The age-herald., 1900-01-05
MUCH TRADING ON
 FOREIGN ACCOUNT Considerable Mystery Surround
 ing Yesterdays Business PRICES WERE FORGED DOWN The Previous Days Reaction Proved So Inviting That Large and Substan- tial Buying Appeared and
 Forced Recovery at Close
PRICES WERE FORGED DOWN

New York January 4.-The cost censpie- uous feature of the days trading in stocks was the continued heavy selling for for eign account, about which there was con- siderable mystery. The orders to sell in New York came from London, but London attributed them to Berlin account. Vienna also reported sales on it's exchange for Ser lin account. In spite of the explanation that Berlin selling was forced by money stringency the Berlin discount rate showed a rise of only 1s per cent.
 In Berlin itself the depression was attrib- uted to the decline in English consols.
 While the movement of the foreign fol- lowing was obscure and explanations con- fused, the fact of 1t, was beyond doubt. Sales by the arbitrage houses in New York again footed up 5000 shares of the yari- ous international stocks There is undoubt- edly some uneasiness in financial circles abroad over the possibility of friction be- tween Germany and Great Britain over the seizures of German vessels.
 It is worthy of note that while interest rates decline in London and the Bank of England showed a notable recuperation in resources, in its weekly statement, sterling exchange at the important financial cen ters advanced sharply, in spite of the hard ening money rate on Berlin and Paris ex- changes. The New York sterling exchange rate advanced at the same time without affecting the local money market where the rates ruled from to per cent.
 The inference Is warranted that London is preparing to make further acquisitions for foreign gold supply and that her money market will have to meet demands for coming government loans In our own stock market the considerable offerings for for eign account drove prices down at the opening near a point in the principal in- ternational laws. The level of prices thus attained, coming after yesterdays sharp reaction proved so inviting that large and substantial buying appeared which forced a recovery in prices by the end of the first hour Later New York Central was bid up sharply to 137 and the short interest in Sugar was driven to rout by stories of a settlement of the trade war.
 Yesterdays reactionary market induced quite an enlargement of the short interest and there demand to cover was an impor- tant element in the days recovery in prices. The specialties showed wider changes than railroad stocks, but the de- mand for railroads was large and well dis tributed and except for the special strength of the trunk lines, their gains were quite uniform.
 Dealings in bonds were not large and tine market was irregular. Total sales, par value $1. .755,00O. United States new 3s cou- pon advanced %;'United States registered old As and 5s, A, and the new As coupon 1s in the bid price. e4s-
 New York, January 4.-Money on call steady at 5d6 per. cent; last loan, 5.
 Prime mercantile paper, per cent.
 Sterling exchange firm, with actual busi- ness in bankers bills at $4S715dD$487A for demand and $4. S2a4@$4.S3 for sixty days.
 Posted rates, $4S5a@s4, SSh.
 Commercial bills. s4S11a@s4.S2h.
 Silver certificates, 5S15@l59h.
 Bar silver, 5SB.
 Mexican dollars, 47k.
 Government bonds strong.
 State bonds inactive. Railroad bonds firm.