The age-herald., 1897-11-10
Tn w all Street.

New York, Nov. 9.-The tone of the market for stocks during the latter part of the days trading was genuinely strbng. There was steady buying of a good character all day, which seemed to be for long account, and in the final transa ctions the shorts were driven to cover quite urgently, carrying the level of the prices strongly above last night k.lose so tha,c the net gains in nearly all aIctive stocks are over point and m many cases, notably the grangers ana some of the southern stocks, are near 2 n0i,lts The professional bear element was prepared for & continuance of their successful campaign of yesterday and they set about selling the market very soon after the opening, which sh@Wed Fractional Improvements in sympa thy with London. Sugar was the vulnerable point of attack and was driven down per cent on ill-defined rumors of charges Mo be formulated of illegal enfrdes or imported sugar, The beaGs also succeed ed in depressing New Jersey Central, Manhattan and one or two other reeently susceptible stocks. But the sympathetic decline brought about in the rest of the list was narrow and gave sufficient warning to the bears that they were not ito have their own way unresiSted as yesterday. The coalers showed a marked tendency to recover from their recent de- pression, and reports of am agreement badween the competing interests in the trede. The southern railroads enjoyed the benefit of the very large cotton movement, which has resulted from the Hitting of yellow fever quarantine, which has sent the price of co.ttfn to near the lowest price on record. The whole rail- way list was also streug then@d by con- sideraton of yesterdays supreme court decision denying the right of the inter- state commerce commission to enforce the shor: and long haul clause of the in- teTs ca te commerce law. There was a large subsistence of apprehension regard- ing relations with Spain on account of Cuba. and anformat tion came that the cabinet mad gone into session at Wash if@ton and tha, announcement would be niipde thare tomorrow of an expressed willingness on the part of Spain to ac- cept the good offices of the United States in aid of a settlement of the Cuban ques- ltion. One of the strongest factors in the improved tone was the large and con- fident buying for London account
 Money in London shows an easier ten dercy and invites to increased specu a. tion. Part of the buying also was incl deM to the settlement in progress on tll- London exchange. Reports of railroad earnings were many of them encourag- ing. There were periods of dullness and hesitancy during the day and the total ealss of all stocks were less than 4000 900 shares, of which Sugar. Burlington and St. Paul made up nearly a haif. The bond market was rather quiet, but prices held firm. Total sales. $1,35c,000 United States 5's declined 1s bid and the 2's reg fstered F.
 The total safes of stocks today were s70,600 shares, including Atchison pre- ferred. 5,66S; Chicago. Burlington and Quincy. 40,025; Louisville and Nashville, 14,410 Missouri Pacific. 9,540; M.. K & T.. preferred 5,375; New Jersey Central 1.0l5: Ncrthern Pacific preferred, 10,7 ,76s Chicago Northwestern, 10,500: Rock Isl and 15000; St. Paul. 41412; Union Pa clfic. S465; Bay State Gas. 27,270; Chi cage Gas, 2O,145; Sugar. 72S99
 Money on call easy at 115@2 per cent: last loan, per cent; closed 1K02 per cent
 Prime mercantile paper. 3A@4h per cent
 Sterling exchange easy. with actual business i n bankers bills at s4.S5N@ S4S53s for demand and S4S1s@$4S25s for sixty days.
 Posted rates, $4.S31a@$4 S61s.
 Commercial bills. s4.S11a.
 Silver certificates, 57H@59c. Bar silver 575sc.
 Mexican dollars, 44%c. Government bGds steady.
 State bonds dull.
 Railroad bonds firm.