The age-herald., 1898-10-05
sugar
Tn Wall Street.

New York, October 4.-Considerable ir- regularity marked today's operations in the stock market the net results being fa- vorable. The bulls finally boosted prices up. Changes included the St. Paul state ment for the fourth week of September, gold engagements presaging further ease in the monetary situation and more general commission house buying. St. Paul was taken in hand at the outset and lifted sharply, but improvement in the general list was arrested by. irregularity in the specialties The market generally speaking did not take on an active tone un- til near the close when heavy buying or ders were executed all around which ad- vanced prices materially. Evidence that leading interests were supporting their fa- vorltes created uuneasiness among shorts and large lines were taken in. This likewise influenced outside demand, which had predominated the market before the demoral!zation of the specialties. The bears attempted to make capital out of the closing of the Tradesmen's National bank but it was not an effective card, as after period of dullness following the announce ment prices worked up slowly until the movement assumed large proportions in the late afternoon. The futile efforts to bring about a substantial reaction in the ra1- ways combined with the ready absorption of all offerings aroused more hopeful feel ing which became intensified as additional encouraging traffic statements came to hand. Some lines showed falling off, but this showing 1t was felt, would be soon counterbalanced by the elimination of cer- tain unfavorable influences current at the present time. Tobacco persued its usual wild course and variations occurred in other members of the industrial group. Brooklyn Transit made conspicuous show of strength, the stock being taken on expected benefits to accrue from the ab sorpt on of the Nassau road and effective economies in operating expenses. A con- certed drive against Sugar later in the day depressed the stock over points and halted the general market when the rse was in, full swing Realizations occurred all around but better tone prevailed at the close, the market ending ssteady.---.-,--
 The bond market today developed con- siderable activity and heavy purchases were made of the current active issues. The general tone was strong and a brisk inquiry prevailed for some mortgages which usually do not figure to any extent in the trade, especially in St. Louis and San Francisco liens. Total sales 2.S5OOO0.
 Considerable activity developed in United States 3's today a gain being made of h per cent to 105A. Bid quotations of all other issues were unchanged.
 New York, October 1.-The silver market had sharp decline today, bar silver losing %c and Mexican dollars %c. The reaction was attributed to material falling off in the demand from the east.
 Money on call 21a@3 per cent; last loan, 3 per cent
 Prime mercantile paper, 31a@415 per cent. Sterling exchange easier with actual busi- ness in bankers bills at s4S4a4.S414 for de- mand and $4.S11ad4.S1% for sixty days.
 Posted rates. $4.S21a@4S5.
 Commercial bills $4.S01a.
 Silver certifcaates 61G62c.
 Bar silver, 60kc.
 Mexican dollars, 46%c.
 Government bonds steady,
 State bonds firm.
 Railroad bonds strong.