The age-herald., 1899-05-26
TRANSACTIONS ON
 A LARGER SCALE Trading m Stock Market lm-
 proved in Animation. BEARS SLIGHTLY SCARED
BEARS SLIGHTLY SCARED
Continued Large Demand for all Avail able Classes of Bonds, the Govern ment's Included and Prices
 Were Much Higher.

New York, May 25.-Transactions in stock were on a larger scale and trading showed more animation than for several days past. There were evidences of con- siderable outside interest in the market es- pecially in railroad stocks, but operations continued still in very large part in pro- fessional hands, It was a conflict between the bulls and bears for supremacy and the bulls easily had the best of it.
 There were several conditions that aroused apprehension on the part of the bears and they showed disposition to cover short contracts from the outset. Ap- parently there had been a quiet picking up of stocks for the long account in the recent depression and the holders were as willing to take profits, if they could get them as the shorts. They proceeded, therefore, to bid up the market and induced quite an active covering movement for both ac- counts.
 The decision of the stock exchange to keep closed over double holiday from the coming Saturday until Wednesday was a motive for closing up accounts both long and short. The market hesitated only mo- mentarly at the opening, at which time low prices for the day were made in nearly all cases and then moved strongly and con- hdently upwards. There were occasional pauses and set-backs and some irregular ity and a realizing movement in the late dealings brought prices generally below the high level, but very substantial net gains remained in nearly all cases.
 It has been obvious for several days that the short interest was becoming rather un- wieldy and premeditated attempt was ar- ranged to take the market away from the shorts previous to the coming holiday. Csa..a rF f,1.k -1.,t.I 4l, were the excellent reports of railway earnings for the third week in May, which continued to be received this morning.
 This was especially true of the south western roads, of which the shorts were rathey fyee sellers yesterday. The rather buoyant tendency of the wheat market on continued crop scare was therefore ignored by them and Changers and Southwesterns quite freely bought.
 Reports were circulated with the appear ance Of authenticity that the dividend dis bursements for the current period on the Atchs0n preferred stock had been pracu- cally decided upon. The shorts who had sold on doubts of this were therefore driven to cover. The passage of the modified Ford franchise bill, ameliorating the con- ditions imposed on New York municipal corporations, lifted that group of stocks quite markedly.
 London was a buyer of stocks to a mod crate extent, and this was an influence in the easier tone of sterling exchange, which relieved some light apprehension of possi- ble gold exports Sugar and the Coalers were easily manipulated for a rise by the bulls, and there are evidences of strength in Southern Pacfics and Central Pacific. These conditions swere too much for the equanimity' of the bears and they joined in the buying movement, with results as above indicated. Pressed steel car was the most conspicuous except as to the prevail ing strength
 There was a continued large demand for all available classes of bonds, governments included, and prices are higher all around. Total sales par value, $4,643OO0.
 United States 3s, coupon, and the new As advanced A and the 5s b in the bid price.
 Total sales of stocks today, 432,5OO shares, including: American Steel and Wire, E, 400; Sugar, % 100; American Tobacco, 4,3OO; At chison preferred, s. 300; Brooklyn Rapid Transit, 52, 700; Burlington rights, 1O5OO; Burlington 24700; Federal Steel, 16,30O; Louisville and Nashville, 5,O00 Manhattan, IS. TOO: Pennsylvania, 31 ,000; Peoples Gas, Ia. .3O0 Reading 1sts preferred 1920O; Rock Island, s60O; St. Paul, 2S,,SOO; Tennessee Coal and Iron 7,10O
 Money on call was easier at 21a@3 per cent, last loan at 212 Prime mercantile pa- per 3B(DlA per cent: sterling exchange was easy, with actual business in bankers bills at 4MX6I4S72 for demand, and at 4S5l4D 4.S5B for 60 days; posted rates, 4S6R@4.SS12; commercial bills, 4.S5G4S5A.
 Silver certificates, 61@62c; bar silver, 6l1ec; Mexican dollars, 4S12c.
 Government bonds were strong.
 State bonds were strong.
 Railroad bonds were strong.