The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-08-28
In w all Street

New Yoqtk, Aug. 27.-To5ay's market
was strong throughout ami the upward
tendency eff prtess was prac ically unsIn-
terrupted by reactions. Anything like a
recession in tlne bids for sll0cks excited no
offerings ami resulted in a hull inSthe ac-
fiv.ty, which soon gave place to renewed
buying ami higher level of prices. Many
dnactive stocks wee sought out ard
moved in the market all a. notable gains
The movement even touched one of the
extremely low priced, almost discarded
tissues. The strength of the market was
apparently based on a renewal of full
confidence Inn INN nm Inn nm HIM bib
confidence in the Improving tendency of
general business. Some of the railways
are making record earnings and all aae
shlowing increased ean nings Fuller u'e-
ports of some western grain carry ing
roads show that The total improvement in
their business is due In larger pert 10
the movement of general merchandise
wea ward Imam to the nr0v enent of grain
eastward amid this is taken asian i'm
portant index of the mp OVEN: n. II gen.
eirail BUSINESS. The eontilusd ease in the
money market in view of these eyi-
dences of awakened industrial activity
causes surpndse, but cheap money Is an
incentive to speculation. The break in
grain was regarded in the stock market
as proving the safety and abundance OF
the grain crops and excited SPECIAL ac-
tivity in the granger shares. Rock Island
took the Iead in the group ard, moved
up 2 points during the day. Burlington
gained over "a poirIl and St. Paul point.
Chicago Giieat Western Jagged and fell
off a fradilon. The coaaers were ehe ex-
ception to the buoyancy in the list and
declined a fraction. Missouri Pacific was
active and aggressivey strong all t2ay
and gained IA net. Southern preferred
also was prominent, with an advance OF
13s. Pennsylvania was dealt, in on the
exchange for .lhe firgt time ina long Lime
alt liza. Colorado Fuel nose over point
during the day. OF the inactive list,
Cleveland, &C.. C. & st. l.. preferred, sod
at 6 points over yesterdays bid price.
THE common stocks also advanced a poitt.
B. G. o. gained liz. Ia Cle'de Gas showed
% net gain of "a !; metropolitan Traction,
27s; Maallradtan 11l; National Starch Sec
ond preferred, 8; NJ Y, 81. L. & c. pre-
feared, over a point, and Great Northern
preferred, 3A. Stocks. of the local gas
companies were all strong on talk of con-
UNOi tlWShot IA S1S- VI was w.
spicuous for loss of points at the
close.
Total sales of stocks today were 375. 113
shares, including Chesapeake and Ohio,
20,210 Burlington, 1865; C. c. c. & ST. L.,
$3.50; Louisville ard Nashville 10,430; Ms
souri, Pacific 1875; Nolihe;n Pacific pre-
ferre,d, $685.; Reading, $685.; Rock lsia-h,
2S,475; st. Paul. 81, 450; Southern Railway,
$3.50; do preferred, 14,S15; Bay State Gas,
Is, 260; La Cfe,7e Gas. $780,, Western
Union, 1920; Chicago Great Western, IT,
465
THE bend market was very active and
generally higher. To',al sales, $2,275,000.
IGoveimuneGIt TOURS and fives were rs
higher.
Money on call easy at 1@1A per cent;
last loan IN per cent. closing at 1@1A
per cent.
Prime mercantile paper, 3A@4R PEE
cent.
Sterling exchange easier with business
in bankers bills at $4.85 for demand and
at $4.S3A @4.S31h for sixty days.
Posted rates, $4.S4k@4.S5h and $4.SCls
@4S7.
Commercial bills, s4S21a. s.
Silver certificates, 51%c. 54i
Bar silver. 51a4c.
Mexican dollars, 40Ac.
Government bonds strong.
State bonds dull. AZ
Railroad bonds strong -
Petroleum, Pennsylvania crude, no
market, nominally at 85c.
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