The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1898-12-28
sugar


New York, December N.-Stocks were
strong and higher today, with business
well distributed. The improvement in quo
tations was from one to two points general
1y, and even greater In the specialties.
Shifting of speculative accounts and profit
taking were at times responsible for fluctu-
atoms downward, but the tone throughout
was confident. Among the many reasons
to account for this were favorable traffic
statements for the third week in December,
especially St. Paul, where the gross in
crease was over $175,OOO, Saturdays good
bank statement, the North Dakota decision
in favor of the railroads, and continued
ease in the money market. Moreover, the
advance in Americans in London had a
stimulating effect, although later there was
moderate selling from that quarter on adj
vances here. There was continuation of
the tendency to discount January dividend
disbursements, a larger portion of which
will remain in this country than hitherto
because of the absorption of large blocks
of internationals formerly owned abroad.
The Changers were more largely traded in
than of late at advancing prices. Rock
Island making extreme advance of
three points, st. Paul. 15s, Burlington. 1%,
and the others a point each. Many orders
accumulated over the holidays were re-
ceived to buy at the market caused wide
opening in the market. American Steel
and Wire stocks rose about points each,
and rstained the greater part of the adj
vance. Federal Steel also, both common
and preferred, was up over two points, and
eased off somewhat. Peoples Gas and
Brooklyn transit were very strong, the lat
ter on the theory that there would be an
in, Tor Of dot Ion Of
competing lines. Sugar refining was an ex-s
ceptiop> to the general strength because of
the reported complications in the trade due
to sales direct to the retailers by the indie
pendent companies and a reduction in the
price of refined articles The stock lost
about points at the opening, rallied slight
1y, and closed little way over the lowest.
Several of the minor industrials and the
specialties displayed strength, with es-
peeially Leather preferred and Lead.
Other stocks whose advances attracted at
tention were Norfolk and Western, Pitts
burg, Chicago, Cleveland and st. Louis,
the Pacifics, Metropolitan Street Railway
and Bay State Gas, the closing was strong,
slightly under the best, aggregate transact
tons having reached nearly a million and
establishing the largest total for the year.
The bond market tended strongly up
wards the inquiry embracing a marked
variety of issues with substantial improve
ments. Total sales were $3.50 900. United
States SIS advanced u, and the Us, x in
the bid price
Total sales of stocks today were 951. 900
shares, including $500 Atchison 80, 45O Atch-
ison preferred: 4445 Central Pacific; 1920
Burlington; 10,950 Denver and Rio Grande
preferred: 400 Lake Erie and Western TO-
100 Louisville and Nashville; $500 Metropoli-
tan; 1900 Reading preferred 1000 Minneso-
ia and st. Louis; 1880 Missouri Pacific;
S400 Missouri Kansas and Texas preferred;
$500 New York Central; 5000 Northern Pa
ciic; 17.020 Nrthern Pacific preferred; 5000
Rock Island; 1000 Union Pacific; 5000 St.
Paul; 1000 Texas and Pacific; 25.25O Union
Pacific preferred 7,2s5 Paper; 1920 Tobac-
co; 1920 Peoples Gas; 3,0S5 General Elec-
trio; 10725 Lead; 12,720 Pacific Mail; $1,000
Sugar; $1,000 Leather; 32,10O Leather pre-
ferred 5,4OO Rubber; 9.4S0 ST. Louis and San
Francisco; 1,702 Chicago Great Western. t
Money on call steady at 2AQ21s per cent;
last loan 21h per cent.
Prime mercantile paper, 363R per cent.
Sterling exchange dull and easier with
actual business in bankers bills at s4S4A
@4S4b for demand and at $.S12im4.S2 for
sixty days
Posted rates, 81 S21a and s4s5l5
Commercial bills A.S1
Silver certificates, 59kQ6o1zc
Bar silver, 59Ac.
Mexican dollars, 46ssc
Government bonds firmer.
State bonds strong.
Railroad bonds strong.