The age-herald., 1897-11-09
In Wall Street.

New York. Nov S.-Prices of stocks huctuated very widely and very easily, traversing range up and down many times in the course of the day. This indicated a feverish tone of the specu- lative mind, a readiness to dispose of holdings on a slight animation of pos sibIe favorable developments and an equally nervous anxiety on the part of spot sellers to cover their contracts on any appearance of a hardening ,tenden- cy in the market. The most formidable event in the days happenings. so far as any effect on values was concerned, was the further postponement of the an- nouneement of the supreme courts deci- sion in the Nebraska maximum freight rate case, which was confidently expect ed today. There has been assurance felt in Wall street circles that the ver- dict in this case would be favorable to the railroads, and even if a favorable verdict had been announced today, profit taking would probably have led to declines in the stocks affected. But the news of the postponement led to the circulation of rumors that the verdict would in fact affirm the validity of the contested statute. This rumor induced much selling. Special weakness was in- duced also in the coalers by the very dis couraging reports of the condition of that industry due to overproduction, cutting off prices, and the persistent mild weather. There was not lacking the stock Spanish war scare, which was made to do duty again today. These demoralizing factors did not begin to be felt until some slight improvement over Saturdays close had been effected in prices, Sugar leading the way. There was a notable improvement from the low point of Saturday, but the postpone ment of the supreme court decision in the maximum freight case of Nebraska sent prices down. There was a. net im- provement toward the close and the de- clines were much diminished.
 Spirits pref=rred was the first stock to exercise an unsettling influence on the market, with a slump of 61s points on news of the failure of the Kentucky dis tillers' combination. New Jersey C=n- tral registered an extreme decline of 5% St. Joe and Grand Island first prefer red of five, Delaware and Hudson and Manhattan and Sugar As; Omaha and Lake Shore, 3% Gotten Oil preferred, Ptttsburg. Chicago, Cincinnati and St. Louis prefsrred and Illinois Steel from 3 to 35a each, and Burlington, Pittsburg, Chicago, Cincinnati and St. Louis, Chicago Gas, Missouri Pacific, Reading first preferred Illinois C=ntra1 North western and other prominent stocks from to 27s, the latter being in Bur- lington, as being largely affected by the Nebraska maximum freight law. St. Paul was notably firm on London buy ing, and number of oth=r stocks were also bought quite steadily for London ac- count at the decline Sugar was very active throughout the day, and was quite sensitive to attack. Detroit Gas was a notable exception in the wealSn: ss of the fist, with a net gain of 71a points. Cotton Ol gained 2h net.
 Bonds were weak in sympathy with stocks, but steadied latter in the day. Toad sales, S1,550,0O00.
 United States new As Heclfned X B1d and the 5s registered $ amid do coupon A
 The total sales of stocks today were 427, 300 shares, including rha following, Atchison preferred, 1890; Chicago, Bur lington and. Quency, A.430, Louisville and Nashville, 15,365; Manhattan L., g. 555; Missouri Pacific, 12.440: New Jersey Central, 13,s60I New York Central, IT, 80; Northern Pacif1o preferred, 14.5o5; Northwestern, 5.520; Readin& 6,2sO; Rock Island, 16,145, St Paul. 43,145; Union Pa cific, t. r., second assessment paid, H. 155; Chicago Gas. 1s.63S; Sugar. S6,95S: