The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-09-01
RIoRDAN & CO.
In w all Street.


New York, Aug. 31.-4Today' stock mar
ket was characterized by great irregu-
1arity, pricsS of many stocks remaining
remarkably stable even on large trans
actions, while phe price movement of 9TH
ers was wide and erra.i c to the last de-
gree and quite independent of any gen.
eral influence or harmony of one group
with the others. Sugar was a sensational
feature, and covered a, range of nearly
pontl5idlI,ng the day. There was no news
regarding the stock reoaivedn DURING the
cay thai was mt fnoyn at the open
ing. But The speculative traders drew
some deductions from the facts already
known that he'd TO very excited trading
i'm this stock. The speculation turned on
the probable benefits to the industry from
the treasury department interpreted, ion
ofthe clause of the tariff bill discriminat-
ing against sugar from the countries that
pay an export bounty. The belief tina.
this clause would be administered 50 as
to insure the exclusion from compdi-
ton of Dutch refined sugar gave Sugar
stock is strength today. The stock jog
ged along very comfortably on the UP
grade 20 noon, covering about point in
the rise. THE price then made a senisa-
tional rush upward by leaps of l@h and
even a full pdirja at a time to 1551s, the
reaction being comparatively small. Just
in tho closing transactions the price
jumped again to 157, and fell back point.
Tobacco also rose pa psr cent. in The final
transactions, apparently TN sympathy
with Sugar. Sales of Sugar reached TO-
600 shares. The usually railroad shares
which showed free price movement were
an exception to the rule The decline in
grangers carried Burlington down nearly
a point, but the net change In the group
does not exceed one-harf the ner declines
being shown in Rock Island and Chi
cage Great Western. L. & N. moved up a
point, but reacted partly. Some elf the
stocks were very largely DEALT in, but the
transactions failed to affect the price.
London was quite a heavy seller, stocks
sold for that account being estimated at
%, 900 shares.
Total sales of stocks were $4,000 shares.
In the bond market the sales exceeded
s45oO,O0O, and were strong generally, es-
peeially the Reading As; government
new As bid up 1sc.
The total sales of stock today were
55S,8S7 shares, including Atchison pre-
ferred, 81, 225; Chesapeake and Ohio, 15-
140 Burlington, 25,S42; Louisville and
Nashville, 23,S45; Missouri Pacific, Is, 1893;
Reading, 18,475; Rock Island. $685. ST.
Paul, 2S,190; Southern Railway, ATS; do
preferred, 1870; Bay State Gas, 1885,
American Cotton Oil, 1900; Wabash pre-
ferred, S,735; Chicago Gas, $40; La Clsde
Gas, 1928; Pacific Mail, 1885; Sugar.
1905; Tennessee Coal and Iron, 1926;
Leather preferred, 1922; Western Union,
14,670; Chicago Great Western, 30i55
Money on call easy at 1W1A per cent;
last loan, IA closed, 1@14 per cent.
Prime mercantile paper, 3kG4k per
cent.
Sterling exchange easier with actual
business In bankers bills at $A.S51s4.S5%
for demand and at SASSY @4.S3k for sixty
days.
Posted rates, s4S4A@4.S5,s and s4seH
487.
Commercial bills, S4S2h.
Silver certificates, 52Q52Ac.
Bar silver, 50Ac
Mexican dollars, 41Hc
Government bonds strong.
State bonds dull. -
Railroad bonds firm. la ,