The age-herald., 1900-11-17
SPLENDID TONE TO
 THE STOCK MARKET Substantial Strength Marked the
 Weeks Close. PRICES AGAIN ADVANCED
Steady Absorption of Offering Marked Legitimate Character of the Spec ulation-Entire List Was Af-
 fected-Money Was Easy.

New York, November 16.-Although to- days business in stocks did not recover to the full measure to last weeks in point of volume the tone of the trading and the showing of strength were the most fmpos- ing and substantial that have. been made since the election. The feverish and sem sational movements in isolated stocks and the indiscrminate rush to buy in lump were not shown today. Instead there was a steady and persistent absorption Of stocks of the best character, with leglu- mate speculative prospects of increased earning power, or increased security by reason of added earnings for junior se- curites.
 In the early dealings the speculation showed a disposition to look for leadership, and powerful leaders were at hand to in- augurate inviting advances in prominent stocks in almost every distinctive group on the exchange The absence of realizing pressure as the advances were easily made encouraged the growth of the demand and strength was dssiminated all through the list. The eastern trunk lines and the coal CTS were rather conspicuous exceptions and were not largely traded in nor Wldely moved. but there was no positive weakness manifested even there There was no inn nortant exception to the upward course of prices, and among the stocks o1 rall- roads all through the south and west lil- cludng the trans-continental Hhes the strength was astonishingly uniform. lneie was scarcely a railroad stock traded III within those limited that did not gain at least a point. Not d few rose poihls UT over, while Burlington and Atchison pre- ferred gained respectively 39s ana oA otn- CTS of the groupw gained points or up wards The local traction stocks ana the high-priced industrials were strong, put were not conspicuous. General Electric got up another 69 points; Consolidated Gas as much; Brooklyn Union Gas IA, while NeW York Air Brake made one of its eharac- teristic slxy-rocket flights of % points. re- lansing half that amount. The growing strength of the market was evidently que ito the determined buying or the class which held aloof from the exeitemeht after the election, confident that reaction must come which would leave the market health fer even though at higher prices. num- Der of favorable circumstances also con verged in the days news. Advance sheets of the trade reviews for the week expressed so plain a view of the outlook Tor gen. eraf trade as to stimulate speculative sen- timent quite nobly. Forecasts or the pahk statement were accepted with reserve oW- ing to the complications which nave con fused the significance of recent statements, 
 looked for and the continued tendency to- wards lower rates for money, which made the maximum rate today for call loans per cent, falling in the late dealing to 51a per cent, relieved all apprehension or the money outlook.
 Profits on the days advances were at- tractiye enough to induce some selling TO- ward the close, but the effect upon prices was slight and the closing was active ana steady.
 The substantial character of the buying was even more manifested in the bond market than in the stock market, high grade bonds coming into additional favor: Prices are very generally higher. Total sales par value, SS32O,OOO.
 United States bonds were unchanged on the last call.
 New York November 16.-Money on call steady at 3lD4 per cent; last loan at o12 per cent.
 Prime mercantile paper at 41a@5 per cent. Sterling exchange steady with actual busi- ness in bankers bills at &S49s for demand and at $4. .S07s for sixty days. Posted rates S4 STA and s4.S5h Commercial bill A.sO12. Silver certificates 64Q65c: bar silver Gle; Mexican dollars e0Ac.
 Government bonds steady: state bonds inactive; railroad bonds strong