Birmingham state herald., 1895-10-31
THE MARKETS.
Tn Wall Street.

New York Oct Authorizations were the prder of the day at the stock exchange gs dnre .ne selling was not confined to local operators, either. Lendon started off bright and early yailroad, Northern Pacific preferred, Wa bash preferred, Louisville and NaShVllle ana Atehison, Some authorities placed the for for thought that London had sold nearly twice as much. The foreign liquidations were at tributed to the eastern difficulties; A rise in the actual rate of sterling exchange to the figures current when the last gold eX' port was made to Germany revived discus sion about shipments, and this accelerated the downward movement in stocks. Read ing was the first stock to break, the price to intimations that the forthcoming plan of reorganization will provide for an assess ment of at least s20 on, the, stock. General Electric was taken in hand, and in jiffy the stock dropped nearly points to 29i4, a break in Electric stock in Philadelphia hav- ing had a sympathetic influence on these shares. Northern Pacific preferred, which has been very quiet of late, loomed Into prominence, and dropped from TIA to l6ss on transactions of 51o0 shares. Holders were frightened by the size of the proposed as- sessment on Reading and fearing similar road stocks conspicuous for weakness were the Internatonals, Southwesterns, the Changers Delaware and Hudson and Jer- sey Central Missouri Pacific and Atchison were particularly heavy, Missouri Pacific falling 29s per cent to 3014. and Atchison 1A to 18H Considerable long Missouri Pacific which had been held by specuators was forced on the market by the decline. In the Industrials Sugar broke to 101. but later rose to 1027sQ103. Chicago Gas, Tobacco and Leather preferred, after a weak opening, closed strong Lead fell from 331s to S012, and recovered to 32.
 In the afternoon indications of support were noticeable in certain parts of the list, and this induced some of the bears to even up their contracts, especially as the folow- ing on the short side had become uncom- fortabiy large. Reports of rain in the south west and semi-offcial statements that the Trunk lines and Central Traffic association roads would certainly sign the new agree ment today also stimulated the buying. This caused a rally of E to 254 per cent, but just The general list closed barely steady. Net changes show losses of 4 to per cent, Gen eral Electric leading. Tobacco, Chicago Gas Pacific Mall and Sugar gained IS to B per cent on the day.
 Bonds were weak. Sales footed up $1,965, 900.
 The sales of listed stocks aggregated 3o3,- 49S shares, and of unlisted stocks 52,656 shares.
 New York. Oct. so.-Money on call was firm at 2a2t2 per cent; last loan at per cent, and closing offered at 2l3 per cent. Prime mercantile paper, 6A0 06 per cent. Bar silver, 6Sc, Mexican dollars. -
 Sterling exchange was stronger, with actual business in bankers' bills at $4. e0 for sixty days and $4 SSA04.59 for demand; posted rates, 4.ssl2 O 4. s9l2: commercial bills. $4. S0l2 94. 57l2.
 Treasury Dalances-Coin. SS9 ,O9l, ,32o' cur- rency, S97 .425 754
 Government bonds were steady.
 State bonds were du l.
 Railroad bonds were lower.
 Silver bullion at the board was quiet