Birmingham state herald., 1897-05-07
In W all Stree.

New York, May e.-There was considerable strength apparent in today's market out it was due rather to the combined erect Of special inf1uAences on individual stocks than to any developments in affairs affecting values generally in the market The nar7 rowness of the market and it's professional character left it very susceptible to such influences and the fact that the short inr terest has been largely reduced was shown movements to offsffet the advance. 1t wiA be remembered that prices were sold offH to som extent yesterday on the sposti3n would reflect the public resentment heres tofore manifested over the rejection by the senate of the arbitration treaty by offer ing them for sale. As nothing of the kind occurred, the international stocks on the contrary showing rather exceptional strength, 1t was natural that there Should ' be some recovery of yesterdays loss. Am other favoring influence was that today for deflntely deciding whether they should make further gold shipments on Saturday,. The fact that no further shipments are pro+ iected was accepted as an encouraging feature of the general situation. It was j1oised about the board roorn floor during the day that one of the largest railroad
 interests had given an order for an enlarge. ment of its holdings and the room traders accepted this as q suggestion to buy. Many cial influences but their influence on ths general list was only sympathetic. The ' strength of Chicago Gas vas such an inr :luence. the dealings in that stock being .slarger than any other on the list. It to- gether with Western Union Sugar, Burling- ton and St. Paul absorbed about half the the Gould shares continued and the long continued weakness of these coupled with the absence of inside support caused the circulation Of rumors of liquida ton of heavy interests. Later the prices of the group showed complete recovery on reas- suring statements from authoritative sources. There was more or less restriction manifested in the movement of Sugar, which was attributed to a polite purpose .to prevent very manifest response in the price to the announcement Of the tariff bill. Omaha declined because no further dividend is probable this year, Chicas23 and Alton made q marked decline on the reduction of the quarterly dividend on both common and preferred stock to 1ai per cent Tennessee Coal and Iron enjoyed an advan- tage the announced settlement of It's controversy with its laborers. The total including American Tobacco $500. Sugar H. naO Burlington 13s90. Chicago Gas IS 5ao Louisville and Nashville 6.S00 Missouri Pa cifc $500. Omaha 1900, St. Paul S,G00, Vest 1..Sfrhe bond market broadened apparently but few Important changes were scored in prices Tho mndertone of the .r1 market nr waf
 Money on call easier fia01a4, last loan 1M: closed 1ih1l3, per cent.
 Crime mercantile paner, 3lkif4 per cent
 Sterling exchange slightly firmer, with a6tfral brsincse ir. frnnkor=' hilIS at Si S7GS as7ii for demand and at sis6d4S6l4 for sixty --laxs.
 -4sosted rates are sl.S6ha4H and s4.SSG 4s~as.
 sfonlmcrcial bills. 4.s5Ik
 Silver certificates, 6196liEc.
 7Sfiver hars. 6lc.
 Mexican dollars. 4,izc..
 ltovarnment bonds strong. State bonds dul
 Eaitroad bonds firm. [. -e.iosing Stocks:
 A dams xhress. ....... ,.r.'.....'.'.... l5l