The age-herald., 1898-08-06
In Wall Street.

New York. Aug. 5.-The stream of specu- lativc and investment money coEthlnea to pour into stocks ard bonds today without interruption. Prices throughout Ire "s' were lifted sharply. The proht-tahlhs movement which has been drag on 'he leading i11fiustrials for se"e-al days past was apparently ended today, and the bears who sold these stocks early on the as3unn- t;or that realizing was still in progress, were forced to buy later. The result WAS to bring the industrials into the general current of the market which moved "p' ward with tidal sweep. The raifoaas themselves were somewhat unsettled at the opening, and most of the leading sloch' decline. 1kc to 1sc before the upward movement of prices set il. The opel i"H weakness was in sympathy with lonoeh' and the ouickness with which it WIS 6"tI- come WAS d striking evidence If :he li"e- rendence of the local stock eNchanee' There was quite a serious depression posh in London and Paris on the re?1"tta lic ton between Russia and Great Britain arc there was quite urgent selling here -t T London account, but the supply ~. A19ea- can securities abroad ha s4~ rtf- reduced in the past year that the disposition tt foreign holders to buy or sell mas very much less influence thaa enrmerly. 1he aseressive buying which has been noticed in Wall street for several iay| qiucKy turned prices upwards, and gained in vol ume or the advance. Bur. 3a continued to be the leader and sco ed an extreme advance of 2Ac The other stahS1s came next in point of impo. lnce ani the Ia cifc roads and their conacc ions followed with quite list of lesser stocks trGiting onto the movement. A mar <ad feature CT the trading was of the larger individual blocks of stocks which were taken at iOD figures Quite a number of speculative leaders showed single tralcactIDnS nf 1.0O9 shares or upwards at the high prices ef the day
 There was some disposition to realiz" in the last hour but a decline of a fraction quickly reduced the market to dullness Possibly the final spuct n rrlngton was used to cover some rath.r extensive realiz . ing at ether points. T.,cre was talk in Wall street of an az 'sei 1rnt. to .ndsareei prices which included numoer of inter. ests controlling vast weatth That tfa buying came from a com 3;ttioa of very powerful interests quite evident, but that it was based on the assumption of a future rise in values and a demand from the general public for stocks is equally certain. There was some increase of out side interests shown by buying through the commission houses today. The market was remarkably broad and brought into activity many long dormant stocks. Dealings in bonds were not l1n as large a scale as yesterday, but the demand continued active and well distributed aid carried prices vigorously upwards all through the list. Total sales &4.o3oooo United States old As, registered advanced Ac and the 3s when issued declined 1kc in the bid price.
 Money on call steady, 1A@1ik per cent; last loan, 11a per cent. Prime mercantile paper, 31e64 per cent. Sterling exchange firm with actual business in bankers bills at $4.S51AG4.S5% for demand. and at &. &.8sS40 O 44 for sixty days; posted rates $4 Siak9 4S5 and $4.S6@f4. .S61a; commercial bills. siS2ia M4.S3. Silver certificates. 5S1a959Hc; bar silver, 5S&c; Mexican dollars, 45Rc.
 Government bonds firm.
 State bonds dull.
 Railroad bonds strong.
 Total sales stocks today 3S2, 100 shares including S036 Atchison preferred; 33,7SS Burlington and Quincy; 6.224 Louisville and Nashville; 31, ,03O St. Paul; 6,2S4 South ern preferred; 24,12S Union Pacific. pre- ferred; 5.4OO Spirits; 5s2O Tobacco; q 7Os Sugar; 9,575 Tennessee Coal and Iron; ,7d5 Rubber;s 5006 Rubber preferred.