The age-herald., 1897-08-12
In all Street.


 In Wall Street.
 ! New York, Aug 1.-The only interrup- s ton to the outward course of prices of stocks today was due to occasional profit taking by room traders. The offerings on this amount were easily absorbed usul puB 3Ieq 6Ivlu5uom 6Iuo qlIM resumed During the early morning the influence of buying for London account was evident, arbitrage brokers taking all the international shares quite freely: London prices also came highfat the opening but before the day was over $. London had turned seller again and it IS 1estimated sold 25, 900 more shares than easwere bought. The fact of this selling z had no appreciable effect on prices FsShares of non-dividend paying stocks were largely bought by local traders, the ESargument being that those stocks are. bound to advance if the promise of bet tter times holds good and if it does not, they cannot recede far. Union Pacific f. was the favorite in this class and was .4-the leader of the whole market in point ! of activity, 51,000 shades being bought $ during the day. The stock was helped by a revival of an old story that the forthcoming foreclosure sale would make the road a part of great transcontl- mental system The stock was heavily bought by professional traders for specu- lative account and closed with gain of 3A points on the day. The exclte5- ment in the wheat market was reflected in the stock market and was large ele-z ment in encouraging purchases. espec-3 ially of the granger stocks, the grain carrying roads in the northwest, west and southwest, all showing substantial p gains and great activity. The dealings in the high-priced grangers were of ? enormous proportions and the Atchison securities and Northern Pacific preferred, were also prominent features. Reports { from western points were of increasing demand for car space to move the grain crop and of the necessity of great exten- z sfons on the part Of railway managers to prevent car famine. Earnings of rail- S roads have also been encouraging St. \ Paul shows am increase for the first week <, insAugrlst of $50, O25 over the correspond Ling week in last year. Canadian Pacific gained $65,000; Missouri Pacific gained $54, 900 and Kansas 6 Texas $12.123. Northern Pacific gained $133,947 for the last week in July. Louisville & Nashville % was active all day, but moved within y marrow limits until near the close when 1t Bumped to a. leading place in the advance with net gain of 2H One of the feat ures of the day was the steadying of the sterling exchange market and the con sequent cessation of talk of gold imports in the immediate future.
 59es The sItiffenening of the discount rate in London, added ho the continued heavy sales here of London holdings of securi- ties are probably responsible for the check to the fall in exchange. Continent ! al exchange contniued weak and down ward. Gains extended over a point in a, large number of lailroad stocks and to.10 q points in c. c. e. & st. l.. preferred. The total sales of stock today were 634 300 shares, including A,1chison, 7039; do, preferred, 43,850; Chesapeake and i Ohio, 1885; Burlington, 39,165; Erie, 7,146; illinois Central, 7,21O; L. &. N 27.257; Metropolitan Traction, 5000; Northern oii Pacific 16,359; do., preferred, IA AGO; On- tario and Western, 8,S10; Reading, 26SS5; [; Rock Gslanld, F, ,616, St. Paul 46,675; South- ern Railway, 6,2l7; do., preferred. 14610; 4 Union Pacific 52 490; T. c. & l., SS2 Chi $ cago Great Western, 33, 200; Sugar, 19S65; 's American Tobacco, 16,320.
 The inquiry for railway mortgages con- binues heavy and reflected the increased confidence in the general siua'eion. Issues s7-sof re-organized properties forged to the front and purchases of the middle grade liens were on largE scale. The general market maintained "a very strong tone Throughout The aggregate sales were s4,27e, 900.
 Governnaent bonds were slightly irreg- ular on. dealings of $2O,o0o.
 Money on call, firmer, at 1@2 per cent
 Mercan. He paper. 394@4A per cent.
 StApling exchange, steady with actual business in bankers bills at sS4.85125 4.S5M for demand. and SASHA for sixty days.
 Posted rates. s4S5h@4.S S61z alnd- s4.Se1 @4.S7 tSs
 Commercial bills, $4.s3.
 Silver certificates. 56@57c-y
 @ Bar silver, 551zc.
 Mexican dollars, i5Ac.
 Government bonds, firm.
 State bonds, dull - bonds, strong.
 PearOleum, no market. ffOminally at