The age-herald., 1899-02-21
TOBACCO TAKES
 AN UPWARD SHOOT
Was the Sensational Feature
 Among the Industries.
ADVANCE IN ALL THE LINES
In the Final Hour Realization Set in. Which Caused Some Declines of Note-Bond Market
 Showed Strength.

New York, February 20.-The active stock specialtes generally made large advances today while the railways gained from to points. A strong tone prevailed prac- tically all day with strength radiating from one group of stocks to another.
 The movement started in the grangers and standard stocks and next the Pacltlcs advanced. Interest then switched into the Flower group and the Southwesterns sue- cessively and then into the industrials, with Sugar and Tobacco leading the rise. Cen tral and Southern Pacific were weak in the forenoon prior to tho publication of the reorgan zation plan of the former road and subsequently, rallied but feebly.
 London opened slightly below parity and on the rise here sold about 3s,00o shares and subsequently, purchased about s,vo0 shares. Among the grangers, St. Paul made an ex- treme gain or 112. oeiog sold by Loadon and purchased by western houses. Burlington rose a point and then dropped 2h, closing about the lowest.
 The news that tho syndicate had secured a maJoricy of the Chicago and Alton stock beaefited the Southwestern group, including Texas Taclnc, NISsour1 paciac and hansaS and Texas prerecred over Z points each. onon PaciTc followed with q rlSs Of over 4points. Atchison preferred was about tho strongest stock anAoag tns railways, mak- Ing alI extreme riss Of s14 on favorable fore casts of the Forthcoming January state- nleat Of net earnings.
 Among the local traffic shares pronounced strength appe&red. Hetropoaltan making an extreme auvancs or 5A. Brooklyn Trxnsit 5a and Manhattan 3E. The movement in the latter was considsred a twisting Of ,As short interests. Southern Railway pre- ferred and Louisville were tho strongest spets among the southwestern railways, all though the latter showed a decrease in tho earnings for the second week in February.
 Tobacco was the sensational feature among the industrials, adding to it's recent rise 151. points, Many conflicting rumors all lacking confirmation, were disseminated concerning the continued rise in Tobacco. There are some in the street who appear to believe that it is move against the short interest. part of which was formed on tho breaking up of the pool in the stock sono time ago and another short interest moro recently formed in expectation of a violation trade to follow. Sugar became. active again and rose GA points, to I01k the top price recorded for the day. This move was in spite of rival company mak- ing cut in their price of the refined arti- cle.
 In the final hour realfzations appeared in many stocks, which caused some declines of note, but the general market displayed a raliylfng tendency at the end. Tho dealings which were considerably in excess of a mill lion shares were the largest that have talk en place in some weeks, with commission houses reporting a good volume of out-of- town buying.
 Tho bond market shared in general show of strength today. but the ris> were generally of the merest fraction. Consid- erable activity was noted with the inquiry, as of late, in the semi-speculative grades Total sales. s5,50e,e0o. Government bonds were unchanged in bid quotations.
 Money on call steady at 202h per cent, last loan 2R per cent.
 Prime mercantile paper, 2%6f3A per cent.
 Sterling exchange steady with actual business in bankers bills at $4S66s4 86A for demand and at $.s4GS4.3414 for sixty days.
 Posted rates. .t1sGe4 4S51s and s4.S7.
 Commercial bills, AS3ds4. S315
 Silver certificates, nominally 591k@60c.
 Bar silver 6oNc
 Mexican dollars, 47Hc.
 Government bonds steady
 State bonds inactive.
 Railroad bonds strong.