The age-herald., 1897-10-09
In w all Street.

In Wall Street.
 New York, Oct. 8.-The bulls were apparently impressed with a belief of the opening of the stock market today that the beginning in force of the export movement of gold would effect turn in the market and send prices upwards again, after a long sustained reaction. Their confidence was dissipated very soon after noon, and the market be- came almost listless. Business was of the lightest possible description and fluctuations were narrow and unin1por- tant, many prominent stocks being en- firely neglected.
 The bears have apparently come to the end of their campaign, and there is no large buying contingent ready to take stocks even at a low level.
 The market seems in fact to have swung to a standstill. The announce ments made today of gold engaged for import footed up 8 total of $4,350, 900, and of this amount all but $1,500, LOO comes from London. Todays engage ments Of $1,500,000 in Paris is the first to come from that center on, the total movement, which now foots up $8,150 coo. This is exactly at variance with all the prophecies made by the financial authorities, who have foretold that Lon don would easily be able to shift the demand for gold from the United States upon Paris. London has apparently viewed with equanimity the increasing demand upon it's gold reserves. The Bank of England has gone on exEand- ing its loans in face of the continuous rOi 'fc
 made on Thursday on its rate of dis count. The open market discount rate in London has remained steady up to t6day, when 1t hardened slightly, and tue same Il ine was true in Paris in re- sponse to the gold engagements The effect in New York, while it was almost unappreciable on the stock market. was perceptibbe in the money and ep.Ehange market.
 Time money was distinctly easier. rates being lower at 3 per cent for sixty days and up to per cent. for four and SIX months. Actual rates of sterling ex change advanced Ac and posted rates Bc. Tomorrowie bank statement is ex- pected to show a much less marked con- traction of loans and smaller falling off Tn deposits than has been the case for. TWO weeks past as a result of the demand for currency from the anterior. This dsmand has been less during the week and the banks have not been at the ner- essity of calling in so many loans to pro- tect their reserves Dealings in the stock market were largely confined Ito the industrials stock and to the specialties and the net changes, though for the most part gains are small except in a few cases. Chicago Gas again absorbed nearly ons-third of the dealing and re- covered 1% of yesterdays decline. Con- soddated Gas improved points, General Electric point and Manhattan -1A.
 The bond marks,t showed more life than the stock market and prices were firm. Total sales $1,500,0O0.
 United States old As registered gained 14 and the 5s registered the same.
 Total sales of stocks today were 220.- 800 shares including Atchison, 11,1lO, do preferred 7.750. Chicago, Burlington and Quincy 12.205. Louisville and Nashville 6.240. Missouri Pacific 5.O25, Rock Island S,445, St Paul 15.63o. American Tobacco 1925. Bay State Gas 7.450 Chicago Gas SOS20 Sugar 10750
 Money on call easier at 2h13 per cent: last loan. per cent; closed. 2hQs per cent