The age-herald., 1898-08-20
sugar
In " all Street.


 New York, Aug. 19-The recovery from yesterdays reaction in the stock market was decisive and complete before the end of today, and the closing showed furously active buying, absorbing aN offerings at advancing prices. Some of these offerings were especially heavy, as a result of the attractive level of prices attained. and numerous individual blocks of 1000 shares and upwards of St. Paul were snapped up with apparent avidity. St. Paul resumed the leadership from well taken and firmly held all today, but it was not until the last half hour of trading that it was taken decisively in hand and rushed up from 110A to about 112R.
 The other Changers followed suit, though at a less lively rate, and with nowhere near so large a volume of business. Bur- lington recovered it's IF decline and a quarter besides. The earlier part of the day showed a marked falling off in the animation of the market and the con- spicuous movements in prices confined al- most entirely to the Industrials and spec ialtes. It became evident with the open- ing that there were supporting orders in leading stocks which offered a barrier to further declines in them There was in addition continuance of the outside de- mand for stocks through commission houses. Some of the Industrials showed a buoyant tone and served to sutain prices Although there was some realizing during the first hour, it was well absorbed that the bears became discouraged and desisted from their efforts to break the market. When it was announced that the stock exchange would be closed from to- day until Monday it became evident that the shorts were the ones who felt timd about leaving commitments outstanding. The aggressive move in St. Paul re-inau- gurated the bull movement in full force Some of the sharp gains in individual stocks were Lake Erie and Western pre- ferred, "A Minnesota Iron, 6A; New York Air Brake, Az; Pacific Coast Improve ment 31a; second preferred, B.
 Reports from export sources tell of large expansion of business as the result of the termination of the war with Spain. The expansion of the country's. business Is strikingly manifest in the conditions of the New York money where pressure for funds from interior points is already beginning There is practically nothing to met this demand but the gold, and New York banks are shipping gold to the interior for or- cuating medium. The morey market has responded with hardening tendency and the foreign exchang emarket with fall of rates. Meantime, the bank of England has been strengthening it's reserve by contract it's loan account in anticipation of acall for gold from New York and aresulting rise in money ratk; in London. An early gold movement to New York seems inevitab ble, and there Is eager demand by national banks for the new government bonds AS fast as they can be acquired they will unl doubtedly be used in expanding the bank circulation. These facts make it evident that the country is finding ample use for the very abundant increase in it's money supply. =4s- Total sales of stocks 4S0,S 500 shares, includ- ing #, ,43O Atchison preferred; 35,S2O Northern Pacific; 5,5SO Louisville and Nashville; 5120 Southern preferred; SIPS Cotton Oil; 10,92O Tobacco; 2S12O Sugar; F, 200 Tennessee Coal and Iron; 12,1S0 Leather preferred.
 New York, Aug. Notwithstanding was not particularly active today the cotton mar ket showed range of fluctuations. The opening call developed a steady feeling at an advance of 365 points over the final figures of yesterday. Shorts were the prin- cipal buyers, being driven in by reports of damage to the crop in the eastern region of tine cotton belt, by heavy rains during the past twenty-four hours. Moderate buying for foreign interests being satisfied, the market showed symptoms of easing oH The bears sold now vigorously with the result that by midday the early gain had been supplanted by loss of lQ2 points where the market held until the close.
 Money on call 1k@1% per cent; last loan 1%.
 Prime mercantile paper, 3A@4 per cent.
 Sterling exchange weaker, with actual business in bankers bills at $4.S5AG4.S5ss for demand, and at s4.831s@4.S39 for sixty days.
 Posted rates. $4.S4d4s5 and 4S6k.
 Commercial bills, si.S2A
 Silver certificates, 59A@59l2. Bar silver, 59H.
 Mexican dollars, 46.
 Government bonds, irregular.
 State bonds dull
 Railroad bonds, strong