The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1898-12-21
In Wall street.

New York, December 20-The market, af-
ter an irregular course. left off strong, the
best gains ranging from to points in
some of the speciaities, while the better
ment in standard shares was fractional.
The market lacked a decided tone at the
opening in sympathy with irregularity of
Americans in London, where there was evil
dence of some realizing sales. Chicago and
Alton, Biscuit. preferred, and Tennessee
Coal and Iron were among the first stocks
to display strength. Missouri Pacific, Fed
eral Steel and Sugar in succession began
to rise and tended to check an otherwise
weak and hesitating market. Union Pa
cities in common with the other interna-
tional stocks suffered somewhat for time
on the realizing sales from abroad. After
l o'clock traders gradually took the kng
side.
Sugar was boosted up on the shorts and
on large transactions rose nearly five
points Favorable weekly earnings were
responsible for rise in Southern Railway
preferred. A very strong movement in the
late trading in the Atchison issues was
transferred to Federal Steel and Baltimore
and Ohio, and gradually helped the whole
list. Interest was attracted to the minerals
and commission houses were large purchas-
ers of Federal Steel, while the purchase of.
Atchison was made in the hope of some
favorable action at tomorrow's directors
meeting. The expectation of an early an
nouncement of Central Pacific reorgan "a
ton was responsible for rise in that stock
of about points. Manipulative orders
helped in marking up American Steel and
Wire. Minneapolis and st. Louis stocks
continued their recent notable advance.
The new stories about the local gas contro-
versies settlement was instrumental in lift
ing Consolidated Cas- While the transact
tions for the day was not up to the recent
tremendous volume of business, the great
amount of activity for the day developing
In the closing hours while the market was
moving upward. Call money! which for
some time has been ruling from 2 to 2H.
was bid up to Az per cent. which was paid
for a small loan in the last half hour, and
directly afterward there was a good sized
loan at per cent, but the furry was quick
1y ended by large amounts of money offer
ed and the rate dropped to 2A per cent, the
closing prize. This incident had no effect
on the market, which continued to rise
sharply.
contraction in dealings, and speculation was
very cratic. Total sales, 1872, 800 000 United
States new As registered advanced ~ the
coupon v. and the SIS and old As coupon, y
in the bid price.
Total stocks today, 610,50O shares. includ-
ing 1920 Missouri Pacific; 1920 Rock Island;
1900 Union Pacific; $3.50 do preferred; s.
800 St. Paul; 14,615 Southern Pacific; 5000
Southern; II ,920 do preferred; los, 020 Sugar;
S,495 Tennessee Coal and Iron.
Money on call closed steady at 2ls@4 per
cent; last loan, 21a.
Prime mercantile paper. 3d3A per cent.
Sterling exchange, firmer, with actual
business in bankers bills at s4.S5a46$4S5 for
demand and at AS1%@$4.S2 for sixty days.
Posted rates. AS2lk and s4.s5tt
Commercial bills s4.S01s@s4S1h
Silver certificates, 591k@601z.
Bar silver. 59as
Mexican dollars. 1875.
Government bonds, strong.
State bonds inactive.
Railroad bonds irregular.
New York. December 20.-A reduction Of
1-16 of a cent in the price of refined sugars
has been made by the American company
BY Private Wire to Paine, Murphy & Co.