The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-08-27
In w all Street.

New York, Aug 26.-The striking feat
ure about today's market for stocks was
the absence of any large offers ITO sell.
The sharp rise of prices at the opening of
the market was on very moderate VOL
ume Of purchases. The buying demand
fell off almost Immediately, but prices re-
coded very slightly ard held FIRMLY in
face of an almost stagnant demand Big
dealers were practically out of the mar
ket, and even the small demand showed
few stocks forthcoming. Even with the
conditions so inv3oing to manipulation
the market was apparently neglected by
all interests, and many stocks which
have bsen active in the recent trading did
mot move at all during the entire day.
The total sales of 100000 shares is the
Tow record for several months past Much
animation was manifested in the boTd
market and prices there were strong, ex-
ercising sustaining influence on stocks.
The quietness which hiss fallen upon the
stock market is due to a somewhat ur-
settled conviction as to the safety and
final dimensions of the corn crop.
The special attraction in grain circles
today was the corn market. The ring was
surrounded from start to finish by
were bulls and had buying orders, which
ram the total days business up to $4,000
bushels. 1t had been given out that corn
was good for a big rise in the next few
weeks and the investment buying on this
and otfner influences was a feature of the
day. Many of the biggest operators are
now Interested in corn. Word came from
Chicago that the corn ring there would
not hold the crowd of traders who were
trying to execute orders. The country is
interested in the predicted boom and
bought freely today. When wheat sold
off in the afternoon, corn broke loose from
its higher priced companion and had
little bulge On its own hook. Crop nsws
is Enthusiastically gloomy. The frost sea-
son Is near at hard, and from all accounts
the grain is so far behind its average
growth at this time of the year that even
with the most favorable weather from
now on 1t will enter the danger period at
a disadvantage.
The mercurial condition of the grain
markets has aroused condition of doubt
in the minds OF stock traders and they
are waiting for more fixed conditions be-
fore putting further money on a large
scale into stocks. The strength of ind,-
vidual stocks helped to sustain the mar
ket which was in that respect almost
n repetition of yesterday. Missouri Pa
cifc WIS str ng a. d s,ld at oo'n IL
above last nights close This stock was
in good demand all day and closed with
net gain of &c. The Yanderbilt's con-
linued in good demand and radiated
strength throughout the market. Chesa-
peak. &. ohio was most largely dealt in
on repor's of it's improving finance and
led the list with sales Of $4,000 shares.
c. q. G.. & S. T.. preferred was bid up to
rs as against rs the previous day. Dur
Sng the latter part of the day Sugar was
remarkably steady at over a point above
last nights closing. The buying at the
close VIII. was most prominent in the
grangers carried the market to highest
level of tn. day. Rock Island leading
with a net gain of III per cent. London
buying was quite a factor In view Of the
small volume Of trading.
The sales Tor the day for London ac-
count were estimated at 1900 shares
Only tho three leading Erangers. Cheso-
psax1 & Ohdn and New York Central