Birmingham state herald. (Birmingham, Ala.) 1895-1897, 1897-07-25
Markets by telegraph.

being made by the receipts of the gold
from the Klondyke district, and consid-
cradle gold it was announced would Ill
timatsly be received from Australia in
payment for American wheat. The gem
eral speculation was very broad and
many dull shares We'd with the reeog-
nized stocks in point .of aItnia ton Pur-
chases by ineide interests were in evl-
dence and reports of pool support were
freely circulated Inves ment shares were
eagerly sought and the plethora Of money
at the prev alent low raj es encouraged ex-
t, nsive purchases for long acc5unt. Time
loans were in better request, with short
periods in more demand. The CONNER
cial paper market held quiet without es-
sen!inl change ON the current rate OF
sal per ceril., according 10 maturity.
The fall for the week of 17s for bar sill
yer and 70 pr cent. for Mexican dolfafs
was in sympathy with the decline IN
London. with the eXcep ion of Rubber
preferred. which lost SA per cent for the
week, the industrials We're strong IN an
-ticipatiCn of b nefitg from the new .a14H.
Sugar made a net gain for the week OF
ia. Sugar transactions were on an
enormous scale at he opening this week
and blocks of 1000 up to $500 shares We're
juggled about with unconcern by the
traders frantic to share in The extensive
profits they thought would accrue to the
company owing to the favorable sreat-
nent accorded to it in the compromise
sugar SCHEDULED The common registered
146A, The highest price ever attained by
the specially. The advance eliminated
al this level and a recession followed 10
140, With a subsequent. recovery 10 la
before the close of the week. The prefer
red stock registered a net gain OF Az
Lead and Tobacco responded TO prospect
i've benefits to be derived from the tarlH,
Tobacco common rising Az, preferred 2l2,
while Lead common and preferred was
up 27s. Chicago Gas rose per cent on
the suppoS.tion that the reorg anization of
the company was being perfected. Pur-
cha ses in the general Fist were confidently
made, and the activity of commission
houses Indicated an increase in public in
Hsrest. The bears brought about re-
ACTON about 1.-The middle of the week
on sthe assumption that the action on
the tariff bill would be delayed, but sub
sequent assurances that it would be dis
posed of this week caus d the best prices
of the week o be recorded in the last two
days. Expectations that an amieable
agreement would be Effected in the soft
coal difficulty strengI hehed the shares
OF roads largely dependent upon this tar
if. The anthraci.e coal stocks were firm
on sa tisfactory trade conditions.
Tihs bond market during the week de-
veloped marked ANNA tion,' with notable
Improvement in values of many issues
The speculation was very broad, with
purchases for investment acocun', being
dIscernable in many instances. Thu low
er grade SECURITIES were quite generally
dealt in, and were largely taken for for
eign accounts. The aggregate sales were
81, 700, 900.
Government bonds were quiet, but gen.
orally strong.
Money on call steady at per cent.
Prime mercantile paper 3G4 per cent.
Sterling exchange steady with actual
business in bankers bills at $4.s7h for de-
mand and at $4.S6A for sixty days.
Posted rates, S4.S7M4.S712 and $4.SS0 ssh.
Commercial bills, SASSY.
Bar silver, 59hcS
Mexican dollars, 46Ac.
State bonds dull.
Railroad bonds strong.
Government bonds irregular