Prevailing mood at second ball (10)
I believe the answer is:
atmosphere
'prevailing mood' is the definition.
(atmosphere can mean a mood or air)
'at second ball' is the wordplay.
'second' becomes 'mo' (both are short periods of time).
'ball' becomes 'sphere' (I've seen this in another clue).
'at'+'mo'+'sphere'='ATMOSPHERE'
(Other definitions for atmosphere that I've seen before include "blue?" , "Air" , "Gas surrounding a planet" , "character" , "Feel" .)