The age-herald., 1898-02-01
In Wat. Stree


 New York, Jan. 31.-Today's stock market was more active and broader than at any time since the recent upward movement be- gun, but 1t was exceedingly uneven, and some prominent stocks in the list show net declines. The market ignored the heavness of some of last weeks speculative favorites and other stocks were taken up and pushed aggressvely. There was obvious realizing in New York Central, Lake Shore, Rock Island and Sugar. The leaders of today's advance were Chesapeake and Ohio, c. c. c. & St. L.. Louisville, Pennsylvania, and Northern Pacific preferred. The first two named were affected by the published rumors that an amalgamation was in pros pect, similar to that projected for New York Central and Lake Shore. There was quite large demand reported for c. & O.. for London account, which was attribut- able to the presence in London of a prom inent authority on that company. Oregon properties, which are largely under a sim liar control, shared to less extent in the strength. Northern Pacific preferred con- tinued it's remarkable advance and touched 69 during the day. Confident assertions that an additional dividend was imminent &C., companied the advance. Louisville contin- ued to enjoy the advantage of the reports to refunding plan, nearing completion. The strength of Pennsylvania was said to be due to the operations of pool, which are based on the assumption that the stock has not enjoyed a rise commensurate with that of other trunk lines which are no bet ter situated The sharp rise in Baltimore and Ohio, which at the highest amounted fao nIoi, of ba day. Strength in a number of the indus trial specialties, notably Tobacco and Leather preferred, and the advances of some of the high priced investments stocks and the strength of the coalers, due to the prevalent cold weather, helped to sustain the market, and the continued large ab- sorpton of railroad bonds was an addi- tional factor The tone of the Grangers was heavy all day with the exception of Burlington, which rose at one time over a point and of Northwest and Omaha, which moved in sympathy with the Vanderbilts. There were several halts during the day, due to taking of quick profits, and trad ing closed with a very general movement to that end, which embraced all the strongest and most active stocks, cutting down their extreme gains in all cases. Sugar lost nearly all of its early advance. London was both buyer and seller in this mar ket, and Union Pacific and St. Paul felt the adverse effect of this selling. Commits sion house trade was on large scale.
 Business in bonds was on a large scale, Kansas Pacific consuls, the Union Pacific and Atchison issues and the Texas Pacific securities being in special demand. Prices are higher all around. Total sales, $6 $40 . O0O
 Total sales of stocks today 74.1OO shares, including $500 Atchison, preferred; 56l8 Baltimore and Ohio; .899 Chesapeake and Ol16o; 2S,7o6 Burlington; 5,67S Cleveland, Cincinnati, Chicago and St Louis; S6. 4O6 Louisville and Nashville; 3.96O Hawaifan SS6 Reading, preferred; APO Missouri Pacific; 4775 Missouri, Kansas and Texas, preferred; $40 New Jersey Central; 26, 15O Northern Pacific: 3233 Northern Pacific, preferred; 3.091 Oregon Short Line; $500 Reading: 6.64O Rock Island; 300 St. Paul; 3.6S2 St. Paul and Omaha; 6,376 Southern, preferred; 3S,979 Union Pacific; 19,1S5 To- bacco; 5,565 Chicago Great Western S6, ,45O Peoples Gas; 19.558 Sugar; 4,319 Leather: 6,A5 Leather. preferred; 3.ssO Western Union.
 Money on call easy at 1902 per cent; last loan, 1A per cent.
 Prime mercantile paper, 3@4 per cent.
 Sterling exchange steady, with actual business in bankers bills at $4.s4ss for de- mand and at $4s2h for sixty days.
 Posted rates, $4.S304. .S31a and $4s5lkGl4 s6
 Commercial bills, $4.S11s@4S2
 Silver certificates, 56% @51%.
 Bar silver, 56h.
 Mexican dollars, 45k.
 Government bonds strong.