The age-herald., 1898-06-04
In Wall Street.

New York; June 3.-Professional specula- tors on the bear side were very alert and active today, attacking first one point then another in the list, and keeping the stock market decidedly unsettled. In the final hour there was a move all along the line, which effectively broke prices, leaving only few small net gains in some of the low priced stocks that had been pushed up in the earlier trading. In all the prominent stocks, even sugar, which was the leader of the market, gains were practically wip- ed out, and in some cases net losses amount to over points. The bear drive was &C., companied by a considerable beating of tom toms, and a duffusion of alarmst rumors and ostentatious fears of the effect of the senate vote of the coinage of treasury sil- VT.
 The days trading opened with conditions In yesterdays market rather emphasized; 1; that Is to say, with high priced dividend paying stocks, showing some effects of the profit taking, and the middle and low grade stocks we'll supported by new buyers. The profit taking in there cent leaders were pretty well absorbed, and 1t was evident that funds realized by selling these stocks instead of being taken out of the market, were simply being diverted into other stocks which have not as yet advanced con- spicuously in price. The realizing in the grangers and some of the high-prced spe- cialties caused them to droop somewhat, and made them vulnerable to attack. Lon- don followed the New York 1ead and sold the high- priced stocks and bought some of the low-priced internationals. The prefer red stocks of reorganized roads were in especial favor, Union Pacific preferred and Northern Pacific preferred being cnspicU- us examples. Sugar was a strong sustain ing force, and rose at one time 2h points, but saved only the fraction. The local trac- tion stocks were markedly weak all day. Money continues in superabundance supply and rates continue to declie. New York ex- chage has gone to a sharp premium at Chi- cago, indicating a current of funds to this center, and the New York banks continue to gain largely also from the sub-treasury. Silver sold today at 595s, the highest price for the year, the demand coming from Spain. u,
 Bonds were strong in early dealings, but the speculative issues yielded in sympathy with stocks. Total sales, 4.700 900.
 Unied States As, reg, of 1907 and 1925, ad- vanced F, while the 5's reg. declined 1s in the bid price.
 Total sales stocks today, 525, 300 shares, i-clud ng 34,S59 Atchison preferred; 42,2O0 Chesapeake and Ohio; 14,s37 Burlington; B. 3So Denver and Rio GTande, preferred; 8,350 Louisville and Nashville; 16,2S1 Manhattan; 1115 Reading preferred; 12,005 M K. and T. preferred; ,255 Northern Pacific; 2f.7S0 do preferred; 25,55O Rock Island; a,25O St. Paul; 5.O25 Southern; 14,472 do preferred; 3,400 Texas Paciflc 5S,693 Union Pacific pre- ferred; 24,25O Peoples Gas; ,169 Sugar.
 Money on call steady, 1AQ1h per cent; last loan, 1A per cent.
 Prime mercantile paper, BOA per cent.
 Sterling exchange. firm. with actual bu l. ness in bankers bills at s4S6AQ$4S6s for demand and at s4s4K6s4s41k for sixty days.
 Posted rates, s4S5G$4.87.
 Commercial bills, $As3d$4.S3A
 Silver certificates, 59A q60S.
 Bar silver. 597s.
 Mexican dollars, 45R.
 Government bonds strong.
 State bonds dull
 Railroad bonds strong.
 pv pr,vate Wire to Paine, Murphy & Go.