The age-herald., 1897-08-07
In W all Street.

In Wall Street
 New York, Aug. 6--The stock market rebounded today from the depu ssion manifested during the greater part of yesterday, many stocks establishing new high records. The volume of transactions was second only to hat of yesterday in the year thus far and animation was without interruption except for a few brief lulls when profits were taken by professionals Although the dealings in stocks we're in somewhat decreased amount compared with yesterday, the buying of bonds was heavier. The efforts of the professionals to bring about re- aotion were abandoned today and the market seemed to move upward almost without restrairid except for a few excep- tions. The activity psTmeated every de- paftment of the market. The sagging tendency of prices of American securities fin London and the continued large s5ll- ing of them for London account was ig- narad. tSom- of i.ha stocks in which the heaviest selling was done by London, as Illinois Central showed -he widest ad- vances here. There was temporary lull in the advance of soma of the interna- tfonal stocks during the process of ab- Sorption of London offerings. but it was resumed when these offerings were taken. .London's sales were estimated at 25,- 900 shares. The foreign selling was with ou effect on the exchange market, which sank heavily, actual business for demand sterling being done at s4.S6A and for sixty days a. S4.S4, with the tendency still downward. Posted rates are now reduced 1zc. to $4.S6 for long bills, and $4.S7 for EsH aYt ttrxya1 foi nf Tom don selling to affeol, the exchange mar ket led to some surnl.ses that the selling is for short account. Skilled estfmaFes place the amount of American railload stocks still remaining in the London mar ket at a very low figure. Yesterdays good reports of earnings of southern rail- ways continued to exert good infiuenoe on. the g; ocks of ,these roads, The stocks of iron and steel companies reflected an Improved feeling in these trades except Colorado Fuel, which lost IS, and Leather prsferred rose on encouraging reports of prospects i'm the leather trade
 Local gas made further sensational advances. Consolidated Gas and Chi 1cago Gas retained their heavy tone though closing with fractional net gains. Sugar was unable to maintain its rally
 
 fsattan rose buoyantly on reports of a union with surface car interests, ,he net gain being AZ
 Total sales of stocks today were 561 500 shares, including Atchison preferred G. POS; Chesapeake and Ohio, 6,401 Burlng- ton, IA, ,491. Illinois Central. 1O,51o: L. & N., 19,0o0; New York Central. 6,910; North ern. Pacific 9.400 do, preferred, 9,2so; Tc1ea md Do111 4 {. ern Railway, 16,S75; do., prferred, 12410; Union Pacific, 11.300; American Spirits. 1O,S10, American Tobacco 33 ,5OO; Bay State Gas 9,1SO; Chicago Gas, 12,O5O; La Clede Gas, 17S2O; Sugar, 1S,297; T. c. & l., 9,055; Unib:d s S.ates Leather 5s45; United States Leather preferred 17020; Western Union, S,510; Chicago Grean Western, 25,75O.
 Values of railway and miscellaneous securities continue to tend upward on heavy purchases. which include number of the gilt edge liens. The middle grade and low priced mortgages scored the nor. noteworthy changes with foreign pur- chases again in evidence. The aggregate sales were $6, 900.
 Money on call easy at 1@1h per cent; last loan l. closing offered at per cent.
 Prime mercantile paper, 314@4 per cent:
 Sterling exchange weak with actual business in bankers bills at $4.S6A@ 4.Ss1a for demand and at $4S5H for sixty days.
 Posted rates $4.S6@4S7 and $4S7@4.S8. Commercial bills $4.S41a.
 Silver ertificates, 56@56hc.
 Bal silver, 561zc.
 Mexican dollars, 43c.
 Government bonds firm.
 State bonds dull
 Railroad bonds strong.
 |. Petroleum, Pennsylvania, crude, no market.
 Closing Stocks
 fftcIlsoH .-........ .s...'..''.'''' IA Atchison preferred. ........... ...... .... 2Ss4 Baltimore and Ohio. ........... 10sb Canada Pacifc........ ................... 1lsb Canada Southern. .................. 53N Central Pacific. ........................... 10 .Chesape ake and Ohio o.................... 21st Chicago and Alton. ................. 155 Chicago, Burlington and Quincy. 92% Delaware, Lackawanna and Western... 151I3 Erie....... ............... 173s Erie preferred ......................... Al Illinois Central. ........................... 1o7 Lake Erie and Western. ern................... I7pa