Birmingham state herald., 1897-05-13
In w all Street.

New York, May I2-Today's market for stocks was almost a repetition of yester- days, whatever strength there was gener- ally manifested not outlasting very long the close of the London exchange and the strength reflected from there which was, however. less marked than yesterday. Lon ties in this market, though not in so large a volume as yesterday. some purchases were also sad to De for Holland. The Union Pacific, St. Paul and Louisville & Nashville, also Norfolk & Western. Some sales for foreign account Were also made. The selling movement in sugar and Chicago Gas became heavy later in the day, sugar being sold on reports of jeopardy to the sugar rscheduie of the amended tariff bill and Chicago Gas on reports of the unlike ilhood that expected beneficial legislation could be enacted In Illinois. This caused the depression spread by sympathy through the list The dullneSs in trading was in part due to the expected announcement of $50 900 by a house which had announced further gold shipments. but these were not forthcoming, beyond increase Of only $0o.OO0 by tomorrow's steamer. Whatever shipments may be made by Saturdays steamer are now expected to be small was foreshadowed last night. There is, in fact. very light demand for exchange goldIt is evident that a very small quan- ttty of these would break the exchange shipments. What shipments may be forth coming on special orders from Europe of course remain open to conjecture The London yesterday and today has tenden- cy to weaken exchange. An increase in the exports from Ioo the the port of New M York for the nous imports of last week and the govern ment receipts from customsfrom day to day show that this weeks imports will hardly reach anything like last weeks figures On the other hand New York exchange on Paris shows a tendency to harden and the Paris rate on London declined slightly again to day, As result of the upward movement of stocks today and the subse- quent reaction net changes are for the character Of the market is shown by the fact that Sugar and Chicago Gas ab- sorbed over one-tfrird of the total dealings and as these two stocks were notably de- pressed they constitute an effective drag on the market. The foreign purchases of 5 ssSehs ssres @ere Ths tota sales off Stocks for the day amounted to 125.536 shares, including American Sugar Refinery. 25,soo: Burline- rseeSts rse % ss Paul iasG p4sferres I 1Gdef Wabash preferred, Il, 100; New ersey Central. :. The bond market maintained firm tone gedIefvlly with purchases for foreign ac- count Rgaiu Roted.ys Gains of slight frac- tions were generally made in the leading issues with the speculative lien absorbing tlIes bulk of the dealings Improvements of 1Q52 pcf csnt were scored in some ofsthe fne as,iv miadis sra1s wsr si9sss s M @ The assrs
 Money on call easy at 1A@k per cent; last loan 11a per cent; closed offered at 1A@ per cent: sterling exchange steady with actual business in bankers bills at &.S7Ap E for demand and at $4:S6h@1s for sixty days. Posted rates s4.s7@s4.S9. Commercial bills $4S511.
 Silver certificates. sO1k@S1.
 Bar silver 601a.
 GoYernfnert bonds firuer.
 State bonds, dull
 petroies,n,' PeuncsvIvaria crude steady.