Birmingham state herald. (Birmingham, Ala.) 1895-1897, 1897-07-21
INV all Street.


- New York, July 2O-The stock market
after considerable activity and streng tn
closed firm, below best prices but at frac-
floral rlt gains. The strength in sugar,
lead and tobacco was in anticipation of
the benefits to be derived from the new
= tariff. The sugar company having So
cured most acceptable schedule passed
by the house and presented to the senate
failed to justify the sent hrdlu taooota
failed 10 justify the fears of a Sensational
break entertained by some traders after
Yesterdays eight point advance and on
the contrary opened up y per cent Sub
Is sequently it scored an extreme gain for
ffthe day of Az, establishing a new record
of 1861. and thereafter gradually declin-
ing. closed with a neI gain of "a. Lead
common and preferred scored an extreme
2 rise of per Cent on enormous dealings;
common, however lat r lost half its gains.
Tobacco commen only temporarily held
its one point advance closing unchanged
but the preferred remained per cent up.
Generally speaking the= industrials were
firm on the winding up of the revision of
the tariff. Changers slid off somewhat on
profit taking. hut the list generally dis
Q regarded I.ondons change in the atti-
tude I'M selling Americans Reading first
preferred, on large purcba SEES on rumors
of a possible dividend. provided the coal
road continued to be operated harmonl-
ously, sold up Generally speaking frac~
tlonai racessions followed the noon hour
'oon successful sraders converting paper in
10 bunk deposits.
asssPrices were from time to time marked
upward but the tendency to advance was
checked by fhrea t=nett democratic oppo-
siton to prompt conclusion of che tariff
bill and on rumUrS of the possibility OF
the expert of gold due to the large ante
tariff bll lmpOrtationS especially of SUI
gar and to disclose obligations due 10
Europe for returned American securities.
The reported enormous in crease in the
worlds Visible supply and the consequent
rise in wheat before ti1- close Influenced
rally as it would msan Increased de-
lnand for orr grain and indeed the large
Increase of exports Of general m rchan-
? DISC for the week shows the present de-
5pa}ld for our product
The toIal sale of stocks for To-Day were
37s.s20 sares including Atchison preferred
10.644. G E. & o. 1885; Reading IS, 935;
I. ROCK Island 9.S35; ST. Paul S6,210; st. Paul
& Omaha 5,420: American Tobacco TO- $50;
calY 6fii$ IBID fx-nfti- Il shrdul etao ia
Ghica go Gas 14035, Lead 2009S: Pacific
Mail l,l55; Sugar 80 1873; T. G. &. $3.50.
The bond market continued to advance
towards a high level or purchases which
Included a moderate sprinkung of the
: gilt edged iss,t-s
Te inquiry for continental account was
mainly conferred In tire speculative mort
cages with changes generally narrow
The aggregate sales wer; $2700000
Governments We're pressed for sale and
yielded a fraction on sales of ST., 600
Money on call easy at / per cent: last
loan !, CLOSED offered |; prime mer'can lie
paper BOA per cent. Sterling exchange
firHrer with actual business in bankers
bills at &.S7A@4.s7h for demand and at
$4.S6i46k for sixty days. Posted rates
= si.8f@14 and s4.SS@A Commercial bills
$4,S5.
Silver certificates 6OA@9sc Bar silver
60Bc' Mexicon dollars 467sc.
Government bonds weak. State bonds
dull. Railroad bonds strong. etroleum,
Pennsylvania crude, steady; August S5c.
L ,iualuY SIucka: