The age-herald., 1897-08-15
Markers bY. Telegraph.

measures adopted in the London money market to divert our demand for gold from that market to other centers just as the special demand on London for gold from Russia, Austria and Japan has been in part diverted to this coun- try during. the last few months. The open market discount rate in London has been raised during the week from below l per cent. to IFS per cent, and it is gen. S erally helieF ed Shat the Bank of England will advance it's minimum discount rate | to above 2 per cent next week. Coinci- dent with the rise on the London discount rate there has been a sharp rise in the rate of Paris exchange on London and rBerlin exchange on London. Meantime the. New York rate of exchange on Ber- lin, and especially on Paris, is steadily falling. The inference is that British capitalists. are calling home, capital placed in France and Germany. Foreign bankers in New York believe that the consequence will be that the first gold imports will come from France, and that those are likely to come in a short time. They also believe that London will have to ship gold to New York later, the E amount, of course, depending upon the buying of American. securities by the English pl1.ic. In consequence of the reaction in the market net hanges during the week in the prices of stocks are not wide, the gains extending to two points III COUlDdTdIlNtty 1tW OL lnS lNoohh7 stocks. Burlington, however, rose points and Chicago Great Western "A net; Ot'Hr noteworthy gains Of 7 points or over were:
 z Sugar, Atchison preferred Sss; Buffa'o 70, Rochester and Pittsburg preferred, Bal timore and Ohio, AZ; Cleveland, Cincin- natl Chicago and St. Louis preferred, 1c; Hooking Valley, Lackawanna, Denver and Rio Grande preferred, Evansville and Terre Hauite, 9t do preferred, 5; Great INr41 1aszfs,, rafA MCHr0H.Olif I Traction, 4; Missouri Pacific, Mobile and Ohio, 5A; New York, Chicago and St. Louis first preferred, Sk; do second pre- ferred, 71a Northern Pacific preferrid, 3A Pacific Mail, Pittsburg, Chicago. St. Louis and Fort Wayne, 3; Rubber pre- ferred. S5s; Union Pacific, AZ; Wheeling and Lake Erie preferred, 45s: Ann Arbor preferred and St. Louis and San Francis co second preferred.
 Important declines were shown in the Bal un1one, Brooklyn Transit, Brooklyn Gas, Canada Southern, Southern Pacific, Illinois Steel, La Clede Gas Manhattan, New York Central, Pittsburg, Cineiunati. Chicago and St. Louis preferred, Oregon Navigation preferred.
 F. Transactions during the week ade- quately reflected the views of traders re- garding the financial and commercial out look. Values of many securities appre- ciated notably and the dealings were at- tended with more animation and breadth
 
 years. Long dormant issues loomed into prominence and liens of re-organized roads were in especial favor Purchases for. continental account embra ced round amounts of the gilt-edged and specula- tive mortgages The active issues ab- sorbed the great bulk of operations and general gains were registered with the Atchison, Kansas and Texas, Erie Mo- bile and Ohio. San Antonio and Aransas Pass, Rio Grande. O. and O., Standard Rope mortgages figuring for "a 1D2 per cent. The aggregate sales ssere $20 S45- 900. .4f
 Total sales of stocks today were 272, ,480 shares, including: Atchson preferred, 14,144; Chicago, Burlington and Quincy, 13,946; D. and R. G. preferred 11.521. EI. and N. $50: Northern Pacific Ereferred, 15500; St. Paul, 21 700; Southern preferred, IS. 1S0; Union Pacific, $685. Ameriean To- bacco, 11,500; Sugar 20,S00 Western Union, 6,220; Chicago Great Western, g. OPS
 Money on call. nominally 1M2 per cent.
 Prime mercantile paper, 91.@4A per cent.
 .o Sterling exchange weak with actual | business in bankers bills ait s4S31b@ S4.SSA for demand and alt $4S5ss ss@$4S51a for sixty days.
 Posted rates, s4s21k@$4S5 and $4.S6k@ $4S7,
 Commercial bills, $4S21a.
 Bar silver. 55c.
 Mexican dollars 42c.
 Sta ts- bonds quiet.
 Railroad bonds firm.
 Government bonds firm