The age-herald., 1897-08-14
RIORDAN & co
In Wall Street.


 factors combined today to exercise
 rather depressing influence on values on. k the stock exchange. There were also , other incidents which, while not calcu- , lated to have any effect on intrinsic !, values seemed to put a damper on the
 speculative ardor which has become ram
 pant in Wall street. The tons of weak
 ness and hesitancy in the wheat market
 on account of lower prices abroad aed a diminished export demand wers most rs. keenly felt in the stock market. The grain carrying roads, of course, showed
 most sympathy with the wheat market as being most immediately affected But
 the market was more or less influeneed
 on the ground that return of general prosperity would be helped by good \, prices to the farmer for his crop Bhan for
 anything else. Besides this influence to- ..,- - wards a halt in the rise of prices more
 substantiel and solid element of speeula- , s tive buyers looked decidedly aslSance at - the speculation which broke out yester- : day and today in what the street apty
 terms "cats and dogs, meaning dlscal u-
 ed odds ard ends of stocks and securities ' which no longer represent anything or 7 any appreciabie value in the whole Woslo e There was more or less movement in this | class of stocks, as was the case yester- / day, but advices were by no means a1fs -t--
 
 strength displayed during the day was
 by some of the great industrial stocks
 which have recently been rather neglect- ' ed Sugar being the most notable exam- ple These Succumbed with the rest or i the hst to the downward tendency before t the day was over. No little effect was produced on the market by the heaviness in Northrn Pacific preferred, which has' . recently been prominent for strength < Liquidation, which set in in this stock. yesterday on the announcement Of the z new presidency continued today. Frienos : of the property called it profit taking s The stock sold down 1A and lost 1A net.
 Louisville and Nashville also suffered a from profit taking. London both bought . and sold this stock. It is<Deginning to appear that while regular arbftrage ' brokers have been consistently sSlling in 2 this market for London account some E large foreign houses have been buying
 stock in this markt for foreign capital
 ists The CoaleIss took quite prominent s part in the downward movement of the a1s 7 market. The Grangers, Burlington, St
 Paul and Chicago Great Western were
 most active, showing sharp declines at
 one time from the early high v oint of
 from 13s to 2as, the latter In Burlington. Q But subsequent recovery left the net, S changes fractional. Union Pacific which
 continued quite active receded at one
 time 1Ss, but party recovered. The ex-
 trnne decline eached near or over point :. in a large number of active stocks.
 Tho total sales of stocks for the day
 were S69,570 shares, including Atchison, 6,950; do. preferred. 16.651; Burlington, s.
 S50 Chesapeake and Ohio, 11,014; D. & R.
 G. preferred, 6,760: l.. & N, 16,070; Mis- souGi Pacific, S,S70 M K. 6 T., 12,500; : Northern Pacific, 7.S75; Realding. 14,600; o Rock Island, 13,3s5; St. Paul, 13,7S5; ' Southern Raifway. 6058 do. prafsrreds :. 19,37s; Urion Pacific, 30.120; Union Pacific, 7 Denver and Gulf, 5,320; w & l.. E., 6,499; z American TobaoSo. 19,176; Chicago Gas; !, 1860; Pacific Mall, 12,3oO; Sugar, 27,7oo: {. Western, 34, 419; Northern Pacific prefer
 red, 42150
 A fairly s3rong tome permeated the bond spsculetdon during the early part of the l. day but in the late dealings the marked :. depression in the sock market exerted / an iMisetthrg effect upon the speculative :. isszltes geneually The aggregate salees
 wore 2,2S6, ,000 fi Z Governments display cd a sagging ten-
 dency on moderate trading.
 Money on call easy, at 1Q11S per cent t East Eoan, Der cent; closed, offered ait per cent. s Prime mercantile paper, 3H14A per
 cent Sterling exchange weak, wtsh actual business in bs nle CTS bills at $4S51S for de- nland and at S4.Sv1hG04 S3% for sixty days Posted rates, $4.84h@4.86 ani $4 S6A0 4S7 " Commercial bills, s4.S21l. Silver certificates. - , Bar silver, 55c. air !. Mexican dollars, 421hc Government borda, elasier.
 } State bonds, dull
 Railroad bonds, strong.