The age-herald., 1898-01-06
In Wall Streei


 New York, Jan. 5.-The stock market got away from the bears in the later dealings today and closed buoyant and very active in part, because of the rush of the shorts to cover. Some of the specialties were strong throughout the day, but there was was a period in the early session when the reactions seemed to have gained control, some of the southern and southwestern stocks being sold down point or over. The bears also attempted to utilize their introduction at Albany of bills directed against combinations of capital, but the effect of these bills was confined to con- soldated gas, which fell over point Some heaviness early was manifested also in other prominent railroad stocks, which may have been due to sympathy with the depression in the same stocks in London and one upon exchanges. This was notably the case with New York Central stock and Northern Pacific preferred.
 The forced covering of shorts and the later buoyancy of the market brought the extreme advances on some of the most prominent stocks to nearly two points or over and net gains of a point or over are very frequent throughout the list. The failure of the bears to effect declines en- courages aggressiveness in the bulls.
 There was growing feelings that recent utterances by railway officials pointing to poor returns on account of low rates and rate cutting were not fully warranted and were designed to influence public opinion and the action of congress The Union Pacific reorganization com mittee presented it's check to the assistant treasurer today for $S,5 4O1, which is the final payment on account of the Union Pacific sale The consummaton of this operation, which has been disturbing factor in the money market for over a month and the absence of furry on ac- count of 1t in the money market today, were viewed with relief by Wall street. The future ease of the money market now seems assured, so far as government op- erations are concerned.
 This encouraging combination of cir cumstances served to put an end to the bear campaign today tand turned the tide in favor of the bulls, though the day s business was still largely confined to the professional trading element.
 The bond market took on increased &C., tyity and strength in sympathy with stocks and prices we're generally higher. Total sales $2 ITS, ,OO0 United States new 4s were 1ac higher bid; the 5s registered asc higher and the old As registered, and the 5s coupon 1sc higher.
 Total sales of stocks today were 23S700 shares, including:
 Atchison, preferred, 4,S4O Burlington, 1S,115; Louisville and Nashville.' 7105; Man. haitian, 1992S; Metropolitan, 4,520; Missouri Pacific preferred, 63S5; Rock Island, 7,3l0; St. Paul, 20, ,4S0; Union Pacific, 5,SS6; Ameri- can Tobacco, S,512; Chicago Great Western, 4,92O; Peoples Gas, 14,123; Sugar, 19.5S5.
 Money on call firm SQ3h per cent; last loan, 3ls per cent; closed SQ31a per cent. Prime mercantile paper, siaG4 per cent. Sterling exchange firm, with actual busi- ness in bankers bills at s4.S5Q4S5ls for de- mand and at s4.S2as@4 SPA for sixty days. Posted rates, s4S31s9Q4.S6 Commercial bills, s4.S2h Silver certificates, 56ssQ5S. Bar silver 665s; Mexican dollars. 45K.
 Government bonds strong.
 State bonds dull.
 Railroad bonds firm. e G4