The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-12-10
RIORDAN & CO.
In Wall Street.

In Wall Street.
New York Dec. 9.-The bu1l- contingent
met with some formidable obstacles in
their Efforts to advance prices today, and
the greater part of their success was
achieved at the industrial spectalties.
The manipulation in the case of these
stocks was very open and ralpable, but
some substantial gains were shown by
railway stocks in the firm basis of in
creased earnings. There were a num-
Der of stocks also which were persistent
ly heavy in tome and required vigorous
support to prevent the spread of weak
ness through the whole market. This
was notably true of Sugar, which ruled
for some time below yesterdays closing
price and fell alt one time to the extent
of "a point. London was very large
seller of stocks on balance in this mar
ket and the volume of sales on that &C
count is estimat ted at as high as 10000
shares embracing all of the irterna-
tional stocks Union Pacific fell IA on
the resolution of the senate to postpone
the Kansas Pacific sale.
Manhattan, Northwestern and North
ern Pacific and some other less prom
inent stocks showed "a h=avy tone dur
day. These causes, together with the in
5 ertness of the granger group, were a
persis emit drag on the market. The hat
ter part of the day saw very animated
contest between prof. ssional traders for
the control of the market. The stocks
of local transit companies were pushed
up uniformly to a higher level on the
strength of tips" that the underground
rapid transit scheme would fail of in
dofsement by the courts and by reports
of the apprehenSiv= amalgamation of To-
cal transit interests.
Manhattan was the leader of this class
and rose "a, but all the stocks in that
group of securities showed sharp gains.
The bulls accorded the same method
of treatment to the Vanderbilt group
of stocks little later and raised nearly
all of them from 1 to points. Finally
Northern Pacific preferred was tax. II
i'm hand and lifted out of its early de-
preston by a renewal of reports of an
approaching dividend declA ration on the
prefelrsd stock. These last named
changes were Facilitated by the return
from abroad of an influential financial
factor interested in those properties.
The net result is to show a very irregu-
lar range of changes. In the MAORI
ty of standard railway shares which
we're left free from manipulation the
changes are small, though gains ap-
preaching a point are shown in some
southern railways, which are showing
good earning capacity. Quite a num-
Der of small losses are shown. In the
1specialt1ss on the other hand including
Manhattan, Tobacco, Leather preferred
Rubber preferred, Brooklyn Transit
Metropolitan Traction and a number of
the Vanderbilts, gains extend from a
point to 25s. the latter in Manhattan.
The bond market continued active and
broad. some notable gains being shown
in special cases and the level of prices
Throughout The list showing a material
advance.
st. Louis and San Francisco trusts SIS
are per cent higher. Mobile and Ohio
As rose "a per cent in accordwith the
rise of Az in the stock of that company
Missouri Pacific bonds were all strong,
the collateral IS rising per cent further
the consol IS 2 and tine trust 5s IL. The
total sales reached per cent, value of
SO, SOC, 900.
Government bonds were strong all
around, both the old and the new As add
vancing u bid and the IS Is bid.
Total sales of stocks today were 3S1 900
shares, Including Atchison preferred. s.
$50; Canada Southern, 1890; c. & o., 81
sos; c., B. & O., 1876; l.. & N, 34,492;
Manhattan, 12,150; Missouri Pacific, H.
$50; New jersey Central ALSO; New York
Central, 1880; Northern Pacific ALSO;
do preferred, 1887; Rock Island, 12,00S;
st. Paul, 1920; Southern Railway pre-
ferred, 7,S47; Union Pacific, 1910; Wa
bash preferred, 4,S75; American Tobacco,
1850; Peoples Gas. S,125; Sugar, $4,000;
Leather preferred ABS; Western Union,
5,S19.
Money on call easy at 1A@2 per cent;
last loan at 2 per cent, and closed at
1l%a2 per csGlt.
Prime mercantile paper, 3@4' per cent.
Sterling exchange steady. with actual
business in bankers bills at $4.S5A for
demand and $4S21k@04.S2a4 for sixty days.
Posted rates, $4.S3h@4S4 and s4.S6Q4 81.
Commercial bills, $4.S2.
Silver certificates, 571H@5Sc.
Bar silver, 5Sc, nominal.
Mexican dollars, 451sc.
Government bonds strong.
State bonds. dull.
Railroad bonds. strong.