The age-herald., 1899-01-27
In " all Street.

'-s " III 5tfees-
 New York, January 26-Stocks made sub stantial progress upward today till the clos ing dealings, when there was the usual profit taking, accompanied by vigorous sell ing for the short account, which sent prices down an average of about point but leav- ing fair gains for the day. Transactions were in excess of a million and half, being the second largest day in the history of the exchange. Expectations of an early set clement of the peace treaty and the firmness of Americans in London were important features in the markets strength. The un- rest in the Philippines was passed unno- ticed and had no appreciable effect on trading. The grangers made extreme ad- vances of from l to 2B, the latter in St. Paul on its showing of net increase for December of $336000. Northern Pacific and Union Pacific displayed strength, although the latter eaSed off considerably on intima- tions that the Vanderbilt deal was sus- pended for the present. Other railways dis playing especial strength were Reading and Southern preferred. Among the inac- tive shares St. Louis Southwestern prefer red and Minneapolis and St. Louis were features of strength, while Long Island rose
 
 first preferred advanced 5A and over points for the common and second prefer- red. Metropolitan continued its sensational advance or yesterday, Jumping 11a4 to 22OA, put in the nnal dealings reacted to 2171h Among the Flower stocks Brooklyn transit Feoples Gas and Federal Steel preferred at one time made notable gains. Sugar, glucose, rubber, Pacific Mail, and Tennes- see Coal and Iron were likewise strong fea- lures among the specialties. A number of low-priced stocks moved up sharply. The ease of money, which is the backbone of current high prices, is shown by the uuanti- ties of funds offered for long periods on ex- ceptionally easy terms. It was reported that money had been offered at per cent. for year, and that large sums were being received from all parts of the country in New York. Unemployed balances in con- siderable sums were loaned to representa- tives of foreign interests at about 2b Der cent Tor ninety days. Northern Pacific and Chesapeake and Ohio were purchased for London account, while other American se- curlties were traded in both ways A num- Der of commission houses did more business today than they had executed in many years. Their purchases kept the traders on the long side until the final dealings.
 The feature of the bond trading was the extensive demand for the middle grade is sues, which found a ready market at ad vancing prices. The general market was strong throughout with the demand em- bracing large variety of issues.
 Total sales S, 100000. United States eov ernment bonds are unchanged in bil prices. The total sales of stocks today were L. b63,S0o shares, including 24,45O Atchsen: 76. 92O Atchison preferred; 16,520 central Paci..S. 402oo Chesapeake and Ohio; 2O,620 Burling ton; 1S69l Big Four3 1O,47O Denver and Rio Grande preferred; 3,400 Illinois Central: 42 Ioo Louisville and Nashville; 22,175 Manhat- tan; 29,0o0 Metropolitan; 27 300 Reading pre- ferred; 22,9o0 Missouri Pacific; 21 2e9 New York Central; 79000 Northern Pacific: 37.7TO Northern Pacific preferred; 19S55 Ontario and Western 23, ,62o Rock Island; 19.9OO St Louis and Southwestern; 13,700 do second preferred; 33,42O Union Pacific; 544OO St. Paul; 7,600 Southern Pacific; 32 500 Southern Railway; 42,965 Southern Railway preferred: 4o33S Union Pacific preferred; 4842O Steel: b6,720 Steel preferred; 76,870 Peoples Gas; 36119 Brooklyn Traction; 23,95O Pacific Mail: 42420 Sugar; 42, 300 Tennessee Coal and Iron: 177OO Rubber: 1866 Chicago Great Western. Money on call, steady, at 2isdD3 per cent: last loan, per cent.
 Prime mercantile paper, 21b03 per cent
 Sterling exchange firmer with actual business in bankers bills at $4.S4ib6ls4 S49t for demand, and at s4.S2s4@s4sS for sixty days
 Posted rates, s4.Ssk and s4S51s.
 Commercial bills, $4.S2d$4S2b
 Silver certificates, nominal 59h@6Gi5.
 Bar silver, 59A.
 Mexican dollars, AT.
 Government bonds, steady.
 State bonds. Inactive.
 Railroad bonds, strong