The age-herald., 1897-12-01
In Wall Street.

4 NEW 1OIk, 1NOf. OO.-l AiC PiAhSiPSeA AeeS tors in today's stock market were the statements of earnings of October Of two great railway systems of the coun- try, namely, Pennsylvania and Burhng- ton. Both statements made a remark ably strong showing, but that of Bur lington had been discounted by active Speculation and the rumonS that have proceeded the publication for some time past have grossly exaggerated the pro portions of the increase. As a. conse- uuence there was some disappointment fin speculative circles over the Burling- ton statement, and the action they took imparted a heavy tone over the whole of the granger group latte in the day. In the final hour prices of the group steadied in the strength of the general market, Rock Island leading with net advance of 1A on reports that the com- pany's refundng scheme had been per fected and the sale of the first block of new per cent bonds were concluded. The October statement of the Pennsyl- vania system, with its increase in gross earnings of $90o0O0, and In net of $45S,- 100, was regarded as strongly favorable and as reflectlng a large general i'm provement in business. The stock of IIlc G6HISyIN NdIWt IdiliOdQ HOSS A1S per cent under its influence and all the trunk lines showed a marked degree of strength. New York Central, Lake Shore and Canada Southern rising from 1 ito points.
 Although the Burlington statement compared With d very strong month last year and with one less business day In this month than last year, and al-
 
 fell slightly below September of this year, the falling off of the record month Of September was small there was a large increase in the operating expenses both in the Burlington and Pennsylva- mia, amounting to $449,69o in the case of the former and $291. 500 in the case of the latter increasing the arrearage for the outlay of expense which exists in railway property throughout the coun- try. Sugar was again very active, ad- yancing 2K. Rock Island and Omaha gained point. Consolidated Gas is 1k higher and Northwestern gained IA. Otherwise net gains in the active stocks are confined to fractions, and there is a fair sprinklfng of small losses throughout the list. The sales of silver certificates and exchange for II 0o0 OuEcSS Ht lrO1il lO oSSA were a. Ieat- ure of the day. Bar silver sold here alt 59lk, a price which had not been equaled since July 22.
 Total sales of stocks 219,2O0 shares, i'm cluding C., B. & o. 1S,000; L. &, N, B. $50; Manhattan, 10,5sO New Jersey Cen tral, 9.916; Missouri Pacific, 6,Si0; New York Central, 5,340; Rock Island, 16,145; Denver second preferred, 3,625: St. Paul, 14,592; Peoples Gas, 12995; Sugar, 56. .225
 The bond market showed some activ- ity and strength in higher grade Issues.
 Total sales. $1. .6S5,000.
 United States old As registered ad- vanced A bid.
 Money on call easy at 1k@2 per cent; last 1oan 1% per cent; closed, 11s@2 per cent.
 Prime mercantile paper. 3K@4 per cent
 Sterling exchange easy. with actual business in bankers bBls at $4S5%@ $4S6 for demand, and at $483@$4 S3A for sixty days.
 Posted rates, $4.S4@$4.S7
 Commercial bills, s21k@s4S2Ac.
 Silver certificates 5S1a@60c.
 Bar silver 571kc.
 Mexican dollars, 49Ac.
 Government bonds firm.
 State bonds dun.
 Railroad bonds firm.