Birmingham state herald., 1897-04-25
RIORDAN & co,
In Wall Stree


 New York, April 24--Evening Posts Lon don financial cablegram:
 The stock markets were inactive and featureless, with the tone distinctly dull on politics. Today's withdrawal of gold is for Japan. The continental exchanges show little or no change, but are a trifie firmer. 1he strength on the London discount mar ket around per cent has checked the offering of New York drafts which are now teladered about 1A per cent.
 The dullness of the trading continued to- day and the market sagged from inanima- ton. The lower prices Of American seouri- ties on the London exchange gave the tone to the opening here where prices of the iil- ternational shares promptly adjusted them selves to the London parity, except in the These two stocks were an exception on the London exchange in showing fractional gains over the New York closing. But New York declined to adopt the London view and sold here at decline about propor- tionate with the other interests. Advices from the European exchanges indicated a more serious view of the war than had been taken since the first trading on Tuesday after the easter holidays and the outbreak of hostDties. The decline in the indus trials was in consonance with the rise ln wheat consistently with Wall streets new policy ir counting hurtful to stocks what is beneficial to grain prices. For the rest the features of interest in today's market were exceedingly scarce and were confined to peculiar , conditions affecting particTlar 1la cific with renewed stories tf financial diffi- entities and probabilities Of receivership. The course of the stock market during the week might be summarized as an extreme decline on Monday on the first trading after the news of the actual outbreak of war on the Macedonian frontier q rally which car- l-ied prices above the level of the previous Saturday and succeeding stagnatien which showed i.t.tle varipton and transactions rt.- duced to the smallest proportions. So lfar as any general influence on the market was concerned interest has centered ntirely in the war news. Aside from the war news fDP hn lynf ifYlr.T tant and were confined to individual shares except for a squeeze of shorts in the Coalers which was a purely manipulative move ment The more prominent railway shares show g fractional net gain on the week. although the slump on Monday and subst . quent recovery and final reaction has cover ed 2 range. running from a fraction to s1A. The railway and miscellaneous bond markets ruled fair,y active during the week with quiet general business transs cted in the usually neglected issues in which note worthy variations were mainly restored Prices were fairly well sustained in the leading mortgages and q material harden ing occurred in the bid quotations for the gilt edge Hens Business In governments fluctuations narrow, with a good un1ertdne Silver certificates rose to S22sc- on pur- chases of 3e,g00 ounces, but subsequently, preceded below last weeks close on the bid Money on caM caev 16l11s per cent; last loan. 1lk closing offered at 1 per cent. seTns sesT in s seaf a gs @ sq a nand and at s4.s6l@G$iS6A fol sixty days. connn1erciai bias. sl.s5 S. siives cerfacafes, 612lM6214c. Bar silver, 61ssc. Mexican dal- lars 4Sl4. rtrH is ut E c-overnirnent bonds, eteady. .-a -, e,t State bonds, dull. f.. -.s .lE Railroad bonds, firm. .L Petroleum, steady. -N 70" le Closing Stocks: