The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1898-12-29

New York. December 2S.-Contrary to the
course of the stock market for some weeks
prices showed pronounced decline on the
days trading, and this was opposed to me
tendency abroad, London having bought
some Is 900 shares on balance The volume
of business was large, although not up to
yesterdays record breaking figures The
greater part of the business today was dur
ing the morning rise, while the afternoon
decline was also accompanied by a burst
e.f animation. There was no change in the
aavorable tenor of the news market-wise
except that the Vanderbilt reports were not
considered up to bullish expectations The
regular dividends were declared on Wander
bilt stocks and American Tobacco. Traffic
reports were generally gratifying. Burling-
tons surplus for November increased near
ly 1898, 600; New Jersey Centrars November
net earnings increased over $61 900, while the
net increase for Northern Pacific for five
months was over $S93,OOO. While stocks
were strong at the opening, New York
prices We're not up to those of London,
where Americans were buoyant. Interna-
tional Paper, General Electric and some
other industrials made new high price rec
ords. The grangers and coalerS were strong
The advance in the latter stocks, a great
perhaps explained by a subsequent an
nouncement that anthracite prices had been
ordered advanced at Buffalo and Chicago
It became evident that there had been large
realizing sales on yesterdays and today'S
bulges in prices, and traders attacked the
general list with considerable success
Prices rallied somewhat from the lowest,
but sharp furry in call money, which
for time advanced to per cent, although
subsequently it eased off to about yester-
days quotations, gave the bears an oppor-
tunity to effect marked declines in prices,
but the securities sold were readily abb
Sorbed. Sugar was weak owing to the trade
situation in the early dealings, when the
res of the list was strong, and al the close
was an exception to the general weakness.
Pittsburg, c. c & ST. l.. was strong on the
idea that the Pennsylvania system was to
be unified in a manner similar to that in
progress in the Vanderbilts. An incident of
the speculation at the outset was the ap-
parent subsistence of interest in Federal
Steel Transactions were in small amount
and In marked contrast to yesterdays enor-
nous dealings at the opening. The stock
soon manifested weakness, and late in the
day assumed prominence in the reaction, Of
ferings being on large scale.
Inc BOND market was irregular in SCOTS
but active issues suffered somewhat in the
late transactions Total sales, IS 46O 900.
United States old As coupon advanced " in
the bid price.
Total sales stocks today, 81, 200 shares, in
GLIDING 7,145 Atchison, 25,130 Atchison pre-
ferred 1850 Chicago, Burlington and
Quincy, 5,725 Illinois Central, TO- 500 Louis
Vile and Nashville, 23,O10 Reading preferr-
ed, 1920 Missouri Pacific, 26320 Northern
Pacific, 1920 Northern Pacific preferred
1920 Reading, 26070 Rock Island, SO, 72O st.
Paul, 6,52O Southern preferred, 9,720 Tobac-
co, 44O2O Steel, 62,s24 Pacific Mail, 5000 Su-
gar, 11,50O Tennessee Coal and Iron, II $40
Tennessee Coal and Iron preferred.
Money on call firmer, at 2Ac46 per cent;
last loan, 21sc prime mercantile paper,
8Ao; sterling exchange steady, with actual
business in bankers bills at $4.34A@D4. 341k for
demand and at AS1%G4S2 for sixty days
posted rates, $4S21a@4.S51a; commercial bills,
4.S0%@4.s1A; silver certificates, 591s@6O1ac
bar silver 591sc; Mexican dollars 465sc
Government bonds firner.
State bonds strong.
Railroad bonds irregular