Birmingham age-herald., 1894-08-14
IN WALL STREET.

NEW YORK, Aug. 13.-It has been stated from time to time of fate that the sluggish ness of the stock market was the result of the failureof the national legislature 10 agree upon a tarif policy It mattered not, so traders contended, what the lines of the policy deter mined upon might bs as along as something definite was offered. So far as traders were concerned, it could be either the Wilson bill or the German measure, either one would do to start up speculation. The main point was to break the deadlock. Today's market fully bore out this theory, for stock speculation was active from the moment it became toera- ply certain that an end of the seemingly inter- minable discussion was at hand. Transac- tlons reached heavier totals both in stocks and bonds that, for any day in long time past. Stocks alone figured for 265, ,903 shares, while in railway and miscellaneous mortgages $l ,901 ,o00 changed hands. London, which was as much if not more, excited as home op- orators, came in with liberal buying orders at at the start, the foreigners having been in- huenced by early advices from this siue that inc house today would declde to reeede rom blll. London bought 15,000 shares, its pur- chase of Louisville and Nashville causing that stock to open at 52, against 5Oas at the close on Saturday. The general list improved on these purchases as well as the report Of good rains in the corn belt ,and the local bears who have been predicting all sorts of disas- ters to the corn carrying roads began 10 cover right and left at the opening. Before they Washington that the democratic caucus of the mem bers of the house had voted by a decisive majority to recede from their position and &C., cept the bill recommended by the senate finance committee. This was the signal for The execution or large orders on long account, and prices advanced with rush. There was more outside business than for some time past, 10 the encouragement of commissions houses. The rise induced the big bulls to sell, but as their offerings were quickly absorbed the room traders turned near the close and bid up prices all along the line. It was at this time that the best figures of the day were re- corded. The bond market wss active and buoyant, and on heavy trading an advance of ] to per cent was recorded.
 The sales of listed stocks aggregated 195,- 600 shares. unlisted 62, ,5U0 shares,
 NEW YORK, Aug. l3-Money on call was easy at per cent; last loan at per cent, and closing offered at per cent. Prime mercan- tile paper, 3t2G4I per cent. Bar silver, 62Ac.
 Sterling exchange was weak. with actual sixty days and $4 S7I204.S7s4 for demand; posted rates, $4. s7I9G4s9; commercial bills, S4. S5&d4. S6A.
 Treasury balances-Coin, $75 ,4SO ,00O; cur rency, 6o.900. .o00.
 Government bonds were steady.
 State bonds were dull.
 Railroad bonds were strong.
 Silver bullion at the board was neglected.
 Closing bids
 Louisville and Nashville. e.................. 63b Memphis and Charleston. ................. Mobile and Ohio. .........:.... Zl Nashville5 Chattanooga ard St. Louis... 63 Tennessee Coal and Iron .............. 19H Tennessee Coal and Iron preferred. t72h Western Union. .......................... SEA
 BONDS
 Alabama, class ..................... 1O2 Alabama, class C......................9 O. 92I2 a 96
 .Ex-dividend. tBid. Asked.