The age-herald., 1899-01-11
Tn w all Sure e-.


 New York, January 10.-Today was the fifth million shares day in fifteen years. Practically all the railroads except Atehi- son preferred showed gains of a point at one time another in the day. In the late selling movement when the specialties were hammered some of the advances were lost and in special cases as in Missouri Pa cific and Kansas and Texas preferred the entire gain was wiped out. Most of the grangers touched the highest prices yet reached in the current movement. The most conspicuous advances among the ral- ways were those of Great Northern pre- ferred, which made an extreme of 5A Man haitian over and Readings each. The extreme rise among the specialties was that of New York Air Brake, 10la, while Standard Distilling, Standard Ropes, Irvine and Bay State Gas were very strong. Sugar, Tobacco, Federal Steel, American Spirits and LaClede Gas lost grounds. There was tone of confidence at the realizing which In spots brought recessions, which, how ever, were generally quickly recovered The prices of most international stocks were shaded and it was estimated that London sold some 60,000 shares, mostly Atchison while there were some purchases from that quarter of Chesapeake and Ohio and South ern Railway. Altogether it is estimated that the arbitrage system of yesterday and today which on balances sales footed up to 190, ,000 shares.
 A number of high grade bonds were sold for continental account Local traders and commission houses were considerable purchasers of some stocks, while they re- allzed on others. Favorable forecasts of probable action on the Louisville dividend fnmnFrnu It was said that the New York Air Brake company had secured the contract for equipping in part at least the New York Central railroad with air brakes and to this may be attributed the sensational rise of the Air Brake stock. Much attention was given to other specalties and the low priced railways. The rise in Manhattan was accompanied by the story that the money for equipping the road with electricity had been raised and that the Walker company would get the contract. At one time some selling resulted from talk that the banks were using extraordinary discrimination in making loans on collateral. But later in terviews with bankers were disseminated tending to show that liberal terms were of fered proper loans. California ship ments of money to this center which had considerable influence on the market last week were seen to be continued.
 Some of the most important interests in the street were prominent buyers after an early reaction. These purchases were largely confined to the Changers. This was accompanied by some realizing In other quarters of the market Advance in Gen. eral Electric was said to be on progress made in negotiations for a consolidation with the Westinghouse company. Federal Steel was heavy and less prominent than usual in the days business Transactions in bonds were almost 5000 900 below yes- terdays total and there was also ab- sence of violent upward movement. Profit taking was evident in some of the minor speculative issues, but high-grade mort gages were well maintained and advanced generally. Total sals $5,570,00O United States new 4s. the old As registered, the 5's registered, declined Ac and the 3s 1sc in the bid price, The 5's coupon advanced ssc.
 Total sales of stocks today ,130 ,S00 shares, including 1920 Atchison; 39,629 Atchison, preferred; $500 Central Pacific; 29,S10 Chesa- peake and Ohio; 12,200 Burlington; S,S25 C. C. c. and St. L.; 6,3S5 Denver and Rio Grande, preferred; 34455 Louisville and Nashville; 19.450 Reading, preferred; H, ,G70 Missouri Pacific; 27,635 Northern Pacific; S,S55 Northern Pacific, preferred; 12,7OO Reading; 14,S30 Rock Island; 19,600 Union Pacific 6,410 St. Paul. 1S,5S7 Southern; S0 BIO Southern preferred; 7600 Texas and Pa eific; 1,500 Union Pacific, preferred; S1OO Wheeling and Lake Erie; 10700 Tobacco; 252O0 Steel; 6,400 Southern, preferred; 1000 Peoples Gas; 6600 Pacific Mail S. 100 Rome. oi,ooV kouSait o,lVo lSHHeSSSe coal ana Iron; 11,900 Leather; 1900 Leather preferred; 15,320 St. Louis and Southwestern pre- ferred.
 Money on call steady at 214q2la per cent; last loan, at 21s.
 Prime mercantile paper, 3d3A per cent
 Sterling exchange strong, with actual business in bankers bills at $4.S41aG04 S4sl for demand and at S4S2Q4. SPA for sixty days
 Posted rates, s4S3G4S51s.
 Commercial bils $iS1
 Silver certificates, 591b6f60b