The age-herald., 1898-02-04
Tn wail Sire

in Wal S-r-
 New York, Feb. 3-The strength of to- days stock market was confined to spot and the general tendency continued to- wards lower plane on realizing sales. Pressure by the bear traders was marked and the outside support afforded by buy ing orders through commission houses were considerably less. There was strong tone in few individual stocks and advances in others were brought about by manpula- tion. London also bought some securities here. All causes combined, however did not avail to maintain prices in the general list and the average level of the market sagged to a lower basis. The most con spicuous movement of the day was in Great Northern preferred, which added 12 more points to it's recent upward course, making its gain thus far for the week 2e points The supply of this stock in the street at any time is exceedingly light and urgent demand for even a small volume raises the price very quickly. The methods of operation on this road and its financial relations to its subsidiary companies makes the stock attractive at any time on the general possibility of re-adjustments of re- lations and advance this week gives strong ground for supposing that the general pos- abilities are shaping into concrete form. There was nothing in the news of the day to warrant a statement as to what that concrete form may be. Over 5000 shares changed hands during the day. Baltimore and Ohio also showed continued strength, grounded on vague rumors of the approach ing completion of the reorganization plan for which there was no authentic warrant. Norfolk and Western preferred advanced over a point at one time on the strength of yesterdays one per cent dividend decla- ration the buying of the stock for London account being particularly good.
 Almost all of the gain was lost in late reaction. The coalers were favoraby af- fected as a group by the prevailing cold weather but they failed to hold their gain Rubber preferred enjoyed an ad- vantage from the curren demand for over shoes created by the ste nn. The Wander bilts were strong at times, Michigan Cen tral being brought into the talk of consol- idation. Sugar also ruled above yester- days closing price. Other exceptions to the prevailing weakness might be named, but they were not conspicuous and lost nearly all their advance. The activity of the iudTkeL SuOW6Q tt ciedI ltttii6 OA ASvE the recently prevailing average.
 The active interest in the bond market was much better sustained than in stocks and prices were better held. the general level being higher and some sharp gains being scored Total sales, $5,61o.000.
 Government bonds were strong all around. United States 2s advanced 1s, the new As, the new 5s and the old 4s regis. tered N and the old As coupon h bid.
 The total sales of stocks today were 309, 600 shares, including: Baltimore and Ohio, 27,64o; Chesapeake and Ohio, 4,951; Great Northern preferred, 3,143 Louisville and Nashville, 7,297 Manhattan, 12,225; Mich- igan Central, 47OO; Hawaiian, 3.7s5; Read ing preferred 2O,S79; Missouri Pacific, T. S7O; New Jersey Central 3,029; New York Central, 4,03s; North American, 650O; Northern Pacific, 5,52O; Northern Pacific preferred 13,410; Reading, 9231; St. Paul, SIPS; Union Pacific, 13,696; Peoples Gas. 3,7s5; Consolidated Gas, $500; Sugar, 1O- lS3.
 Money On call easy at 11k@1A per cent; last loan, 1h per cent.
 Prime mercantile paper, BOA per cent.
 Sterling exchange flrm with actual busi- ness in bankers bills at s4.S5Q4.S5h for de- mand and at s4S2a4@4.s2ys for sixty days.
 Posted rates, $4.S31s and $S6
 Commercial bills, $4.S2.
 Silver certificates, 56A@57l..
 Bar silver, 563s.
 Mexican dollars, 45k.
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