The age-herald., 1897-09-16
R1oRDAN & co.
In Wall Street.

New 4ork, Sept. 15.-Today's market was extremely irregular, but .the average level of prices was lifted as resug. of the days operations. The strength shown was very aggressive in spots, but many of the shares recently active in the mar ket showed scarcely any movement The Vanderbilts were again center of strength on the reports of large increases in earnings and most of them advanced point or more in the days trading. New York Central was heavily dealt in and advanced 1% on the estimated in crease in the surplus for the current quarter of $672,957 and in the reported increase in the gross earnings for the first week in September of over $780, 000 Northwestern and Omaha also con tlnued their concurrent advance on the benefits to accrue from the prospective increase in Cmaha's dividend, the ex- trepae rise in it exceeding per cent. during the day with a reaction on proft,taking. Lake Shore also was taken in hand by the bull element dur ing the final hour of trading and rushed up 21s per cent, apparently for effect in sustaining the balance of tsae market The same element was instrumental hoisting the price of Pennsylvania, which has only been listed for a short time on the New York exchange, Sas per cent, the subsequent reaction being aboul E. A jump of 20 points in Con- soAdated Gas, even though it was on a limited volume of transactions, was also a sensational feature in the market. The recent speculation which has centered in Union Pacific continued the advance in that stock and benefited the price to the extent of over a point. Reports circualted of large increases in earnings turned attention to General Electric and and that stock at one time rose nearly 2 points. These clements of strength could not but serve to sustain the mar 41et, and the advance of St. Paul and Burlington 10 new high record prices for the year were additional factors. But nevertheless there were conspicuous ex- captions to the strength of the market, such stocks as Missouri Pacific, Atchison preferred, Northern Pacific preferred; Louisville Southern preferred; c. C. c. & St. L. and 0. & O. la ggtng quite heav- lily in the advance and in some eases closing below yesterday. A number of the industrials were conspicuously weak, including Sugar preferred, Leather pre- ferred, Gllinois Steel Tennesse Coal, and Bay State Gas. Sugar cornmon, which sold ex dividend today lost all of its early gain before the close. The coalers were somewhat heavy during the day, but improved slightly before the close, apparently in sympathy with the lively advance in O. & w. and s. & W. pre- ferred. The latter jumped 5k points and re-acked. Chicago Gas and La Clede Gas were quite strong, the former ad- vancing nearly points and the latter { points, but both showing subsequent re- action.
 Less was heard today of the prospects of mediate imports of gold, the ex- change market showing a steady tone, though very dull and no further harden ing of the rate for money In the local market being perceptGble. Exchange is still fully a cent above the gold import point, butt it still seems apparent that any material raise in money rates here would be met by gold imports, and con- Eequently by a check to the advance. One of the features of the day in Wall street was ales of Standard Oil liquidat- ing certificates on the basi of 311N, which is 9A points advance over the highest previous price.
 The total sales of stocks today were 6213S4 shares, including Atchison pre- f+lTed $500; Canada Southern 12500; C.. B. and Q. 1S,700; c. c. c. and St. L., g. 120; Louisville and Nashville S,36O; Man. haitian Elevated S,690; Missouri Pacific preferred 10,S00; M. K. and T., 10000; N. Y. s. and w., S,20O; N. Y. S. and w. preferred 6,400; N. Y. Central 12,090; 1 Northern Pacific S,99O; N. Y. Central preferred $500; Northwestern 1,5O0 On tario and Western 2,100; Reading 7,16O; Rock Island 14,130; St. Paul 37,200; St. St. Paul and Omaha 16,00O; Southern Railway 11,60o; Union Pacific 55,950 U P. D. and G. 6,200; Chicago Gas 46,3oO; Consolidated Gas TOTO; General Electric 33,195; Laclede Gas S,490; Sugar 1S,200.
 There was considerable decreas., in the volume of bond dealings, but prices gen. orally advanced Total sales $2,523, 500. United States old As were 1s lower bid
 Money on call firmer at 11aD2 per cent last loan 2 Der cent; closed 2 per cent.
 Prime mercantile paper 4@41s per cent.
 Sterling exchange steady iwth actual business in bankers bills at $4.S5@$4.S5h for demand and at $4.S2% for sixty days
 Posted rates $4S31s@$4.S41a and $4S6 Gs4S61a.
 Commercial bills $4.81k@$4S2
 Silver certificates 561ac.
 Bar silver 55%c.
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