The age-herald., 1897-09-10
RIoRDAN & co.
In Wall Street.

New York, Sept. 9--The market re- sponded to higher quotations in Lon- don with a fractional rise at the open ing, as it responded yesterday with decline. The advance in Illinois Central extended to SIS and in Southern prefer red point, and the latter stock held remarkably firm in ihe face of heavy liquidation all through the market. H. Illinois Central rather unaccountabiy de- clined nearly points in view of the bril- liant achievement in earnings disclosed by the August statement, reporting an increase over August of last of s511, ,22S. The detailed statement for January showed that the increase in the net earnings fell just short of $150,000 The stock rallied later and closed with a net gain. Tine market sank quite weak ly under the heayiness of the morning. London buying induced realization sales, and it is likely that the failure of a large outside brokerage house had some thing to do with the heavinsss on ac- count of the liquidation entailed upon agents upon the floor. The decline ex- fended to 2ss in St. Paul, 1ss in North ern Pacific preferred and an average of a point in a large number of leading shares. The assembling of the St. Paul directors with a quorum present was the effective influence in checking the de- cline on account of the prevalent be- lief that an extra dividend would be de- clared. When IL became known that the decision of the directors was in favor of making the extra dividend 1 per cent. the stock mounted upward strongly to par, which it touched for the first time in fourteen years. The price reacted fractfon then as though the maximum had been reached, but a renewed impetus was impauted by @ renewed buying of all that was offered, and the price was lifted to 101 and held there until the close. Sales of s.. Paul were over 140,- 900 shares. The advance affected other gr1ngers by sympathy and extended an Improved tone all through the list The renewed strength in the grain market, The report of heavy traffic on railroads ard the Improvement in earnings helped the rally.
 The total safes of stocks today amount ed to 605,OS6 shares, including Atchison, 9,125; do preferred, 29,225; Chesapeake and Ohio, 7,1S0; Burlington, 29475; Illi- nois Central, 9.s55; Louisville and Nash yiDle, 13,130; Manhattan Elevated, 14S50; Missouri Pacific, 1O,1SO; New York Gen.
 
 17,6S0; Reading, 9,525; Rock Island, 19,- 700; St. Paul, 139,725 Southern railway, 5,435; do preferred, 22,32O; Union Pacific. 1,650 Wabash preferred, 7,66Q; Western and Lake Erie 16.950; American Tobac- ck, 2O,156; Bay State Gas, 24020; Chicago Gas, 14.525; General Electric, 6,S50: La Clede Gas, 16,S00; Lead, 18700; Pacific Mail, 16.120; Sugar, 11,120; Tennessee Coal and Iron, 14,190; Western Union 9,220; Chicago Great Western, 6,110
 Dealings in bonds again centered in the Atchison issues. Central of Georgia 1's incomes advanced IFS. Total sales, $3,70O000
 United States old As coupons advanc d M per cent.
 Money on call easy at 1A@1h per cent: last loan, 1A per cent; closed 1A@1h per cent.
 Prime mercantile paper sA@4A per cent.
 Sterling exchange easier, with actual business in bankers bills at $4S6@ $486B for demand and at $4S3%@S4S4 for sixty days. s Posted rates s4s4K@s4s51a and s4.ss1s Q$4.S7.
 Commercial bills $4SS1s.
 Silver certificates 53@54c. Bar silver 5o14c.
 Mexican dollars 43c.
 Government bonds firm.
 State bonds dull. Railnoad bonds strong.