The age-herald., 1899-01-21
sugar
|, Wal stree

New York, January 20.-A rush of belated investments today brought the total trans actions to over million and quarter shares, the largest of the present movement and next to the largest in the history of the exchange. The prices attained today were generally the highest in weeks, and the net gains were material in many shares, and fractional advances for the rest of the list. The London market was firm, and the public absorption of securities was large and confident in the local market. There was a period of realizing before noon, and short selling as well as realizing after de- livery hour, but prices picked up rapidly in the final dealings and the market ended very good in tone The buying of commits sion houses was liberal and extended to a great variety of shares. New York Central made an extreme rise of 59s, and gossip was revived of a closer deal with allied roads. Manhattan rose 55s and Metropolitan 39s, the possibility being discussed of these roads working harmoniously. Manhattan, however lost 2h of its earlier advantage. There were some substantial advances in American Steel and Wire, International pa- per, New York Air Brake, Sugar, Leather and Consolidated Gas. It was announced that Consolidated Gas has disposed of a large block of treasury stock, which had been hanging over the market. The Changers were up from fractionally to over a point, with St. Paul leading the group Missouri Pacific displayed considerable strength after a long period of comparative inactivity on the idea that the annual re- port, which will be published before long, may be favorable.
 An essential factor in sustaining prices was the calculation that the banks for the week will have gained $lO, 100000 in cash ex- cepting receipts by mai which figures were unobtainable. The banks gained s2.230, GOO by express remittances and $6 S27, 900 by sub treasury operations Moreover $1,15O,0oO gold imports will figure in tomorrows bank statement.
 The bond market developed exceptional activity, transactions footing up $9,365. .000. The course of prices was notably upward throughout, especial features of strength being Atchison adjustments, Erie generals and Manhattan consols. Many other less active issues registered material improve ments, Kansas and Texas 5s jumping points. United States 5s coupons advanced h in the bid price.
 Total sales stocks today were 1,250,000 shares, including 5223O Atchison; 100,220 Atchison preferred; 12,370 Canada Southern; II, $50 Burlington; 1S,900 Big Four; 10,S46 H. linois Central; 27,000 Louisville and Nash vile; 110,500 Manhattan 11,S20 Metropolitan; 1961O Reading 55,5Oo Missouri Pacific 4S.- 200 New York Central; 25,000 Northern Pa cific; 1000 Northern Pacific preferred; 2O,- 320 Rock Island; 29,S00 Union Pacific; 37, 800 St. Paul; 1850 Southern Pacific; 7,10O Southern; n,60O Southern preferred 51, 200 Union Pacific preferred; 16,455 Paper; 19,6s0 Tobacco; 25900 Steel; 45,O00 Brooklyn Rapid Transit; 3.900 Lead; 10,SO0 Pacific Mail; 6O,- 900 Sugar; 1850 Tennessee Coal and Iron; S.75O Leather 7,530 Leather preferred; 15,- GOO Western Union; 15.725 Chicago Great Western.
 Money on call firmer at 21a@3 per cent.
 Prime mercantile paper. 2%@3A per cent.
 Sterling exchange steady with actual bus mess in bankers bills at s4S4A@4.S5 for de- mand and at $4S2%94.S3 for sixty days.
 Posted rates, $4.S31z and s4s5K.
 Commercial bills, $4.S1hGiS2
 Silver certificates, 59H@eli
 Bar silver, 594sc.
 Mexican dollars, 471sc.
 Government bonds frmer.
 State bonds inactive
 Railroad bonds strong.