Birmingham age-herald., 1895-05-23
1 2s I'm
In Wall Street..

New York, May 22.-The stock market to- day was unsettled and rather weak. except in the case of Distillers and Sugar. How ever, the pressure to sell was not marked. London evidently seems most concerned in the outcome of the Kaffir settlement and paid but little attention to American securi- ties, save, perhaps, to sell St. Paul, Louis vile and Nashville and certain of the low priced issues to moderate extent; Local operators were generally bearish in their views because of the sharp rise in wheat and the sensational reports from the west regarding the crop outlook. These stories were not confirmed by railroad officials here, but the fact that July wheat touched 80 cents in this market seemed to be cor roboration enough for the bears on stocks who displayed more courage and activity
 than for months past. Sugar and Dlstill- CTS and in the late trading the Changers were especial points of attack. Distillers
 was pressed for sale throughout and i'm portant long interests liquidated, The trans
 actions were 5S,30O shares and the stock ranged between PES and 23as, closing at 212i. net loss for the day of 1$s per cent. brought liberal offerings for both accounts, and decline to 117A followed. Just at the el9se ers and te st Paa I fe e to 5 Rock island to Northwest to 9SA. Northern Pacific was 1IS per cent Fears of heavy assessment account for the further liquidation in the
 ot4eK otRer hend jumped to ss was heavy and sold down lA to 1l5A., Dur ing the morning hour there was good buy
 
 improved outlook for trades. Cordage pre- ferred sold at 10, the lowest price made since the reorganlaaat,on a ,, or the conpaMHyt MSt changes show losses of HQ1ss per cent. Distiilers leading, Tobacco 4. preferred F fne the day The total sales were Ss5 iio shares
 including 59,5OO Sugar and 5S,355 Distillers Two hundred and ad twenty s 1 5h9usand were Of
 The bond market was stronger Sales were S2, ,599 900.
 New York May 22lMoney sy,S on call }, was was
 cent, and closing offered at 1l2 per cent
 Prime mercantile paper. 3ls@4 per cent Bar
 Sterling exchange was steady. with actual
 business in bankers bills at $4 .S7A@4 e7t2
 for sixty days and Sl. 6SAG4. sSl2 for demand;
 posted rates, s4.eSG4. se; commercial bills, S4.S6h@4.s7.
 Treasury balances-Coin. ss2, ,e6s .o0o; cur rency, S59 ,723 1000.
 Government bonds were s1rm. State bonds were higher.
 Railroad bonds were strong.
 Silver bullion at the board was quiet. Closing bids
 American Cotton oil. Oil....................... 2S American Cotton oil preferred. .......... 75
 American Sugar Refining. 117ss
 American Sugar Refining preferred... 99a
 American Tobacco. .. :.........-. 1oIi2 Atchison ...................... 7ss Baltimore and ohio. io........................ 6s
 oSesaa oSesspeaEe nSslnS and Ohio M 2az Chicago and Alton. n..................,.. 150
 Chicago, Burlington and Quincy. ......... 7sas
 Chicago Gas. ......................... 74sB Delaware, Lackawanna and Western. ... 162
 Distillers and Cattle Feeders ............ 21h Erie. .........,............... 12ta Erie preferred. ....................... 27
 General Electric. c........................... A
 Illinois Central. ............................ 94
 Lake Erie and Western rn.................. 21
 Lake Erie and Western preferred ....... 7eA Lake Shore. .... .......................... 146
 Louisville and Nashville. e.................. ob
 Louisville, New Albany and Chicago. 10
 Manhattan Consolidated. .............-... 116A Memphis and Charleston ................. t15 Michigan Central. al.......................... 100