Birmingham state herald., 1897-05-19
Tn Wall Stree.

In Wall Street. aala- .-
 New York May 1S.-The tremendous -pe- tentialty for evil ways latent in the east ern question was assured to some degree by the sense of relief reflected from the exchanges of the world today over Tur- keys acceding to the terms of the bowers for a cessation of hostiities against Greece. Values all over Europe improved from mo- ment to moment and even American zsecuri- ties, remote are the properties they rep. resent from any danger of harm in the eat alycism of an European advance in prices throughout the market. The improved tone abroad was the salient influence in the market, but it was helped by various favorable domestic factors in the situation. The further weakening of the exchange market, both for sterling and continental exchange. added to. the conviction that if any gold is exported this week the amount will be small. There was in the tone of the stock market a reflected indifference to the possibility of action by the senate on the be to Spain. This was partly due to the be- lief prevalent in Wall street that the ad- tive policy on Cuba, but holders of securi- ties are less inclined to timidity on account of agitation of the Cuban question than was formerly the case. Perhaps the limited volume of trading was due in part to the Cuban discussion in the senat, the sales reaching only lS5 900 shares. res L., Oyer half of yet the sales were better distributed through the list than for some time past. share of activity. Chicago Gas was the leader of the market and was strong all day until just before the close when 1t reacted came next in point of activity and moved nearly parallel all day, showing very viz orous strength. St. Paul. however, showed a slight decrease just at the close. The. strength in the grangers was a material factor in the strength of the whole market the northwest and the Increase in St., May of s14.s4S
 also continued their showing of increased earnings in the second week's statement. ri s s and aGa ssas wtP a m ond Gulf of $29, 6S5 London was a small buy CT of stocks, but was also 6 seller, and how curately stated Tobaco moved up 1A at the close under manipulation. St. Louis and San Francisco first preferred advanced. s'k and Norfolk and Western 1N. Union Pa cific and Western Union gained point each and Leather preferred. 1A, Fractional net gains were made through the entire list. The market closed strong and; generallY at
 Te total sales of stocks for the day ican Sugar refinery 11.1Go: Burlington and Quincy 15100 Chicago Gas, trust receipts 1S.7oo; St. Paul r 300; Western Union 6Ooo; Money on caii. easy at ih5s1t6 per cent; last loan, 1h per cent close! 1%@lh < 11 per cent. cent Sterling exchange easier, with act'lai n business in bankers bills at s4. 4.s71l ds4at for demand and at st S61s@st ssk for sixty days, mercial bills, s4s5A 1si, ,S51a Silver certif-s -s cates, 611bc. Bar silver, 60Ac. Mexican dollars, ,47asc. FsT~s"a
 Government bonds steady. F %.ss State bonds, dull. n FE6 t- e8 ; Railroad bonds. firm. -.4 # 2 { The bond market ruled fairly active with general -higher, pricessf current. Some few exceptions were noted, but these we're ceri- tered in low grade ins rtive liens. The ag- gregate sales were H,3O4,OO0 sts " F Closing Stocks: N@ E !, sfchison .......,.. .......-....... EA Jess Adams FxpresS. S................ 14S