Birmingham state herald., 1897-05-14
In Wall Street.

New York, May 13.-There was not single effective rally in today's market, and the was the occasional brief buying of shorts in some few stocks to cover. The strength of American securities in London and the buy ing by London in this market which have been factors in the last two days in sus- tatning the market was less conspicuous to- 'duiI In London after the opening here, that market apparently having become discour- aged at the persistent distrust displayed sciirities Quite serious view also was taken in the stneet of the developments at tWashington and the hints thrown ont by sfhe possession of the government of a state \ of affairs existing in Cuba calling for inter course co ' of the senate towards the Morgan resolution and belief that 1t will pass was { taken as foreshadowing a more aggressive tration and the dealers in stocks were in- clined by these advices to discount a possi- ble fall in values e from strained relations I,ns found cre1ence that it was In prospect to idisnlaee the tariff bill in the senate by the for early settlement, a report which was used by the bears with good effect in adding to the weight of of, din the ooo market % The an n Saturdays steamer in face of rather weak exchange market. shows that the limit e nG proat M The marhe stiffened to some extent just before the close of trading. and further shipments of though today's sales were larger than those of yesterday there was no signs of any out side interest in the market aside from the dealings for London account. There was said to be selling as well as buying for Lon don account during the day, but the pur- sales by 1000 shares-a fact to be considered in connection with the exchange situation. The Tnsiustrials shares, which were most largely traded in, namely Sugar and Chi, cago Gas. were under special pressure and although they were influenced by special causes the volume Of the transactions in the general list. The Changers were quite firmly held in the early tradings, but later siiccumbed and showed decline as great
 The losses were remarkably uniform in the most active stocks, the decline ranging red. The total sales of stocks for the day vansouRted to 151 :045 shares. including Sugar sKedslety. I7,OoO: Burlington and Quincy: 1s:;- . Rock Is:and, 5,foo; St. Paul. 1e,soo; Western rt.RGilway bonds eased off on light dealings wltfp The recessions unimportant nj in the .leRdipg mortgages. Some marked losses
 sccrsd however ever 'nclndng h,,s, st st, Louis Cent Land Peoria. Decatur and Evansville -1.s.A 1ts per cent. The aggregate sales were
 Money on call. easy at 1kMl% per cent: last loan. 1N per cent: closed offered at 1k per cent Prime mercantile paper s,@64 per 'bGsfnsss in nankers' bills at s4s7Hds4 STE For demand ard at s4. .s6H 6ts+ S6iA for sixty days: sosted rates. stH and S. H.ss6s4SslH: commercial bills. s4.S5ih: silver certfcates, esasih hc bar silver, sos4. Mexican dollars I4fspuerrner,t bonds firm. sI -s. k.9 ;:
 State bonds. dull. iD
 'sRaflroad bonds, weak. 1
 ~ ACIosing Stocks; WIT
 Afrhi<oa 70 =. .-...s,s...,. fnt4 Iyisrte v Fxpress .. :. 1.: 111-S d lfor sTerre Hapte .s,.'.r- f....gfs"r ,.o so
 Baltimore snt, Ohio. ... ., .:... ........,. 1!E efRnhda Pacihc...L.l.L .l...........s...l. sAls Cenada South erp, ..,,. ,..........,.I.. iG
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