Birmingham state herald., 1897-05-26
In Wall Street.

aS New York, May 25.-There was more ami
 mation shown in the dealings on the stock exchange today than for many weeks past
 and some buying by commission house agents gave evidence of a slight awaken ing of outside interest in the markets. Sales
 for the day reached an aggregate of over
 100000 shares and were much better dis tributed through the list than has been the
 case. in the recent trading There was
 display of considerable strength which car
 Fied most stocks at one time or another
 above last nights close, but sales for profit
 taking were quite heavy and carried prices
 The market is still in control of the pro-
 fessional traders and their tactics offset
 the elements of strength. New Jersey
 Central gave evidence of having reached a
 point of resistance to further depreciation
 and the shorts were driven to rather strenu-
 ouS exertionS to cover.
 The loan rate of the stock was bid up . by manipulation in order to embarrass the sure on this stock for the time being was quite a relief to the market though there was a late reaction in the price. Sugar
 was strong on the belief that the explana- stion offered for the sugar schedule of the : tariff bill In the senate would help it's chance sof passage. The. dealings in the stocks
 second only to those in Chicago Gas Dea.- CTS in the latter stock were inclined to take an exceedingly conservative view of the benefits assured by the action of the Illinois senate in passing the gas frontage and con
 solidated bills on reconsideration The
 the passage but was carried down by heavy
 realizing sales. The tone of speculation
 generally showed access of confidence, vari- ous cause contributing to this feeling. Yes
 terday's decision of the supreme court de- s1iying the right of the interstate commerce [ commission to fix railway rates still ex- ercised a favorable influence on railroad
 values not only account of immediate @effects, but also because it assures the ad-
 vooacy of law to permit railroad pooling C. The money exchange market during the
 day was also regarded as an encouraging factor in the general outlook and account r nlSO taken Of the weak statement of showing total of so 127 16s, an inerease of [ s450,910 over last week and of S2031, ,N2 over Hast year. This large expansion of exports t;is looked to to help offset the heavy imports
 in anticipation of the new tariff and to help {. adjust the exchange balance. Statements
 of railroad earnings were good. especially that of Southern railway, showing an in
 and gross earnings of sSSsl4. The effect 2 will raise thep rice of the stock. The ir- crease in the earnings of St. Paul and Mis- -souri Pacific were considered enco''r"o oirr sthe former showing an increase of $3i.34l and z the latter of $39OOO. New. ersey CentraPs EranRe was Sls per cent, the gain being : The sales of stocks for the day amounted t to 202.00 shares, including American Sugar Sof So.7OO. Burlington and Quincy 1s.7oo. Chi -rago Gas, trust receipts. B. 900 Manhattan 2 Copsordeted 6e00. Pock Island 5,9OO St. ssFhe Ti iI bond @ market % displayed i activity in stile late trading and syrnpathized with the ' buoyancy which existed in stock specula- et5Iep rominent tissues !1 which changes were sSpct e@sertial. The aggregate sales were ! Money OF call easy at 14G1b per cent. alaet loan IF; closing offered at 14I1h. seRrin,e mercantile paper. 3lka4 per cent. $ Sterling exchange weak with actual busi- sness in bankers' hills at S.Mm4 7h for de- Sa1ta1ld and si.s5Q4.S6h for sixty days. Posted rates; S4. s6,s@4@ e ST and $tSsa4.SsiS. Commercial bills $4.S5a.
 Silver certificates e0lsd60ssc
 Bar silver 59ssc.
 z xSNexican dollars. 47%c. Government bonds strong.
 ' Slate bonds dull.
 ss Railroad bonds firm.
 ssslldlllll,. .fis3s4 22foeChT vbg vbgrbg z petroleum Pennsylvania crude, steady, a I,,r hid