The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-10-19

declined to 6.07 and closed at GOT to sos,
with the tone of the market steady. w tn
little or no support, a small. short inter
est, the southern markets weakening and
an almost universal bsll:f that the
November movement will be appalling.
The immediate outlook for cotton is not
bright, but strong people are buying con-
servatively, and we believe in the bull
side. RIORDAN & co.
In Well Street.
New York, Oct 1S.-For the first time
in several weeks the prices of stocks
were at no time during the day below
the level of those prevailing at the close
the night before. There were occasional
slight reactions today with no more ap-
parent cause than sympathy with sugar
which was itself markedly strong and
was turned backward at times only by
profit taking Speculation halted during
the morning in expectation of decision
by the supreme court alt Washington in
the Nebrasga maximum freight rate
case. Although this decision is expected
to be in favor of the railroads and was
looked to give an upward movement to
prices the announcement that the hand
ing down Of the decision had been post
poned was followed by decided increase
in the activity in trading, an activity al
tending the rise of prices instead of the
decline for the first time in many weeks.
The strength of the granger stocks and
the awakened interest and improvement
in the Vanderbilts were very notable.
The vigorous upward movement of THIS
powerfully influential group caused
rise in all the other groups, net gains
being a point, and was in several cases
equal to, If not exceeding, two points.
The result of the strength of the rail-
way stocks was the neglect of the in
dra;rials, except sugar, as compared
with the recent trading, and even sugar
showed falling off in activity as the
day progressed and the trading in the
railroad stocks developed great anina-
tion Chicago gas which recently over
Swallowed the res. of the market today
fell into inocuous desuetude and was no
longer available as an instrument for
the bears to demoralize in the general
list Its total range of prices was only
a small fraction and the small volume
of transactions in it looked almost like
neglect. While sugar was quite active
and moved somewhat irregularly with
in range of nearly points it showed
sufficient strength to aid the rest Of the
list by sympathy and closed at net
gain of 2S per cent. The money mar
ket was noticeably easy, which was an
additional incentive to a renewal of spec
ulAtion. Call Loans were quite freely
made at rates below 21s per cent down
to per cent. Outside banks also con-
tinued bidders in this market for mer-
camille paper and are thus realizing con-
siderable sums of money to the New
York banks which are available for
loans in other departments.
The statements of railway earnings
for the second week in October, which
were received, all show continued mark
ed increases over the corresponding Pc
Rod last year, the soft coal roads show
ing an especially noticeable recovery
from their recent heavy depression. The
September statement of the Pittsburg,
Cincinnati, Chicago and st. Louis caused
sharp advances in the stocks of that
company, the preferred stock rising 21s
per cent. Pullman advanced 81 and
Susauehanna and Western preferred
~. While the character of the trading
today did not go outside the profess
sional limits, which have marked it for
several weeks, the undertone of strength
of the market showed the practical ces-
sation of the manipulation by the re-
actionists.
The bond market was not very active,
but prices were generally firm. Total
sales, 81, SOC, 900.
United States 5s were advanced u
bid.
1VI, f<xko1 coll rsf CD lie fn6a
235. 100 shares, including: Louisville and
Nashville, $3.50; c. b. & c., $40; Mis-
souri, Pacific, 1920 New York Central,
S,S79; Northern Pacific preferred, 1854;
Rock Island, 1890; st. Paul, 16,440; IN
ion Pacific, $500; Chicago Gas, 1905;
Sugar, 1850. =
Money on call easier at 2@2k per
cent; last loan, 21s per cent; closed, 20
21s per cent.
Prime mercantile paper SA@4 per
cent.
Sterling exchange easier, with actual
business in bankers bills at 4.S4AQ
4.S4% for demand, and at $4.S1B @4.S2
for sixty days.
Posted rates, $4.S2h@4SSh and s4s5h.
Commercial bills, $4.S1.
Silver certificates. 57A@59e.
Bar silver, 5S%c.
Mexican dollars, 44ac.
Railroad bonds firm.
Government bonds ffrmer.
State bonds dull.
STOCK. Opn Close
Atchison -. -. ........ 29A 30 29ki 30
Am. Spirits -. $50. 1875 1915 1914 1G5s
Am. Tobacco -. -. =. Sis SIS SIS S1at
Sugar -. 80. .....139 141es 1889 141$s
Bay State Gas .....' 49,. 81 6Z 6H 81
Baltimore G. Ohio -. 1914 15% 15A 15M
Chicago, d. &, Q. -. a.. 932s 94ss 93A 9i5s
Chesapeake & Ohio 21as 21R 213s 2l3s
Chicago Gas -. ...... eHs 941a 939s 03ss