The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1898-05-03
In WAL stree


New York, May 2-Wall street saw day
of speculative activity and Juror which has
not been equalled before this year. When
the market opened the infuntial bull OPP
orators who bought stock last week in an
ticipation of United States victory in the
Philippines stood ready to take theirprohts
Commodore Dewey's victory had brought
large orders to the commission houses to
buy STICK, and the eoterie met this outside
demand by bidding up prices at the open
ing, effecting a jump of SIS in Sugar and
about points in Burlington and ST. Paul.
Their heavy selling to realize in these
stocks caused a reaction all through the
market. The meagre accounts confirma-
tory of the naval victory and the fact that
it was a holiday on the London exchange
helped the reaction in the first hour. But
as additional scraps of information came to
hand there grew up a better feeling. The
volume of outside orders from all over the
country showed a large increase as the day
progressed and the demand was SO active
and confident that the effect of the early
reaction was entirely overcome. Consoli-
dated Gas rose over points, Pullman 9ls
points ex-dividend and Lackawanna IL
points over Saturdays bid prices. Metro
politan and Pittsburg, c. c. d ST. l.. pre-
ferred gained points each and Oregon
Navigation preferred Az. Net gains other
wise are mostly found within a radius of
1 to 3 points The scramble to buy at the
openine. was terrific and simultaneous, and
prices varied from to points in sugar,
Burlington st. Paul and Manhattan. spec
ulatiys activity was at boiling point except
for a few intervals of comparative Guinness.
In the outside market Standard OIL liquidat-
ing calls were the feature at an advance OF
Is points.
The bond market leaped into activity
along with stocks, and showed notapie
strength. the speculative issues leading
Sc ahn
blocks of about $3.50 900 Northern Pacific and
Atchison As changed hands. Total sales,
BITE .O00
United States new AS coupon ex-dividend
advanced to 1872; do old As registered and
SIS coupon ex-dividend, " per cent. in the
bid price United States old As registered
on sales advanced ~ and the SIS coupon ex-
interest u per cent.
Total sales of stocks today 1900 shares,
including 1854 Atchison preferred, S,995
Chesapeake and Ohio, 45,621 Burlington, TO-
$50 Louisville and Nashville. 2O,470 Manhat-'
tan 12O Metropolitan, 1900 Reading pre-
ferred, 1883 Missouri Pacific. II ,450 New
York Central 24,52O Northern Pacific, 32.520
Northern Pacific preferred, $3.50 ROCK
Island 65 100 ST. Paul, 6.065 Southern pre-
ferred 81 2S0 Union Pacific preferred, 4,290
u P. d. & G., 54O0 Chicago Great Western,
4.ee5 General Electric, 4,416 Western Union.
Money on call steady at 2@3 per cent;
last loan aot per cent.
Prime mercantile paper at GOT per cent
Sterling exchange steady with actual bus
mess in bankers bills at $4S3A@4.S4 for de-
mand and at s4SO1k604.S1 for sixty days.
Posted rates, $4.S11s604S2 and $4.S0@4.S01k
Commercial bills. $3.50.
Silver certificates, 56RQ571sc.
Bar silver, 56ssc.
Mexican dollars, 45Ac.
Government bonds strong.
State bonds dull.
Railroad bonds strong.
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