Birmingham state herald. (Birmingham, Ala.) 1895-1897, 1895-11-05
THE MARKETS.


Now York. Nov. A lower range of
prices WAS established in the stock markek
Today London was again a heavy seller OF
stocks owing TO the political complications
abroad, and the foreigners were credlt tt5
with dsposing Of $1,000 shares Oh sya, ne
tive and considerable long stock was sola
for the account Of holders whose margins
age In values. Boston sold Atchison and
Burlington and Quincy The SAFES wetS a.
tributed to the break in coppers Inert err
Local bear operators were somewhat az
gressive, supposedly acting for Gainmaek,
having thrown over at least zO,VVV shdIes
of stocks The strength of the sterling eX,
change market accelerated the downward
movement and there was the usual ldin
about gold exports The disturbances ABROAD
lent additional interest to the subject, al
though up to the close of business no ar
rangenent had been made for shipments.
The impression is that there would be no
outward movement, at least until Saturday.
and even then shipments Will be aYo4ded, az
prominent house is expected In the markee
with 500 600 pound cables later IN the week.
The pressure to sell was most pronouhceal IN
the case of the ternationais, SOUTHWEST
erns and grangerS Louisvil1e and Nasnv alad
2 to 36s4 Atchison 2IB to 15la, Atkinson pre-
ferred "a to "a, Wabash preferred u, 70 ~ IT,
Denver and Bio Grande preferred les TO
473a, Missouri Pacific Us to 2S2i, Mobile ana
Ohio 15s to 1875, Big Four ia to wv, Lake
Shore ~ to 147, Burlington and Quincy rs e
to 82TA St Paul to a. Rock Island 12s TO
1884, Chicago Gas rs to ssh, COLORADO Fuel
21b to 81 Delaware and Hudson to ~, Jer-
Central IA to lUb94, RACING nldii ~ "
26lb, Tennessee Coal 1ss to 80, Rubber l1s to
35k and Rubber preferred rs to 911s. me
weakness of the Atchison securities was as
cribed to poor earnings and the failure OF
the insiders to agree on the personnel OF
the new directory and officers Inc grang-
ers held well for time. Near the close some
of the minor bears covered their shorts anu
a rally of u to 11s ensued, but In the maj
transactions Lake Shore and st. Paul, Kan
sas and Texas preferred and southern "a,
cifc suffered. The market closed weak ana
"A to 25k per cent lower on the day, LOUIS
Vile and Nashville leading. southern IA
cflc however lost 31s. The sales were q Sl g.
913 shares, including $500 Atchison, So,OOg
Sugar % 500 St. Paul, 24,50O Burling ton ana
Quincy, q, 200 Reading and IT, 500 LoulSVlns
and Nashville. Tomorrow being legal
holiday the downtown financial institutions
will be closed. = 90 -oe s.
Bonds were weak; sales footed up $780,
900.
New York. Nov. 4.-Money on cal was
easy at 2@1I2 per cent; last loan at per
cent and closing offered at per cent.
Prime mercantile paper, 5l2 per cent. Bar
silver. 67Ac. iii, oot,o,
Sterling exchange was strong, Win aclu Ia
business in pankers' bills at si.57 " a A. 90
for sixty days and 81 ss%a4.59 for demand;
posted rates, s4.SSB304. Se2i commerciai
bills, $4. 96s4 "a. STA. .,,,n-
Treasury baianoes-Coin. $50, 154, Gas; cur
rency, S96 .905. 337.
Government bondswere easier.
State bonds were dull.
Railroad bonds were weak.
silverbullion at the board was neglected.