Worcester morning daily spy., 1898-01-20
SLIGHT GAINS.
Favorable News Sends the Drift
of Prices Upward,
The Decrease in Rates for Call Money
Loans An important Factor in
the Market

New York, Jan. 19-The market for
stocks today improved in tone and ac-
tivfty as the day wore on, and at the
close the general list showed fractional
improvements, while in some cases there
was a rise of from to az points.
The close was strong at the best prices
Of the day,
The extreme ease of money call loans,
some being made as low as IA was
potential influence on the markets. lats
strength. There were several beneficial
features in the news of the day. The
weekly earnings of the railwals in near
lv every case showed net increases run
ming up to $4,000 in Chesapeake & Ohio
and $50, 900 in Louisville & Nashville,
and the SIS, 100000 Illinois Central ter
minal bonds were considerably over
subscribed. These facts, together with
the action of the house of representa-
tives at Washington in sustaining points
of order against Cuban resolutions,
caused a rising tide in quotations, the
traders taking the view that legislative
action In behalf of Cuba for while, at
least, was improbable.
Washington reports regarding the cur
rency question had little influence on
the London market for Americans,
and Berlin and Frankfort were report
ed as taking an apathetie view OF the
subject The transactions in sugar anu
Northern Pacific were in considerable
volume Sugar rose on street gossip
that it was time for resumption OF
the bull campaign in that specially
Northern Pacific left off at rs advance
on hopeful expressions regarding the
earnings by friends of the property
There were vague rumors of the HKe-
lihood OF an effort to secure leglslatiye
permission for the consolidation OF local
gas companies. Consolidated Gas
cordingly rose sharply and retained
part of the gain. Metropolitan TRACTION
was cratic, but It's fluctuations closed
with an Improvement There were ru-
mors of the possibility of that company
declaring a script dividend.
Mobile & Ohio advanced ~ rms
was attributed to the subsequent an
nouncement of the per cent DIVIDEND
Pittsburg Cincinnati Y st. Louis was
strong on the favorable December earn
ings, The grangers and local transpoI-
tatior shares shared in the days appre-
citation of values.
oregon Navigation was up points,
Oregon improvement trust receipts rs
Oregon Short Line rs, Northern "a
cific 1%, preferred Us, and Union "a
cific trust certificates w. Other nota-
BILE gains were Laelede Gas pref IN,
New York, Susquehanna & Western IA,
Pittsburg, Cincinnati & St. Louis IA, 90.
pref 21k, and Tennessee Coal q Iron l7s'
There were no important losses.
The bond market maintained a fair
degree of strength, with transactions
largely centred in the speculative lines.
The aggregate sales were So, 100000. GOV
ernmen. bonds showed an easier tend
ency. :, ,,ao
New York, Jan. 19.-Money on call 1902
D. G.; last doan at 2 p. c, Prime merean-
tile paper, SaSA p. Sterling excna s f,5
bankers bills at 4. s41kGss for demand and
at 4 .82skQss for 60 days. Posted rates
4. S305k and 48554Q4. SO. Commercial blliSs,
4.81X. Silver certificates, 561a. Bar sill
yer. 56zk. Mexican dollars, 45A. Govern
snent bonds weak. State bonds dull. RAIN
road bonds firm.
nr1rxxT VnDK or OSTNG QUOTATIONS.