Birmingham age-herald., 1895-06-05
In Wall Street.
J. P. MUDD.


 New York, June 4--Speculation at the stock exchange was quiet during the morn- ing session and the market was character ized by HrmneSs London bought its favor ties, but the amounts taken were far below the expectations of the local bulls. Com mission houses were also moderate buyers for western accounts and the pools in d number of the speeiaties were active. As a result prices advanced anywhere from A we'll distributed. The bituminous coalers were in good demand on statements that turning to work. Following the early i'm provements speculation became very quiet and prices sagged off on moderate selling by the professional traders. The industrials led in the downward movement. Lead de- clined 13s from the best of the morning, while the rest of the group fell off l5 to 1 per cent, the latter in American Tobacco. Subsequently. Rubber developed great weakness and on execution of number of stop orders. fell from i712 to A. with covery to 44lA at the close. The decline in the railway share lit amounted to 6 to IS from the top figures with With the, the Atehis3n s son former was accompanied by q rumor of l- quidation of a block by holders unwilling to pay the assessment, while that of the latter was based on revival of reports that the next dividend on Northwest will be only 11A per cent. Reports Of good rains decline in wheat, however, served in a measure to offset the unfavorable influence of the selling movement alluded to, all though the grangers stocks recovered but little at the close. The feature of the late trading was an actlVe demand TOT sugar, which resulted in an advance in the price of 1as, to 11S1aQ1lSA. The early selling of Sugar was due to the fact that MT. Have meyer is about to sail for Europe, as well as to the decline in German granulated su- gar, while the late buying was in move ment of one of the leading bears to cover up large line of short contracts put out some days ago. It was estimated that the purchases by the operator in question ag- sugar exercised a slight effect on the re- mainder of the market, and fractional ral- lies from the lowest were recorded, but in the final dealings the anthracite coalers, Rubber and Cordage. common became, lowest price on record, and this served to retard the rally. New England was In no way effected by the reports that the New Haven company had secured control of the road the stock ruling fractionally lower throughout. Some exceptionally strong fea- lures were developed among the special ties such stocks as Minnesota Iron. Iowa Central preferred and American Cable ad- the other hand, Pacific Mail, Mobile and Ohio Southern Pacific, Tennessee Coal and Iron and Ohio Central preferred were weak at net declines of 1Q2 points. The net showed declines of 1sQB, Atchison leading. Tn the industrials Rubber closed 2ss lower, while the others were down 1s47s, outside of Sugar, which advanced B.. The sales of listed stocks aggregated 15I.0OO shares and unlisted 67.000O.
 New York, June 4.-Money on call was easy at 1@1h per cent last loan at l per cent, and closing ofered at l per cent. Prime mercantile paper, 3@3bs per cent. Bar silver, 7sc.
 business in bankers bills at S4.ss@4.SsA for sixty days and $4. 6S&04. 89 for demand; posted rates, S4. 6si2a4. 8shi commercial bills. S4.s7@4.s7h.