Birmingham age-herald., 1895-08-21
MARKETS BY TELEGRAPH.
Tn wall Street.

New York, Aug 20--The movement in the stock market today was more interesting than of late. Tobacco, which has been un- der the hammer recently, showed consider able recuperative ability, and the stock rai- having been the largest purchasers; It was intimated that the club intended to retire from the plug tobacco business, but the rumor could not be confirmed.
 A drive was made at Sugar shortly after the opening and the stock broke 21a to 1lo. No valid reason could be obtained for the break in the stock and it was suspected that the movement was engineered for the pur- pose of facilitating the covering of shorts in Tobacco. These movements were fol- lowed by sharp upward turn in the an thracite coalers, New Jersey Central rising 3A, to 10S. while the other stock interests in these groups improved anywhere from ss to 1% per cent. Reportswere current that the presidents of the companies intended hold ing important conference next week, when the question of adjusting the diff faculties in the trade will be taken up With 9 view of putting an end to them; At the same time, according to reports, the mat ter of rates will receive serious conSidera- tion. Nothing of an official character could trading New Jersey Central run off to 106la, with subsequent rally to 1071s. Reading and Delaware and Hudson, however. ruled
 The grangers were in demand on the splendid outlook for the crops ana hlgher prices were recorded Rock h Island aaa dvi rose to preferred to 1o3al, and Omaha to 4l9s The
  usually employed by insiders
 Nearly s3,00O0O0 in gold was taken from the sub-treasury for import to Europe to- morrow The bulk of the gold to be shipped is in payment for a batch or new govern ment per cents sold abroad in February It isunderstood that Saturdays European steamers will also take out large amount for the same purpose. A large depletion Of the gold reserve had no effect whatever, as the street was convinced that the Bel mont-Mofgan syndicate is able to Keep the reserve at the si0O,OOO,o0o mark. A fresh illustration of the syndicate's power was witnessed just before o'clock today when J. P Morgan deposited about S2,OOOOOO in gold on behalf of the Belmont-Morgan com bination. This once more restores the treas ury gold reserve to figures above the tra- ditional limit. Lake Erie and Western preferred was heavy, and broke 2zs, to ID; of Ohio has led to selling of this stock: ejaculation closed in the main firm. Net changes for the day show advances Of "A to 2% peI cent the grangerS and coalerS lead sng, Tobacco gained per cent. Sugar lost S4 Total sales were 279.6sO shares, of which VI, 400 were Sugar and 70, 400 Tobacco
 Bonds were stronger Sales footed up The sales of listed stocks aggregated 19s.- 900 shares and of unlisted stocks Sl,O0o shares.
 New York. Aug. 2o.-Money on call was easy at ] per cent; last loan at ] per cent. and closing offered at l per cent. Prime mercantile paper, 4G4l2 per cent. Bar silver. 66&ac Mexican dollars, -.
 Sterling exchange was easier, with actual business in bankers bills at S4 SEA- "a 4.esn for sixty days and $4 9oA@4 sols for demand; posted rates, S4. 90G4.91: commerciai bills. S4. ss al. sss4.
 Treasury balances-Coin $92 .s17 .00o; cur rency, scr .54s .0oo.
 Government bonds were higher.
 State bonds were firm
 Railroad bonds were strong.
 Silver bullion at the board was dull.