The age-herald., 1897-10-13


 unchanged; standard A." unchanged; NO. yellow corn, 26Bc.
 On the produce exchange today the butter market was steady; creameries, 15@21hc; dairies, 12@19c; cheese quiet S@12c; eggs firm, fresh, 1415c.
 In Wall Street.
 Naw York Oct. 12.-tMuch parade was made yesterday of the alleged conversion of some of the leading bear operators pn the exchange to the bull side of the market Today's developments prove that Ithere is a very large and aggressive contingent still left in the market. The operation known 6n WaH street parlance ns testing the market had for several hays failed to cause any marked move ment in either direction That is to say, short selling by the bears had failed to induce amy large Mquidat tion and pur- chases by the bulls had equally failed to invite any large followers. Still the ob- servers had arrived at the conclusion that the market was due for period of dullness, barring the development of some markedly significant news. The hardening of prices last night and the Further advance this morning looked like a terminalton of the bear campaign. Net in the two ffnal hours of the mar azet the bears succeeded in working the sharper decline throughout the whole list tlnan has been accomplished in amy one ifay of their campaign. They had no new event which could influence the value of stocks to aid them and neither was there any cessation in the improve ment of earnings of properties dealt with on the exchange. The fear on the ex- change was that our relations with Spain were in danger of a rupture as result of the poclicy Gen. Woedford was iri- structed to pursue at Madrid. A dis paluch from Madrid to the Associated Press carrying the semi- official an- nouncement of the substance of Spatn's reply it was feared, would force Presf- dent Mckinley to take such action as would lead to declaration of war. Ap- prehension on this point became so acute that large amoupts of long stock Were offered and numerous stop loss orders were uncovered, which gave success to the bears Several inaffectual attempts were made Ito stem the tide, but rallies were only momentarily, and fresh heavy offers kept the liquidation to the close of fhe day. Last prices were in many cases the lowest, and the tone of the market at the last was very feverish. Losses on the day extend all the way Hrom a fraction to over 4 points, the uange in the leading aohive stocks be- ing from to points. Chicago Gas and the grangers were most heavily dealt in and show the sharpest declines. The bond market showed increased activity and shared in the weakness of the stock market though to @ less ex- tent. Total sales S2,450,000. United States new As were advanced 1bc bid.
 The total sales of the stocks today wera 499, 800 shares, including Atchison, preferred 15,S00; Chesapeake and Ohio 6,4OO; Burlington S6,570; Louisville and Nashville 14,220; Manhattan 6,4O0; Mis- souri Pacific Il 300; New York Central 5,600 Northern Pacific, preferred, 26,- O15; Reading 12,525; Rock Island 1962O; St. Paul 52950; Union Pacific 1S,400; Wa bash, preferred, e,250; American Tobac- co 16400; Bay State Gas Il ,450; Chicago Gas 65.720; Sugar 2S,2O0; Tennessee Coal and Iron $500; Western Union 5,210 Chi cago Great Western 10,420
 Money on call steady at 21s@3 per cent; last loan per cent; closed 21s@ B per cent. A
 Prime mercantile paper 4A@5 per cent.
 Sterling exchange firmeu with actual business in bankers bills at $4.S4H for demand and at $4.S2A for sixty days.