The age-herald., 1897-08-18
Tn Wall Street

New York, Aug 1.-The bears must be conceded to have won the 4ronors in to- days stock market. Prices were never more than a fraction above those of last nights dose during the day, except in a few cases and there salss were made at a level quite sharply below the closa. The otf1s,r stocks keIt one eye on the wlhaat market all day and were kserly alive to the heaviness manifested in that market and to the notable decrease in the exp5rt demand for wheat on account of the high range of prices reached for that cereal Du1lness settled on the market soon after the nights accumulation of commission house orders had been worked off. But the bear traders took possession of the market in absence of active buying de. nland and sold it down to catch stop or ders The buying ceased on any marke d. advance and this encoura gsd the bsars to persist, with the result that thley finally succeeded in shaking out a large amount of weakly-nlargined stocks and precipi- tated heavy offerings on stop loss ordsrs. These werts quite readily abs ,rbed withSs out ral1ying the narkst. There was noticeable falling off in commission hoSse buying and the total sales fell off 10000 shades below yesterdays record and con- siderably over 100, 900 shares below the record of any full day last week The bond trarsactions were also very much diminished in volume. The average net decline in the prominent railway stocks is over a point and individual cash is con-' siderably more. The fal1 was as sis.ed by reports of damage to the spring wheat crop and prices for Americans fH London wers decreased on these reports and on tha belief that the minimum rate of dis count would be raised above per cent. by the Bank of Engdand. The garngers, the coalerrs the International stocks aaJ. an fact, all western railway stocks were notadle suffsrars, Northern Pacific pre- ferred, being a drag on the market all day long, Louisville and Nashville, Mis- souri Pacific and Union Pacific were acf- i've in the late selling movement. Late declines were shown in Sugar and To- baeco. Lake Shore jumped points in the early dealings to 17S1a which is new high price reeoad, but the gain was most ly lost in the final trans actions. Bur lngton shows net decine of 15s, the heaviest loss dn tha grangers. Lake rEse and Western preferred lost 3. New J@,r- sey Central 2A; Reading first preferred l1s, Erie first prefsrred IFS and many other stocks a point or less. Zs
 The total sales of stocks today were 437, 100 shares, including Atchison pre- ferre, IS, ,190; Chesapeake and Ohio, S,S75; Burlington, 32,3S4; Louisville and Nssh- yille, 15,520; Missouri Pacific, 15,S70; Northsan Pacific, 9,200 Northern Pacific, prefenred, 25,220; Reading, 21 ,1S5 Rock Island, 10, 150; St. Paul, 3S,790; Southern Railway, preferred, S0000; Union Pacific, 1S,S70; Am9lr.ean Spirits, 5,09s American Tobacco, 7,070; Chicago Gas, 6,76O; Pacific Mail, 6.300; Sugar. 22G90; Western Union. 6,SOo; Chicago Great Western, 29, ,25O
 The bcnd markets wsra moderatsly act-s i've and displayed considerable firmness.@ some of the usually neglected issues fiae-, tuated quite widely, but the variations. in thi7 speculative liens were restricted to marrow limits. The aggregate sales wsre $1 ,425 000
 Governments eased off slightly. The. other issues wer- fairly steady. T1ans- actions were S35 C00
 Money on cali, firmer. at 11b@D2 Der cent last ioaIN, 11s; ciose offered 1h per O. mt. : Prime mart antile paper 3h@p4A per cent. F
 Sterling exchange steady. with actu96 business in bankers bills at S4; S51sflS5N Tor demand and at $4.S3A@4.s31s for sixty Posted rates, s4.S4@4ss and $4.Sshaa
 Commercial bills, s4S21.
 silver certificates, 54@54H.
 Bar silver, 543sc.
 Mexican lU.lars, 41%c. Governmen5 tDnds, weak State bo .s ii,ll
 Railroad Dt nds firm
 Pdtroleun:. Pennsylvania crude, no market.
 STOCK LIST