The age-herald., 1897-12-02
In Wall Street.
RlORDAlN & co.

New York. Dec. With only dnsfg- rTficant Interruptions prices tended steadily upwards all day on the stock exchange closing alt about the highest with 0 very buoyant tone. Net gaIns exceed a point in nearly all stocks. The advances at the opening were trivial, and trading was net very active, but as the day advanced the scope of the spec ulaition broadened and assumed more aggressive and confident tone. The strength of the market developed first in Sugar and spread gradually through the market separate stocks being ad- vaneed sharply enc after the other be- fore the whole market took up the movement Missouri Pacific, American Tobacco, Michigan Central, Illinois Gen. tral and Cotton Oil preferred were among the earliest affected in the order named Latter the coalers developed strength, and it was not until the clos ing hour the grangers and the market generally responded in any marked de gree Some of the stocks which devel- oped most activity and strength yes- terday we're somewhat neglected today, while the rest of the market rose to proportlonate level The bear clement did not yEeld without a struggle and was not driven to cover until latte in the day, when the scramble of the shorts materially aided the rise. There was no news of importance during the day, the bulNlsh sentiment on the exchange being rather a cryStalli2ing of several days impression. The successful conclu- sion of the Rock Island refun9ng scheme continued to be much talked of as did the favorable railway statements for October Burlington especially was interpreted more favorably than yes- terday. the earnings reported being ex- ceeded only by these of September of last year. The small excess shown over the earnings of October last year Is due to the fact that last years earnings for that month were exceptionally large. Ilhe almost total subsldence of appre- hension over the Cuban question also had its effect.
 There was some awakening of outside interest manifested in the buy ng through commission houses. Sales were not on a'arge scale, however, and tine days rise was for the most part due to the operations of a powerful combna- ton. The stock of southern roads showed a notable tendency to lag. The report of the Louisville and Nashville probably had its effect on this group. showing as it did a heavy decrease ;n gross earnings combined with an in- crease in operating expenses which brought the net decrease up to $127 S13 It Is significant sign of the business which has prevailed In Wall street for some time past, that stock exchange seat which was offered for sale today showed no bidders and was boucht in for $17,o0O by the estate which offered it. It is stated in this connection that the ownership of a seat does not carry with it membership in the exchange without election and the customary. methods of selling seats Is through the officials of the exchange itself No in1- precision was made on the money market today by the periodical interest dividend disbursements.
 The bond market is strong and very active, the speculative issues showing notable advances. Total sales. s360O 0o0
 United States new fours advanced Ac bid.
 Money on call easy at 11a@2 per cent; last loan, 1k@1% per cent; closed of- fered ait 1A per cent.
 Prime me rcantile paper, 3@3h per cent.
 Sterling exchange easy, wiih actual business in bankers bills ait $4S5a4 @4.S6 for demand and at $4.SSQ4S3A for sixty days
 Posted rates, $4.S4G4S7.
 Commercial bills, $4S21s.
 Silver certificates, 591a@60c.
 Bar silver 59%c.
 Mexican dollars, 49i8c.
 Government bonds firm.
 State bonds dull.
 Railway bonds strong.
 Total sales of stocks today were 33a,- 400 shares, including Atchison preferred, 5,729; Chicago. Burlington and Quincy, 27,63S: Louisville and Nashville, 1O,650 Manhattan, 10.S2O; Missouri Pacific, IT,