The age-herald., 1898-02-10
In Wall Street.

New York, Feb. 9.-The most notable fea- ture. of the stock market today was the strong rally in the last fifteen minutes of trading After o'clock the bears start ed a raid apparently with an aggressive determination to shake out weakly mar gined holdings and to rt-s stop loss or ders. They succeeded admirably in fore ing down prices, declines ranging from 1 to points all through the list, but the appearance of support at the low level led to a covering movement, became a rush and closing very like @ rout of the bears. Substantial recoveries were scored very generally and in a large number of cases earlier declines were entirely wiped out. The market was one of ups and downs all day, the opening showing numerous signs of heaviness in spite of a higher range of prices reported from London. The bulls promptly offered support and rallied the market holding their advantage up to noon, when again the tendency to realize sent prices downward again. The Cuban situation discouraged aggressive tactics on the part of the bulls, the professional traders being disposed to realize all day. There was a decrease in the volume of business, also falling off in outside in- terest. The declines, however brought out gold buying Michigan Central, Northwest and Omaha showed speciai signs of strength and the local street rail- road companies also advanced vigorous ly. Union Pacific securities were all quite strong, the advance apparently being due to belief that the reorganization had concluded to secure the Kansas division even at the governments own terms. Great Northern preferred were conspicuous for reaction of nearly points from its re- cent remarkable advance. Pullman was marked up 3R points on small transactions and rubber preferred scored a sharp ad- vance.
 Money continued to rule below 1b per cent. for call loans, and there were re- ports of large loans for a year at 312 per cent. The withdrawal of the 10 per cent. installment of the governments deposit of Union Pacific payment was reflected in a credit balance at the clearing house for the sub-treaSury of S6S2, 10O The sub treasury has been having daily debit balance at the clearing house of $6OO,OO0 or upwards for some time past. The plethora of money was not appreciably relieved by the operation. Sterling exchange hardened an additional fraction. The current de- mand for exchange Is believed to be due to some large financial operations 1nvolv- ing settlemnt5 abroad.
 The speculative bonds showed a reaction ary tendency in sympathy with stocks, but prices of bonds for the most part held firm Total sales $4,320,00O.
 IT. S. old 4s coupon and the new As reg istered were 1sc lower. bid. Total sales or stocks today 356, 200 shares, including 10,74O Atchison preferred; 3,370 Chesapeake and Ohio: a,916 Burlington; 3,690 Denver and Rio Grande, preferred; 675O Erie preferred; 1; s,45O Louisville and Nashville; B, 2oO Man haitian; 22,5SO Metropolitan; 3,i54 Michigan Central; ,15O Reading, preferred; 3,605 Mis- souri, Kansas and Texas, preferred; Il ,92o Nsw York Central; 4,650 Northern Pacihc; 9.O95 Northern Pacific, preferred; 59S Rock Island; 15, 20 St. Paul; 180So Union Pacific; 7,47O Tobacco 5,420 Chicago Great Western; 1; 7.916 Peoples Gas; 4.703 Consolidated Gas; 2, ,4s5 Sugar.
 Money on call easy 1AcQD11ac per cent; last loan IA per cent. Prime mercantile paper, 3a4 per cent Sterling exchange strong, with actual business in bankers bills at s4s5ss@4.S5% for demand, and at $4Ssh@4. .S3114 for sixty days Posted rates s4 SaS4' 'ssib: commercial bills, s4S21k; silver certificates, 561sc@571sc. Bar silver, 66ssc Mexican dollars, 45Ac.
 Government bonds weak.
 State bonds dull.
 Railroad bonds dull.