The age-herald., 1899-08-24
CHEERFUL ASPECT
 IN STOCK MARKET No Material Set Back in Ad- vance of Prices. VERY LITTLE IRREGULARlTY Business Well Distributed in Railroad List-Bonds Active and Strong,
 With Total Sales at Par
 Value of $3,oo7,ooo
VERY LITTLE IRREGULARlTY

New York, August 23.-Affairs in the stock market took on a cheerful appearance from the opening today and there was no material set back in the advance of prices from start to finish, though the dealings were decidedly irregular at times during the day.
 It became manifest at the opening that inside interests in Brooklyn Transit were prepared to offer very determined resist ance to any further decline in that stock, which they have not been doing for some time past Today the price was never more than 1A above last nights level, and was extremely feverish all day, within a range of about points. But pressure against the stocks Was relaxed when the determln- ed nature of the support became evident.
 There was some disposition to cover short contracts in other stocks which had shown sympathetic weakness with Brooklyn Tran sit. The cessation of the bear campaign left the way open for an unopposed ad- vance, and there was large element in- clined to buy stocks. The advance in American Tobacco was the most conspicu- ous movement of the day A deluge of offerings was encountered at every point up, which caused a temporary halt but af- ter the absorption of these the upward movement was resumed. The extreme rise was over points. Continental Tobacco stocks rose and over points respectively in sympathy Sugar showed momentary weakness at the opening but was increas- ingly strong the day progressed and is up 212 points on the day. There were heavy takings of the leather stocks which gained IF and PA respectively.
 In the railroad list business was exceed ingly we'll distributes and q large num- Der of stocks show gains between 1 and points. The most notable flea tU-e of the trading in this department was the ten dency to turn to the middle and low priced stocks, while the high priced and esa olish. ed dividend paying stocks were almost uni versally left quiescent. In fact, not few of these grades show small net losses. The return at present of dividend rales made by the high grade railroad stock and the prospects of coming dvi- dends or increased dividends in lower grade issues. owing to the continued in- crease in railroad earnings, were the mo- lives for this development in speculation. Common stocks of reorganized companies having preferred stocks ahead of those whose dividend claims are providing for with an aceumulating surplus of earnings beyond were the favorites. Some of the Southern and Southwestern stocks which have had recent large advances were held back by realizing. With the exceptions noted strength was well distributed
 
 Net gains of two points upawrds shown by Baltimore and Ohio, Erie first preferred, Rocking Valley Northern Pa cific, Fort Wayne and Rio Grande, Chicago and Eastern Illinois and St. Paul and Du- 1uth rose an extreme points, A much more cheerful sentiment was reflected from foreign stock markets today and London was buyer in this market
 The bond market was active and strong and dealings were fairly well distributed amongst the specula tive bonds. Total sales par value, $30070G0. United States 3s de- clined A in the bid price,
 New York, August 23.-Money on call steady at 215q3 per cent; last loan, 2h per cent
 Prime mercantile paper A per cent.
 Sterling exchange firm, with actual busi- ness In bankers bills at $iS61a614 S6% for demand and at s4.S3A AG4S3h for sixty days.
 Posted rates, $4.494. STE.
 Commercial bills. $4.S2.
 Silver certificates, 60d60A.
 Bar silver. 5 13-16
 7 Mexican dollars, ATS.
 Government bonds weak.
 State bonds inactive.
 Railroad bonds strong.
 By Private Wire to Talbott & Palmer.