Birmingham state herald., 1897-07-03

Sheep-Fat, 2621hc
 Spring Lambs-3l4c. Good demand.
 HfS@essa HeifeTs6sad dsHe sSHHehty' S@S1sc-
 Oxen--Good. 2Ia63c. @e
 OXen-Rough, 1@2c.
 Cotton Letter.
 New York, July 2.-(Special)-The cot ton market has turned another summer sault during the week just ended, and this time prices have gone up sharply. The ad- vance has been remarkable in that it seems to have been brought about largely by sen timent Those who had sold cotton short in the universally favorable reports from the fields found that owing to the strength Of spots, no one was willing to supply them at a profit, and became uneasy. Then it the first sign of dry weather in the south, re- gardless of that fact that few claims of damage to the crop have yet been made, or that the rainfall for June Was ample as compared with other large crop years, or that the cry short time previous had been for forcing weather, became alarmed and view with each other in their eagerness' to cover their lines. Today the market was one of general liquidation previous to the holidays. For the first time during this week there seemed to be plenty of sellers of cotton. Liverpool cabled a very good dis patch this morning and our opening was two to five points higher. The market fiuctuated frequently during the day as or derS were received and closed practically unchanged from last night. Liverpool sold heavily here.
 August opened at TAO advanced to 75D declined to 7.43 again run up to 7.49, eased off to 7.44 and closed at that figure. with the tone of the market barely steady. The extent of advance. owing to the tenor Of our crop advices has been surprise to us. The immediate future prices will demend upon the weather. The short interest has been almost completely eliminated and not the apprehension of one will be necessary, we think, to sustain prices. Seven and quar- ter cents for January should, with fair crop reports, attack many sellers, especially as August contracts can be boughteat Less than 7.50, in spite of the exceedingly small stock a 1T n hoMeye usfed ea little panic among shorts has only hastened what was sure to come in tune and that a scramble for cotton early in the season is inevitable and will send us high regardless of the final out-turn of the. crop. The ex- change will be closed until Tuesday, the 6th instant. RIORDAN & co.
 InW all Street.
 New York, July "A vefftable midsum- mer duliness settled upon the market for se curities today and a further step was taken towards the stagnant condition to which the market has seemed to be coming for two days past. There was no feature of significance or importance during the day unless the Hyperhandriacs view be, adopted,
 
 be a symptom. Dealings were very much smaller than yesterday or for many days tant and no animation was manifest at any point in the market. The prospectrof only half day of trading tomorfoW,s fot lowed by a double holiday, doubtless had it's effect in curtailing operatonss and dis- couraging ventures upon new operations But tbis was not alone sufficient to account for the markets conspicuous loss of tone and apathetic condition. The heavy Aquida- ton of Monday and Tuesday was uudoubt- tion that the upward movement had reached a limit of safety for the present. Today's market showed even more marked dispo- sition than yesterdays to wait for an ad- justment to the new conditions. The wait ing and the semi-stagnation were accom- panied by quite a marked frmnesssof tone in nearly all the leading stocks. St. Paul continued the leader of the market in point of activity and was firm and strong com paratively, in spite of selling of stocks for London account. This stock has been gain ing on Burlington all the week and today with a. small net gain, while Burlington suffered small loss. This was in conser quence of the continuation of the move ment on the part of dealers to transfer their holdings from Burlington into St. Paul. None of the leading stocks ranged as widely. as a point except Sugar and the leading Industrials stocks and some of the Coaiers The general market conditions remain ur- changed, though the addition of dividend existing surfet of money has not resulted in the stimulus to speculation which was hoped for; The marrow movements in to- days market were to large extent due to professional manipulation, such results be- ing easy of accomplishment in such a re- stricted market The total sales of stocks today were 1ss.52s shares, including the fol- lowing: American Sugar, g, 400: Burlington and Quincy, 11,700; Chicago Gas. 19. 100; Man. aoe' as.'an o0n'0"aa'e'' 0''VV ana s'' faai' 4i7
 The bond market developed fair degree of activity, but values were little changed except in a few instances, which special influences operated. There were generally centered in the laeding mortgages but it is worthy of note that no trapsactions were registerde in Northerni Pacific 3,s, which usually absorbed considerable of the deal- Ing. The aggregate sales were $1,42tOOp
 Money on call easy at 114Q11s per eeflt last loan 11s; closed, 11s. ss4elJ :. Prime mercantile paper 3T4 per cent. ness ssfs in 6anrs Bs wesf e sfsad for pp aa mand, and s4s52i QiS4. SC for sixty days Posted rates si;sGHas4.S7l4 and sf.ssayi,SsK
 Silver. certificates 604aGo1sc
 Bar silver 6lc.
 Nexioan dn'lar~ IT
 Government bonds firm.
 Railroad bonds firm.
 CiOslIlh stvcA..
 Atchison .-..s.................... I2H Adams Express. ........................... 152 Alton, Terre Haute. .-........ ............. GO American Express. .-.-...,.. ............. 1l3M Baltimore and Ohio. .......... ........... 10st Canada Pacinc. ....-... ......"......".. 65 Canada 5Soutnern' .......,.........- 90 Chesapeake and Ohio. 13N z bfoo eo and AltoY Chicago. Burlington and ouincy...... ssa Ii, 1nicaR9 Sas, ..t.':'..''..... DIS Teiaware Iashawanna and ws,tern. is7s is7s Distillers and Cattle Feeders, .......... .... Erie...... ..-s.i............... 14& Erie preferred: .-..-................... 34 Illinois Central. ......................... 97n Lake Erie and Western. rn................ 4 Lake Iase Erie Erie and Western preferred .;:; ,ss LanisyiiSe and N.abv bviiiiiea a'''''''''' iey