very heavy offerings of the Northern Pacific stocks proved too heavy burden for the market to carry, especially as London continued disposed to realize in the international securities. The Northern Pacifics fell over point below last night and the whole list receded below last nights level There was some stop loss orders uncovered on the way down, but orders in commission houses to buy were encountered in increasing amount and the sharp advance in the northwestern stocks and Omaha ranging from 1A to B and turned the whole market upwards The market for the rest of the day was not en- tirely uninterrupted, but the marked strength of international paper, Sugar, Pa cifc Mail, Baltimore and Ohio, and a few other stocks and the enormous demand for Atcheson preferred kept the bull spirit in Al,A .I-.. on the short side. The selling for Lon don account also changed to buying de- mand at the lower level. These were for the most part simply arbitrages operations based on the disparity between London and New York prices. The session of the Paris peace conference and the fixing of a duty for a. future meeting afforded some relief from apprehensiensl of rupture whichsprevailed in London. The fact of the Berlin exchange being closed served to check recent large selling of American se- curities which has come from that quar- ter on account of the money -stringency. In the local money market although sterling exchange held steady and New York ex- change at Chicago fell to par while the cur rency movement on balance continued away from New York, the rate for call money eased off a fraction towards the close of the day and the demand for time money was less active. There are evi-
 
 feet of the Berlin money situation on other financial centers. Here was a falling off in activity in the bond market and heavi- ness In sympathy with stocks, though the tone improved before the close. r. Louisville, Evansville and St. Louis con- sols trust receipts rose points over yes- terday and IA points over Monday. Total sales $4,37 LOGO.
 United States 3s coupons declined h in the bid price.
 Total sales of stocks today. 5SO. 100 shares, including Atchison, 15,710; Atchison pre- ferred s5,5s4 Burlington, Il 345; Louisville and Nashville, 21.9S5; Missouri Pacific, IT, 175; Northern Pacific, 30S35; Northern Pa cifc preferred. S,1S7; Rock k4And, 2O515; Union Pacific preferred, 12,150; St. Paul, 2S,290 Southern Railway preferred. 9240; Tobacco, 33,S0S Federal Steel, 9,075; Fed eral Steel preferred, 13,SS4 Peoples Gas, 10,990; Pacific Mail 134S1; Sugar, 60, S99; Chi cago Great Western, 10,3S1.
 Money on call steady at 292h per cent; last loan per cent.
 Prime mercantile paper, BOA per cent.
 Sterling exchange steady, with actual business in bankers bills at $4S5A@4.S51h for demand and at $4. .S2d14. .S21s for sixty days. Posted rates, s4.s3 and s4S6b.
 Commercial bills s4.S1A@4S1%.
 Silver certificates, 607sd6119c.
 Bar silver, 60Ac
 Mexican dollars, 47Ac.
 Government bonds easier.
 State bonds firm. Railroad bonds weak.