The age-herald., 1897-09-05

is to break sharply from these prices. We expect f1uctuation market for the present, and are inclined to think that on good breaks moderate purchases will prove fair venture. Monday being a. legal holiday in this state the exchange will be closed for the day.
 RIORDAN & co.
 In Wall Street.
 New York, Sept. 1.-The marlzer held remarkably steady today. considering the fact Sunday and a holiday are to in- tervcne before the resumption of trading and that realizing has been on quite a large scale all the week. London bought quite freely in lhis market of ,he inter- national shares and buoyanlt tone was also reported from Americans on the London exchange. The advance in Northern Pacific issues gave evidence of manipulation. Nhe motive assigned for today's advance was the benefit to result Ito the road from the clause of the tariff law devying a discriminating duty on for efgn goods brought into this country through a contiguous country. The mar ket was under considerable pressure aft CT the opening on offerings to realize and declines were general throughout the list. The market was rallied by the advance dn Pacific issues, Sugar and Missouri Pa cific. Sugar rose 1% after a heavy opan- ing. Missouri Pacific rose 1A from the low point on the report of its earnings for the fourth week dn August, which showed a gain of $270,000 over the cor responding week of last year. The ex- llreme rise in Northern Pacific preferred was 1as on sales of 39,000 shares, leading the list. St. Paul moved narrowly and below last nights close all day. Wabash common anh preferred were strong on the August statement showing a gain of $154549 in grcss ca 9llngs. Statements of railroad earnings published during the day were uniformly favorable and the excellent bank statement also sustained the list The closing showed net changes mixed.
 The week has witnessed the liquidation of some very heavy holdings of stocks to realize profits on the rise, which com menced dn the grangers on Monday. It has progressed steadily since then and kept the price of recent favoriteS in the speculation more or less depressed. The markei has been saved from large reac- dion in face of this heavy liquidation by ahe sustaining force of individual stocks, the pqHces of which have been rushed forward in a sensational manner under manipulation Each day of the week since Monday has seen new stock brought forward and put through the operation. On Tuesday it was Sugar, which was forced up points on new interpretation of old facts regarding the probable ex- clusion of Dutch refined sugar. On Wednesday Sugar was made to serve the same purpose through the morning hours with jump of points, but Io was collapsed in interest before the close by bound upward of 10A poin in Omaha on talk that the stock was to be put on a regular guarantee per cen.. dividend basis under lease by Norh- western On the next day 1t appeared that the busy spectators had overestl- mated the advantage of the indefinr.ely r1nloared arrangement to Omaha and had underea. .imated the benefit to North western.
 The Omaha stock reacted three poirts and Northwestern was brought forward for a rise of six points, the whole Van- derbilt group being brought into the movement. Canadian Southern rose Az: Cleveland, Cincinnati, Chicago and St. Louis, S%, and Michigan Central. New York Central and the New York, Chica go and St. Louis stocks less amounts. On Friday St. Paul came to the front and on purchases of not less 'aan G.. NJ eh res rpsso 2K nnin.s to Nr'y poi t b : low par. The heavy increase in earnings of the road and equally the Grangers and rumcrs of an intended increass In tha divdsmd rate were the impeding causes. These successive upward bounds of different etocks and the continued luuidation which attended them have made a sensational and extremely irregu- lar market all the week. greater part of the advances have been well maintained and the volume of dealings has shown a constantly improving q mand, the same on Friday appearing the maximum for the year and In ss tod the maximum for a Saturday. That this tremendous speculation has absorbed vast sum of money Is ldent from the clearing house statem' ard st'll mora evident from hardening of exchange rates dnrinrc the week. the nrrnh"se If securities abroad having apparently off, set the heavy foreign purchases of our breadstuffs. The absorption of funds has ade no appreciable effect nm the rates for morey, which still remain un- pranes1entiy rhean. The innverront If currency to the interior has been larger than lsst week. but it is g III s-o 'l con- sidering the laree expansion Of hiIsin ss indicated by clearing house statements of i~terior poirt and fh- he~v~ n movement shown by the tariff reports of the railwayA The interior needs have thus far been largely s,tnnlind f4nr- in- terior ssotlrceg contrary to tho rn'e fre-n- tofnae The fact t-rat evcsw' rg re- ne above the gold import pcints = ., |, part to heavy pImsr-as g nf sa~n~' W Americans in Lnrwa-.' ..s nrc. IT steamer bringing ir@ nr~ r.
 But wl,ils the large purchss