The age-herald., 1897-09-17
In Wall Street,

III w HI sOtreeL
 New York, Sept. 16.-The market clos ed this evening with the general level of prices lower after a day of great ir- regularity and constant movement up and down of the whol= list over nar- row range. Quite a large number of shares showed small fractional gains and few stocks showed notable rises, but the frangers, Vanderbllts, trunk lines and trans continental lines as whole declined during the day. This is true, notwithstanding the fact that London was a buyer of fav5rite stocks all day and all the general news as to improved business and increased earn ings of railroads continued to favor ad- vancing prices. Prices wsre in fact higher at the opening, but liquidation quickly set in and prices generally re- ceded. The closing out of the accounts of a failed firm under the rules Of th@ stock exchange had something to do with the undertone of heaviness which was manifest all day. The fear of inter- rupted traffic in the south from willow fever also depressed the price of rail- roads in that region and sympathetlcal- ly in the whole list. The steady tone manifested in tha exchange market ear ly in the day had the effect of discour- aging hope of the early importation of gold and this had it's influence in aid ing the reaction. This had the greater effect because of the hardening ten- dency of the money market asking rates for call loans being as high as 2k per cent. The marked weakening of the eX- change market in ths last half hour of trading served to steady prices of stocks to some extent, the decline not only being checked but recoveries b5- ing shown in the closing transactions of She stocks. Posted rates for both long and short sterling were reduced kc to $4.S3 and $4.S5h respectively. Tha rate of exchange on Paris was also weak and it seems evident from the action of the Bank of England in maintaining it's minimum discount rate at 2 per cent in face of the continued decrease in it's reserve and in it's stock of bullion that London expects Paris to supply the first demands of this country for gold. But the Paris exchange on London record ed a fall today which would naturally tend to weaken the force of the New York exchange demand on Paris. The heaviness of today's market was nliti- gated from time to time by ths strength manifested by special stocks. Northern Pacific issues were at one time in special demand and showed marked ad- yanceS as was also true of Consolidated Gas, Pittsburg, c. c. c and St. L., Chi cago Great Western and the Minneapo- lis and St. Louis stocks. AM of these reacted from the best but most of them remained at a net advance over last nights close.
 Pittsburg c. c. & St. L. common and preferred show net gains of 1ss and 2 points respectively. In the Minneapolis and St. Louis stocks all three are left with net advances of two points or over Consolidated Gas also gained points net after having been two points higher.
 The total sales of stocks today were ,009, including: Atchison preferred, 1732O; Canadian Southern, $40; Chesa- peaike & Ohio 22,120: c. B. & o., 17,250; Erie (new) 9,6S0; Erie, first preferred, 13,12O; Louisville & Nashville. 17,93O; Manhattan. 9.970; Minneapolis & St. Louis, 67O0; Missouri Pacific, 7,050; Mis- souri,, Kansas & Texas, preferred, 6,360; preferred, 39.220; Ontario & Western, 52,370; New York Central 15S50; Read ing, 2,315; Rock Island, 14.410; St. Paul, 2S,320; St. Paul & Omaha, 6.5SO; Southern Railway, 6,300; Texas & Pacific, 6,O50; Union Pacific. 2s,075; U. P. D. & G., Ill., TAO; Bay State Gas, 24,050; Chicago Gas. 1S920; Consolidated Gas, 5,715; General Electric, 15,765; Lead, $40; Pacific Mail, 10, 0,912, T. C. cS I l3,4UO, western Cnloi, 5,550; Chicago Great Western, 15,S2O
 Transactions in the bond market were on a considerably diminished scale and prices were somewhat easier. The total sales were of a par value of about sS,- 100000.
 The bid price of United States new As was K lower; new As coupons sold at 125Y and do. registered at 126B.
 Money on call firmer at 1R@1% per cent; last loan, 1M; closed at IF per cent
 Prime mercantile paper, 4@4M per cent; Sterling exchange weak, with ac- tual business in bankers bills at S4.S4B@ 4.s5 for demand and at $4.821aQ4S2% for sixty days.
 Posted rates. s4.SSM@4.S41z and s4.S5A @4.S6k.
 Commercial bills, $4.S2.
 Silver certificates, 56Q57c.
 Bar silver, 55Ac.
 Mexican dollars, 43c.
 Government bonds easier.
 State bonds dull
 Railroad bonds easier.
 STOCK LIST.