The age-herald., 1897-08-20
Tn Wall stree,.

/ RI0RDAN 6 CO.
 In Wall Street.
 New York, Aug. 19.-The stock market today tried to show itEelf sensitive to un- favorable influences to marked degfee.s At no time during the day did the course of prices indicate any aggressive str tn. The liquidation at times was quite heavy especially in the iEternationals and tne grangers. The principal factor in the sit- uation was the heavy selling for foreign account, the sales of wheat for that ao- count being estimated at between 2oo0000 and 3,000000 bushels for the day. So much stress has been laid for seYera, weeks past on the foreign need for our grain crop as giving the best assurances for prosperity to the farming population and better times for all. that it was but natural that the depressions shoul1 he closed by today's disposition of foreisn-s CTS to sell back to us the wheat they have purchased. This development i'll the sit uation gave the greatest aid to the pro- 1essional bears who have been working so persstently for a reaction in the price of stocks. They were also assisted by the reactionary tendency on the L.ndon ste ok market which embraced all the securi- ties, including those of American rail- ways and whichsw was due to the hostili- tics which have broken out on the Indian frontier London also sold quite heaVily in this market for nearly all the inter- nationals Another depressing influence was the reports which are industliously kept in circulation, of continued cold weather in the west, causing danger of a lessened spring wheat crop and delay in the maturity of the corn crop. The course of the exchange market today caused disappointment to those who have been looking forward to early imports of gold as an additional bull factor in the stock market. Actual rates for both long and short sterling rose about Ii cent in spite of the fact that the open market discount in London showed an easier tone and that the Bank of England refrained from raising its minimum rare of dis count today. The foreign selling of grain and the continued selling of American se- cufities for foreign account helped to stiffen exchange rates The failure Of thS Bank of England to advance it's rate ofSdisoount is regarded as evidence that mo fear is felt of an immediate orain of gold from England. These causes c3n- bihed effected quite marked reaction in the prices of stocks generally and this was accelerated by the discovering of stop orders. But the falling movement seemed to lose it's force in a short time and the market turned into one of ex- treme dullness. Supporting orders were found to be forthcoming at the low point and those who had sold out, apparently wanted to buys tocks again and hold Tor a rise. Sugar was quite a prominent af- fair and touched a new high record at l50raiding materially in rallying the mar kef It sold off again to near the low est. A buying demand in the ccalers late in the day was also of material assistance in raising prices from the low point. The bears raided the market again just at the close, causing prices to ease off after the rally. Nevertheless net losses, though general, are for the most part, small. General traffic returns for the second week in August for the Southern Rail- way, Chesapeake and Ohio, Chicago Great Western and Louisville and Nash vire gave a firm tone to these stocks and helped to steady the market. Brook yn Rapid Transit showed strength on &C., count of plans for crossing Brooklyn bridge.
 The total sales of stocks today were 327, ,75O shares including Atchison pre- ferred 15,320; Burlington 22,6S0; l.. & N. S21O; Missouri Pacific 16,530; Northern Pacific $500; Southern Railway preferred 7,6SO; Texas & Pacific S72O;, Union Pa cific TOTO; Sugar 2S,35S; Chicago Great Western 14,245.
 The bond market yielded on moderate realization in the speculative issues. The general market was pronounced in gains and in late dealing.
 Government bonds were easier and closed steady
 New York, Aug. 1s.-M9ney on call easy at 1A@A per cent; last loan IA
 Prime mercantile paper SA@4as per cent.
 Sterling exchange firm with actral blisiness in bankers bilis at $4.S5sa for de- mard and at s4.S31s@4.S9% for sixty days.
 Posted rates, $l.S4A@4.S6 and $4.S61s@ 4.S7.
 Commercial bills, $4.S2.
 Silver certificates, offered at 53c. Bar silver, 52c
 Mexican dollars, 397sc. s
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