The age-herald., 1897-11-20
In Wall street.

New York, Nov 1a-The market today continued it's dull and marrow character, though at some slight improvement over yesterday, both in the volume of trading and in the movement of prices The ex- treme rise on the average was geaterr than yes erday, but realizing sales in the last hour reduced, the net gain to very narrow fractions in most cases. The movement in the specialties was much freer than in the standard railroad stocks and Sugar and Manhattan ran one fme points higher than yesterdays close. and sharp gains were also shown by Peoples Gas. New Jersey Central. Reading first preferred and Lead pre- ferred All of these gains were very materially lesse ned before the close, West Chicago Street Railway was quite active and strong, and rose nearly 2 points But Consolidated Gas occupied the middle of the sage and was the cen ter of attention all day. This stock opened 31s points higher on the belief that a large individual interest on one Of the local gas companies which had been holding out for the best terms, had been brought into the agreement for the amalga ma ton. The stock mounted up- ward by wide bounds, some times over a point between sales to 1931s. But the very great scepticism in the speculative mind regarding published utterances on the passage Of the plan of consolidation then became manifest in the equally fe- verish course of the stock toward a low CT level. It got as far down as 1SS and after vibrating in a very cratic man. ner closed 1@ point higher at a net gain of points. The later weakness in the market was due in part to reports from the west of falling off in railroad earn ings and the widespread difficulty over the maintenance of railroad rates.
 There was talk also that large in- oreases in operating expenses would re- duce the net earnings of railroads for October bslow what has been. counted upon. Buying for London account helped to sustain the market in the early dealings. A feature of the day was sharp dlse, of hc in the rates of sterling exchange both for demand bills and cable transfers. This was in part the reflection of a stiffenHpg in the dis count rats in London where the Bank of England is again borrowing money in the open market with the purpose of controlling the private discount rate and relieving the pressure for gold on that center. Money in this market eontin- ued very dull and easy in all depart ments Not only 1las the dGaness of speculation reduced the demand for money, but there has been quite heavy flow of funds during the week from n- terim points. Tomorrow's bank state ment is expected to show material in crease of available monsy.
 The bond marlsets,was moderately act i've and prices advanced. Total sales, $1,345,0 900.
 United States fs registered, and 5s. advanced, 1sc bid.
 The total sales of stocks were 199,4 ,455 shares, including Chicago, Burlington and Quincy ex-dividend: 15,330:5 Manhat- tan L, 7,425; Missouri Pacific, 5,520; Rock $sFand, 10,135; St. Paul, 12,350; St Paul, and Omaha, 5105; Peoples Gas, 13,940; Consolidated Gas, 13,603; Sugar, 53,991
 Money on call easy at 11s@2 per cent; last loan 1%@2 per cent closed 2 per cent.
 Prime mercantile paper sls@4k per cent.
 Sterling exchange strong with actual business in bankers bills at s4.85k@ for sixty days.
 Posted rates $4.SSk@4S61s.
 Commercial bills $482.
 Silver certificates 58Q59c.
 Bar silver 5Sc.
 Mexican dollars 451sc.
 Government bonds firm.
 State bonds dull.
 Railroad bonds firm.