The age-herald., 1897-11-23
In w all Street.

New York, Nov 22.-There was not much change in the character of the gen. eral dealings on the stock market today but some special stocks showed marked strength and others ma rked weakness. Trading was for the most part dull and marrow and resulted In small net losses generally in the railway dist The North ern Pacific stocks were nosable excep tions in this portion of the list and de- veloped quite aggressive strength as the day progressed. The preferred stock, with net gain of 1Ss and the common stock with net gain of IS. The motive of the buying was the statement that the gross earnings fop the second week in November, which showed an increase over the corresponding period of last year of $181 ,137 or over 45 per cent. Fol lowing as strong statement for the first week the effect was quite strong demand for the stock by local operators which carried tine price upward in price of some selling local account The fea- lures of the days trading was the con- spicuous strength shown by stocks of local corporations. The motive assigned for the buying is the expectation that these corporations were about to secure renewed privileges. The Metropolitan Street railway was in this class, and one time it was 5% above Saturdays close. It closed point lower. Consolidated Gas rose 3%. Manhattan and Brooklyn Transit, which were at one time Il above Saturdays close, were other examples. All of these reacted to a greater or lesser extent notably Consolidated Gas, which closed a small fraction under Saturday. On the other hand, the coalers were nota- bly weak, New Jersey Central showing an extreme decline of 2A and Delaware and Hudson 1%, the latter rallying over a point. Outside of these, the market was dull and without general interest.
 One of the features of the day was the first payment to the government of the Union Pacific reorganization commit tes, on account of foreclosure sale. The amount of the payments was $13,145,l50. The transaction was effected by the transfer of certificates from the commit tee on account of cash deposited In ons of the city banks to the government, which leaves the money on deposit in the same bank, the bank having placed government bonds in the treasury at Washington as security. The tr7ansac- tfon was completed without creating @ ripple bn the money market. Tha re- mainder of the purchase price is to be paid in four equal ials ailments, the first of which win be paid on Dec. and the remaining thrae at intervals of ten days. Each instalment is about $S.500,000, and no apprehension is felt that they will create any disturbance i'm the money market.
 The bond market was quiet and strong, and showed considerable activity High grade bonds were in special demand and were stif1ly held the offerings being light. The foreign holders continued to sal this class of securities invited by the high prices prevailing.
 Total sales, $1,550,000.
 United States As coupons of 1907 rose + bid and sold at what is equal to the price of the 5's. The new As were 1s higher bid.
 Total sales of stocks today were 1S1,- 700 shares, including c. B. & e., 17,170; AIanha ttan, 9S56; Metropolitan Street Railway, 9;725; New Jersey Central, 9,755; Northern Pacific 5,720; do preferred 2S,- 5S0; Rock Island, 60O0; St. Paul. 12,443; Bay State Gas, 4.040; Consolidated Gas, 6,S46; Sugar, 1S,917.
 Money on call nominal at 1h@2 per cent; last loan at 1h per cent; closed at 2 per cent.
 Prime mercantile paper, 31s@4 pr cent
 Sterling exchange steady with actual business in bankers bills at S4 851s0 4.Sbss for demand and al $4.S2sl @4S2B for sixty days.
 Posted rates. $4S3A@4ss1k.
 Commercial bills. $4.S2A.
 Silver certificates, 5S@59c
 Bar silver, 5S3sc.
 Mexican dollars, 455sc.
 Government bonds strong
 State bonds dull
 Railroad bonds strong.