The age-herald., 1899-08-19
STOCK MARKET WAS ACTIVE AND STRONG Some Recent Leaders Lost Part of Their Earlier Gain. NEW YORK MONEY IS EASY Prices in Bonds Were Generally Higher With the Total Sales at Par Value Amounting
 to $3,755
NEW YORK MONEY IS EASY

New York, August 19-Todays stock market was active and strong, the dealings were remarkably well distributed and the strength was more generally diffused than at any time during the week. There was an evident accession of outside interest in the market in the shape of orders through commission houaes, as was to be expected on the sharp rise of the last few days. Prices were pretty well marked up, as the selling to realize was quite a liberal scale after the opening hour. The offer ings were we'll absorbed, however, at small expense to values, the. market being sus- tained meanwhile by the notable upward movement of some usually obscure stocks. After this realization had been digested there was breathing spell and prices then mounted to the best of the day.
 In the late afternoon, however the bur den of realizing oyercame the market and prices yielded all around. number of the recent leaders lost practically all of their earlier gains, notably the Baltimore and Ohio stocks, Southern and Central Pacific and Southern Railway preferred, which rose early from l to ? points. The hign- priced spcctaIties and the stocks of local corporations were subjected to renewed bear pressure and showed notable declines, especially Tobacco and Consolidated Gas, which declined 213 and points, respective ly.. fraction was knocked off prices all through the list, and the net gains in the general list were brought belnow point A very substantial rise in prices remains nevertheless, gains being quite generally dlffused throughout the list.
 The Grangers and Pacihcs, Southweste-n the coalers and number of soft coal roads
 
 point Louisville continued to be taken on a very large scale and was pushed up at one time to SA. Southern Railway, pre- ferred, declined realizing with the pub lication of the dividend announcement and the statement of the finances for the year. Minneapolis and St. Louis made brilliant advance of 65s; the second, preferred. ris- ing 2ts. Iowa Central, preferred. the Evansville and Terre Haute stocks, the New Hooking Valley stocks, Hooking Coal Ind Illinois Central were some of unusually Inactive stocks which gained notably from
 to 3&. The iron and steel stocks Jagged throughout except Tennessee Coal which moved upwards to near the high point.
 Late realizing was in part due to re- Julsion in the recent confidence over the money market outlook in spite of the fact That call money worked lower today. The known movement of money for the week indicated a net loss in cash to the banks of . cash is now generally attributed to some special operation and some anxiety Is felt lest the hidden causes which drained the cash account of the banks on previous weeks may have been at work again. The ease of money in New York continues to be due to offerings of outside funds Lon don bought stocks in this market today and the fact that the London exchange would be closed tomorrow had some influence on late reaction in prices here. The market closed rather heavy with only a few stocks marked up a fraction in the final dealings.
 There was very large demand for Southern Pacific fours at or above 34. The Southwestern, mortgages as rule were strong and prices generally are higher. Total sales par value 8, TBS, 900.
 United States old Is coupon declined IT in the bid price.
 New York, August 1s.-Money on call steady at 21s6e3 per cent; last loan 2A; prime mercantile paper 4Hq5 per cent: sterling exchange steady with actual busi- ness in bankers bills at 4S6kGl4 ss1a for de- mand and 4.S2si Gl4S3 for sixty days; posted rates 4.S3iaGAS4, and 4.S7@4S719; commer- cial bills 4.S15e6l4.S1A. Silver certificates 6Oi9@61h; bar silver GOA; Mexican dollars 4S
 Government bonds easier, state bonds inactive, railroad bonds strong.
 By Private Wire to Talbott & Palmer.