Birmingham state herald., 1897-06-30
Inwall Street.

New York, June 29.-The market for se- curitiss today was one to delight the pro fessional trader, fluctuations in many of the leading shares being wide and very cratic, Sugar moved range of BE during the day dancing up and down by spurts and falls much as boiling alcohol would do in a glass tube. Chicago Gas was almosI equally wide in its fluctuations and was cratic and even more active. The range of these two great centers of speculation was above last nights close in the early tended to restrain the distinct tendency toward reaction which was in the market al day and which finally overcome the whole list. The London exchange was fast set ting down to normal activity again after the interruption of the jubilee festivities. and prices there reflected the opinion of dealers there that prices on the New York exchange had been. more precpitate than was warranted by the conditions. The in- Iuence Was reinforced by heavy selling hure for London account. Prices in the list were generally feNerish, especially the Changers, and sagged to a marked degree aside from the special cases giving very irregular aspect to the market. General strength and a rally followed the publicar tion of the Burlington statement for May showing an increase in net earnings of s2oa, ,50S The lowering of posted rates of exchange 12c to $l.S6l9 for long, and $4.SS for short bills, also imparted confidence, market and probability that gold ship ments would be lighter or entirely suspend ed this week. But when heavy liquidations
 
 hour the doubts of traders revived and leading properties were thrown over at a lively rate in a feverish desire to realize, and prices were generally carried down to the lowest price of the day.
 A partial rally. in Chicago Gas stiffened prices above the lowest, leaving final re- suits mixed between gains and losses. Su- gar lost 1% and Burlington over q eacint; Rock Island and Manhattan also. sorth- ern Pacific preferred developed heavineSs on the belief that the difference between the Hill interest and voting trustees were about to culminate. The Goalers resisted the general heayiness on the increa ed circular rates for anthracite coal The volume Of transactions was almost as large as yesterday. aiffv-irffs | J. Total sales of stocks today were 432 10S shares, including American Tobacco, 19, 0o0: American Sugar 1S,0O0; Burlington and Quincy, 37,000; Chicago Gas. 5,900 National 20,1O0; St. Paul 4S,600; Tennessee Coal and Iron, 1O,10O; Southern preferred. 10000.
 The upward movement in railroad mort gages was continued with considerable vigor despite the extreme heaviness of the stock speculation. The inquiry embraced large variety of issues in which notably higher prices were recorded e generally. particularly American Spirits Fs and do in comes, which lost 4la and Der cent. re- spectively. The sales were g, 100000.
 Government bonds were steady at bid prices and were without sale.
 Money on call easy at 16f114 per cent; last loan, 1a; closed 112M1%. ae Prime mercantile paper 3eI4 per cent.
 Sterling exchange weak with actual busi- ness in bankers bills at $4. S7d4S7A for de- mand and at AsSQ4Ssl4 for sixty days.
 Posted rates s4s6lsas4 s71z and s4.sSgs4 ss5s. Commercial bills, A.S5.
 Silver certificates. 602sn60Zc.
 Bar silver, 6Dic
 Nrnviran dollars HMc.
 Government bonds firm.
 State DOna5 dui. Railroad bonds strong.