Birmingham state herald., 1897-06-04

ing market and crop accounts will be closely watched. RlORDAN & co.
 w ..e4 ss,
 New York. June 3-Prices on %thet stock exchange were in full swing upwafd sla along the line today when Samuel Post, Jr., an old and popular member of the exchange was seized with heart disease and expired almost immediately on the floor Tnis visitation 0f death put an immediate Sep to the trading in stocks and it was not rs- sumed for nearly two hours. The volume of business was in consequence largely cur tailed, many of the active operators with drawing from the dealings for the remall- der of the day, The confidence of yester- day at which all offerings were absorbed even a large amount of stocks which had been bought for London account Were re- sold here, had its effect in London today, on the tone of the market for American securities. There acuye' demand ana advancing prices as long as the trading continued in London, and was the cause of large purchases here for London az count. Buying was the most potent fact in the market and supplanted by the sym. pathetic strength radiated from some spe- point materially above last nights close in the great majority of stocks. But a rush of realizing sales in the closing transactions wiped out the earlier gains in 3 great n. many any stocks and left them a fraction be.ow last nights close and were near the low po.nt touched in a realizing movement earlier in4 the day. The selling to take profits al the close started in Chicago Gas, which had been most aggressivey strong all day, r.s- of the present upward movement. A fall. of over a point at the close induced selling in other stocks. Sugar also was $. the the leader of the market with a total of 35000 shares sold, sagged si in the final dealings and had a strong influence in causing the final de cline. There was manifest all day inl fact a rather nervous watchfulness on part of professional traders for the p1oment to take the highest profits and several pot9hle sfiI- ing movements occurred during the. day. Rubber preferred broke 6A at the beginning of the day and the common ana prefefred stock were fsversh all day. But the s.ys buy with the commission houses and strength in the specialties served to give a strong undertone to the market. The grangers gar in the list with several buying orders.
 Total sales of stock during the day amounted to 196,910 shares, including Su- gar 3S5,OO0 Burlington and Quincy. I 300, Chicago Gas 25, 500 Reading 25Q00, Rock ls- land 61OO, St. Paul 1d, , a00 ", u. T. %; ;,6 loo' preferred S4O0 -
 The bond market displayed unusual ani- nation, the sales aggregating $2lSS,o0O de occasoned by the demise of s. l.. Post. Jr. The dealings embraced an extensive variety of issues in which marked gains were gem orally recorded. Considerable amounts of the middle grade and spec ative issues We're taken for foreign account ena a, ~ fsv q investment demand by domestic interests was noted for the gilt-edged mortgages. Improvement of to per cent; were scored in many of the leading. properties and there were but few exceptions to, the upward trend of values.
 Governments displayed strength and gained slight fractions on purchases or $126,0O0. ., eeeRt
 Money on call easy at 1A11a per cent; last loan 1: closing at 1@1A. e.t
 Prime mercantile paper 31sG4 per cent.
 Sterling exchange dull and steady with actual business in bankers bills at a.S for demand and at 4sS%@4S6 for sixty s days ao,s
 Posted rates. s4S6ibT47 and $4SS0 SSla.
 Commercial bills, $4.S5A. yGt5
 Bar silver, soc. ~- tse5tffaf
 Mexican dollars. Hasc
 Government bonds strong.
 State bonds dull. .,. s,...55F