The age-herald., 1898-11-22
In Wall Street.

New York, November N.-The upward movement of prices in the stock market was at full tide today when the afternoon special editions brought the Paris bulletin to the Associated Press announcing that the president of Spanish peace commission had declined to proceed with the negotia- tions after the presentation of the United States final terms. The professional room traders turned sellers immediately and the large buying orders which were being ex- ecuted all around the room were appar- ently withdrawn. Prices melted away quite rapidly in this condition of affairs until de- clnes had reached nearly point in many cases. Supporting orders were then placed in nany of the leading stocks and the de- cline was checked. There was no apparent dispos tien to continue the buying move ment, however, and for time during the last hour the market fell into almost entire neglect. This condition of affairs invited renewed short selling, and the drift was slowly downward to the close.
 The net result is that many stocks which were not conspiculously strong in the early dealings closed lower than on Saturday while the notable advances in leaders is much reduced.
 
 leadership of the railroad list and made it's way through a flood of offerings up to 2h points to 47h before the Paris news checked the advance. Peoples Gas reached also heavy demand and rose at one time s2as. but saved less than a E2int in that gain.
 The Changers and re1ently awakened Southwesterns halted somewhat. North western was an exception in the Granger group and gained 2& points, and it's sub sidiary company, St. Paul and Omaha, rose nearly points. The Baltimore and Ohio issues also showed very marked strength. Early in the afternoon Pennsylvania sprang into activity and made notable advance of 25 points, supplemented closely by Pttsburg, Cincinnati, Chicago and St. Louis preferred. This gave renewed tone Sto the whole market and led to the strong est upward movement of the day, the level of prices being quite generally lifted nearly a point over Saturday. The story of the freaction is told today above
 z Uneasiness over the stringent condition of money and the approaching maturity of obligations there had apparently subsided. Hhe Northwestern railroad stocks were re- 1feved from pressure and the threatened rupture between Northern Pacific and Ore gon Navigation fell into the background. There was very large and well distributed demand for bonds and some sharp advances in prices resulted. which were well main- tained to the close in spite of the weakness III Stochs. IOtal SaleS $4,4oUUUW OnfIeQ States S's registered and Ys coupon ad- Vanced A, and the 2's and 3s coupon, the old and new 3's registered and the 5's reg istered h in the bid price.
 New York, November 21,-Money on call steady at 2@21a per cent; last loan 2A per cent. Prime mercantile paper, 316@41a per cent. Sterling exchange steady, with act ual business in bankers bills at $4.S5A@ 4.S51s for demand, and at s4S2A A@4S21s for sixty days. Posted rates, $4.S3@4. .S61k. Com mercial bills, $4.S1Q4811k Silver certificates, 60t@61M. Bar silver 6O%. Mexican dollars, 47s. Government bonds, strong; state bonds. inactive; railroad bonds, strong
 By Private Wire to Paine Murphy S. Co