The age-herald., 1898-02-02
Tn Wal Streo-

bulls. RIORDAN & co. i
 Tn Wal Streo.
 New York, Feb. 1.-The stock market to- day had a load of liquidation to carry still heavier than that of yesterday and there were fewer prominent stocks to exert a sustaining force by special strength. The heavy offerings were well absorbed and net declines are for the most part con fined to fractions but are general. For a time after the opening there seemed to be no diminution from yesterdays activity. There had evidently been large accumu- lation of outside orders over night and London was also buyer of stocks. This demand was satisfied however, without af- fecting any marked advance in prices, the offerings being very large Later prices began to yield under the weight of con- tinued offerings, but the pressure has been great and the market fell into dullness holders apparently being content to await to continue liquidation. The rallies were helped by continuing strength in a num- Der of stocks, especially Union Pacific and all it's securities. The strength of these gained during the day and this stock clos ed at the highest. Baltimore and Ohio ShoWCo Sdiiy WcdhuCoSs bQt IdiiiSo 673C Ou an unauthorized assertion that the reor- ganization plan had been agreed upon. Upon the denial of this the stock fell away, but closed with a small net gain. There were periods of strength in other stocks during the day, notably the local traction companies, Western Union and General Electric, but the order of the day was profit taking and this tendency ex- tended even to Northern Pacific preferred upon which there was a quarterly dividend of per cent declared late In the day. Lon don bought some stocks early in this mar lSet, but sold more later, which probably had an influence in giving a somewhat stiffer tone to the exchange market
 It Is to be noted, however, that part of the cash from the interior which is be- ing received in New York Is due to remit tances on account of Australian gold re- ceived at San Francisco to the order of New York houses. There was noticeable growth of activity in commercial paper in the money market today, showing de- cided increase, but without any quotable effect on the rates. The rates for call loans were forced to a lower basis in spite of the withdrawal of the second ten per cent. installment of the governments de- posit of Union Pacific payments. This withdrawal was called for tomorrow.
 In the bond market the Kansas Pacific consols were the most conspicuous feature with an advance of S7s. is..si..s
 The bond market generally showed a continuance of activity and prices con- tinued to advance. Total sales, $6,140, ,0o0
 Money on call easy at 1k@1N per cent. last loan at 1%.
 Prime mercantile paper, BOA per cent.
 Sterling exchange frmer with actual business in bankers, bills at s4.s4A for de- mand and at $4.S21A@4.S2H for sixty days Posted rates, $4.SS@4.ss,k and s4.s51s04 ss Commercial bills. &.S2.
 Atchison preferred 15,1O0; Baltimore and Ohio il. .615; Chesapeake and Ohio 27,s06 Burlington 9,190; Louisville and Nashville 1s,G6; Manhattan 1s,93S; Metropolitan 5,955; Missouri Pacific 3,s50; M. K and T., pre- ferred $685. New York Central 15,170; North ern Pacific 13,22S; Reading 462O; Rock Island 1e,625; St. Paul 17.4o5; Sugar s,4s7; Vest ern Union 15.S44; c. G. and w., 14550.
 Silver certificates. 56A057A
 Bar silver, 56as.
 Mexican dollars, 45K.
 Government bonds strong.
 State bonds dull.