The age-herald., 1899-12-07
STOCK MARKT
 )I)}ll. zD
Big Break in the Prices of h.
 dustrialS.
EASING IN THE MONEY RATES
Railroad Stocks Almost Without Ex- ception Held Tenaceous1y to Their Prices-SugarD Decidedly Erratic
 Owing to Sitting of Directors

New York, December e.-The tone of the market for industrial securities showed a decided contrast. today to that of the rail- road securities.
 The break in prices of the industrials approached demoralization by the middle period of the afternoon. Meantime, the railroad stocks, almost without exception, held tenaciously to their prices. Late in the day the bears began to cover and wrought some very marked recoveries in the industrial list. At the same time. the roads which had been almost stagnant dis played some sign of animation and rose generally above yesterdays level. Net gains in a few railroads reached l point.
 The late recovery in stocks was coinci- dent with an easing in the call money rate to per cent. after ruling at to s per cent. earlier in the day. The banks were calling loans and the movement of the industrials suggested that they were an disfavor, not only with the speculative public, but with the money lenders, in- dustr1al collateral apparently being dis placed to a greater extent than other classes. The bears were very active and made bold onslaught on the industrial list, covering stop loss orders on a large scale Ihe easing of the money rate aroused the supposition that the banks had strength ened their position to a satisfactory extent promising some relief from the selling of loans. As it was evident that the short interest had been largely extended. the room traders turned to the bull side on the general theory. that the three days Geciine in prices had reached far enough. ;n shorts to cover and the demand from that source became rather urgent
 Quile number of the industriasl showed declines of S1s to points and the subse- quent rally brough them up from 11b to 5 points. Sugar was decidedly cratic owing to the sitting of the directors to act on the dividend After an early advance there was decided weakness and only momen- Iary check to the fall when the regular dividends were announced It fell off after wards to 149as and after rallying over 3 points eased off again closing at a net gain Of a small fraction. The. increase in the dividend rate on Atchison preferred though not entirely unexpected had a strengthen Ing influence on the railroad list. Some strength was imparted to the international stocks by the support accorded in the American department of the London mar ket. Continued large shipments of currency to the south and loss of over a million dollars by the banks to the sub-treasury on yesterdays sub-treasury operations are reported. Sterling exchange continues firm.
 There was little doing in railroad bonds and prices held about steady. Total sales par value $1S30,000; United States new As and old As advanced hc in the bid price.
 New York, December 5.-Money on call firm, but closed rather easier 36IS per cent; last loan, 3 per cent; ruling rate, per cent.
 Prime ntiIa 51LEiR
 Sterling exchange firm, with actual busi- ness in bankers bills s4.S61k64.S6a for de- mand and $4.S11AG4S1as for sixty days.
 Posted rates, $4S2A and s4.S714.
 Commercial bills, $4S064 S0%.
 Silver certificates, 5S1aq591a.
 Bar silver, 59.
 Mexican dollars, 47H.
 Government bonds strong.
 State bonds inactive.
 Railroad bonds steady.