The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-12-08

WAY Receipts were enoderateS OUT ldiieu
ito have any stimulating effect. january
declined ITO 5.6S and clossd at 5.69 10 DIV,
with the tome of the market dull ana
steady. Although we do not expect amy
important break, we fear somewhat low
or prices RTORDAN & co.
In Wall Street.
New York, Dec. 7.-Today's stock mar
ket displayed noteworthy strength
throughout the day, and the demand for
stocks was broader and more widely dill
fused through the list than had been the
case yesterday and for long time.
There was hesltancy ait the opening,
probably induced by the lower prices
from London, and some of the STOCKS
which developed most aggressive
strength latter, showing small losses at
the opening. This was notably true IN
the case of Louisville and Atchison pre-
ferred. The early strength in the mar
ket was in fact most notable in the
specialtfes. There was a scramble or
competing orders in Sugar, which TOOK
that volatile security up 3ss per cent IN
the first fifteen minutes of trading. IL
dropped 2 points almost as quickly ON
offerings to realize. Southern preferred
was the first of the railway stocks to
attract marked attention, and prices
went up a point New York Central
also showed tendency to recover from
hts weakness, though lis tone was fever
ish. This irregularity of Sugar checked
the advance and activity of the market
at times and there were several periods
of dulness on slight reactions during
1.-THE day 1t was near the afternoon that
1trtk1 x-inaTx
aggressive. Burlington advanced at ore
thine a point, but reacted before the close
and gTangers and WESTERN stocks did not
compare favorably i'm strength with
those i'm the southern region, which to-
day began to feel the influence of some
remarkable showing of gains in gross
earnings for the fourth week in Novem-
Der, which have been reported during
the week by the roads in that region.
Even northern Pacific did not respond
as readily, though its preferred stock
gained a point net on a fourth weeks
statement Shat shows an increase in
earnings over the corresponding week
last year of $3S4,7SO which is only a
shade less than 100 per cent. The weeks
comparison, however, is with a weak
one in railway earnings last year. The
statement for November of New York
Central was regarded as disappointing,
the increase being only $4,000, as COM
pairing with a month of very heavy
earnings last year.
Great Northern for November showed
an incpease of $336.11S, and Illinois Cen
trial 1924 49, The market was helped also
by the dividend declarations announced
today and thos= in prospect The street
was full of ruanors regarding the dividend
on Sugar, but no authoritative announce
1nent accompanied amy of them. The ac-
tlon of he market reflected very distinct
lively thz large and aggressive operations
of manipulatiye combinations, and there
was very little outside interest mani
Tested In the stock dividend of the mar
l1e,. London, besidss marking down
prices before the open. ng here sod stocks
very persistently in this market, notably
st. Paul
The bond market continued to reflect
a very wide and varied inquiry and con-
tinually broadening demand. Some sharp
gains were recorded during the day and
prices in all cases w4re higher.
Total sales, s2.100,000.
Uni,ed States old As registered ad-
venced 4 and the coupon u bid.
Sales of stocks for the day were 414,900
shares. including Atchison preferred, Ar
$40; c., d. & c.. 17,1eo; l.. & ~, 1875;
Manhattan, 10,160; Metropolitan Traction,
1915; Missouri Pacific, 9,O25 NJ, K. & T..
preferred, 4.475; New Jersey Central. o.
175: Rock island. 1925: Reading, G49O;
st. Paul, 1880; Union Pacific, 6O72;
American Spirits. 1900, Bay State Gas,
2S, 1850; Chicago Gas 1880; Western I'm
ion 1920; Sugar 6S,S20.
Money on call easy at 1h@2 per Gen.;
last loan closed 1A@2 per cent.
Prime mercantile paper 3Q4 per cent.
Sterling exchange weak with actual
business in bankers. bills at s485A for
demand. and s4.S25s@4.S3 for sixty days.
Posted rates $4.Sa1s@4.S4 and $4.s61a@
4.87
Commercial bills $4.S2.
Silver certificates 95%Q6O1Ac.
Bar silver 60hc.
Mexican dollars 47lkc.
Government bonds firm.
State bonds dull.
Railroad bonds strong.