Birmingham age-herald., 1895-06-29
MARKETS BY TELEGRAPH.
In Wall Street.

New York, June 2S.-The early trading at the stock exchange was characterized by great firmness, commission, houses having railway list generally The agreement reached by the trunk line presidents to re store rates July s, and the advance in the prices of Anthracite coal having made d number of bulls. London was also buyer of American securities and this contributed in no small degree to the rise of HG G2R per cent, which took place in the first hour of trading. The agreement arrived at by the trunk line presidents yesterday, according Ito those in a position to know, who have a far reaching influence American rail- ways issues generally and especially in Europe. Just before o'clock tremendous selling movement started in the industrials, and these issues broke anywhere from to 5ss per cent. Tobacco dropped 73s to 107, \Tobacco preferred to 113. Sugar 55s to 10Gss, Ehicago Gas to 62, Lead 3h to 3li2, Rub Ner 3]4 to STA, Rubber preferred 17s to 91ss, JNstillers to 199s, General Electric 23s to 24aA Baltimore and Ohio 2Ss to S3. and the geiseral list. anywhere from 4 to 1A per cent The slump was attributed to liquida- tion by an ex-member of the stock ex- change who has taken quite a prominent part in the recent bull movement in Sugar. The operator in question absolutely de- ned the truth of the reports and as a mat ter of fact he honored puts on Sugar at 11t1s, which expired in the last hour of tion of the notice by the governors of the exchange that the stock will be stricken from the list unless the company complies with the rules of the exchange and files a report of its condition. The company, it is san sd is is o preP@g wbe fSe dne M were in state of demoralization rumors were rife of shipments of gold. The sterl- ing exchange rather tended lower to the runor. It can be stated on excellent au- thority that the powers which have con- troled thesgold and sterling exchange mar kets sinceihe beginning of the year have no intention of permitting an effiux of the yellow metal at this time. In the afternoon, when the sunfavorable rumors referred to failed to materialize, the market recovered and prices moved up here to 5ss per cent, exceptionally weak at this time and drop Stock se1 railied to 1752 No new reasons were quite generdily believed that New Haven interests control the property and that the prices of stocks win settle back to the 5frmer in tone. The Industrials. however, lost 1@1s4 per cent. On the other hand gained h and Tennessee Coal and Iron 2ls Der cent Total sales were 479,9S5 shares, lpeudng zoo of sugar B Ce 9f ehaspE5 a Tennessee Coal and Iron, 22,6OO Whisky and 22,200 St. Paul.
 The bond market was easier Tn tone. Sales footed up $1, ,4900O0.
 New York. June 2S.-Money call was hrmer at 1a1l2 per cent; last loan at per cent and closing offered ut per cent. Prime mercantile paper. 3d 3l2 per cent. Bar silver, o6l2c.
 sterling exchange was. firm, with actual business in bankers' bills at S4. .S6l2a 6sA for sixty days and $I S9l2 a4 seq for demands; posted rates. s4. seta@4 eol2; commercial bills. $4. s7l294. .s6h.
 Treasury balances-Coin. S104 .e62 .000; cur- rency, SGT. 12I ,00O.
 Government bonds were firm.
 State bonds were higher
 Railroad bonds were easier.
 Silver bullion at the board was quiet.
 aerican Cotton Oil. .......... 21A
 herican Cotton Oil preferred. n
 (ercan Sugar Refining. ............... l1o1s
 fnerican Sugar Refining preferred... 99 --.lmerican Tobacco. co........................ 112h American Tobacco preferred. ........... 112 ztchison n.......y.................... ...... sss