The age-herald., 1899-01-28
CHANGES WE'RE
 RATHER MIXED
Market Opened With HeSitancN
 But Closed Steady.
TENNESSEE COAL AND IRON
Moved Up 8 l-4-Aguinaldo's Proclama- tion of the Philippine Republic Precipitated Vigorous Bear
 Raid in the Afternoon.

New York, January 27.-The changes as result of today's trading were rather mixed, with gains predominating. The market opened with hestancy, but this was speedi- iy dissipated by an influx of buying orders and the market started up under the infiu- ence of strength in the low-priced special ties ad standard stocks. London was free seller on balance, the sales amounting to SO00O shares which encouraged the room traders to put out large short lines to check the rise.
 Commission houses had large volume of buying orders well distributed throughout the list which forced the bears to take back stocks after effecting only a slight relapse in the markets strength. Prices were forced up under the leadership of the Flower stocks, including Rock Island, Peoples Gas and Brooklyn Transit.
 The low-priced stocks were then taken in hand. Tennessee Coal and Iron moved up 3A, American Spirits, preferred 2; Wheeing and Lake Erie, preferred 41s, first preferred when issued 4, Pacific Mall 29s. and Indianapolis and Louisville pre- ferred 8.
 Among the specialties there were ad- vances of 2as in Rubber and 9 in Sugar. while Metropolitan moved within 2 points. There was an average rise of over a point in the Changers except Northwest. The largest rise in this group was that of Rock Island 1B. The ooalers, Morgan stocks and Cleveland, Cincinnati, Chicago and St. Louis were quiet Long Island jumped 5A and Norfolk and Western preferred. on large transactions advanced IF. The move in the latter was attributed to talk of an increase in the dividend rate. Lake Erie and Western, and Chicago Great Western preferred, "A" rose in the neighborhood of two points.
 The news accompanying the advance in- cluded the favorable report of the senate commerce committee on the steamship sub sidy bill. which benefited Pacific Mail an explanation that the new beet sugar com pany would not invade the American Sugar Refining companys territory and number of favorable traffic statements including the Southern Pacific and Southern Railway. Reading and Wabash December net changes, however, were decreases. The Lackawanna annual report showing a de- fict after dividends of over half a million dollars was without notable effect on the stock only one transaction appearing after the publication of the report. The denial of the rumored New York Centrals trans continental plans was responsible for early losses in Union Pacific which subsequently, rallied closing fract onaliy off for the day. In the late afternoon there was a vigorous bear raid which reduced prices from one to two points on news agency bulletins of Aguinaldo's proclamation of the Philip pine republic being established. The stocks offered were presently freely taken which caused steady tone to the close.
 Transactions were in excess of a million shares, as on other days this week.
 Considerable irregularity prevailed in the bond market with the active issues favoring a downward course. Total sales, s6, 215 900. Bid quotations for government bonds were unchanged.