Birmingham state herald., 1896-07-10
In Wall Street.


 New York, July 9-The tendency of stocks was downward today. In the first place the market lacked foreign support, and in- stead of buying as of late, arbitrage houses sold moderate lines of St. Paul and other international favorites. Furthermore. com mission houses here were without orders, and there was a general disposition on the part of the bulls to await the outcome of the Chicago convention Speculation drag ged along in a liStleSS manner until late in the afternoon session. when the bears and professional operators proceeded to take ad- by those usually arrayed on the bull side. Tn explaining their sales they argued that probably lead to a return of securities re Gently bought for foreign account and in the present, condition of the foreign mar. exports of gold. Sugar was the leading card. dropping from 11oA to 107s4. The "a time by an advance of 1-16c per pound in a certain grade of refined but the frmness stocks were Chicago Gas, the grangers and Louisville and Nashville The selling of the grangers was. accelerated by reports st.'Paui feil x per cent to 7l; Chicago Bur. iington and Quincy x, to i7i1s; Rock island vaiiile e and ana Nashville, Manhattan and other leading railway issues lost isGis per cent, ssnt he to @ rhe Gas eurs o & were current in the closing hour, and the market left off weak in tone. Net changes Leather preferred, which gained ss per cent. The total sales were only 1ls.l l69 shares. n- cago Gas and 646o Louisville and Nashville.
 Bonds were quiet and weak. Sales were
 New York, July 9-Money on call was easy at 1s@2 per cent, last loan at per cent and closing offered at ? per cent; prime mercantile paper, 4lsqols per cent
 Bar silver. 6S7sc.
 sierng exehsnge ,s, rm s Tith for astual sxt1 business in psnkers M @ els at @ Ssed TOT rae sxsy NS7lk6i4. SSIa; commercial bills, .aS6Q4.S6k.
 Government bonds were weaker.
 State bonds were lower.
 Railroad bonds were easier.
 Silver at the board was dull.
 Treasury balances-Coin. sloS,764,25S;z cur rency, SS2, 2,26S,S1o
 Closing bids
 American Cotton oil. .....:......... 10 American CottonOil preferred.......... 50 American Sugar Refining. ................. 10T % American Sugar Refining preferred... 1oo American Tobacco .....,.....;.... 6l% American Tobacco preferred.... ...." 91 Baltimore and ohio. .......... .........,. 17n Canada Pacific. ......... ................... 60la Chesapeake and Ohio. 14A Chicago and Alton. .................... 156 Chicago, Burlington and Quincy ........ T DelaWEare, DnlleaEU Tackawanna and Western. 157 Distillers and Cattle Feeder5.......... 13A Erie preferred ........................ 34 sneas iinos centra.............. sSs Loke % Erie Erie and and western preferred ...... 6s4 Lake Shore. .......................... 146l2 Louisville and Nashville le................. AS Louisville. New Albany and Chicago.... Manhattan nConsolidateu........... ........... s5A Memphis and Charleston. n................. 15 Michiesn Central. i......................... ei Missouri Pacific c......................... 20l5 Mobile and Ohio. o.......................... 1sh Nashville. Chattanooga and St. Louis.. 6S United States Cordage. 41 United States Cordage preferred. S.a New Jersey Central rai...................... 1Ouia New York Central. i......................... 9lh New York and New England. .......... 4s Norfolk and Western preferred.......... ll4 Northern Pacific. c....................... Tla Northern Pacific preferred. 16s Eortbwesfern ...'........................ ssla Norfhwestern preferred ................. i4y Pacific Mail ............, ...,................. 21la Rea ding ........ ...................... l3ia Rock Island. ......................... CHA ft Panl. ......................... T4ls St. Paul preferred. ...................,.... i27