The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-11-04
In Wall Strear.

New York, Nov. 3.--Heavy prices ami
a duh market were the ccind tioIfs on TIE
stock exchange during the greater part
of the day, but in the later dealings a
mora active liquidation sst in and thje
trading becams more animated than at
amy time previously, prices failing 10 the
lowest ef the Gay and remaining There
practically to the close. The lowest point
Imported ret declires running all the W..
from d point to SIS, the LATTER in Sugar.
A greau many prominent STOCKS have lost
over 2 points on the day, acveT-al of the
grangers and the coaleTs b ing conpicu-
Gus in the list. The prices for Am riean
securities quoted in 1.-THE London mar
laeit at the time of the opening hefie
showed sharp declines and the later
reports showed 'lhslt the results of the
elections yesterday had aroused copzid-
CRADLE unfavorable sentiment amongst
security holders abroad This market
took its cue from London ard the op5n-
ing showed declines rather in excess OF
some of those reported from abroad.
There was some buying i'm this market
alt The lower level for London account,
but this mainly represented arbitration
operations to cover sales made in London
EARLIER in this day. 1t had the effect,
however, of steadying prices. A senEsa-
ticnal jump of IL poi1l.s i'm Consolidated
sSas and gains of "a in Manhattan and of
THE same amount in Metropolitan Street.
Railway also served to check any de
Ginning tendency. The gains WIRE ac-
c0mpamaed by rumorts THAT the propert es
affected were assured of immunity from
hurtful measures as a result of yesaer-
days local election in New York. That
tlad chn
by the fact that they were wiped out
durdng the day in the case of the two
Qa,st named, and Consolidated GAS re-
acted 6% points. Sugar wals a centir of
weakness all day, and lit developed that
this was due to a prevalent rumoT OF
1.-THE illliesss of an officer of the company,
which was used with good effect by the
bears. The stoak I'll successfully 51s
points, closing ali the lowest The coalars
were all very notably weak in The latter
pant OF the day, and their neit losses
range all the way from nearly to near
" A points, TIM latter Gn New Jersey
Central Northwest, Omaha, St. Paul
and Burlington also lost over points
during the day. The special weakness
i'm coalers was caused by statements OF
thk, unfavorable condition of the coal
fined to the prof ss.ona1 element, who
are bears for the time being and who
urged thaIt yesterdays elections indi-
cate a growth of sentiment I'M favor of
restrictions ON capital and corporations.
The latter decline i'm thh market dts
lodged some stop loss orders, but tine
fact that the total sales for THE day were
only about 100000 shares shows that
liquidation was mot heavy.
Business in railway bonds was net
on a large scale, but prices were in SYM
pathy with stocks. Kansas Pacific con-
soils fell Az. Total sales $25O,000.
United States As of 1907 and 5s of 1925
were each advanced rs bid.
This sales of stocks today aggregated
s2431s shares, including the following:
Atchison prefared, $3.50; Chicago Bur
llngton and Quincy, 4OO7O; Louisville
and Nashville, 5000; Missouri Pacific, TO-,
6S5; New Jersey Central, 1885, Northern
Pacific preferred, 12,O55; Reading, 5000;
Rock Island, 11,276; st. Paul, 32,150;
Union Pacific, second assessment paid,
1880; Bay State Gas, 1880; Chicago
Gas, 1896; Consolidated Gas, 40,450;
Sugar, $500.
Money on call easy at 1902 per cent;
last loan per cent; closing offered at
per cent.
Prime mercantile paper, 3%@44A per
cent.
Sterling exchange firm with actual
business in bankers bills at $4.85h for
demand and at s4.S2h@4.s2% for sixty
days.
Posted rates, s4s5@4.S5h and 1880
4.S61a
Commercial bills, $4S1%.
Silver certificates 56G561ac.
Bar silver, 56Ac.
Mexican dollars, 43%c.
Government bonds strong.
State bonds dull.
Railroad bonds weak.
2 9 8 g