The age-herald., 1899-01-29
VANDERBILT WEEK
 IN STOCK MARKET
Dealings Were Over 725,OO0 Shares With Fluctuations.
WAS GREAT IRREGULARlTY
The Opening Was Strong, Partly Be- cause of the Fact That There Were No Disquieting Philippine Ad-
 vices-Rise in Values.

New York, January 2S.-The stock market was quite irregular today. The opening was strong in spite of the irregularity in the London market, because in part of the absence of disquieting Philippine advices, which apparently had been expected by the traders who started covering short con tracts. Presently there a renewed at- tack on values on predictions of an unfa- vorable bank statement, but when the state ment appeared it upset all calculations by being very favorable. This was the signal for the re-purchase of stocks, which gave a strong tone to the closing. There were some recession in the railway, however, on the evening-up of contracts for the week. Sugar and Glucose gained over a point each, but it seemed to be the expression of trad CTS that Sugar was advanced in the inter- est of sellers, while in other quarters the simultaneous advance of Sugar and Glucose was surmsed to presage favorable trade developments. Among the Pacifcs there was an advance of over point in Northern and Southern. The movement in Northern Pacific was attributed to more confident gossip regarding it's dividend standing. Pa ~A'iN outlook for the mail subsidy bin in con- gress. Minneapolis and St. Louis at one time displayed strength on the possibility of the first preferred stock being retired. The prospective advance in coal rates at. western points was reflected in some strength in Reading.
 Among the low-priced shares, St Louis and Southwestern preferred rose 4 points and Sf T,O1iS preferred, 27s. P. c. c. & St. L., American ExprEess and Southern Railway were also strong. Among the industrials, American Steel preferred and American Malt were weak Canadian Southern and c. c. c. &s St. l.. preferred also showed declines.
 This was Vanderbilt week. in the stock market. The dealings were over 7250 900 shares, with fluctuations showing great ir- regularities but with an upward tendency There were many reported deal associated with the Vanderbilt name and the stocks affected moved wildly according as the various rumors were believed or discred- ited. It was said that New York Central, Northwestern and Union Pacific were to be amalgamated that Lake Erie & Vest ern through options secured on stocks would be found under the New York Cen trai control that New York Central was projecting an arrangement with the West Virginia Central and that Chesapeake Ss Ohio would be merged with the Big Four As mater of fact it was said that the Vanderbilts were increasing their holdings in various properties with which they were identified, but rumor associated large buy ing in various railroads as being in the in- terest of the Nanderbilts wherever the roads location was such as to lend ere dence to the report. The unrufled condition of the money market in the face of the unprecedented volume of transactions in stocks and bonds was reassuring and in a sense confirmed the public conception of the marvellously favorable conditions pre- vailing in industrial, agricultural and finan- cal circles in America
 Excellent railway returns came to hand from various sections of the country Six ty-one railways increased about 9A per cent in gross earnings for the third week in January. Among the December state ments of net earnings, St. Paul showed an increase of over one-third of million dol lars, while Burlington increased $170 900. Lackawanna's annual report was an ex- ception to the general favorable returns showing, as it did, a deficit of over half million dollars. But it was received with speculative indifference. The bank state- ment was far more favorable than antici- pated, showing s7, 800 ,000 increase in surplus reserve. The shading of discount rates in continental centers including a reduction by the Bank of Belgium. following the &C., tion in Berlin and London last week, was taken as evidence of less tension in foreign politics. The favorable developmet in the iron trade the enormous clearings and ex- changes attracted considerable notice. AL lowing for speculative accounts, the enor- nous dealings reflected a great absorption of the public money in the high grade se- curities.
 There were large sales of stock carried over from last Saturday in expectation of the advance and considerable liquidation, both of foreign and domestic holdings, re- suting In material declines for Monday from the abnormal high prices. Among the sensational variations that day were a rise of l9ss in P, C., c. & St. L., a decline of IS and a net gain of 45s Canadian South rose i0k. lost most of 1t, and gained BE.
 Strength characterlzes the bond trading, the market showing less feverishness than in stocks.
 Many issues were brought prominently forward owing to dissemination of rumors' regarding their standing toward a union with other properties. Dealings were on an immense scale with purchases for out-of-town account exceptionally large. United States 3s reacted h and the 5's cou- pom advanced M in the bid price.
 Total Sales of Stocks
 New York, January 2S.-Total sales of stocks today, 567 800 shares. including 5257 Atchiser, s.520 do preferred, 1900 Burling- ton, 9.4s5 Louisville & Nashville. 13.470 Read ing preferred. 6.225 Missouri Pacific, 3270 New York Central, 7755 Rock Island, Il 220 St Paul. 12.220 Southern Railway, 1O,9SO do