Birmingham age-herald., 1895-06-04
In Wall Street.
J. P. MUDD.

New York, June 3-Speculation at the
 stock exchange was quiet, the sales amount
 ing to only 1S1,70 shares of stocks and
 $1, ,703 900 railway and miscellaneous bonds
 At the opening the railway list lacked sup
 port and the prominent issues sold off frae-
 tionaly. There was no pressure to sell,
 however, and subsequently, when copious
 rains were reported in the winter wheat
 belt the bulls displayed a little more cour-
 age and bought moderately of the western
 railway issues. Their purchases resulted
 in arise of A Agss per cent in the high priced
 leading. Among the low priced railway
 stocks Southern Pacific was conspicuous
 ing in demand owing to the bullish utter
 ances of c. r. Huntington, cabled from the
 qther side Mpqkng XaeNX Key Wheflng abany and and
 Chicago were all firmer on the settlement
 of the wage question in the Ohio bltumin-
 ous coal district. It was pre-emnently q
 in this may be included General Electric,
 Distlllers. Laclede, Gas Lead, Rubber, Bay
 al Alton and Terre Haute, Pacific Mail;
 Susquehanna and Western preferred, and
 Long Island Traction, Ihese stocks er oani ad- the latter in Alton and Terre Haute. Lead was in request on rumors Of a dividend on the common; Mexican National on the IT. nancial arrangement just completed with the Mexican. government General Electric on the revival of rnmors Of an early early re sumption of negotiations with the Westing- house. and Distillers on the refusal Of the courts to appoint receiver in the interest Of the. nfSt mortgage pouunoiieiS. Noi dage securities first broke ha3A per cent, but after the appointment of a receiver and the promulgation of the reorganizaoo . ton of the plant, securities rallied 12 to , per cent The new plan provides for the raising of $3,eO0OO0 in first mortgage per cent bonds. The guaranteed stock is to pay 20 per cent assessment, the pre1e,rred, l,. .. lV and the common B. The capitalization consists of $3.000.0O0 first mortgage bonds, s7. 300. 900 second mortgage incomes and 7 SIa,7 b0O 0O0 common stock The guaranteed stock gets 80 per cent of it's par value in new stocks. the preferred 40 per cent and the common 20 per cent. Fixed charges will be S1S0,000. |, Speculation closed firm ana generally 1s to 1H points higher for the active stocks. Southern Pacific gained 2A The Indus trials show net gains of 1s to 2as per cent, The bond market was higher The sales of listed stocks aggregated l4S, . 600 shares, and of unlisted stocks 33,oOO shares.
 New York. June 3.-Money on call was | steady at a 1ls per cent; last loan at per cent, and closing offered at l per cent. Prime mercantiie paper. sas's per cent Bar eilver, o6f5c. business in bankers bills at $i. s74@4. ss& for sixty days and $4. SSsA 04- 69 for demands ] posted rates, 4.e6l7a4 s9ta; commercial bills. s4. 66s4 a4 .s7lz. .o.. Treasury balances-Coin. so,lO2.OOo; cur rency, s64 1909. 900.
 l Government bonds were firm and quiet. State bonds were dull.
 Railroad bonds were firm.
 Silver bullion at the board was neglected Closing bids
 American Cotton Oil. Oil....................... 2Sas American Cotton Oil preferred. 14 | American Sugar Refining. :....:..... 1lIas American Sugar Refining preferred-.... loo 1 American obacco preferred. ...........- 1l3