Birmingham state herald., 1897-07-01
In w all Street.

New York, June 30.-Today's market for securities was not distinctly reactionary at any time as was yesterdays, but a lack of responsiveness in it and a manifest sense of rebuff among the bull contingent The admonition contained by yesterdays hyely selling by London that the advanee in prices was going too fast even if it was het hes gong eoG far Tas taken to heart and gentleness of deme amor shown by the bulls and the buoyancy was taken out of prices generally. This was the more notable, as there were not such hearty, offerings to real ize profits as was the case. yesterday The result was dull market cofnpared with re- cent days, although the total sales of stocks approached 9o0.000 shares. Of these over Ss,3Oo were of St. Paul; and the aggregate sales f5aes, or f, Burlington; Sugar, Chicago Gas. less than half the total to benaccounted for So far as the gepsral list was concerned there was no cessation of the favorable out look that had accompanied the long and steady advance Railway earnings con tinued encouraging, such as. were published. gold would go out this weektantf the money market displayed a distinctly5 be4tef tones than for weeks past. Rates.for call morfeye for long time past. Merchants and i'm pcrters were in the market for loans on im- ports and to withdraw goods from bond and the demand for money to put into stocks and securities continued After the opening depression the bulls did, in fact carry prices, Changers and Coaers were Aparticularly strong in the upward movement and the 1Ofmer showed the 1rmeSt reSiStence to the subsequent decline. Stocks that rose more than a point over last nights close were Sugar, Rock Island Consolidated Gas, Del aware and Hudson and New Jersey Cen- tral. The subsequent reaction wiped otit the gains through the whole list and the only important stocks to rally to a net gain were Delaware and Hudson, a point, and Rock Island. Manhattan and Tennessee Coal fractions. Net losses were general even at the rally and extended to point in La Clede Gas preferred, Lead, Pullman and Tobacco. There were few special cases for depression of individual stocks.
 Total sales of stocks today were 2S0 09O shares, including American Tobacco, s. 100; Sugar, 2S 400; Chicago Gas, 24 200; New York s; W. zoo: Northern Pacific, 12,50O- Omaha, 5.500: Reading. 7,Se0: Rock island, 1900: St Paul, 37, 300: Western Union, 75O0: New ersey Central, 7.600. s.-,s.fe la1 F..l
 The bond market was inactive but ruled fairly firm, although some of the specula- tive issues fell off slightly on profit takings Transactions in the gilt edged bonds were quite numerous at substantial improve ments in some instances. The aggregate sales were S1,324,000. - r
 Governments c. .-inued firm on lignt dealings. The sales were si0e00. z
 Money on call firm at 1n1h; last loan IL per cent; closed 1A%1h per cent
 Prime mercantile paper 3d4 per cent
 Sterling exchange dull and steady, with, actual business in bankers bills at $4S7M %.aA for demand and at s4.SSA@s4S6 for sixty days.
 Posted rates s4s61sQ$4 STE and s4. SSas4 sSh.
 Silver certificates 60AM601Rc.
 Bar silver 601Ac.
 Mexican dollars. 47K.
 Government bonds firm.
 State bonds dull.
 Railroad bonds dull.