The San Francisco call., 1899-01-27
EASTERN MARKETS.
NEW YORK STOCK MARKET

NEW YORK Jan. 26.-Stocks made sub
stantial progress upward to-day until the clos
ing dealings, when there was the usual profit
taking, accompanied by vigorous selling for
the short account. which sent prices down an
average of about point, but leaving fair gains
for the day. Transactions were in excess of a
million and half, being the second largest
day in the history of the exchange. Expecta-
tiOns of an early settlement OF the peace treaty
and the firmness of Americans in London were
important features in the markets strength.
The unrest in the Philippine Islands was passed
unnoticed and has no appreciable effect on
trading. The grangers made extreme advances
of from 1 to 2ss, the latter in st. Paul on its
showing of a net increase for December of
$S35, 000 Northern Pacific and Union Pacific
displayed strength, although the latter eased off
considerably on intimations that the Wander
bilt deal was suspended for the present. Other
railways displaying special strength were
Reading and Southern preferred. Among the
1nactiyes shares, st. Louis, Southwestern pre-
ferred and Minneapolis and St Louis were
features of strength, while Long Island rose 1
points and St. Louis and San Francisco first
preferred advanced 5& and over points for the
common and second preferred. Metropolitan
continued its sensational advance of yesterday,
jumping ll& TO 22OA, but in the final dealings
Brooklyn Transit, Peoples Gas and Federal
Steel preferred at one time made notable gains.
Sugar, Glucose, Rubber. Pacific Mall and Ten
nessee Coal and Iron were likewise strong fea-
lures among the specialties. A number of low
priced stocks moved up sharply. The ease of
money, which is the backbone of current high
prices is shown by the quantity of funds Of
fered for long periods on exceptionally easy
terms. 1t was reported that money had been
offered at per cent for year, and that large
sums were being received from all parts of the
country in New York. Pacifics and Chesa-
peake and Ohio were purchased for London
long accounts, While other Americans were
traded in both ways. A number of commission
houses did the largest business to-day that they
had executed in many years. Their purchases
kept the traders on the long side until the
final dealings.
The features of the bond trading was the ex-
tensive demand for the middle-grade issues
which found a ready market at advanced prices
The general market strong throughout
with the demand embracing a large variety o1
issues. Total sales $7,4Q0 900. United States
bonds are unchanged in bid prices
The total sales of stocks to-day were 1853 S0(
shares, including q. 450 Atchison, &C. 920 do pre-
ferred. $500 Central Pacific, 40. $50 Chesapeake
and Ohio, 90 500 Burlington, IS. .961 c. c. c. anC
st. Louis. 10,470 Denver and Rio Grande pre-.
ferred, 42,70O Louisville and Nashville. % Is;
Manhattan, 29. 600 Metropolitan, q, 300 Readine
preferred, 22,900 Missouri Pacific, o. 299 New
York Central, 7S,000 Northern Pacific, 81, ,770 d.
preferred, 19, S55 Ontario and Western, 23 81
Rock Island, 19,900 st. Louis and Southwestern
1850 do preferred, 1S, 700 do second preferred
Southern Pacific, 32 600 Southern Railway A.
$50 do preferred 40,SSS Union Pacific preferred
$500 Paper 5000 Cotton Oil, A50 Tobacco, 4S 90
Steel $500 Steel preferred, 76 $40 Peoples Gas
400 Colorado Fuel and Iron 6370 General Elec
tric 36l9 Brooklyn Transit 1000 Lead 2s 95
Pacific Mail, A.. APO Sugar, AZ 500 Tennessee Goa
and Iron, 500 Leather, IL 610 do preferred H. 20
Rubber. 1870 Western Union. 7500 Rio Grand,
Western preferred. 24,366 Chicago G. w.