The age-herald., 1897-11-12
In w all Street.

New York, Nov. 11-EStocks proved un- able To lhoM the gains of yesterday, and prices today haive declined to an extent ,vqp5ch practically wipes out adl of yes- -itssrtTay's advances. net declines extending { ito a point or over in a large number of standard active shares. The decline of American securities in London before the opening there caused weakness at the puset. and London was also quoted an active seller in this market all day. After quite strenuous resistance to the de- scline just after the opening the market gave way and with the exception or pc sfods of dullness and Stea d1nesS the course of prices was downward during the remainder of the day. London sell dng was quite a factor during the day, and the revised estimate of bhe decision concerning the antitrust law in the ap- peltate division in the supreme court at Albany yesterday was also a depressing influence Apparently the conviction in iyyadf streeit tllat the law had been de- tIaredl unconlsItibutfonaa obtained until today and a realization that the validity of the law lRad not been passed upon and that the incidental opinion expressed in the decision rather pointed towards uphoIding its validity, materailly weak ened prices. This weakness was especial ay manifest in the coaaers and the in- dustrial specialties and had something to do with the sharp decline in Sugar, winch at the extreme amounted ito points. Sugar moreover was weakened by Spe- ciaIl considerations, one of which was the probability lhat the control of the Hawaiian crop was about to pass Ito its competitors. There was also some ap-
 xn 1g-ta1.x, 1tf the government on the question of coun- tervailfng duties on Dutch refined su- ears, a auesifon wai;eih is the subject of diplomaltie negotiations. The dealings ,rn this stock were large and the ffuctua- tions in It's price affected the market Oy synrpaythy quite strongly. Consolidated Gas also suffered one of its characVeris- tic slamps of 61s points to 190. Sugar touched a price today fully 8 point Mower than its previous low point on the ureseut movement, butt 1t rallied quite strongly a poilat in the closing trans- actions
 People's Gas, the ,Becessor company to Chicago Gas. was markedly heavy throughout the day, and closed with net decline of nearly 1k. The South westerns were weak, notwithstanding very favorable showings of earnings for ina first week ins IN owe mber. That for Missouri. Paclhc showed an increase of s166,e00 over the corresponding period last year and Kansas Pacific an increase of nearly $S0,O00. Chesapeake and Ohio WAS the only railway ito report a. ds- cline for the first week, which amounted to S14243 The railway list was weak throughout, and net losses of point or upward are shown all through the active list. The dealings in Sugar were almost fourth of the total
 There was g. falling off in activity in the bond market and prices declined in the latter part of the day. Total sales S1, ,44o,0 900.
 United States As. registered, and the new As, coupon rose H bid and the new As registered E bid.
 The total sales of stocks today were 2S7,710 shares, including: Chicago, Bur Hngton and Quincy, S,705; Louisville and Nashville, il ,145; Missouri Pacific, 9976 Northern Pacific, preferred, S,4S5; Read ing. 5.910; Rock Island, 19,201; St. Paul. 2s,790; Union Pacific, 6,3S0; American To- baeco, 773O; Peoples Gas, 1z1S0; Sugar. e5. 590; Tenmessee Coal and Iron, 5615; Chicago reat Western, s,6O5.
 Money on call steady at 11s@2 per cent last loan. 3 per cent; closed, 11k@2 per cent
 Prime mercantile paper, 3A@4h per cent.
 Sterling exchange firm, with actual business in bankers bills at $4.S5A@ 4.S5h for demand and at $4S2k@4S2% for sixty days.
 Posted rates. $4S3lk@4.s6h.
 Commercial bills. SASHA.
 Silver certificates, 57kG5shzc.
 Bar silver. 573sc.
 Mexican dollars, 45c.
 Government bonds strong.