Birmingham state herald., 1897-07-11
InWall Etraaf.

New York, July 10.k-The days interests in stocks has been limited. Today was holiday the London exchange, and the influence usually given to the opening here by London was lacking. The whole tenn realizing feesing. The total trading reach- ed barely 50,000, and one-fourth of this amount was sugar This stock was cratic during the day on conflicting rumors re- garding the tariff, but did not move over a very wide range It fiuctuated above last nights close during the whole session, at tional net gains. Only ten other stocks were dealt in to the extent of thousand shares. The Grangers were most active next to Sugar and enjoyed a continued benefit on reports of good crop prospects New York Central was higher on account of the persistence of the rumor that its leading interests were about to secure con trol of the Lehigh Valley railway
 owing to the continued belief in an addi- tional dividend to be declared. Chicago Great Western, Des Moines and Fort Dodge tinued to improve under market operations of inside interest, the latter stock advanc- ing i1a points. St. Paul was. sustained by the first weeks statement of gross earn ings. showing an increase of over S1l0G0. Minnesota Iron. rose point and Rio Grande were heavy The close showed majority of stocks a small fraction higher.
 The stock market retained its usual mid have been indications of strength several days during the weeks, but the upward movement was feCDae ana not sustained. The. commission house business which marked the growng-interest in the market by the outside public up to last week has practically ceased Heavy buying by large capitalists which has sustained the market for so amny weeks is no longer in evidence and the conclusion of dealers is that 1t is prudent for the stock market to wait for conditions to come up with 1t. The har- vesting of abundant crops at good prices by {he farming o p9pua9a tge ars nrHe as the advanced level. The Granger roads have led the advance throughout, and showed the greatest strength and firm ness. The passage of the tariff bill through the senate has been looked forward to as a favorable factor in Wall street, but had
 The strike of soft coal miners has had it's effect in checking the upward tendency pressions of confidence that the strike may lead the way to an opportunity of betterng the deplorable conditions existing all through the soft coal trade by improved wages as well as by improved prices to operators and transporting lines The Europe and the belief is that the outward movement of gold has come to an end. The money market however, has showed progressed. even with a dull business.
 There is q disposition to sell long ex- change for future use. .
 The low rate for cali money has fallen during the week from 1l4 per cent. to 1 per cent. The net changes in leading stocks for the week are small but are mostly lower. Some noteworthy gains are shown by inactive stocks.
 The bond market ruled fairly active dur ing the week and considerable strength developed in the gift edged liens. The dealings generally lacked feature aside securities, which imparted tone to the gen srl- eral market. Purchases for investment ac- count were discernable in many instances and a better speculative demand occurred for some of the low grade mortgages Some heaviness was noted toward the close of the week in the more active mortgages wit Tn o0a Aral The principal advances were Brooklyn Transit 5s, 5A; New York Central 5's and derson 5s, 4; Indiana. illinois and Iowa Is. 4; Rensaeller and Saratoga Is, PA Iowa Central Is, ?: Mexican National incomes B, 2A; Susquehanna and Western generals, 8; Peoria, Decatur and Evansville 2's, trust receipts, 2% Wnkesbarre and Eastern 1s 2A: and St. Paul M. and M., Minnesota 6's 2B per cent.
 Declines: Central of Georgia Bankins gold 5's, 2lk; Pittsburg sinking funds, 2A;