The age-herald., 1897-10-05
In Wall Straat.

New York, Oct. 4-There was liblle more fn today's market than a running contest between ',the bulls and bears in which the bulls were successful dur ing the early pa1it of the day, but in which the bears tunsd the ride latter and put the opponents to rollt, wiping out all 1.-The gai1niS of the earlier trading There was everything in the bulls fla vor in the early market, dhe lively buy ling on Saturday aHavng apparently re- assumed fordgn capital, so that prices of American securities on the London exchange were advanced before the opening here Prices of the irlterTalicn al stocks opened about on "a parity with the Dorl3on higher level, fine mass of orders in the hands of commission houses and which were put into execu- ition immediately showed that the homo public as well as 'the foreigners believ- ed ,Illat the market had turned again and that re-acition had come to an end
 The sensational jump in Manhattan at lSle opening of over points aIso stimu- sated the 1Gsse, though the small volume of purchases on which the stock was carried up and the heavy offerings im- mediately Invited by the advance quickly showed dll1at ahe jump was pure 1y manipulated The .gJinched shorts having covered. ghe price quickly reced- ed and transactions i'm the stocks pro- ceded on a normal balfs and stfbl at substantAal advance on the prevalent belief hhala a dnoyeinerlb was develop ing for the absorption of the property by surface railroad interests. Consoli- aated Gas was also on hand with its eeglllHr sensation and rose five and a half points on the opening sale. The ralllnad sbatenelri,k of the day, all of which showed @ continuance of the heavy increase of earnings fannsd the flame of the bull enthusiasm The ad- vance of the enarket under these in fiuences amid under aggressive leader ship extended from one to two points. The higher prices nnyiteh helavy realiz- ing sales and the bears added the press- rlre of shorlt secIing under which the ad- vancss melted away in most eases, the net losses being, however, for the most par't faaoIthonal. Union Pacific was a ndHable exception, Ets 4oks extending to 1asc. Quite a number of the less a5hve stocks escaped itfie laitger liquidation and rdtahneId met gains to point or over, butt the balarice of the market, as 6 rule, closed decidedly lower. Sugar was an active feature aill day and dts later wea knless was a mdlarial factor in breabIng the markets. T1he bond mar kets showed a decided access of actiyi- ty and prices held steady for tine most part agaIinsa the late weakness tin the stock market. Tine toltal sales were $2,150,000.
 Government bonds were strong and were bid up 1sc to Ac for all tissues. There was sales of regstereId fours of 1907 ait 1121s to 112A and of the 5s cou- pom at 115.
 The total sales of stocks loday were 450700 shanes. Including Atchlson pre- ferred 6,72S; Chicago, Burlington and Quincy 2S,320; Missouri Pacific 1S710; New York Ceritral 9,735; New York Gen. tral preferred, l., ,S70; Reading 7,09S; Rock Island 17,101; St. Paul and Omaha, G. S75: Southeim railway 1920; Southern hallway preferred 6,350; Chicago Gas 2S, $50; Tennessee Coal and From 56S0; Westeitn UlAoR 7,021; Chicago Great Western 14560
 NIorey on call firm at 2@31a per cent Last loan per cent; closed 2A@21a per cenit.
 Prime mercantile paper 31h@4 per cent
 Sterling exchange weak with acrual business lin bankers bills at $4841s for demand and at $4.821s for sixty days.
 Posted ratas $4.S3@s4S4 and $4S5k@ $4.S6.
 Commercial bills$4.S1@S4s11s.
 Silver certifc caites 55@561Ac.
 Bar silver 55Ac.
 Mexican dollars 43c.
 Government bonds strolng.
 State bonds dull.
 Railroad bonds strong.
 Petroleum, Penns ylNarlla crude, nomi- nally S5c