The age-herald., 1899-08-18
MORE ACTIVITY
 IN STOCK MARKET Majority of InduStriaIs LiStIess
 and Heavy. LONDON MONEY EASIER Changes in Bonds Were Small and Mixed, With Total Sales at Par
 Value Amounting to
 $1,947,ooo
LONDON MONEY EASIER

New York, August 1.-The stock market showed greatly increased activity and strength today. The strength was some what better diffused than has recently been the case, but the heaviest demand was still confined to a small number of stocks The majority of the industrial stocks were Hstless and heavy. This was notably the case with iron and steel stocks except for Tennessee Coal which has gained points of its decline. The bears were disposed to continue the contest early in the day and handled the tobacco stocks and sugar rather severely, but even in these the bear campaign showed convincing evidence of exhaustion before the day was over Sugar ruled above last nights level during the latter part of the day and closed with a net gain of 1M. American Tobacco re- trieved it's earlier losses and Brooklyn Rapid Transit, though rather feverish at times, was higher all day.
 The characteristic movement of the day was in the railroads. The southern group and the Southern and Central Pacific stocks continued to be the center of strength with some additions to the former group over those which moved upwards yesterday. Louisville was the leader and rose a one time nearly points, it's close being a smal fraction below that. South ern railway preferred continued strong. but Chesapeake and Ohio Jagged The Balti- more and Ohio stock c9me vigorously for ward into the movement the common ris- ing an extreme 9 points and the preferred 2l2 with subsequent fractional reaction. Norfolk and Western, preferred, and Mo-
 
 The buying of Southern Pacific was very large and evidently by a powerful con eerted movement. The stock rose 21a and Central Pacific gained points, There was an isolated movement in the Cleveland, Cincinnati, Chicago and St. Louis stock, the preferred rising points to par with subsequent reaction If 21a. the common ris- ing 1ss and losing the fraction. Railroad stocks generally are higher, the gains reaching @ point in only few cases. The Changers, Atehison preferred and Pennsyl- vania were conspicuous. Northwestern gained 2a.
 The leading cause of he more cheerful feeling regarding the values Of securities was the easier condition of the London money market as disclosed by the weekly statement of the Bank of England 'The rate for money fell apprecably in London today, bat still rules above the bank of rate. The bank continued to buy gold to- day and to import from Germany and the probability is that if the private discount rate should fall below the bank rate that institution would again borrow from the market in order to stifen rates; but the sentimental effect upon the New York stock market was very marked as in creased confidence was felt that gold might be withdrawn from London to New York in case of higher money rate without up- setting the foreign stock market. Tine large increase in k5t. Paul's earnings for the second week in August in spite of fall ing off of the grain movement was an en- couraging factor
 The bond market did not share in the increased activity of stocks and changes were small and mixed. Total sales par value $1,g47000. United States old Is cou- pon advanced Ii and the 5s 1s in the bid price.
 New York. August 17.-Money on call steady at 21sd3 per cent; last loan at 2A per cent.
 Prime mercantile paper 4A15 per cent.
 Sterling exchange steady with actual business in bankers bills at $4.S6Ada S9la for demand, and at S4.S2A0 04.S3 for sixty days.
 Posted rates. $4.S31kd4S4 and $i.STd4.S71s.
 Commercial bills, $4.S2@4.S S212.
 Silver certificates, 601246ll9.
 Bar silver, CO.'S.
 Mexican dollars, AS.
 Government bonds strong.
 State bonds inactive.
 Railroad bonds irregular.
 n, I~i,, to Fab c. Do