The age-herald., 1899-07-06
STOCK MARKET
 NOTABLY STRONG
Much More Active Than Last Weeks Upward Movement.
RUIN OF THE WHEAT CROP
Rise in Sugar Extended to Nearly Five Points, and Other Specialties Rose Strongly-The Total Sales of
 Bonds Were $3,39o,ooo

New York, July 1.-The market for stocks continued notably strong today, and much more active than the upward move ment of last week. The activity was very widely distributed, extending pretty gen. orally throughout the list and during the course of the day extending even to some of the "cats and dogs the list. The general strength of the market was main- tained in face of a realizing movement in the stocks that were most conspicuous in last weeks rise, notably Pennsylvania, New York Central and the Vanderbilt group generally, including Northwestern, Omaha and the Union Pacific stocks.
 There was no very heavy pressure of H. quidation in these stocks, but there was no effort to follow up their prices, and a num- Der of them show losses of point or over, on the early belief in the ruin of the wheat crop, which is understood to be very large, and no small part of the present strength of the Changers is attributed to the cover ing Of these shorts. Atchison preferred was very markedly affected in the same way, and rose to G0ss. Rock Island Jagged in the movement on the disappointing May statement. Other railroad stocks showing conspicuous strength were Illinois Central,
  cfic and Erie first preferred. The strength of these was on buying for London account. Mexican Central was in large demand, and late in the day the Coalers rose from 1 to 1A. Bears who had sold Brooklyn Transit in expectation of a Fourth of July strike were eager buyers to cover short contracts and advanced the stock at time nearly points, The rise in Sugar extended to nearly points. Other specialties which rose strongly were the Tobacco stocks, Steel and Wire, Tennessee Coal, Peoples Gas, International Paper and Anaconda
 There was some hesitation in the early trading on account of the failure of the money market to ease off, as 1t was ex- pected to do under the July disbursement on interest and dividends, but later in the day call money fell to per cent. It is now admitted that the recent gold exports have been directly due to borrowing for the purpose of easing the German money market, which was in urgent need of it to carry over the half yearly period. The London Statist estimates that the terms upon which money has been borrowed in New York for Berlin account have been equivalent to a rate of to 612 per cent for a small portion of the money that mar ket required ito tide over the pressure Money is now expected to flow back to Berlin on account of recent speculative liquidation, and the critical period there is believed to be over. Discounts in foreign markets were easy today
 There was a large demand for the Erie general mortgage bonds, and the St i.oEis Southwestern seconds. The Erie boras gained 11s, and the St. Louis South western points on the day. There was a good business elsewhere and prices ad- vanca< fraction. Total sales, par value, S3,590 9et. United States old 4s regular ad- vanoed 5sin the bid price.
 New York. July 5.-The total sales of stocks today amounted to 636 TAG shares in- cludiEg. American Steel and Wire, 26,600 Amer Can Sugar Refining, $500; American Tobacco, 6,S00; Anaconda, 7100; Atchison preferred, 3S,e0o; Brooklyn Transit, 97,SQ0; Chesapeake and Ohio, 5000; Burlington, 27,S00; Continental Tobacco, Ia, 100; Federal Steel, Il ,400; Louisville and Nashville, 9,2OO; Manhattan Consolidated, 1O100; Mexican Central. S100; Missouri Pacific, II 800; New ,t York Central, 9,100; Northern Pacific, 13, ,400 tpntaric and Western, 5,S00; Pennsylvania, 2ts40O; Peoples Gas of Chicago, 16, AGO; Read ing FEst preferred, 14,OO0; RosnsIsland, 29,- 800; st. "a -.5l-1 southern Railway pre- ferreSd, 4,O0; Tennessee Coal and Iron, 12.- sCo; fUnion Pacific, 2a,loO; do. preferred, lO,- New York, July 5.-Money on call firm at e per cent; last loan, 2 per cent
 Prime mercantile paper, 3A6t4 per cent.
 Sterling exchange steady, with actual | business in bankers bills at $4S7A@4.S71a for demand, and $4.S5AQ4.S5k for sixty Adays.
 I Posted rates, sI.S6@4.S7 and s4.SS1b and sA.S9.
 iCommercial bills, $4.Slk.
 tSilver certificates, G0G61.
 Bar silver, 60B.
 Mexican dollars, 4S15.
 Government bonds, firm.
 Stake bonds, steady.
 RailHoad bonds, strong.