Birmingham state herald., 1897-04-29
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New York, April 2S. 1.-The market for stocks was lacking in animation toray and sank san at times no e1Iencea of of @ ness and strength were not lacking, and the small net declne was due rather to the sympathetic effect of tn manipulation by the bears of special stocks than to anything in the general situation. Perhaps the dGli- ness was in some small part due to the in- augura;ion of the gold export movement. today first generally admitted to be due to nominal uses growing out of the trade situ- alton. Interest in the gold movement was confined in very large part to those hay ing to do with the market for exchange, as it Is now generally understood that the gold movement has been held back for sev- eral days at least by agreement of the ex- change houses. which agreement will be inn possible to maintain after the engagement London on an order from that center. There was little apprehension aroused in Wall in gold had been withdrawn from tho. sub treasury for export to Europe. For one thing 1t is felt that the present period of excessive imports of merchandise, which Is now throwing the exchange situation against us will necessarily be limited by the enactment into law of the new tariff. The return Of the gold that may go out is. there fore, confidently expected with the normal merchandise export movement later Fur ia beeGd that hs Se SesdS od the of New York banks will be Forthcoming for export purposes rather than they, should have their stock of legal tenders depleted. The extent of the demand here growing out of the demand from Japan and Austria or London Is somewhat probematioal. but no apprehension is manifest in Wall street that the gold exports will be sufficient to deplete the treasury reserve to a point that would give ground for apprehension re- garding the currency. The market for Americans in London was weak this norm ing In face of an advancing tendency for consols. and the New York market took its opening tone from London. But. after the opening loss the general market advanced to a point a fraction higher than Mondays close. The bears then sought successfully 10 stem the advance by attacks on individu-' al stocks. Sugar was a strong force in the market. leading the early advance end a general rally at the close and showing a net gain on the day of 19.. The total sales of stocks for the day. was 130.9l5 shares. in cluding American Sugar Refinery 16. 5OO Burlington and Quincy. 15. Sn0: Chicago Gas, 14Sno: P.t SlaC,l--5ia- h-1redD9 4! pu -- 14,3oo; St. Paul. 10,9eo; New Jersey Central, 6.60O Y
 Trading In the bond market was marked bv renewal of strength and activity in the Texas and Pacific issues, which rose 1sa and 1H per cent respectively. The Sgen- eral market lacked feature. but ruled gen. erallv higher. The aggregate sales were s7sso00.
 Giovernments were neglected. but were steady at Mondays closing prices The
 Monev on call. easv at 1h6o1is per cent i: msrcaae ,ns, parer 4 per pee cent sterns ssTRenEe ssnReps bi1is MeaS at s 7 rSss deand % aas and 's .s M m for s1Say diTI pls fassa & Silver certificates. 61&@62hc; bar silver. 6lssc.
 Government bonds, firm. '. .,
 State bonds. dull.
 Railroad bonds firm. -
 Closing Stocks:
 Atchison ..........-..... IOs5 Alton, Terre Haute..... b6 American Express...-- ............. 112