The age-herald., 1897-12-24
RIORDAN 6 co
h Wall Straet.

New York Dec 23.-Several factors com bined in the last hour of trading on the stock market today to lift 1t out of the dullness and depression which had been its character all day. and to raise prices quite sharply above last nights closing level One of these factors was the sub sidence of apprehension earlier in the day. caused by the closing of the Chestnut street bank in Philadelphia. Another was the Joint Traffic association had succeeded in securing measures going to assure the restoration and maintenance of established tariffs on live stock, provisions and grain from western to eastern points. Another was the announcement from the treasury department at Washington that sufficient amount of the current 6's were being offer ed for redemption on Jan 1 in accordance with the governments proffer to secure relief to the money market from the scarci- ty threatened with the withdrawals of the Union Pacific payment to the government. Still another factor was the news from Albany that the railroad commission had extended by two years the period Tor equipping freight cars with automatic cou- plings in New York state. A number of the specialties which had showed marked strength all day took on renewed buoyancy at the close The movement in the general list was not important, the trading being in small volume and representing little more than the covering of traders short contracts. The Vanderbilt roads failed to make any substantial recoVeres from yes terday's depression on account of the un- favorable quarterly statements. Canada Southern is 11s lower and Michigan Cen tral 1% lower on the day. Lake Shore was bid down points, but without any trans actions. The days business, however, was largely absorbed by the specialties in the influence of special causes Third Avenue gained points on top of yesterdays rise of points. Metropolitan rose an addition al 9 points and Manhattan as much. Brooklyn Transit, Sugar, Peoples Gas and Jersey Central are over a point higher. These securities not only show the largest gains, but absorbed the greater part of the days business Call money loaned as high per cent. again, and did not yield below per cent. There was further fall of H in the actual rate for demand sterling and of h for cables and long sterling. Demand sterling is now at the lowest point touched since the gold import movement in Septem- ber The rates for money in London and Berlin arc stifly held and some apprehen- SlOn or a squeeze DtlOTe Jun. l IS IePOileN from London. This serves to offset the existing rate.
 The bond market was dull and rather heavy; total sales, s1 ,SiO 900. United States new As and old As registered are 4 lower, and the 5s coupon 1s lower bid.
 Money on call, firm at 9d4 per cent; last loan per cent; closed 3lA64 per cent
 Prime mercantile paper 3ia@6 per cent.
 Sterling exchange, weak, with actual business in bankers bills at $iS4S for de- mand and at $iS1AdS4. S1ss for sixty days.
 Posted rates $4.S21sQsi.Ss and siS5lz@&.SG
 Commercial bills. $4S0,a$4S1.
 Silver certificates, 573sGp5SM.
 Bar silver, 573s.
 Mexican dollars. 455s.
 Government bonds weak.
 State bonds dull.
 Railroad bonds heavy.
 New York, Dec. 23.-Total sales of stocks today, 212 300 shares, including 122S9 Bur- linpton: 4,545 Manhattan; $500 Metropolitan; CHA Jersey Central; 5,52S Northern Pacific preferred; 4SS0 Reading; 3,27O Rock Island; 9190 St. Paul; 5,405 Union Pacific; 7,610 Chi cago Great Western; 300 Peoples Gas; 20.-