The age-herald., 1898-10-14
m w, Il Street.

New York, October 13.-The advance in prices in today's stock market was even more significant of the improved tone of speculative sentiment than that of yester day. For one reason this was true for quite large bear interest was precipitated into the market by yesterdays advance. A factor that might have been ut l zed by the bears, was the depression in foreign markets, SO marked as to suggest some knowledge of pending political complica- tions in the deeper financial currents. Not only was this ndcated by the heav ness of securities fall of 5-16 in British consols and of 15 cents in French rentes, but the excited condition of the foreign wheat mar kets.
 The opening in Wall street brought or ders to sell 15,000 shares or upwards of stocks for London account. The bears d'd in fact avail themselves of this opening to make drive against Tobacco Sugar and Northern Pacific, but the confident man. her in which all offerings both for London and the short account were absorbed took all the assurance out of them and their only other aggressive move dur ng the re- mainder of the day was drve against To- bacco. The bears have counted much or the damaging effects of the war in the Su- gar refining industry, the conflict over the plug tobacco trade and the divergence of ideas among the powers of Northern Pa clfic over the question of a div dend on the common stock to check any advance in the market account of very favorable re- turns of railroad earnings and the generally prosperous outlook for business. The move ment of prices in these securities gave warning of compromises and adjustments and took away the mainstay of the bear movement. The process of covering of ~1,A aAA1 large scale and large financial. interests of fered aggressive support to the prices of properties in which they were interested A significant feature of the days trading was the investment demand for small lots of gilt edge stocks. There were conspic- uous movements of ths sort in Sr. Paul preferred. Pullman. Great Northern pre- ferred, Albany and Susquehanna, St. Paul and Omaha and Pennsylvania. The ad- vance In Pullman, Manitoba and Great Northern preferred extended from 31a to AZ per cent. and Manitoba closed with a bid of per cent higher than last night. This buying is natural concomitant of the growing ease in the money market Call loans were made at 5 per cent today and there in a constant increase in the supply of money offering both for time loans and mercantile paper. Short sterling was slightly firmer in tone in response to the advances in the Bank of England rate. A SIn9ii engagement Ol SOlu TOT import WdS without influence on sent ment. The days net gains equal point for many stocks.
 The demand for high grade bonds was a reflection of the growing abundance of sur- plus capital Total sales $2 2005,000. l
 United States As. the old As registered, and the new As advanced E on the bid price.
 Total sales stocks today were 306, 400 sares. including Burlington, 6,956; Manhat- tan, 14,325: Northern Pac fic, 436S0; Northern Pacific preferred. 1850; St. Paul, 14,620; Union Pacific, 1O67O; Tobacco, 2S,755 Sugar, 61520.
 last loan 21a per cent.
 Prime mercant le paper, BOA per cent.
 Sterling exchange irregular with actual business in bankers bills, SAS464S4A for de- mand and at s4.s1h@4.s11s for sixty days.
 Posted rates s4.S2h and s4s5.
 Commercial bills, $480@4. 801a.
 Silver certificates, 5920601c.
 Bar silver 595sc.
 Mexican dollars, 461ac.
 Government bonds strong.
 State bonds steady.
 Ra lroad bonds steady.