The age-herald., 1897-12-14
In Wall Street.

New York Dec. 13.-Today's markets for securities offered every appearance ot breadth and strength, the buying being vigorous and aggressive and well distribu- ted. The fact was not to be ignored, how ever, that the stocks of southern and south western roads which were favorites with the bulls last week. did not share in the advance approximately, the price being kept down by liberal offerings. Decrease in earnings for the first week in December for Louisville. and slight increase for the same period may have accounted for thls, but there was suggestion of proit-tak1ng in the movement of these stocks in the face of the general strength manifested else where in the market. The jump in sugar to 145N in the course of the first hour stimulated the whole market. The disseml- nation of rumors that extra dividend was again under consideration was the ln- strument employed to effect this rise and the motive of it appeared in the heavy of ferings at the higher level. The stock was supported, however, at a certain stage of any decline all day and closed at a. net advance of over point The government crop report, with it's revised estimate of wheat crop of 5SO,O0O0O0 bushels, caused lively outbreak of specu.ation in the gran gers the high ruling price for wheat with the heavy yield to draw upon being re- garded as insuring prosperity to the wheat carrying railroads. Still another element : of strength in the days market was the jump in prices of Metropolitan Street rail- way. This stock rose nearly points to l25, in strong contrast to the persistent heavi- ness in Manhattan, which dropped at one time nearly two points on account of the published reports that syndicates had al- ready been formed to finance the proposed underground rapid transit plan. Manhat- tan fully recovered before the close and shows a small fractional net gain Union Pacific showed sharp recovery from it's recent depression on the sertngth of in spired reports that the reorganization could be carried through with a moderate in crease of the bonded Indebtedness and pre- ferred stock and that the subsidized portion of the Kansas Pacific was not deemed es- sential to the success of the plan.
 There was some heaviness in local gas securities owing to current rumors of diff faculties in the way of the proposed amal- gamation of local companies. The days business was in large part of professional feeling London, however, thought better of stocks in this market. On the general market the feature of the day was the large number of small lots of dividenh-pay- ing stocks which were bought. This class of buying appeared in the gilt-edged invest ment stocks, which rarely move, but was also manifest all through the list of divi- dend stocks. A feature of the day was the, stiffening of call loan rates to 3 per cent though the rate eased off again before the close The rise in the rate was attributed to a sudden and rather urgent demand while offerings were rather light for the time being. Other departments of the money market were unaffected. Net re- ssa It's of the days trading uneventful, met gains exceeding a point in the grangers and Baltimore and Ohio but showing small fractions for the most part in the gen. erals list.
 The bond market was quiet, the Atchison and Northern Pacific issues being promi- nent. Losses of 1 to points were shown in a number of bonds. Total sales s3,000,000
 U. S. old As were raised A bid; coupons 1s bid, while the new As declined 1s bid.
 Total sales of stocks today $40, 300 shares; Atchison, preferred 4,SS3; Chicago, Burling- ton and Quincy, 30,597; Manhattan, 1S,390 Missouri Pacific, S,515 New Jersey Central, S0s5; New York Central, 3,266; Northern Pacific S,915; Northern Pacific, preferred, 21,259; Rock Island 16,6s0; St. Louis and San Francisco, preferred, 9,730; do second preferred, 6,391; St. Paul, 34,620; Southern Railway preferred, 6,743; Union Pacific, B, BIO: American Tobacco, 5,31S; Chicago Great Western, 10SS0; Peoples Gas, 1,705; Consolidated Cas- 3,S30; Sugar. 40,6S0; United States Rubber, S,955.
 Money call firm at 11kd1%; last loan, 1A; closed at 11s per cent.
 Prime mercantile paper, 31ad4 per cent.
 Sterling exchange easy, with actual busi- ness in bankers bills at $i.S51aQ4.S5&4, and at $4S2lad4.S27i for sixty days.
 Posted rates, $4SSlsq4.Si, and $4.S61aQ 48s.
 Commercial bills S4S115d493
 Silver certificates, 5S4@59A.
 Bar silver, 59A
 Mexican dollars. 47A
 Government bonds dull.
 Railroad bonds dull.
 State bonds dull.