The age-herald., 1898-08-17
In Wall Street.

New York, Aug 16.--There was a still further advance in the prices of stocks all along the line today and still further in crease in the number of shares sold dur ing the day. The number of different stocks traded in was also larger, refiect- ling the broadening interest in the market. < Buying orders from outside sources were placed with commission houses more ex- i tensively today than on any since the movement began. As was the case yes- terday, this outside demand was taken ad-a vantage of to realize profits by the con- bination of large speculative interests which is all the time operating on an enormous scale, shifting its activities from one stock or group of stocks, to another The rGangers all showed the effects of realizing today and did not rise materiaf- ly above yesterdays closing price at any time. So large were the offerings of these stocks during the first hour of trading that the heavy outside demand proved in- sufficient to absorb them and sharp de- cline was the result, Burlington dropping over a point. Offerings on large scale were thereupon withheld and the group maintained a firm tone at a lower level except for intervals of profit taking. The bears endeavored to take advantage of this profit taking movement by an onslaught upon Manhattan and Sugar at the opening, hoping that the recent persis- tent weakness of these two stocks would make them vulnerable and effective in breaking prices. buC Ine DuliS at llle Sdlue time lifted the Northern Pacific stocks point C. l at the opening, and marked up Rubber preferred Az points The out side demand for stocks all through the list was active and varied as to lend ample support for continued profit taking by the bull clique. The bears were soon doubted, and Manhattan and Sugar moved upwards along with the general list. Northern Pacific and the Union Pacific stocks sagged at intervals, but the former returned consistently to the high point Low stocks were constantly being brought forward and were advanced one after the other to a materially higher level. South- ern railroads and some of the western roads which are affiliated with the trans continental systems, showed notapie strength. There was activity and strength in the Industrials, Tobacco, Peoples Gas, Lead Tennessee Coal and Iron and Rub- Der stocks being especially conspicuous. There were sharp reactions fh most or these on profit taking, but he reaiizlng yielded again before the close. The close was firm at materially higher lever or prices throughout.
 The demand for securities has apparently been largely diverted to the stock mar ket and bonds were comparatively dull today, but prices were very well held: Total sales S. 000. United States 3s, when issued were 1 lower bid. oGvern- ment bonds were otherwise, unchanged.
 Total sales stocks today. )5, 100 shares, in- cluding Il, ,15O Chesapeake and Ohio; S,72O Louisville and Nashville. s,200 Southern; 17. .440 Southern preferred, 4,7O0 Cotton oil, 9 .320 Tobacco. 5907O Peoples Gas, 16,52O Sugar. 96, ,32O Tennessee Cotl and Iron. ~,
 Money on call firm at 11a@3 per cent; last loan 1% per cent.
 Prime mercantile paper 3A@4 per cent.
 Sterling exchange. steady, ith actual busl- ness in bankers bills at $4.S51s0E4.S5A for demand and at $4.S4@4s4A for sixty days.
 Posted rates s484h64.S5 and $4S6G4.s6R.
 Commercial bills, $4.S3Q4.S319.
 Silver certificates, 5SAG591sc.
 Bar silver, 595sc.
 Mexican dollars, 46c.
 Government bonds dull.
 Railroad bonds firm. ,'