The age-herald., 1897-11-30
In W all Street.

unchanged RIORDAN & Co'
 In Wall Street.
 New York, Nov 29.-There was an ac- emulation of commission house ofuers on the market at the opening or the market this morning. which had come in over Sunday on account or the strength of lthe market displayed on Saturday. Americans also sofa hlgher in London today. As a consequence the market opened with quite animated buying movement and advanced d marked fraction along the line Bue the buyers of Friday and Saturday m mediaitely set about realizing their pfoi- its and the rise came ito an untlmey end. Tha motive offered for the selling was the withholding of the decision Tn the maximum freight rate case ey tiie supreme court. There were occaslohal rallies during the day, Sugar mounting strongly upward after preliminary decline to the extent of almost pelnts. There was very heavy speculation in fbis stock during the day. sales amount sno. to one-third of alA the sales, of over 100 900 shares and it's prices closed un- changed from Saturday. There was also I some buying for London account on the decline to cover contracts made dn Lon don at the earlier higher level and this also helped to steady the markeo The early weakness soon overlook it and was the prevailing tone for the balance of the day, net declines reaching to nearly a point in many leading stocks and ex- ceedtng that in special cases. Manhat- tan was markedly weak all day and suffered a net loss of 1%. Peoples Gas also developed late weakness and lost nearly a point on the day. The Gram gers were quite conspicuous in the de- cline as immediately in the Nezraska maximum freight rate case.
 One result of the early rise and the &C., tive speculation in Sugar, stocks ran up to nearly 900 shares before noon, a. figure in excess of any total days trad ing for several weeks. The continued strength of the sterling money market attracts much attention in view of the status of the international balances. Posted rates were advanced 1ac for both long and short sterling. There is feeling that a buying of long exchange, the leaving of funds due on balances abroad and the arrivals or gold at san Francisco from Australia are combined sufficient to account for the strength of the market, and there is much heavier selling of high class American Securi- ties by Earopean holders for transfer to this side of the water than on theesuf- face appears. The heavy increase in the loans of clearing house banks amounting ito over $14000 000 as shown in the Sat prdoy's bank statement is also being closely scrutinized. The explanation that the increase was connected with the Union Pacific company's payment to the government does not entirely cover the grounds as the expansion of loans prsvi- ous to Nov. 20 was about sufficient to account for that operation and was at trfbuted to It. Saturdays statement seems to indicate that the payment to tiha government which was left on de- Y,osit in the banks had also been i'm mediately replaced in loans. As the Union Pacific Reorganization committee was also supposed to have secured all needed funds before last Mondays pay nyent to the government it is difficult to account for this large absorption of money in view of the known condition of the money market, demand for money hsiug very dull in all departments.
 The bond market was quite active and broad. and prices were higher in almost every case Total sales, $1, 800, 900.
 United States old As registered arc K higher bid; the 5s A higher bid, and the new As E higher bid. There were sales of the new As coupons at 12S1s. the highest on record.
 Total sales of stocks today were 322,- 100 shares, including: Atchison prefer red. 4140; Chicago. Burlington and Quincy, 24.905; Louisville and Nashville, 9,149; Manhattan. 27770; Metropolitan Street Railway. S.654; Missouri Pacific, 6.27O; New Jersey Central, 10,660; New York Central. 3.43O; Reading 6,220 Northern Pacific preferred, 1S,255; Rock Island. 9,s6O; St. l.. & s. F.. second pre- ferred. ABBA; St. Paul 21.920; Union Pa cific. 5,250; Peoples Gas, Il .406; Sugar. 1O0.070; Amerdcan Tobacco, 2.442.
 Money on call easy at 11a@2 per cent; last loan, 11k@2 per cent; closed ? per