The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-08-31


Orleans came to the rescue with good
buying orders and stopped the dssline.
January opened at SIS, advanced TO 6.S9,
declined to $50 and closed at $50 to 6.Sl,
with the tone o fthe market quiet and
s.eady.s With continued favorable wea n
er inlthe south we fear prices win decline
still further. .as--ss RIORDAN &c co.
In Wall Street
New York, Aug. 30--1he stock mark ct
moved up this morning and down this
afternoon, weakness being due apparent
~ to too heavy profit taking in the
Changers. which had moved up bueyantiy
in the morning. Chicago Gas suffered
most severely in the peaction and shows
net loss of IA per cent. Omahs showed
a continuance of Saturdays strength,
and moved UP n per cent. above Satur-
days close. but lost it all Rock Island
alone of the group closed fractionally
higher. The selling movement in the
Changers affected the whole list more
or lsss ard many prominent stocks clossd
below Saturday after-dl1ving been mate
rally advanced at one time during the
day. Some of the recent speculative fa-
vorftss had achieved 50 large an advant-
age that decline left them something to
the good, anti Wabash preferred. after an
advance eff 1A, closed with a net gain OF
~ and Chesapeake and Ohio closed Ss
below the top with "a INST gain of nearly a
point. Atchison preferred, Western
Union and Union Pacific also showed
fractional net gain. These are The nota-
BILE exceptions to the general showing of
net losses i'll the list off active and proni-
nsnt stocks The group of iron and steel
properties were also strong, Illinois Steel,
Colorado Fuel, Minnesota Iron and Ten
nessee Coal closing firm, the latter two
to THE extent OF over point. There was
some renna rkable gains showed in the in
active list notably Lake Erie and West
ern. The common stock of this railway
rose three points end the preferred IL.
Pittsburg, Chicago, Cincinnati ard st.
Louis also rose two points. In the Inter
national group, National Starch shares
sold a point higher, the first preferred 5
points higher and the SECOND preferred
10 points higher Leather preferred sold
UP and then sold down, ard Sugar fluctu-
ated in an cratic manner over narrow
range. The local gas stocks continued
strong on account OF the proposed con-
solicitation of interests Involved. Laclla-
wanna dropped three points on a single
transaction, although the Coalers as a
group, were quite firm.
The days market was almost entirely
technical, the news continuing entirely
in favor of increases of prices. london
prices for Americans came somewhat
lower, but improved during the day with
out apparently having the slightest effe ct
on this market one way CIR the other. The
buying was on large scale, but by prom
L..
tion of commission house orders and the
selling was to take profits, the liquidation
being encouraged also by some talk Df
damage to the corn crop.
The total sales Of stocks today were
49, shares, including Atchison prefer
red $4,000 Chesapeake and Ohio 1880
Burlington, 1850, Lake Erie and West
ern 9,196, Missouri Pacific II ,240, Northern
Pacific preferred $500, Reading 14,105,
Rock Island 225s0 st. Paul 1850. st.
Paul and Omaha. II, 1875, Southern Railway
preferred 7,125 Texas and Pacific 1866,
Union Pacific $500, Wabash preferred
1857. Bay State Gas 1900. Pacific Maia
s. Heather 6.1e9, Western Union 1902,
Chicago Great Western, 1920.
Railway bonds were strong and cener-
ally higher and suffered less from the
reaction than did stocks. Total sales,
$3,5O0,0 600.
United States bonds were bid up X to
u all around.
oMney easy at 16e1E per cent; last loan
III; closed lG1H per cent.
Prime mercantile paper, 3K@41a per
cent.
Sterling exchanges firm, with actual
business in bankers bills at $4.S5fs for
demand and at s4.SS3s @4.s3h for sixty
days
Posted rates .s4ia94s5ta and s4.S6M@
ASH
Commercial bills, Si.G2.
Silver certificates, 62D52c.
Bar silver. 521sc. ~
exbcan dollars. 41Nc.
Government bonds strong.
State Donds dull.
Railroad bonds strong.
Petroleum. Pennsylvania crude market
noplinllly SIS.