The age-herald., 1897-11-24
In w all Street.

New York, Nov 23.-Today's market for stocks was the reversal of yester- day's and represented nothing but the operations of room traders outSld4 a few stocks. The Hist generally shows small net gains on the covering of short contracts made yesterday. There was continuance of strength shown yesterday in the Northern Pacific stocks especial Iy in the preferred, which rose 1B per cent by the close Metropolitan Str5e ct railway and the Rubber stocks also displayed strength, all gaining over s point. The strength of rubber stock was due to c,umcrs of @ proposed ab sorption off a competing company. Gen. solfdated gas was notably walk all day In the doubt which is consistently kept alive concerning the prospects of the merging of local gas companies. This showed an extrsme decline of 6A poirts, but recovered part of this. Brooklyn Union gas lest a ID Oint in sympathy. The stocks of the American Spirits company showed extreme weakness on ths reports of denporaIzed condition of the trade. Tine common stock fell during the final hour to-'a point 2H per cent below last nights clos= and the preferred 3B per cent. Both stocks rallied but very feebly. The coaler5 were also inclined to weakness although they showed some recovery later. There was some selling of Northern Pacific, probably indtleed by the call for the payment of the 8 per cent assessment tomorrow, but the decline was small and recovered latter. Leather preferred WAS weak and lost over 1 per cent on reports of lower divi- dend, but recovered to per cent. There n. ern Pacific for London account, but with out perceptible effect on this market
 A feature of the day was g. further rise of 1s per cent In the actual rates of sterling exchange. This in face of con- tinued very heavy outward movement of merchandise and of selling of securi- ties here for London account of insig- nificant proportions. The weeks ex- ports of merchandise from New York exceeded those of last week by S2,564,- 400 in value and are almost as much in excess of those of the corresponding pe- riod of last year. The dullness and firm ness of the exchange market are un- doubtedly due to the lending of money abroad in preference to. drawing on it by exchange bills. A Chicago bank of- fioial is authority for the statement that million dollars of Chicago money is now loaned in London and on the con finent, and the total amount of money owing to persons in the United States, but left to draw the higher rate of inter- est in England and on the continen: un- doubtedly amounts up to many millions though no accurate estimate can well be made of it.
 Trading in bonds was active and prices were for the most part firm Fetal sales, sl,525,000.
 United States new 4s rose A and the old Is coupons and the 5s registered de- clned !s bid.
 Total sales of stock, 159,6O0 shares. in- cluding: Chicago. Burlington and Quin- cy. 1860; Manhattan L, 1O,4O6; Met. Trac- tion. 5,925: New Jersey Central, 5S70: Northern Pacific, 8.742; do preferred, 62,950; Reading, $500; Rock Island, 46OO; St. Paul, 7,724; Union Pacific, 4,7S5; Bay State Gas, 6,790; Consolidated Gas, 97S9; Sugar. 17.725.
 Money on call easy at 11a@2 per cent; last loan at 1% per cent; closed at 1k@2 per cent.
 Prime mercantile paper. SA@4k per cent.
 Sterling exchange firm, with actual business in bankers bills at S4S55k@ 4.S5% for demand and $4.S2%@4S3 for 60 days.
 Posted rates, $4S31s@4S61s.
 Commercial bills. $4.82
 Silver certificates. 5S@59c
 Bar silver, 5S%c.
 Mexican dollars, 4SBc.
 Government bonds irregular.
 State bonds dull.
 Railroad bonds firm.
 2 E c