The age-herald., 1897-10-02
Tn Wall Street.

$. In Wall Street.
 New York, Octe 1.-The bulls made their first aggressiye stand today in over two weeks and aftsrfa heavy decline in the earller part of the day they came forward to the support of the market, checked the decline anId brought the closing prices very generally above last nights level. There was nothing in the news of the day that could be counted more favorable than that of the preced- ing ddy or two and a sharp stinening in the rates for caN money during the at- ternodn might b9 called a distinctly un- favorable factor But it had no effect in preventing the recovery and the close at practically the highest point of the day Either this was because the per cent rate which was asked was con- sidered artificial and manipulatiVe or pe- cause confidence wlas felt that 1t would result in the prompt importation CT gold to relieve any probable stringency A further lowering of 1sc in the actual rate for demand sterling to $4S4ss encouraged this view, and the probability or eafhy engagement in g i'd for import was ire iy talked an day The market was surpris- ingly irregular. In ths early trading the raids of the bears on special stocks In each group was successful in depressing fine particular group and in affecting the whole list. The market was afterwards well sustained aud buying on large scale became evident. Buying orders by the commission houses also had added to the strength of the market, outside cus- toner's who had sold short joining in the covering movement There was mark ed charge in uhe whole tone Of the snecupation. the market becoming diull whenever the bears succeeded in check sner the advances and business showing lively increase whenever the course or rrices turned upward. The rallroad earnings reported during the day con- tinued to show increases, Northern Pa cific reporting an increase for the third week in September of $1SS,757. Louls- ville and Nashville net increase for Au- gust was $1SS,749. A striking resulo or the recent sharp decline in the price or Mexican Central, while the gross earn ings showed an increlase of $166,33S, the met earnings showed decrease of $1S5,- 47S This was due, the officials of the road explain, to increased expenses caused by the higher rates of exchange on the,IJnited States in the purchase or n,ateriaI and in other outlay. London was d buyer in this market again to- dav. Some of the stocks which showed ,pealoness early in the day failed to re- cover entirely but net gains, as a rule, ranged from a fraction to per cent. or over. c.
 Railway bonds rallied strongly after ear.ly depression.
 TotaO sales $1,700,00O.
 The total sales of stocks today were BOB. 200 shares, including Atchison pre- ferred 13,5S7, Burlington, 40,711, Chesa- neake and Ohio 7,030, Louisville and Nashville 10,025, Manhattan 14,125, Mis- souri Pacific 26520, New York Central -8.33O, New Jersey Central $500, North ern Pacific 6,S1O, do. preferred 22,Slo, eading $500, Rock Island 23,0S5, St. Paul 3S,727, St. Paul and Omaha 5,3S0, South ern Railway preferred Il 400, Union Pa- cific 1S,345, American Tobacco 6,24O, Chi cago Gas 69,2OS, Consolidated Gas $500, Sugar 2O,135, Tennessee Coal and Iron 11,555, Western Union S,460, Chicago Great Western 12,S75.
 Money on call firm at 21a@3 per cent. Prime mercantile paper 419@5 per cent. Sterling exchange, heavy, with actual business in bankers bills at $4S4Z@ 4.S4A for demand and at $4.S21a@4.S2A for sixty days.
 Posted rates $4.S3@4.S4 and s4.S51s@ 4.86.
 Commercial bills, $4S1.-
 Silver certificates 56%@57kc.
 Bar silver, 55Bc.
 Mexican dollars, 424c.
 Government bonds strong.
 State bonds dull.
 Railroad bonds firm.
 Petroleum, Pennsylvania crude, S5c nominal.