The age-herald., 1898-07-10
ln all treel.

New York, July 9.-The bullish sentiment of the stock exchange was unmistakabie to- day and carried prices aggressively upward during the two hours session, routing the bears and defeating rather feeble efforts to work a reaction. Some professional traders were skeptical about the character of the buying of the last two days regard ing it as maneuver to attrack outside buying to realize on this they attempted to check the advancing tendencies by re- newing yesterdays attack on the coalers. This group of stocks proved easy victims on account of the demorazed condition of the anthracite condition owing to the in- creasing competition of gas as fuel and the extreme cheapness of btuminous coal. The losses ranged from 115 to 2h This drive against the coalers did in fact, unsettle the market and induced some profit taking on the advance. But the character of the buying at the decline made it evident that the stock absorbed during the last two days had been taken for something more than factional turn in price, The check to the advance brought only small offerings which were easily absorbed, but the mar ket was soon moving upwards again under the influence of persistent and urgent de- mand for the Vanderbilts. The buying of New York Central was most conspicuous, though the movement in the price was not as wide as in some of the other allied roads, notably Omaha and Illinois Central, which both rose points. Buying elsewhere in the list was less urgent though it was good, part of it evidently being covering of short contracts put out earlier in the day. The AtchisOn adjust per cent bonds were heav- fly bought and were advanced per cent to 6912, new high record price. A block of GOO was taken at 69, another block of s1S2,O00 at 6912, besides other large indi- yidual purchases.~The bank statement was regarded as favorable and helped on the ad- vance. Some effort was necessary to sus- tain prices to the close in face of a one point break in sugar, but the close general ly was firm at the top prices, net gains ranging from a fraction to 8 per cent.
 Todays statement of New York clearing house banks demonstrated the subsistence Of fears that the money market would suf- Ter from the taking up of the government loan and gives the key to explain this subsistence. Less uneasiness is felt over the fall in the price of wheat, the decline in the grain movement over railroads to below the normal at this time of the year and the report of decreased yield. Con- fidence is now felt that the country will now have surplus crop and the statis- tics of the worlds supplies indicate that there will be a continued foreign demand at good prices, at least until the worlds new crops come forward in the fall. United States fours coup have advanced 1H. and the old fours coup %, the new fours registered F, the fves coup B and the fves and old fours registered A in- terest bid in the price,
 New York, July 9.-Money on call nomi- nally at 1A.
 Prime mercantile paper, 3h64 per cent.
 Sterling exchange quiet, with actual busi- ness in bankers bills at $4S5A@4S6 for de- mand, and al $4.S411d4. .slsl for sixty days.
 Posted rates, S4s504S5k and $iS612dfS.
 Commercial bills, s4.S3&i.
 Silver certificates, 5Sa4@591a
 Bar silver, 5S&.
 Mexican dollars, 45A.
 State bonds dull.
 Railroad bonds, firm.
 Government bonds, strong. By Private Wire to Paine, Murphy 6 Go.