The age-herald., 1897-08-05
RIoRDAN & co.
InWall Street.

1nWall Street.
 New York, Aug. 4.-The great majority of sales of stocks on the exchange today were made at prices very substantially above last nights closing. But the mar ket succumbed in the last hour to sud den selling movement induced by profit taking. The effect was to wipe out near ly all the earlier gain in most stocks and to leave the average but little changed from yesterday The sales of stocks at tained an aggregate of over oO'eo0 shares The dealings in the last half hour were all at lower prices and the only stocks to escape the effect of the fall were those not included in the later dealings. Except for the final decline the market was almost a repitition of that of yesterday, copious purchases be- ing made on pretty nearly every stock in the list. Very many sales of odd lots were recorded, rehectng the ventures of small individual purchases through commission houses. There was not much discrimination shown in this class of !, buying which embraced some of the stocks which have almost passed out of the field of attention on the exchange. A notable feature of the trading was the heavy selling for foreign account and the readiness with which these sales were absorbed and their sentimental effect dsregarded. Northern Pacific preferred was the chief sufferer in this respect as on yesterday. It is estimated that the total sales in London reached 350,000 shares for the day. This was almost without effect on prices here and failed to check the further fall in sterling ex- change, which was affected by heavy of- feringS of grain bills. London was ap- parently eager to realize on American securities and steadfastly declined to en- ter the tempting field of speculation of fered by the New York market. The industrial group and the gas stocks were conspicuous again today for strength. Consolidated Gas leading and showing a further net gain of five. The grangers were heavily bought and advanced at one time nearly a point. The final de- cline left the net gains in this and other stocks only fractional. New York Gen. tral, the Vanderbilts and the anthracite coalers were also notable for some sharp gains. Sugar rose at one time 2Ac, but closed with only a fractional gain. :, The total sales of stocks today amount ed to 17,2O0 shares, including Atchison preferred, 9,345 Chesapeake and Ohio 10,- 27o;. Burlington, 19,925; Erie, new, 10,975; Louisville and Nashville, 10,375; Northern tPacific preferred, 23,220; Northwestern. 5,S5O; Ontario and Western, 5,5Oo Read ing, 21,357; Rock Island, 11,220; St. Paul, S7,o2O; Southern railway, 917O; American Tobacco, 1S,17O; Bay State Gas, 5,573; Gen. eral Electric, 10170; La CDede Gas, 5,0S0; silver certificates, 5000; Sugar, 26,17O; Western Union, 1O,230; Chicago Great Western, 13, 995.
 Operations in railway bonds were att tended by violent fluctuations with Gsor- gfa Pacific firsts and Union Pacific 4s the most conspicuous for advances of 31h and 3 per cent. respectively. The market maintained very strong tone through out, with dealings on heavy scale. The aggregate sales were $3, ,340,000
 Governments were heavy on moderate sales.
 Money ON cali firm at 102 per cent; last loan 1 per cent. closed offered at 1 per cent.
 .e.Prime mercantile paper 3h@4 per csnt
 Sterling exchange weak, with actual business in bankers bills at $4.86ss00 $4s6A for demand ard at $4.S55s@$4S5A for sixty days.
 Posted rates $4.s6k k@s4S7 and $4S7M@ $4SS
 Commercial bills. $4.S5
 Silver certificates 57@57h.
 Bar silver, Sic.
 Mexican dollars, 44b.
 Government bonds weak.
 State bonds dull.
 Railroad bonds strong.
 Closing Stocks.
 AtchisOn .... ......,,,...,....,,,,... IA Atchison preferred. d........................ 2Sla Baltimore and Ohio. .......... ........... 10ts Canada Pacinc. ................... 72.a Canada Southern. .................. 54 Central Pacific. ........................... 9h Chesape ake and Ohio. bio.................... FIN Chicago and Alton. .................... 157 ChicaVo Oui