The age-herald., 1897-09-24
In Wall Strser.


 New York, Sept. 2S.-The recovery in prices which began yesterday was con tinued today during the earlier part of the session of the stock exchange and the advance of prices of all stocks was apparently in full force again until the afternoon when the support seemed to i. be withdrawn from the market and prices fell away to a general level be- low last nights close. This was stimu- lated by the report that a local bank had engaged $1, ,O00,O 900 from a bank in France for import to this country, mak ing a total with yesterdays engagement of $2, 800, 900 gold due to arrive. The re- ceipts of gold reported from San Fran cisco as arriving there from Australia also helped the recovery. The acton of the Bank of England in advancing its rate of discount F per cent to 21s per cent was in view of the depletion of its gold holdings and the strain of yester- days withdrawals for shipment to this country. The strength in sugar, which pose nearly points on the report of The trea sury department O apply to coun- tervaling duties on Dutch refined su- gars," helped along the rise. There was support afforded the market all Through by heavy buying of some of the bull op- orators who have been conspicuous in the recent rise. The effect of the gold import movement was largely d1:ap- pointed during the day by a sl5epticism as to it's natural character. The ex- change bankers who usually handle the movement of gold both import and ex- port were unanimous in the opinion that ta the ruling rate of sterling and con Hinental exchange here and of gold in London and Paris tlhere was no profit in the importation of gold and the figures of most of them would indicate quite heavy Aosis on the operation. Much curl- osity was expressed as to the identity of the clients for whom the banks are mak- ing the importation and the opinbon was quite freey expressed that the opera tion was designed entirely to infiuene the price of stochs The failure of the eX- change market to harden under the an- rgouncenrent was quite noticeable. Equal Iy so was the continued firmnesS or rates for call money which became pret- ty well established on the basis of per cent. As Hhese conditions become more clearly defined, the upward move qnent of prices became checked and there were periods of dulness followed by a steady decline offset in the afternoon so that the net changes of the day only O 6 lIdclOn III d s5iiidll HulipSl of cases. The fluctuations ranged from l to in nearly all the active stocks. Among those which gained point or over we're Cotton Oil, Minneapolis and St. Louis and Lake Shore 2A; Minneapo- lis and St Louis and Lake Shore pre- ferred; Norfolk and Western preferred; Oregon Navigation preferred and Pull man. Rumors were disseminated late in the day that further engagements for gold for import had been made, but they ssad inft nfat1 ma r a
 The total sales of stocks amounted to 51O,OO0 shares, including Atchison pre- ferred, 14,70S; Burlington, 21,94S; Hooking Valley, 20,4S0; l.. & N, 10, 390; Manhat- Han, 6T60; Missouri Pacific, 17,790; New Jersey Central, 15,570; New York Central, 10S80; Northern Pacific, 11,S15; do pre- ferred, 22,55O; Reading, 16,1S0; Rock Isl- ard, 14,210; St. Paul, 29,S25; St. Paul and ferred, 6,485; Union Pacific, 51,820; whesl- ing and Lake Erie, 12,050; American To- bacco, 6,S2O; Bay State Gas. 10000; Chi cago Gas, GEO; Lead, S,595; Sugar, 72,- 425; T. c. & l., 5,G55; Western Union, 9,0OS; Chicago Great Western, 10,797.
 Dealings in bonds showed falling off in volume and prices moved in sym pathy with stocks. Toi,ai sales, g, SOC, ,000
 United States new As advanced K.
 Money on call finn at 2@3 per cent; last loan at 2; closed at 2D2h per cent
 Prime mercantile paper; 4A@5 per cent
 Sterling exchange sibeady, with actual business in bankers bills at $4.84%@- 4.84A for demand and at $482%@4.82h for sixty days.
 Posted rates. s4.S3@4S4 and s4s5k@ 486.
 Commercial bills, $4S2.
 Silver certificates, 571h158c.
 Rar s-inxp1. EfAC 4