The age-herald., 1898-01-27
In Wall Streer.

ANo" Ioih, JdH zb.-II the strength in yesterdays stock market was to be att tr1buted to natural recovery from the scare caused by the Maine's departure Tor Havana, there could be doubt of the underlying strength and breadth of to- days market for securities. The Maine in- cident has in fact been converted into an actual bull factor in the stock market the exchange of courtesies at Havana have been looked upon as promising more towards soothing relations between the two countries than anything that has yet occurred. The movements of todays mar ket was broad and deep and left no room to doubt that large interests were absorb ing securities with great confidence, and on very heavy scale. Purchases of 1000 share blocks were frequent in leading stocks all through the list and there were number of transactions in bonds in which $100,0O0 par value changed hands in one block. Almost every group of railroad properties in the market was represented in the advance. the continued heavy buy ing of New York Central and the van- derbilts being the decisive influence on the market as for some time past.
 The Changers, the Southern group the Southwesterns. the Coalers and the Klon-
 
 l to points. Kansas and Texas preferred rose points on rumors of an approaching dividend declaration, and New York Gen. tral at one time added nearly points to 7 yesterdays gain. Lake Shore rose 41k Of the Changers, Rock Island was the leader with a rise of 21z, and all the leading mem- bers of the group rose over a point Reading first preferred was in the van of the COaIerS with ri of ir,iIo sharp gains were scored all through the industrial list. The group of New York corporations was an exception, and show ed signs of heavness. London continued a large factor, though its purchases were not as large in this market as was the case yesterday.
 The exchange reflected the further effect of this development with a sharp drop of ss in the actual rate for demand sterling, bringing 1t down to SASHA. This is the point which has started the two last im- portant movements of gold, and there was talk in the street today of gold imports. This would be the more remarkable in view of the hardening tendency of money rates abroad and the continued ease here. The local money market showed no effect from today's surrender by New York banks of the first 10 per cent installment of the government deposit on account of the Union Pacific sale. This transaction re- suited in practically wiping out the sub treasurys debt balance at the clearing house today, which has been running re- gently at from over half million to near ly million dollars a day.
 Dealings in bonds were large and prices very generally improved. The Kansas and Texas seconds were most active and gained 2 per cent. Total sales, $5,57o.0O0.
 United States old is coupons and the new As declined k bid and the 5s coupon ad- vanced H bid
 Total sales of stocks today 4S6, 700 shares, including: Atchson preferred. Il ,6eO; c. & O., 55s5; c. B. & O., N.675; L. & N, 9SO5; Manhattan. 21 ,26O; Reading preferred, B. Ss6; Missouri Pacific, 1860; M. K. & T., B. 69O; do preferred, 2S92O; New York Gen. tral, 47 $50; North American, 23,S69; North ern Pacific. 15.S4o: do. preferred, 242S0; o. & w, 1920; Reading, 7.605; Rock Island, 32120; St. Paul, 29,150; Union Pacific. A. oio; American Spirits, 41SO; Tobacco, 3S2O; c. G. w., s.365; Peoples Gas, 1o,1oo; Con- solidated Gas, 4,19O; Sugar. 17.974.
 Money on call easy at 11sd2 per cent; last loan. IA per cent
 Prime mercantile paper, 3s4 per cent
 Sterling exchange weak, with actual business in bankers bills at s4S4A for de- mand and at $4.S21kQ4.s2A for sixty days.
 Posted rates, s4SsG4.ssls and $4.s51k94.Se. Commercial bills, s4S1%.
 Silver certificates, 564Q57K.
 Mexican dollars, 44%-
 Government bonds weak.
 s State bonds dull.
 Railroad bonds strong.