The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-02-02
SHARP ADVANCES
In SPEGIALTIES
Interesting and Exciting Day in
Wall Street.
STOCK OF MOBILE AND OHIO
Went up Two Points During the Hours
of Trading-London Seller
on Balance of About
$4,000 Shares.

New York, February MANY specialties
made sharp advances today, while the
changes in the railways were rather mixed.
Interest centered largely in low-priced
stocks, as is shown by the dealings of $4,000
shares in Texas Pacific and 10000 shares in
Denver and Rio Grande, which made ex-
IRENE advances of 2 points each. Atchison
preferred, which of late has been bear
target. made an advance of about points
on transactions of 100000 shares
Among the other strong stocks were c.,
c., C. & st. L., DesMones and Fort Dodge,
Manhattan, Mobile and Ohio, Lake Erie
and Western and Twin City Rapid Transit,
which made average advances of points
aside from the last mentioned, which rose
points and lost half of it. New York New
Haven and Hartford advanced six points,
and New York Air Brake. after an initial
break of points, rose g.
London was selleison a balance of about
$4,000 shares, but was purchaser in the
late dealings. The market locally opened
lower under bear pressure and commission.
house realiations. The reaction reached a
point in only few shares, which embraced
some of the speeialties Louisville, New
Jersey Central and Pittsburg c. C. &, st. T..
The decline in standard stocks was checked
after fractional recessions on the appear
ance of buying orders, which caused a re-
newcd advance. and standard stocks rallied
about to yesterdays close. Sugar was at
tackled, thus checking the rise elsewhere.
Finally, after feverish fluctuations, Sugar
ended with small gain. The reported gold
development in Colorado lent strength to
Denver and Rio Grande, and its semi-an-
nual statement was also a supporting fac
tor, Manhattan'S rise obo ly o5
vance information of the contracts revived
Tor electrical equipment. The bears, IS
usual, sought to bring about a reaction in
the last hour but the offerings were well
taken, and as soon as the pressure was re-
moved the market closed firm.
The st. Paul weekly statement of gross
earnings, which often, according as they are
more or less favorable, have distinct ef-
feet upon the market did not appear today
and it was said that they would be given
out Saturday.
The bond market maintained a steady
tone throughout, with exceptional strength
in Texas Pacific seconds New Haven de-
bentures and Wisconsin Central firsts The
latter rose IL to 68A, but receded to s..
Total sales, 6,925, 600, U. S. As coupon adj
vanced Il in the bid price.
Money on call steady at 21a and 3 per cent,
last loan 8. Prime mercantile paper 2A@
314 per cent Sterling exchange strong with
actual business business in bankers bills
at $4.S5A@4.S51a for demand and $4.S3@4 1914
for sixty days; posted rates, $4.Si44S6; COM
mercial bills, s4.S204.S215. Silver certificates
nominal 5912@601zc; bar silver, 595sc; Mex
lean dollars, 471sc. Government bonds
strong; state bonds inactive; railroad bonds
strong.
The total sales of stock today were S72,S00
shares, including 27,420 Atchison, 99,620 do
preferred, $500 Central Pacific, 1850 c.. e
O.. 1850 Burlington, 1874 Big -Four, 1520
Denver & Rio Grande, 1920 do preferred,
1850 Missouri Pacific, 6,12O Mobile & Ohio,
7,42O New York Central, 14,70O North Amer
lean, 3,905 Northern Pacific. 6,710 do pre-
ferred, sc, 200 Texas &s Pacific, 4e40 Wabash
preferred, 1855 Cotton Oil, $500 Tobacco,
IA 02O Steel is, 920 do preferred, 6,S25 Console
dated Gas, $50 Brooklyn Transit 10 $40 Pa
cific Mail, 40 020 Sugar, 5000 Tennessee Coal
and Iron, 5,125 Rubber, 1920 Chicago G. W.,
1918 Steel preferred.
BY Private Wire to Paine, Murphy & Co.