The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-09-02
In w all street.

In Wall Street.
New York, Sept. 1.-The indications
from today's market were that prices
generally would have suffered a mate
rial reaction had it not been for the slim
ulating effect of the sensational adj
vances shown by individual stocks. Buy
ers were evidently possessed by a furore
of speculation, and the difficulty of NOV
ing the prices of most Of the leading rail-
road shares led to these securities being
comparatively neglected. Stocks con-
corning which some favorable prospect
was reported, but without definite de-
tails and not backed by authority, were
chosen as the favorite for speculation.
The sensation of the day was the jump
in Omaha, this stock touching S21a in
the final transaction. The extreme rise
was 10% points and the net gain point
less. The stock~was not exempt from
depression, which weighed on the Gran
gers, and in fact on most of the railway
list during the early part of the day, and
it sold down u from last nights close.
BY / o'clock it had recovered the loss
and gained over points additional But
in less than an hour in the latter part
of the day the price moved up several
points and was in the full tide of trad
ing. The advance was attended by great
excitement and the pauses in the adj
vances were only momentarily and at
wide changes. The result was due to
belief that the stock will shortly be
placed on a regular dividend basis.
Sugar also continued to- be an exciting
center of speculation during the morn
ing, and advanced three points on ru-
mors of a distributing of surplus and of
advantages to accrue from exclusion OF
Dutch refined sugar. Tobacco opened
points higher but this also was the high
est of the day. The two fluctuated in
a very erratic manner all day, but closed
with net gain Of only Is for Sugar and
"a for Tobacco. Missouri Pacific touched
40 in the opening transactions, but fell
off during the day on realizing to below
last nights close. The coalers made
some display of strength during the day,
especially the coaling stocks, but they
succumbed to depression later. Rock
Island advanced at one time over a point
above the lowest, as did Louisville and
Nashville, but the latter declined below
yesterdays prices and the former saved
only a fractional net gain. With these
exceptions the railroad list was almose
wholly given over to depression. TIE
days changes are small, large number
of stocks closing unchanged, but the ma
jority of active issues show losses eN-
tending to u in Northern Pacific pre-
ferred on it's poor showing of earnings.
THE total sales of stocks today were
550,742 shares, including A,chis0n prefer
red, II ,574; Chesapeake and Ohio, -, 130;
Burlington, 1880; l.. & N, 6,740; MANN
tan Elevated. 1881; Missouri Pacific, 21,-
$50; M. K. & T., preferred, $3.50; c. & N.
w, 1850; Rea1iug. S,31o; Rock Islaald,
2O025; ST.. Paul. 81, 4S0; Sit Paul and Oma-
ina, 2,170; Southern Railway preferred,
1850; Wabash prsf rrld, 12,050 American
Cotton Oil, TOSS; American Spirits, 1855;
Tobacco, 40,9SS; Bay State Gas, $500; Chi
cage Gas, II, 270; General Electric, 16 $50;
32t70; do preferred. 1885; 7. c. & l., IT,
$40; U. S. Leather, $3.50; do preferred
10000; WetSte1n Union, 10,7G0: Chicago
Great Western, L., 631.
THE bond market showed some falling
off in activity, the par value of bonds
sold amounting 10 about $4,000, 900. Prices
were generally higher. United States
new fours registered sold at 126M, the
highest record price. The fives coupons
sold at 1879 10 ia The total sales, s11o,-
900.
Money on call easy, at 1@1H per cent;
last loan, IL per cent. closed 1A@1k per
cert.
Prime mercantile paper, 3A@4k per
cent.
Sterling exchange firm. with actual
business i'm bankers bills at SASSY for de-
n1and and $4.S315@4.S3A for sixty days.
Posted rates. $4.S41a@4S5h and s4S6la@
Asst.
Commeircial bills. S4.S7A@4S71k.
Silver certificates sic.
Bar silver, 51Hc.
Mexican dollars, 41c.
Government borsds, strong.
State bonds, dull
Railway bonds, easier.