The age-herald., 1897-10-27

The south was the chidf seller. Jam uary opensd at 5.92, advs-eed to 597, dl- clined to 5.94 and closed at that figure, with the tone easy. The general s5n.i- ment eff traders here eontinues bearish, burt We cannoi. advise short sales.
 RIORDAN & co.
 Tn Wall S.-ae-
 New York, Oct 26.-T1ading in stocks during the early part cf the day was restricted to realization and the arctua- tions in prices were narrow and frregu- lar. The latter pare Of the day saw quite an increase in activity and rise of prices to the highest of the day, the declines before the close being srna II. Union Pacific continued to te the eanter of interest in the market and ruled above yesterdays close all day and closed ttis afternoon at nsar the best and 2@2H above last nights close. The opening gain was due largely to sympathy with London, which sent a higher quotation for the sock The belief gained ground as the day advanced that the government and the reorganiza ton committee would come to an agreement on the ba sis of the comnJittees expressed irtention to bid the full amount Of the government claim on the main line. The fact that this leaves the governments 'bid of over 00000 on the KarSas Pacific unpro- vided for ard the rumors shat increased bids might be made by ether interests which would provide for this indebted ness caused some feverishnecs in the speculatbo at times, as the acceptance of such a bid by the government would endanger the whole plan of reo.ganiZa- tion in spite of th- assertion of tha eonl- mittee that they were prepared to carry dt out, even if the government should bid in the Pacific. But late in the day reports from Washingto assumed quite definite form that the cabinet had re- solved to accept the committees intendt d bid as a minimum guarantee and with draw their request for a pos;ponsment of foreclosure sale on the main line. A fall of S1s points on the price of the Kansas Pacific consol sixes trust receipts was the Forecast of the news received later from Washington that the committees agreement with the government included an assent to a postponement of the Kem- sas Pacific sale, presumably with view to giving the government an oppor5u- nity to secure a bid on this property that would provide for "a part or the whole Of its claims As the chances of a separate bid on the Kansas Pacific are considered remote, the price of the con- sol sixes rallied 4 per cent. to 93 and closad at 92.
 Trade in Union Pacific absorb d quarter of the sales of all the stocks. Outside of the grangers, Sugar, Chicago Gas, and Bay State Gas, business was of small proportions Business was steady however, and average gains from yester- lo, point in the GraDgers and other leading stocks A decline in the rates fer call money and some very favorable state ments of railway earnings for the third week in October assisted in the recovery. There were purchases for London &C., count of some favorite stocks. This served to keep up the prices. Louisville decreased in it's earnings on account of yellow fever quarantine. P. c. C. & St. L. was strong and rose at one time 2 per cent, but reacted slightly Michi- gan Central was conspicuous for am ad- vance of 2%. The better tone for Ameri- cans in London was taken as reflecting a decline of apprehension over the Spanish relations with the United States.
 Dealings in railway bonds were not large but the tone was firm, win the exception of the Kansas Pacific bonds above noted. Total sales, $1150,000.
 United States new 4s were advanced Mc bid
 Total sales of stocks today were 246,700 shares, including: Chicago, Burlington and Quincy, 2229S; New York Central 14156 Northern Pacific, preferred. 9.294; Rock Island. 1895; St. Paul, 18,499; Union Pacific, 60 910; Bay State Gas, 14,160; Chi cago Gas, 16.015; Sugar, 15701.
 Money on call easier at 1A@2 per cent; last loan, Pc; closed, 11a@2 per cent.
 Prime mercantile paper, 4@41s per cent
 Sterling exchange steady with actual business in bankers bills at s4.85% @4.S6 for demand, and at $4.S2s4 @4.S3 for sixty days.
 Posted rates s4.S3h94S6k.
 Commercial bills $4.82.
 Silver certificates 57@5Sc.
 Bar silver 5Sc
 Mexican dollars, 44%c.
 Government bonds firmer.A
 State bonds dull.
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