The age-herald., 1897-10-28
Markets by. Telegraph.
Cation Letter.

vance sellers wen. plg.atiful. When the official weather map, which showed no frost anywhere in the soush, was posted, prices both here ard in Liverpool gave walS New OrleelIs, howeYe., Ought haavfly and these orders, together with the covering of shorts caussd recovery to about the opening price. January ipened at 6.01 and declined with the tcne of the market steady. Receipts todsy were lrsavy, but the ssvth was not ef- fering freely. The weather bureau pre- diets frost in northern Texas torasht and this helped to strengethen ths mar ket in the afternoon.
 RToRDAN & co.
 
 n. uT ll s7+ ass
 New York Oct. 27.-The stock market looked strong for time today and the level of prices soon afternoon rose a poi t or over above last rights close in n1slay stocks. But renewal of reports that the Spanish reply to the representations of this government wefe of a tenor that threatened trouble caused the marked to sell off point es much below last n ght's lsvel as it had been this morning. Trad ing showed a marked range in weakness, extending to a podnt in Consolidated Gas and about points CT over fn Union Pa cffic. Sugar Pacific Mail and several other stocks and rearly a poirt for near ly all other stocks. Union Pacific con- tinued to hold a large share of the spec ula;dye interest, and fell during the day to A of the lowest point on Monday when the government announced the intention to postpone the foreclosure sale, which was regarded as threatensEg a collapse of the who5- plan. The wsak- ness Of the stock was due 10 a repo.t from sources not in the reorganization interest that the increased bid for the property would involve their taking up a corresponding part of the new. curf- ties which would have otherwise accrued into the treasury of the reorganization company This would, of course, place corresponding proportion of fixed cha ges ahead of the stock of the reorganization company Ths- suggestion also round currency that the committee might de- eide to increase the issue of first mort- gage bonds above the $75,000,000 pro- posed, notwithstanding the assertion of the reorga nizaItion comm ttee announce 9nsnt of Monday that mo change in the plan of reorganization is involved by their determination to bid in the Union Pacific main line for the full amount of the governments claim.
 Whatever he foundation for the runloa, it helped to depress the price of the saock to about what it was before the second S5 assessment was recently paid. London was also a seller of the stock today in this market in contrast to it's attitude of yesterday Arbitrage brok- CTS in fact sold most of the international stocks, while prices remained above the London parity. Sterling exchange yield ed 5s in the actual rate for demand bills and half in posted rates. Increased amounts which will have to be foreign interests on account of the larger bid for the Union Pacific was the cause for the weakened tone There was also said to be some weakening of exchange which has been recently purchased for use as collateral with view to leaving funds in Europe on account of the higher rates of interest prevailing there The statement of St. Paul net earnings for September showing a net increase of over $141, ,000 and rumors of the heavy in- crease to be shown by the forthcoming Burlington statement were factors in stiffening the market about noon. The speculation in Burlington was the more dCLlNc, OSlllS licc tO CAGiiid tiC earnings in the absence of accurate in-- formation. The stock rose at one time 11h and there were over 10000 shares traded in as against 43,000 in Union Pa cific. These two stocks absorbed one- u I'd of the total dealings.
 Prices in bonds were firm early, but eased ol in sympathy with stocks at the close. Total sales $1, 100000.
 riat md unchanged.
 The total sales of stocks today were 268,90o shares, including the following: Chicago Burlington and Quincy, 40,760: Louisville and Nashville, 6,465; Missouri Pacific, 8,O75; Rock Island, 1920; St. Paul, 22,190; Union Pacific, second as- sessment paid,. 43000; Bay State Gas. 14,eO5; Chicago Gas 22,6s6; Sugar, 19,- APO; Chicago Great Western. $500.
 Money on call easy at 1 and ? per cent last loan per cent; closed 11a@2 per cent. Prime mercantile paper 4@4A per cent. Sterling exchange heavy, with actual business in bankers bills at $4S5A@ $4S5A for demand and at $4.82A A@$4.S23s for sixty days.
 Posted rates s4.SS@s4.S3ts and $fS6@ $4S6k
 Commercial bills s4s1%.
 Silver certificates 57@59c.
 Bar silver 5S1sc.
 Mexican dollars 45c.
 Government bonds firm.
 State bonds dull.
 Railroad boEds firm.
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