The age-herald., 1898-10-28
Tn Wall Sure et.

New York, October 27.-The stock mar .ket showed continuation of yesterdays strength to-day. and the speculative ac- tivity broadened out considerably in ad- dition. There was not quite such a con- gestion of trading in Tobacco and Sugar, although those stocks continued to be the leaders in point of activity. They were traded in nearly all day at level below yesterdays close though each stock ad- vanced slightly above yesterdays price for brief interval The covering of shorts caused yesterdays rise in Sugar left that stock weak again. and the ex treme decline from the high point was 3A. A rally at the close leaves the net loss 1A. Tobacco was under pres sure on the supposition that the re- gently Incorporated company is destined to be a powerful competitor and an de- nials of aecessions to the American com pany of outside plug tobacco companies. The stock was at one time off 2%, but closed with a small net gain In rail- road securities the continued dullness and hesitation on foreign exchanges was with out effect There was a large demand for quite an extensive list of railroad stocks, the grangers leading with pretty much all the western and southwestern roads show ing a good ttone. The eastern trunk lines continued to lag on account of the admit tedly bad rate situation in that territory, which nullifies the benefit of the exception ally large tonnage which is being moved. St. Paul vas the leader in the railroad list and the movement of the stock supposed to foreshadow a good September statement due tomorrow. The gross in- crease of that period in earnings is taken ha oil ,.11 surmised that the statement will show a reduction in the recent heavy rates of eX- penditures for Improvements charged to operating expenses. The September state ment of Union Pacific, while showing a decrease of over S4400O in gross. earnings, showed operating expenses so largely duced as to leave an increase in surplus ment>of cotton now coming forward and the decrease, of yellow fever foreshadows- good earnings for southern and southwest. ern roads. The easier tone today of ster- ling exchange was the direct result of the calmer feeling in Paris. There was a heavy demand for sterling exchange here yesterday for Paris account which sprang from the same case as that which lifted exchange on London in Paris above the gold export point, namely the pressure to transfer funds from Paaris to London. It is now known also that the violent recov-
 
 buying for account of timd Paris capital because of domestic disquiet and not alto gether to the relief of the Anglo-Saxon tension, over Fashoda. There was a good absorption of railroad bonds today and prices are generally higher. Total sales $3,4S0.o00 United States new As coupons, declined A; do. registered, E. while the ,3s registered advanced 1s in the bid price.
 Total sales of stocks today. 357s20O shares, including Atchison preferred, 9.9OS Bur lington, ,25795 Louisville and Nashville, g. 357 Northern Pacific, 1013S; Rock Island. A,750; St. Paul. 49,375; Southern preferred ALTO; Union Pacific, common, 16,170; do. preferred, 16,000; American Tobacco, 29,- 020 Sugar. S9 200; United States Rubber 2,0S0.
 Money Ion call. steady, 1%@2 per cent; last loan at 1% per cent.
 Prime 2 mercantile paper, 3A@4A per cent.
 Sterling exchange, heavy, with actual business in bankers bills at S4.S5A S51a for demand, and $4.s2A@4S2h for sixty days
 Posted rates, aSs@4.Ss1A and si.s61a@ &S7.
 Commercial bills, s4.S1@4S1A.
 Silver certificates 60RQ61bc.
 Bar silver, 60%c
 Mexican dollars. 47Kc.
 Government bonds weak.
 State bonds inactive.
 Railroad bonds strong.