Birmingham state herald. (Birmingham, Ala.) 1895-1897, 1897-07-23
InWall Stree,


weak spot i'll the whole list today save a
net loss of over point in sugar quota
tions. The volume of business was brod
and large. Bonds as well as stocks were
strong and the dealings extended TO many
hitherto moribund securities
- Decreased exports of grain ard low
quotations for wheat as well as Iona n
arbilage sales were ignored ana the
market advanced on pool support. The
highest averages were maintained In
many securities about noon, but an eV II
lorger number of securities secured alb ut
their best prices a the close. Some 1cf-
eien houses are of the opinion that Lon
don is heavily short AMI anticipated in
tereisting developments a. the end OF the
account next week. Broke hav nS little
faith that there will be much change in
the sterling Xehane market gave but tenn
Sporary attention to predictions thai same
two million dollars in gold would be ex-
ported to Paris on Saturday The con-
tinent has been buying gold, and with
easy money here this country can spare
the gold more readily than another. The
extensive commission house buying today
was a potent factor in the market
strength and it remains to be seen
whetf1e now the people are taking hold
fofsths = market, professional traders will
'lniodd upon it.
esl,DndoD adyices are that II the present
lTfraenent in Americans continued the
British public would come in as pur-
,chasers, but that a larger business was
being transacted in Americans today than
usual Through professional dealings
Sugar fell one point, recovered the loss
but was again pressed fer sale ard ended
with loss of ia. The Changers and
nTthwesterns were the leaders in to-
days upward movement on large deal
iSgs Other stocks conspicuous for their
strength and activity were Lead Chicago
Gas, General Electric Louisville and
Nashville and the Gould shares. Rcck
sand scored a net advance of 21s points
on runners of increased earning capacity.
Burlington on similar Influences was bet
ter to the extent of a point and half.
Coalers were neglected because of the
trade conditions. American Spirits pre-
fSrred rose point on heavy buying by
the same interests recently active in SUI
gar aedsSt. Paul. The rise in Industrials.
including point and quarter in Cftton
on commonand two in the preferred, one
In Starch second preferred, were at
ts;ibutab'e to an expected increased de-
lssand of their products sad to be expect
ed beeause of the new tariff New Jer
sey flosd with a ret advance of III.
sTetal sales of stocks for the day were
ga TGs shares including Atchison pro-
{ rred 1882; Burlington 35143; l.. e. N.
13.265; Manhattan 1852. Missouri Pacific
5;495; VI. K. & T. 100. do. preferred 12,-
914; Northern Pacific 4TS6; Reading S,323;
Raading 6,1S3; st. Paul 33, 49, Sou them
Railway preferred 9,1S7; Texas Pacific
SpiriHss 1888; Tobacco 1895; Chica go
HsF~1 AS: General Electric IS 644: Lead
12S75; Sugar 1929; Western Union 49,
Fe5 3
9 The bond market continued to reflect
brisk demand for investment and spec
n,a dive account which included numer-
ol,ssof the more ideal grade and specula-
tls-N i-suGs
FVa1ues moved uniri9rruptedly upward
emil. at the top level indicated gains of
4 per cent or whereabouts in the leading
r1fprtgsgess.
& Improvements were as rule more ma
tSrial in the usually inactive securities
Phs aggre gate sales were 50. 595 GOO
sG9vasnment bonds displayed a more
fnproved tone and wer, more active, the
sales aggregating $4,000.
s Money on call easy ait l per cent; last
loan /: close ! per cent. Prime mercan-
tile paper 3@4 Per cent. Startling ex-
cbaTrge raSier wit hl7lctr'll business in
bankers bills at $4.S7@A for demand a nd
S4S6aeA for sixty days. Posted rates
s4.S7dfA and s4.SS@4. Commercial bills
$4.S5Amla. Silver certificates 59s4 16OHc.
Bar silver $3.50; Mexican dollars 4G%c
ssjoyArnment bonds strong State bonds
dull. Railroad bonds strong. Petroleum.
PENNSYLVANIA crude. steady; Aug Soc
bid.
Closing Stocks:
A1nu Exn