The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-01-31
PRICES OF STOCKS
WERE VARIABLE
The Market Left Off Firm With
Mixed Changes.
TENNESSEE COMPANY STOCK
Made a Sensational Advance of 1O-Su-
gar Was Actively Traded In on.
Some Rumor of Agreement
With Glucose Company.

New York, January 30.-The movement in
stock prices today was extremely variable
and after alternate strength and depression
the market left off firm, with mixed changes
averaging above Saturdays final quota
tiens. The supply of money continued
abundant at reasonable rates and was un-
affected by February dividend and interest
requirements.
Gold to the amount of $575, 900 was engaged
for import and cable adviees were that
three and half million dollars of gold
has been purchased in London for America.
The periodical earnings reports that APP
peared were gratifying. The volume of bu-
siness was again over a million shares and
because of the continued activity of the
market a number of commission houses
now work employees in shifts.
London was purchaser ON Balance today,
particularly of Northern Pacific and Read
ings, and sold Union Pacific and Louisyilles.
There was considerable shifting of commits
sion house accounts from one stock to an
other with a preponderance of buying or
ders which for time more than offset the
attacks OF the reactionists
Sugar was actively traded in and lifted
on some rumored arrangement with the
Glucose sugar refining company. At the
same time there were denials from various
sources of a prospective agreement with
local rival companies.
Disclosures made by the Pittsburg, Cleve-
land Cincinnati, Chicago and St. Louis mi
nority interests were continued as favora-
bic and resulted in sharp advance in the
stock part of which was lost on realizing.
Gossip had it that the Northern Pacific was
in line for increased dividend. Unconfirmed
stories of the Likelihood of the resignation
of the president of the Cleveland, Cincn-
natl and Chicago weakened that stock.
Other sensational advances were those of
Tennessee Coal and Iron preferred, 10;
Great Northern preferred, IA, and Coal
Fuel, 5.
Realization and renewed bear aggression
brought about heaviness, but strength in
the specialties and the southwestern group
steadied the market, which resumed its up
ward course. The grangers, after periods
of inactivity, rose moderately Western
Union and Reading issues were also lifted.
Proft-taking again encouraged a smart
raid on values, effecting numerous declines.
General recoveries ensued in the final deal
ings and the market closed firm.
The bond market developed considera bic
Regularity today. Total sales were Sc, 1885,
900. United States 5s registered declined "A
and United States coupon Il in the bid
price.
Total sales stocks today 1,14O,G00 shares,
including 1856 Atchison, $500 Atchison pre-
ferred, $500 Central Pacific, $40 Chesa-
peake and Ohio, 1890 Burlington, 90 2l5
Louisville and Nashville. 1895 Manhattan,
1910 Reading preferred, H. 900 Missouri Pa
cific, 5000 Missouri, Kansas and Texas, 81
$50 Missouri, Kansas and Texas, preferred,
1886 Northern Pacific, 9,675 Northern Pa
cific preferred, 26.405 st. Louis Southwest
ern, 1880 Union Pacific, SO, AT st. Paul, H.
$50 Southern Pacific, 1910 Southern Rail-
way, 2o.9S5 Southern Railway preferred, TO-
$50 Texas and Pacific, 49, 655 Union Pacific
preferred, $3.50 Western and Lake Erie, 27-
100 Cotton Oil, 81 120' Steel, $500 Steel pre-
ferred 1928 Peoples Gas, 10, 1903 Brooklyn
Transit, 20S93 Pacific Mail, 1920 Sugar, 49,
6l0 Tennessee Coal and Iron, 1922 St. Louis
Southwestern, 1865 Chicago Great Western.
Money on call steady at 2t5@3 per cent;
last loan per cent.
Prime mercantile paper, 2Hd3A per cent.
Sterling exchange firmer, with actual
business in bankers bills at s4.S5A for de-
mand and at s4.S2a494.S3 for slvty days
Posted rates, &S31A and .$4.S51a.
Commercial bills, s4.82.
Silver certificates nominal 59lkQ6O1hc
Bar silver, $3.50.
Mexican dollars, 47Sc.
Government bonds weak
State bonds inactive.
Railroad bonds irregular.