The age-herald., 1897-09-23
In Wnll Street.

New York, Sept 22.-The result of to- days transactions on the stock exchange was the recoYeries uf the greater parc of the loss sustained in yesterdays sharp reactisn, many stocks closing tonight higher than Monday nighr. uriflg the early part of the day the market was extremely iuesular and uncertain in tone, number of specialtias continuing to show marked weakness even after the railroad list had ree3S are1 from it's re- aetionary tendency. I:u> by the second hour of trading the bears had practically abandoned their effort to wnrk a reac- tion and the whole nlarS@t was tending strongly upward. The manifest tlisposi- tion of London operai3cs and of con- mission house commissioners to buy stocks at a decline hera afforded a sup port to tlJs market that discouraged fhe bears The nervousness ,ysr the hal d. ening rates for money also largely sub sided, as the shifting hans deve.oped more accurately the rue level .f ihe money market. The Tatas for cali m lney continued to run as high as Der cert, but as Tar as rates wsre marked dp 10 that figure there was aoIr lant supply offered at as low as } per cert. This was not regarded as indicating a ,r!n- gent condition of the maTke-.- The higher rate was not felt to be justified by the condition of Ille market and the failure of the exchange market to rs- spond with any mark-si weakness 10 The 4 per cent asking rate went t. Iniirnn the same view. Thera was a mark q reaction at one tine during the day, due to the share prof: taking in R tll Island on the annolnc':n nt of ilaa declaration OF 1 per cent. quarterly dividend. The recent sharp rise in R c;z Island was ac eompani.sd by ;ne ire sponsible rumors that the jivd nl ra.e would be increas7d 10 ! per cent. Some of the holders of the ttoc;1 expressed q S. appointment that rhe ,are was mttla aniy 4 per cent. and the .esu was .he ;aals used this as a ma terial for a drive against the market. But the strong re- coyery in Consolidated Gns and l:ruck- lyn Union, the former rising II ponls and the latter 6g, teliad to steady the markst The reports of an engagement or gold for import vera vag;;., ani n 1t definitely conf cm@d Lntii the close Y.f ;he market, but the Iumo.s served to rally uhe whole. m irket strongly and bring prices to the best of he day 0 the cl5se the net gains in all of the active stocks ranging from l to 3 points. Foreign bankers are generally agreed that there is mo profit in the importation of gold at the ruling rates of exchange fhere and of gold abroad and the banking house which has engaged the gold for import intimateS that it has been able to do so owing to some special advantages se- cured, though it was affirmed that it w S made in the regular course of exchange business. Tine engagement is not con- s1dered as indicating that a further movement of gold will follow immeditely without further decline in the ex- change market,
 The total sales of stocks today were 624oOo shares, including Atchison, 4,96o; do. preferred, 16,350; Chesapeake and Ohio, 1900; Burlington, 46,02O; Louisville and Nashville, 15,160; Manhattan. 8. S.4ee: Missouri, Kansas and Texas preferred, 6,SSo; New York Central, 9.703; Northern Pacific 5000; do. preferred. 22, $50; Read ing. 13,35o; Rock Island. 35,67O; St Paul, and Omaha. 5,950; Union Pacific, 45,- 65O; Wabash preferred, S259: American Tobacco, 15,1a0; Bay State Gas, 1I.63e; Chicago as, 2099e; Consolidated Gas, 5,260; La Clede Gas, 6,SS6; Pacific afl. S;6sS; Sugar. 60,S30; Western Union. 1o.- 320; Chicago Great Western, 1772O.
 The bond market showed a falling off In activity, but prices were strong, ex- cept in the Standard Rope issues of these the 6s lost points and the con- solidated II points. The transactions were S, 3,800,00O.
 Money on call stronger at 2@4 per cent; last goan, per cent; closed, offered 2 per cent.
 Prime mercantile paper, 3k@4Hs per cent.
 Sterling exchange heavy, with actual business in bankers bills at s4.S4% for demand and s4S21a@482ss for sixty days. Posted rates, s4.83k@4.S4 and $4851ka .S601k.
 Commercial bills, s4.S11k.
 Silver certificates, 5S1a@59kc.
 Bar silver 5Skc
 Mexican dollars. 431bc
 Government bonds firm.
 State bonds dull.
 Railroad bonds strong
 Petroleum, Pennsylvania crude, nomi-