The age-herald., 1898-06-11
In Wa Street.

New York, June 1O.-There was a brief struggle in the first hour of today's stock market to extend the reaction which has been in progress during the week when the prices suddenly and vigorously took an upward turn, and it was @ runaway bull campaign for the rest of the day. There was an enormous absorption of stocks on the ascending scale of prices, especially in sugar, Brooklyn Rapid Transit. the Grang- CTS and few of the leading specialties. The picking up of inactive and dormant stocks however, distinguished the trading quite as much as the aggressive strength in the great speculative leaders. The ad- vance was made in the face of several inci- dents, any one of which would have been seized upon to raid down the whole list in the reactionary spirit of the earlier part of the week, but they were without the slight est influence in restraining the heavy buy ing of stocks. One of these incidents was the marking down of prices for Americans in London on the score of the chronic Brit ish apprehension that the currency and finances of the United States were being unsettled and ruined by the nations su- preme legisla tive body. London sold stocks early on this ground, but at the extreme decline bought little bit of Louisville and Southern railway preferred. These stocks
 
 the establishment of quarantine against yellow fever in the south would interrupt traffic and cut down their earnings. There was a disposition at the opening als6 to continue the bear campaign against sugar and the prices was driven down over point in the first hour, but advanced dur- ing the rest of the day, extreme rise be- ing 5% per cent. Reports from the grow ing crops awakened an urgency for the grangers The stocks of the whole group were eagerly bought, but Burlington led with net gain of 2ssc; St. Pan1 was held back while by London selling, but finally joined in the advance.
 The southwest granger roads also had the benefit of the crop prospect, especially Atchison preferred, which is up 1ss on the day It was noticeable that the specalties which have been strong during the late weakness of the market fell into the back ground except Brooklyn Transit, which continued it's conspicuous advance with an addition of 4 points to the price. The market closed very active and strong near the top.
 Bonds merely held their own in the early dealings, but prices rose and the volume of business increased later in the day. Total sales, 3,25O,OOO. United States old As registered on call declined A in the bid price. but later bid up 1s per cent
 Total sales stocks today were 621 300 shares including Atchison preferred 3O,- 299; Burlington, 57,5n; Louisville and Nash ville, 25 110; St. Paul, 92.95O; Southern pre- ferred, $500; Union Pacific preferred, 23,- S92; American Spirits, S,212; Tobacco, S,1o5; Peoples Gas, 34,l31; Sugar, 10O925; Tennes- seetCoal and Iron, 4,SO0; Leather preferred, 4,412.
 Money on call steady, 1Q1h per cent; last loan IA per cent.
 Prime mercantile paper, 3Q4 per cent.
 Sterling exchange, easier, with actual business in bankers bills at $4S5A@4.S6 for demand and at $4.S41a@l4.S4% for sixty days.
 Posted rates, $4.S5h and s4.S7.
 Commercial bills, $4SS%.
 Silver certificates, 571aQ5S1sc.
 Bar silver, 57Bc.
 Mexican dollars, 45hc.
 Government bonds firm.
 State bonds dull
 Railroad bonds firm.