The age-herald., 1898-12-14
!, WrlI Srre et

New fOrk, December 13.-The stock mar ket was irregular today during the current movement, the prominent railways closing about the lowest. The market encountered efforts on the part of sold-out bulls to de- press values and was largely effected by the demoralization in Sugar. This stock, which was early supported and gained a point, subsequently decl ned 5 points on re- ported demoralization in the sugar trade. In the early dealings the moderate frac- tional advance here followed the improves ment in London, where the public were buyers of Americans. Subsequently stocks were well taken on actual investment and semi-investment purchases and covering of short contracts. Rallies ensued, particular- ly among the early sufferers, and around delivery hour gains were considerable. The Atchison issues, recently brought to the front by prominent interests, were sustain ing factors. The vunerablity of Sugar was largely responsible for the extreme irregu- larity of the market. The traders ham mered this speciality industrial and uncov- cred round amounts of stop-loss orders. Considerable support was extended to the general market throughout, and pool buy- ing instrumental in lifting into promi- hence some of the low priced stocks which had not as yet moved in proportion with the rest of the list This was particularly true of Kansas and Texas and Wabash preferred. The current earnings of the southwest group have begun to show gains over last year through the lifting of the cotton blockade. Missouri Pacific was the only laggard in this category of shares, profit-taking conspiring to keep the price well below yesterdays level. tst
 The Federal Steel stocks, which have been left somewhat neglected, were taken in hand late in the day ana advanced mate rialy. Speculation generally betrayed a very good undertone considering the heavy blocks of realizing orders which came out after every rally London operations were quite extensive, arbitrage dealings being for both accounts, but heavily for the bulls. Omaha took the initiative in the final rise in prices and gained 3 points. Northwest moved up sympathetically but the advance in the other Granger stocks was not sig nficant Speculation left off heavy in tone with net changes fractionally either way. The bond market gave a better illustra- ton of strength than the stock list, and although realizing orders were In force in the speculative issues, final prices record ed substantial gains in many cases. Total sales, $8,710,000 United State 3s, the old As coupon and the 3s registered advanced H in the bid price. s The total sales of stocks today were &C., 400 shares, including 80 225 Atchson; 131 800 do preferred 3838 Baltimore and Ohio; 1900 Central Pacific; 7.430 Chesapeake and Ohio; 7220 Burlington; 5,3S5 Chicago, Cleveland Cincinnati and St. Louis; 3560 Denver and Rio Grande preferred SS30 Illinois Centrai; 14,3s4 Louisville and Nashville; 17.190 Man haitian; 5,206 Metropolitan: 6,600 Hawaiian preferred; 27940 Missouri Pacific 43175 Northern Pacific; 5000 do preferred; 15. 235 Rock Island 10935 Union Pacific; 17,990 St. Paul; 6.S00 St. Paul and Omaha; 8 TOO South ern Pacific; 10.147 Southern railway; 21.SS7 do preferred; 4,395 Texas and Pac fc; S,250 Union Pacific preferred; 27.23 Wabash pre- ferred; 4,910 Wheeling and Lake Erie; S,2S9 American Spirits 19,520 Tobacco; 2S,199 Illinois Steel: 37,119 do preferred; 1900 Peo- ples' Gas; 55S0 Pacific Mail; 3.375 Pullman; 99, ,02O Sugar; IT $50 Tennessee Coal and Iron: 5,4SO Rubber; 20,115 Western Union; 32O0 Chicago Greatwestern.
 Money on call, steatdy at 2A@2k per cent; last loan, 2A
 Prime mercantile paper, BOA per cent Sterling exchange, hrmer, with actual business in bankers bills at $4.S4A@$f S41k for demand and at s4.s1%9%S2 for sixty days.
 Posted rates, $4S21k6sf.S51k.
 Commercial bills, sSO4.
 Silver certificates, 591k060h.
 Bar silver 59ss
 Mexican dollars, 463s.
 Government bonds strong.
 State bonds strong.
 Railroad bonds strong.