The age-herald., 1899-01-19
h Wall Arrea.

Cotton Seed Meal-$i6.00.
 Tn Wal1 Stree-
 New York, January 1S-The stock mar ket except for an initial heaviness in sym New York closing yesterday. made practi- cal interrupted course upward. The gains were fractional in the general mar ket, while the grangers and minor special ties tmade substantial advances. Invest ment purchases were very heavy and large ly concentrated in the grangers. Early eff forts to cause continuance of yesterdays reaction lasted but a short time as there was no evidence of important liquidation and London sales of some 25,O00 shares were well absorbed. Commission house buying was renewed and the shorts were forced to cover in a number of stocks. The market was comparatively dull in the forenoon and then gradually increased in activity and strength up to the close. The feeling in London improved and there were some pur- chases of stock for that quarter. St. Pauls increase of $144,000 gross for the second week in January inspired more condolences in that group of stocks, and there was an increase of western orders to buy compared with those of the last day or two, which had diminished. The possibility that the Burlington might presently refund some of the bonds on a lower basis was discussed and Burlington rose over points. It was learned that no action was taken by the Burlington directors in Boston today. Oma- ha was strong in expectation Of the declar- ation of extra dividend at tomorrow's meet ing of the directors and Northwest because of the benefit which such action would ac- crue to it, advanced 31s points. There were various rumors as to what the dividend in Omaha would be- Some had 1t the regular dividend of per cent and an extra divi- dend of 1k per cent. Traders, seeing the support extended to the market, success fully bid up prices whenever opportunity offered. Sometimes it was Federal Steel, other times Sugar or Manhattan.
 In sugar the gossip was that an agree ment had been reached between the Ameri- can Sugar Refining company and one of its largest rivals to charge the same prices on all sugars at all points, and then 1t was pointedout as being apparently significant that some of the people interested in United States glucose were identical with men identified Uith the sugar. There were pur- chases of a number of low priced stocks, including Warbash. St. Louis Southwestern preferred, and Minneapolis and St. Louis. Among the inactive stocks which showed substantial improvements were Chicago Great Western first preferred "A and Norfolk and Western preferred Current rumor that Tennessee Coal and Iron was not negotiating for the sale of some of it's property, presumably some of its railroad holdings, was accompanied by marked strength in that stock. Manhattan open ed off, but rallied about point over last night. In respect to the rumor that the Vanderbits or Metropolitan interests had secured control of the company, avery large holder of the securities stated that the old management had not reduced their hold ings, and that the control was still in their hands. Central Pacific developed strength on reports that the reorganization plan was practically completed. Missouri Kansas and Texas, which showed a decrease in gross earnings for the second week in January of over $26,000 failed to sympa- thize in the strength displayed elsewhere Some of the strong features were Lake Erie<& Western preferred, Reading and New York Airbrake. The volume of busi- ness, while greater than that of yesterday, locked over 10000 of reaching the million share mark.
 There were a number of important move- ments In the bond trading today, conspicu- ous among which was a rise of Sh in Full ton Elevated 5's and four points in Burling- ton Convertibles. The general market show ed decided strength all around.
 Total sales, S, ,105, ,000. Government bonds closed unchanged for all issues.
 Total sales of stocks today, S45,lO shares, including Il. .S2O. Atchison; 57, ,72O, do prefer red; 32,720, Central Pacific; 94,42O BurIing- ton; 6,490, Louisville and Nashville; 2s,s2O, Manhattan; H520. Reading preferred; 7,4s5, Missouri Pacific; 1s,420, Northern Pacific 10, APO, do preferred; 34,420, Rock Island; I4- 700. Union Pacific; S9,5O0. St. Paul; s,9s2, Southern Pacific; 13,00O, Southern Railway; 5,220, do preferred; 7,730 Union Pacific pre- ferred; 2l,1So. Wabash preferred; 1920. To- bacco; 29S50, Steel; 9220, ePople's Gas; 55, ,24O Sugar; 1000, Tennessee Coal and Iron; 13,- 130. Leather preferred.
 Money on call steady at 2@21s per cent; last loan 2 per cent. Prime mercantile pa- per 3Q3h per cent. Sterling exchange firm CT, wit hactual business in bankers bills at 4s3@48s1A for demand, and at 4S2N04S3 for sixty days; posted rates 4.S3Q4.SS12 and 4.S51k; commercial bills 4.S11a. Silver certifi- cates 59laQ601ac; bar silver 59ssc; Mexican dollars 47ssc. Government bonds armer; state bonds stronger; railroad bonds stronger.