Birmingham state herald., 1897-05-01
Tn w all Street.


 New York, April 30.-The prices of active stocks scored an average net loss of about B per cent. today, which is, probably fair measure in influence upon the stock market of the heavy shipments of gold to Europe by the steamer tomorrow Some Of the losses were heavier and some were less, put it was because they were influenced by special causes The dealings were mostly confind to professional trading. Transac- tions were small and uneycnly distributed. Only Sugar was dealt in to an amount of 10000 shares and the total shares were less than 100000 shares. The fluctuations were narrow and outside interest in the market was absolutely dead The condition of the market for American securities in Lon don was equally dull, partly because of to- volume already reached by the gold ship ments is unquestionably a surprise and disappointment to all holders of securities. The withdrawals of gold from London for Austria and Japan for some time past had prepared observers for reflected demand here, but 1t was expected to result in trans- actions in the nature of purchases of gold with a quid pro quo to cover premium. The low price at which sterling demand bills are selling indicates that some such transactions are being made but the large volume of the shipments show also that there must be legitimate demand for re- mttances to meet adverse exchange from the growing out of trade conditions. To- morrows shipments will be S40oo.eo, mak- ing the total for the week S6477,OOO. Fur ther shipments of from s7500e0 to 1000. 900 are already announced for next Tuesday. That this has created feeling of uneasi-
 
 barometer of the stock exchange today. The heaviest declines were in the Coalers snd some of the Industrials. New Jersey Central lost 1%, Lackawanna 1A and Read ing common and Reading second preferred, a point each. Leather preferred and Rub her also suffered to the extent of 1A. and T1nion declined 2 point cach In the railway list. Northern Pacific showed the heaviest next with 1ss. Hooking Valley fell 1h to 1oi6. the lowest in the record of the stock. Burlington and Louisville and Nashville; Lake Shore. Omaha and Lake Erie and Western each fell a point. There was fractional rally at the close, which made net declines somewhat less than these, figures. ket and displayed sufficient strength in the closing dealings to establish net gain of Tho total sales of stock were a4,2o0 shares, incnding American Sugar Refinery 1250o, Burlington and Quincy. s.5oo; Chicago Gas. Ir-icn 5 snN: New Ierrav Central 5000.
 The bond market ruled depressed in sym pay h trs ef tn@ Mers not material. except in remote cases Some few issues were consnicuous for strength, notably Norfolk and Western. New River Is which advanced ner cent.
 rbe sales were ssS2, 000
 Governments were active and generally ogigt with h ssifS sbi; 9f LlS09o ,n0 ner cent ' art loan. 1lS. Closed. 1h6rs per cent. Prime mercantile paper SfI4 per cent cent ness in ha nl-oTs' bills at si.s7Gs4 STA for de- mand and s4 Set for sixty days Posted rates sl e7NsfS71b and ssSh6s4.S9. Com mernial bills, AS5h. Silver certificates, GffhT62c Bar silver. 61ibc.
 Government bonds. firm.
 efate bonds, dull.
 alway bonds, weak.
 Petroleum, Pennsylvania crude, steady. Nav S7ikc Sales, none.
 f-loe'ng Stocks:
 AttllsOu " Adams Express ................,........ 15o Alton, Terre Haute.....,.... ...'......'.' ol American Express .......... ............. 112