The age-herald., 1899-01-26
h Wnli SIrea-

NeW fork, January 20-Ihere were gains of 10 to 11a points in stocks today on trans actions in excess of million shares which were widely distributed, many usually neg lected shares figuring in the total The market here opened hesitatingly in sympa- thy with the irregularity in London, which was a seller of some 20,O0O shares in the first hour. The effect of this selling was but slight, owing to the support given by leading interests. The professional element relieved the pressure which it had been ex- eEing the market and turned buyers. The commission business was in fair yol- ume and was disposed to follow advances wherever they occurred. London took back some of her earlier sales on noting the im- proved tendency here. Influences bearing on the situation were the gross earnings Tor the third week in January of St. Paul, Missouri Pacific and Canadian Pacific. There were number of interesting features in the market after the first hour. Metropolitan Street Railway started a sensational ad- vance, which eventually reached 1l12 points above last nights closing. Manhattan sym pathetically made an extreme gain of 3 points, These movements led to a revival Of rumors that the Ieiations of the two conn, panieS had been placed on d more harmoni- ouS basis. The impression in the street that, in spite of the denials progress is being made in the Vanderbilt plans for bringing the eollat teral parts of their sys- tenn into closer financial relations was part ly founded on the extensive and apparently solid character of the purchases of Wander bilt stocks. In this group extreme gains were made by New York Central Of 524; Northwest, SA, and c. C. x St. L., 7ls. Union Pacific preferred made a rise of SIS a1a fhn ratritr I5.af tta fl. n1la1 derbilt trans-eontinental deal, while Lake Erie and Western preferred was up 6l9 points on the idea that the road was being acquired by the New York Central The interest switched then into the w-priced shares, and rises of about points occur red in Rubber, Chesapeake and Ohio, Pa cific Mall, Canada Southern, Chicago Great Western "A" and Rio Grande and Western preferred, while the extreme advance in To- ledo and Ohio Central, Rio Grande and Western common and Tennessee Coal and Iron reached points. The strength of the Rubber stocks was on dividend gossip; that of Pacific Mall, on reports from Washingt ton to the disposition of congress to SubSi dize American shipping. Continued talk of the prospect of rehabilitating in the anthra- cite coal trade brought a rise of from to 21a in the coalers. The grangers likewise were up somewhat except in the case of Northwest, where the advance was larger on investment ana SpecuidllNS dUSOIplIOu because of increase in earnings. New York Airbrake bounded up points, and Twin City Rapid Transit, points. Large and confident purchases of c. c. c & St. L. and c. & o. encouraged the idea that oft-repeat- ed Big 4' deal was on foot again. The closing was firm and well up to the top figures.
 The bond market developed marked strength as the day progressed, and closed acliye at about>th the best. Total sales, $5,- 9G0 ,O00 Government bonds were unchanged on bid prices.
 The total sales of stocks today were l. 127 900 shares, including: 2931O Atchison, 122 100 do, preferred; 25711 Burlington, CLIO Illinois Central, 12,6 ,690 Louisville and Nash vile, 4OO0 Manhattan, 30,700 Reading pre- ferred, 313O6 Missouri Pacific, 32,30O New York Central, 15,350 Rock Island, 24,5O0 St. Paul, 3,14O Southern railway. $500 do prefer red, %, ,330 Union Pacific, 77,700 do preferred, 27,700 Sugar, 21 300 Tennessee Coal and Iron.
 Money on call was rather frmer at 212@3 per cent. Prime mercantile paper 21aQ3A per cent. Sterling exchange steady with actual business in bankers bills at $iS41a@ ASIA for demand and at $4.S21aQ4.S2% for sixty days posted rates $4.S312Q485R. Com mercial bills $4.S1i26l4.S2. Silver certificates nominal at 591kq60la bar silver 591s; Mex ican dollars 47ssc. Government bonds firm; state bonds strong; railroad bonds strong.