The age-herald., 1898-08-12
In w all Street.

New York Aug 11.-Today's business on the stock exchange was the largest for many months. The trading was very broad and comprehensive and the tone of specu- latfon extremely varied. The general un- dertone continued unmistakabiy strong. The decline in prices was not allowed to proceed to any great length before dull ness ensued and in a short time re- newed demand would carry prices upwards again, gradually on a much smaller vol ame of business than that on which they had declined. Business was so large and was widely distributed that the move ments of special stocks had little influence on the general list and the market at times showed excessive irregularity.
 Even while large realizing was going on st one point, an eager demand would spring up at another and keep the bal ance about even. Considering the large total of the days transactions, net changes are small. Orders placed with commission houses to buy stocks were larger this morning and more generally distributed than at any time since the rise set in. The outside demand was fed with steady stream of stocks which obliterated the op aning gain before the end of the first hour. large part of the oAtside orders espe- cially in the grangerS attributed to western account. This buying was in- duced by the unexpectedly favorable char acter of the government crop report Re alizing was a greater scale in Burlington and Rock Island than in the other grang CTS, possibly due to the comparatively less showing. The advance in Atchson pre- ferred brought out such a flood of offering that the demand seemed to be abandoned largely and turned to other low priced stocks. A number of preferred railroad stocks which have not yet come to the full dividend to which they are entitled and some of the junior stocks on which sur plus over preferred stock has been earned but not disbursed, were especially prom inent. Northern Pacific common was the leader in the late speculation at an advance of 2 points and Denver preferred rose to one time IF. The industrial specialties were irregular, moving up and down in an cratic manner. without regard to the gem eral course of prices. Sugar was at one time above 140, while Manhattan fell as low as 105 and was depressed all day. De- pression was manifest also at other points in the industrial list. Prices were not maintained at the best in any cases, but the railroads all showed good resistance to pressure and closed above the lowest. Net gains of consequence were shown in only few cases
 There was a heavy offering of bonds at times, especially of recently re-organized roads, a considerable part of the selling being attributed to foreign account. Total sales $4,320,0o0.
 United States new As coupon declined 4 and the 3s when issued advanced Ii in the bid price.
 Total sales of stocks today 545,600 shares; including 5,S07 Atchson 4,550 Atchison pre- ferred; S090 c. & O.; S2 TIP Burlington; g. S35 Louisville and Nashville; 8415 Kansas and Texas preferred; 5,7SS Southern prefer red; 3,150 Texas and Pacific; 19,4SO Union Pacific preferred 3,00O Cotton Oil: Il S90 To- bacco; 4a5l General Electric: 5,660 Pacific Mail; B, ,7S5 Sugar; 7,S00 Tennessee Coal and Iron: M, ,720 Leather preferred.
 Money on call firm at 11a@3 per cent; last loan, 2 per cent
 Prime mercantile paper, 3A@4A per cent.
 Sterling exchange steady, with actual busenss in bankers bills at $4.S5AQ4S51a for demand and at $4.SS$4@4.s4 for sixty days. -
 Posted rates. $4.Si1A@4.S5 and $4.s64iSsla.
 Commercial bills, $4.SSM.
 Silver certificates, 5S%@59la.
 Bar silver, 59A.
 Mexican dollars, 45%.
 Government bonds easier.
 State bonds dull.
 Railroad bonds firm.