The age-herald., 1897-08-21
In w all Street

In M all Street.
 The process of realizing profits on the marked, lorg continued advanced market went on today and was reflected in the heavy tone of the market and the cesza- tion of activ outside buying. The selling is much of it by commission houses and is presumably by holdings of the outside public who have grown fearful of ee- cline Although offerings on this account were large and although the days sharp decline uncovered numbers of stop or ders at times, the offerings wgere pretty well absorbed. Orders are apparently waiting in the market to buy on a scale down so that they will meet Q resisting force before they have declined far.
 Prices on the stock market did not re- spond to the sensational rise in wheat so far as this rise was due to buying TOT export and to the jump in the price or wheat in England and the continent, IL was a favorable influence on stocks as ln- dioating increased purchasing power Tn the hands of the farmers. So far 1t was due to fears of damage to.the eorncrop andto lower estimates of the spri wheat crop 1t affected the grain carrying roads unfavorably as indicating probable de- crease in the tonnage of freight to De transported. Reports of such crop conul- tions were prevalent in Wall street all day and the market responded quickly, especially as to grangens. The contlnu firmness of sterling exchange rates was not an encouraging factor in the marked. London and the continental money csn- ters seemed to be forcing to see Which shall meet the first demand for gold on account of the heavy crop movement, but the exchange market reflected no immediate Likelihood of imports~ef god. The curious contradiction in sentiment which as existed for months past De- tween the London and New York mar kets found a new phase today Prices for American securities came higher from London this morning indicating a dis regard of the reaction manifested in the New York market Purchases in New York for account were made in mear- ly all the international stocks in spite or falling prices. Sales of this account were estimated at 15000 shares. New York quietly ignored the sentiment of Lon- don and went on selling. Receipts of American securities have been very large recently by incoming steamers from European purchasers. The extreme de- cline was considerably over point in large majority of shares, Including the Changers, Southwesterns and the Read ing issues. A hardening of prices in the afternoon diminished the losses, but they reached point in many cases. Leather preferred was strong on the rise In prices of the product. Tobacco lost about two points. Sugar moved over a range of about two points, but it's net change was small.
 The total sales of socks today were 4OS, 200 shares including Atchison prefer red, 15,352; Chesapeake and Ohio, S,9S0; Burlington, 5,3T5; L. S N, Il, ,445; Manhait- tan Elevated, 6,550 Missouri Pacific, 3,7T5; Northern Pacific, F. .212; Readin 16,0S0; Rock Island, 15,360; St. Paul, 65,S2S; Souih- ern Railway preferred, 5,024; Union Pa cific, 11,S50; American Tobacco, 9,60o; Su- gar, 17,642; United States Leather prefer red 15375; Chicago Great Western, 12075.
 The bond maTkel, displayed heavy tone i'm moderate dealings. The specula- 1,ion was largely centered in the leading mortgages and there was adecidsd abate- msnt in the foreign demand for securities. The aggregate sales was $1,S75,000.
 Government bonds hardened slightly on light purchases.
 Money on call firm at 1@1A per cent; last loan, per cent; closed at 1Q1A per cen..
 Prime mercantile paper, SN@4h per cent.
 Sterling exchange steady, with actual business in bankers bills at $4.S51h@ ASIA for demand and $4.S31aQ4S3M for sixty days.
 Posted rates, s4.S41k@4.S6 and $4.S6h@ 4S7.
 Comercial bills, s4s2.
 Silver certificates, 50@52Ac.
 Bar silver, 52%c.
 Mexican dollars, 40hic.
 Government bonds, strong.
 State bonds, dull.
 Raaiway bonds, week.
 Petroleum-Penns crude, no markell nlominally at 85c.