The age-herald., 1897-09-14
In Wall Street.

NeW Ofk, sept. lo.-lne most lnlef- esting fact connected with today's stock market was that the principal support accorded the market was through buy ing orders cabled from London. The buying by commission houses here was good, but aside from that the local op- orators sold heavily, not only here but in London. The check in the decline here was credited to London buying, and the London favorites displayed the greatest steadiness until too late for London dealings. Altogether London bought 50,000 shares. The stocks most largely bought by London were St. Paul. Kansas and Texas preferred, Union Pa cific and Southern preferred. If it had not been for the upward tendency of prices at the opening in sympathy with London quotations it is probable that net declines would be much greater than they are Thus the extreme de- cline in Burlington was points; in Missouri Pacific, 2B; in St. Paul. Rock Island and Northern Pacific preferred, 15s; Manhattan, 2B; Mobile and Ohio, 21s, and in a large number of shares over a point. The rise at the opening and partial recovery at the close makes the net losses less than this, but the average in the active stocks is little less than point. The good influence of the extra dividend last week on St. Paul was the cause of the London buying. The New York selling was attributed to . yellow fever and to an apprehension that the Cuban question would again assume an active phase at the cabinet meeting tomorrow. It was somewhat notable, however, that Louisville, which has shown most sensitiveness to yellow fever reports, closed with a small gain. I That some enormous speculative hold fl ings were in course of liquidation today was obvious, and there is little ground to doubt that the owners were impslled to take profits by a conviction that prices have fully attained a level com- mensurate with developments affecting the value and the earning power of the properties. The decline was encouraged as much as possible by the bears, and the effect of fierce raids was evident in a number of prominent stocks. The bulls made an effort to check decline by pushing Omaha, Kansas and Texas preferred and Northwest, and were only partly successful. Omaha was lifted 2A; Kansas and Texas preferred the same amount, and Northwestern 1A. All three reacted sharply, but were left with substantial net gains. Tennessee Coal and Minnesota Iron were mark edly heavy. Illinois Steel and Colorado Coal made sharp gains. Local gas stocks showed weakness, East River declining SA and Brooklyn Union 2 points. The industrial stocks generally shared in the weakness of the market, Lead leading the decline with loss of nOiOfS Silver ccprpd f1,rt cI, decline of 1k cents in New York and Esd in London.
 The total sales of stocks today were 5S7,573 shares, including Atchison pre- ferred, 1S.s65; Chesapeake and Ohio,- -14,- 250; Burlington, 26,900; Louisville and Nashville, 16,720; Manhattan L., 1S925; Missouri Pacific, 14.40O Missouri, Kan sas and Texas preferred, 26,6OO; New Jersey Central, 6,700; New York Gen. tral, SITS; Northern Pacific, 5.71O: do. Island. 2SS2O; St. Paul, 5S, 700; St. Paul and Omaha, 12,200; Southern Railway preferred, 14,7O0; Union Pacific. 22.250: Wabash preferred, $500; Wheeling and Lake Erie, 5000; Bay State Gas, S,3OO; American Tobacco. 1S,600; Chicago Gas, 8925; Sugar, Il, 200; Lead, 13,270; Western Union, 10,820; Chicago Great Western, 1O,45O
 Speculative mortgages scored sharp declines, but higher priced bonds held firm Total sales, $36OO,000.
 New As declined 112 in the bid prices.
 Money on call firmer at 1h@2 per cent; last loan, 2 per cent; closed 1k@2 per cent
 Prime mercantile paper, 3%@4h per cent.
 Sterling exchange weak, with actual business in bankers bills at $4S5A O 4.S5as for demand, and at s4.S3A@4 S39s for sixty days.
 Posted rates, s4S4@4.S5 and $4S61s@ 2 4S7
 Commercial bills, $4.82
 Silver certificates. 51k@521ac.
 Bar silver, 51hc.
 Mexican dollars, 431bc. :
 Government bonds easier.
 State bonds dull
 Dot