The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-08-25

New York, Aug 24-The opening Of the
stock market this morning showed a live
ly awakening of outside interests, as ill.,
Dictated by large volume of commission
house orders which had come, into the
brokers officers over night, and which
kept up an animated tone in the dealings
during most of the morning. There was
also heavy buying for large individual
interests and prices of some stocks top
ped the years record. The preferred
stocks of southwestern raods were nota-
bly, strong and continued firm all day.
The Changers were leaders in point of ae-
tivity and strength, butt realizing sales
were heavy at a given point in their ad-
vance, forming a barrier. The course OF
the wheat market was watched with SYM
pathetic interest. So far as its decline
was due to REPUTATION of crop damage
rumors it helped the stock market. But
when the ce b3es brought news of break
in England and a decreased demand for
wheat, railroad stocks responded with q
sympathetic decline. The falling off in
prices of American securities in London
was ignored at the opening here, partly
because 1t was attributed to the Settle
ment which begins tomorrow. But later
dn the day the cable reported the London
market heavy on news from India. The
cable also reported that the continued fall
i'm silver is an unsattllng influence in that
market. Silver to-day fell Nd in London
to 27ad, which is sd below the previous
lowest price. A small withdrawal of gold
from the sub-treasury for shipment to
Canada might be counted as a slight de-
pressing influence. The continued eass in
the money market is not indicative of a
Il ~ s,,+o,
such as is looked for in a. period of bust
ness revival, and while call money at 1
per cent. is an incentive to speculation as
an index of bull operations 1T is reflected
as distinctly disappointing. At the same
time leaders of money are in expectation
of an early demand upon them for in-
terror trade needs and there has been
some additional accumulation of funds
here recently in anticipation of such de-
mand. Leather preferred was Aotably
weak on account OF disappointment that
The dividend rate was not increased and
lost 11S. Cotton Oil preferred on the
other was strong and gained "a per cent.
net. Illinois Steel fell off ~ National
Lead advanced Us, mostly late in the
day New York, chicago and st. Louis
is preferred fell off points, Most Of the
active stocks showed fractional net ia
clines, but there was gains scattered all
through the list. extending to a point
in Chicago, Indianapolis, louisville pre-
ferred; Cleveland, Chicago, Cincinnati
and st. Louis; La Clede Gas, Lake Shore
and Oregon Navigation preferred.
The bond market was strong and firm
against the decline. The total sales of
bonds were 81, S50,000.
The total sales of stocks today were
412,350 shares, including Atchisor prefer
red, S2.612; Chicago, Burlington and Quin
cy, %, 420fh Missouri Pacific, 10000; Nor. n
crn Pacific preferred, II 400; Chicago
Northwestern, 9,160; Reading, $500; Rock
Hsland, IL, $50; ST. Paul. IA 400; American
Tobacco 1850; American Spirit 1910;
Chicago Gas, 1910; II. C. & L, 5,720; United
States Leather preferred, 1900; Western
Union, 7,15O; Chicago Great Western, TO-
$50.
Money on CALL easy, at 1@1k per cent;
last loan, IN; closed, 1914.
Prime merca nidle paper, 3A@4R per
cent.
Ste41ing exchange weak, with actual
business in bankers bills ait $4.S5A 04.S5R
for demand, and at $4SSss 04.S3A for SHY
days.
Posted rates. stS4k@4S51z and $4.S61k@
Asst
Commercial bills, s4S2@4S21a.
Silver certificates. 52@52hc.
Bar silver, 51@51Ac.
Mexican dollars, 39hc-
Government bonds, irregular.
State bonds, dull.
Railway bonds. strong.
Petroleum: Pc. nsylvan a crude, ne mar
kei, ncminally, S5c.