The age-herald., 1897-08-04
.Markets by Telegraph.
Gntton Letter

first call at 721, the local bulls loaded up 2. fap-an expected further advance, but it f'did not materlalize. The opening hgur5 z were the best of the day. After the opening the market became very dull and C moderate, selling orders from New Or leans starting the downward movement. esThe weekly government crop bulletin was favorable from everywhere except s Texas From that state the report was poor The trading al all times was eN- tremeiy narrow and in the last hour sensational break in the months added to the weakness. August d5clin Il S'paints in as many minutes, and Sep rs tember was almost as weak. January Z ssagged slowly clown to 7.12 and closed at TIA with the tone of the market steady. s1s We can sse no encouragement to buy cot s&touaas yet RIORDAN & co. .f...z. Inwall strse.
 @sdrNew York, Aug. 3.-The market for se- sscurities received further powerful im- spetas towards higher level of prices sst6day Buying was animated and in s7 larger volume in all departments, not only in the stock market. but ths bohds P market as we'll. With the confidence or 7. the general public in the revival of busi- ness and the improvement of values, the result was plainly manifested in the | large commission house orders executed gaoii the floor of the exchange, those being e in such value and of such quantities as sa to overwhelm the bear attack and check }e further declines and manipulate the maf- ket for a reaction. The news was all of 4 such character as to push on the move- < ment in prices. Advices were encourag- ing from all quarters and the rise in the grain markets captured the confidence e Of buyers that good prices were to be realized for the crop. The returns Of railway traffic from the west and south west showed the grain movement to be
 in such volume as to leave the amount of business to be done by the railways only question of the number of cars they can secura to move the grain offor
 ed. The movement of merchandise is also reported to be large for the season so that the trains carried westward as {. well those coming eastward are pro- sadncing revenues for the railways.
 s-.-i-Buuyancy in the industrial stocks was the result of the bright outlook for trade in particular staples in which these great corporations deal The gas com panies especially were benefited, Con sodated Gas leading with a net gain of 51a points.
 The exchange situation was also much clearer, the quotations in sterling ex- change breaking to $4s7 fer sight bills and to $4,S5& for sixty days. In view of this fact further exports of gold are unexceedingly very likely to occur and the anrual reflux of the yellow metal will probably begin earlier than usual. The heavy adverse trade balance to re- suit from foreign purchases of grain is considered to be the motive of the per- C sistent disinclination of foreign ex- F changes to invest in American seculi- s, ties and of their disposition to take their n.tproflts by selling these securities in the r. New York market. Sales of this charac- ter were large especially of Northern Pacific preferred The following list of @4ad1ances indicates the proportions of the Improvement. Consolidated Gas 5k i; e4s East River Gas 8; Sugar preferred 91k ; Sugar, Brooklyn Urion Gas, Chicago 5 Gas, General Electric, Oregon Navlga- tion, St. Paul and Duluth both common and preferred and Spirits preferred per < cent or over The stocks which gained ct' a point or over were: Cotton oil pre- ferred, Tobacco, Canada Southern, Northern Pacific, c. c. C. & St L. the
 
 es 4oago, Indianapolis & Louisville, Metao- politan Traction, Norfolk & Western preferred, Oregon Navigation preferred ss' Oregon Short Line, Tennessee Coal, com e,omon end praferred
 Trading in railway mortgages was in (, large volume with substantial varia.Gons se in. many issues The low priced curi- ,e ties were eagerly sought for by domestic and foreign purchasers. The general tone was very strong with shrinkage in- flu nces operating to enhance the value Of some liens, no:ably Northern Pacific trusts per cent were conspicuous fc., .fsaa rise of 554 per cent, with a later re action to 26 The aggregate sales were =, = =. Ss,99O 0o0, &
 The total sales of stocks today was S75. 425 shares in cmdlng Atchison s5,s0a; uS -Atchison preferred S,93S; Chesapeake & s Ohio 10,144; Burling on 24, $50; c. c. c. X Sr. L. 5.220; Louisville & Nashville i3,570; Manhattan L. 6.6o0; Missouri Pacific g. 725; N. A. & Chicago prefsrred n,S20; Northern Pacific preferred 27,000 Norah- western 6,s55; Reading HOO; Rock Islaad 19,120; St. Paul 44592; Southern Railway preferred 15,145; Union Pacific 15,155; American Spirits 14.7o0; American Tobac- co 3S,75O; Chicago Gas 20 40; General Electric 1S,045; Sugar 26.s12; Unit-d St ei Leather preferred 7,1a0; Western Union 12700 Chicago Grea. Western II ,29s
 Money on call easy at 1A@k per ce.gt ss last loan 11a; closed 1AG1N per C. nit Prime mercantile paper BOA per cent t5 Sterling exchange weak with actual bus- "a mess in bankers bills at $4.S7@14 for de- lf n1and ard S4S5siG14.S6 for sixty days; s' posted rates $4.S6AN4STh and s4S7h0p 4SSA: Comm. rcial bills $4.S5@k. Silver certificates 5SA@A; bar silver 5OAc.