The age-herald., 1899-01-20
In " all Streer

New York, January 19.-The stock market was strong and active all day. except for realizing movement around delivery hour when prices receded about point in many stocks, but toward the close picked up sharply and the closing was strong, with material net gains in all the leading shares. The volume of business was above the mil lion share mark and London after being seller for long time today reversed her position and purchased about 5000 shares. Following the example of the imperial bank of Germany, the Bank of England reduced it's rate of discount. A continuance of easy money conditions here was another factor in the confidence shown today. The Gran gers made new high record prices for the current movement, and the average price of active shares was also the highest. The strong London tone encouraged a high opening here and as there was a large ac- ton of buying orders over night the short interests were compelled to retreat in many stocks. There was heavy realizing at the advance, but the stocks sold were well taken and the market broadened out. The greatest activity and strength was shown by Manhattan, Burlington and St. Paul. Sugar, Atchison, preferred, Reading first preferred and Northern and Union Pacifies The advance in sugar was credited to a rounding up of the shorts.
 The advance in Burlington seemed to be accepted as meaning that something was under consideration in regard to a refund- ing scheme, although negotia ations under way were said to apply to the issue of only small amount of bonds. The interests concerned were non-commttal and there was definite development one way or the other. The advance in Manhattan was &C., companied by a story connecting the name ofa large outside interest as largely to take part in financing and electrically equipping the road, but the denials of this were em- phatic as hitherto The increase in the Omaha dividend of 11a per cent. seemed to have been discounted as the stock was in- active after the announcement and then dipped in sympathy with the realizing movement in the rest of the market Fa- vorable earnings for the second week in January lent strength to Louisville. Lake Erie and Western stocks advanced on cov- ering by both interests. The preferred ad- vanced 51Ac and the common 25sc on the dissemination of rumors of a deal with the Big Four The rumor of the prospective re- tirement of the Minneapolis, St. Louis first preferred stock are said in advance of the second preferred stock over points, There was an advance in most of the Gould prop- critics. some of which have been inactive of late, Manhattan rising 4a4c and Missouri Pacific points, Among the investment stocks New York Central rose a point and a half. There was considerable liuuidafion in Kansas, Pittsburg and Gulf stocks and bonds.
 The bond market showed relatively more activity than the stock speculation. Marked advances were scored all around, with the undertone aggressively strong. United states 5s registered advanced A in the hid price.
 New York, January 19.-The total sales of stocks today were O7O, 300 shares. including 33,S20 Atchison; 75,0OO do preferred; 15.56O Central Pacific; 54,000 Burlington; 61 ,75o Illi- nois Central; 36,620 Louisville and Nashville: 44,S5O Manhattan; 33,600 Reading preferred: 1900 Missouri Pacihcf; 534 400 Northern Pa ellie; 43,950 do preferred; 40 S20 Rock Island: 1000 Union Pacifific; 46,075 do preferred; IS, 20 Southern Railway; 13,S20 do preferred; 6S,62O Sugar; 31, ,22O Tennessee Coal and Iron
 New York, January 19.-Money on call steady at 2Q3 per cent; last loan g.
 Prime mercantile paper, 3@3A per cent
 Sterling exchange firm, with actual busi- ness in bankers bills at $4Sis4GQ4S5 for de- mand and at s4.S224q4SS for sixty days
 Posted rates, S4.83Q4.S91a and $4S51a
 Commercial bills, $4.82a4. .S2lt
 Silver certificates 591aQ60.
 Silver certificates, 591sQ601a.
 Bar silver, 595s.
 Mexican dollars, AIS.
 Government bonds, firm.
 State bonds, inactive.
 Railroad bonds, firm.