The age-herald., 1899-06-27
PRICES TOOK A
 JUMP IN STOCKS Rush to Buy Spread Rapidly Through Railroad List STRENGTH IN INDUSTRIALS Movement in Vanderbilts Most Conspic- uous of the Day-Volume of Busi-
 ness in Bonds Small-To-
 tai Sales $1 ,8o4,ooo
STRENGTH IN INDUSTRIALS

New York, June 26.-The opening of the stock exchange this morning showed a jump in prices of something like rush to buy, which spread rapidly through the whole railroad fist In the course of time a number of industrials also showed strength. When this development became obvious the railroads paused in their ad- vance us though to shake off the influence of industrial stocks.
 Acute weakness in the local stocks, Steel and Wire, and the Tobacco stocks checked the advance. The railroads held firm for time, but today's over bullish enthusiasm had somewhat expended itself and the clos ing dealings showed a rather easy tone, with prices on the railroad sharply below the best.
 The movement in the Vanderbilt stocks was by far the most conspicuous of the day and was of course based on the report ed lease of the Boston and Albany by the New York Central for a term of ninety nine years. The notifications of the Van derbilt properties are so vast and the pos abilities of consolidation so important that a movement in these stocks is always cef- tain to have a stimulating effect on the whole railroad list, and for the same req son the Vanderbilt group is very likely to be picked out for manipulation by opera tors for a rise.
 As the floating supply of these stocks is not large such manipulation is not so ditfi- cult as it might seem. New York Central was at one time today up 3 points, but it lost one point the failure of official con- f1rmation or even admission of the correct ness of the Boston & Albany report. This, together with further engagements on gold for export was their bugaboos.
 Chicago and Northwestern; Omaha, Union Pacific and the Oregon short line se- curitieS all responded sharply in sympathy with New York Centrafs strength. The weakness of the New York traction stocks today was due to rumors of approaching labor troubles.
 Sugar and a few other specialties show ed early strength, but the industrials with few exceptions yielded before the close. Good reports of current railroad earnings especially in the west and south were fac tors in the strength of railroads. Decreases in operating expenses of southwestern railroads was a feature of the May state ments received, the May income of Atchi- son being increased largely by this means, to the extent of over $5OO,000 St. Paul s May statement on the other hand showed the gross increases more than swallowed up by the enlarged operating expenses.
 Railroad bonds were firmer, but the volume of business continued small. Total sales par value $1,S94,GOO U. S. 3's coupon advanced A in the bid price. e
 Money on call frmer at 2AQ4 per cent; last loan, per cent
 Prime mercantile paper, 3Q3a4 per cent
 Sterling exchange easier with actual bus mess in bankers bills at $4S7204.SS for de- mand, and at S4.S5&G14.S6 for sixty days
 Posted rates, A.S6k@4S7 and $4.S9.
 Commercial bills, $4S5h.
 Silver certificates, 6012Q62.
 Bar silver, G0A.
 Mexican dollars, 4SR
 Government bonds firmer.
 State bonds inactive.
 Railroad bonds frmer.