The age-herald., 1898-09-29
Tn Wall Sure ct.

New York September 2S-Infiuences at- fecting individual properties furnished the motive for today's irregular price move ment. The bears, flushed with their recent successes, attempted to make 1t interest ing for their opponents at the outset and effected a break In Tobacco and sugar. The latter went down on the announcement of a reduction in grades Of the product put the heavy supporting orders turned the current and forced heavy covering. SupSe- quent fluctuations were very cratic, m sympathy with the changes elsewhere, put the stock rebounded strongly and ended at ,-e top. The futile efforts of the shorts to inflict damage on the railway list caused the traders to range on the long side for a turn and bullish sentiment became more marked. Absorption of the standard d1Vi- dend stocks has been in progress lately by interests capable of holding them until the general situation became clearer and out side confidence regarding the tt nd ency On the/ money market was restored. Conse- quently the apparent diminution in the floating supply of stocks caused mo- mentary scramble and values improved sharply In many directions. Later devel- opments seemed to favor a belief that the bears were playing possum and content to wait until the market reached higher level in order to make losses more acute. Dullness followed the rise and little of in- terest developed until the late session, when Tobacco was savagely attacked and ex- tensve short lines were put out elsewhere. Tobacco, which reached a level fractionally above last night slumped seven points to 273 and the market for rubber and some other stocks was cut away. The demorali- ation in Tobacco forced holders to sacrifice their interests elsewhere in the market to meet the urgent demands by commissions for additional margins. Reports regarding the nature of the forthcoming Burlington statement added to the break, and large blocks were let go with resultant severe losses The success of the bear party in causing the current demoralization in sugar and Tobacco caused considerable nervous ness and uncertainty among security hold CTS. The steadiness of the money market during the furry and the report that the government would disburse October 1 anticipated interests amounting to $4 ,250 900 on the 3s, 4s Rnd 5s failed to check the sell ing movement.
 Final dealings were very feverish, but last prices ruled above the lowest with the declines exceeding a point mainly in tne industrials. Specu ation in railway mort- gages was attended with increased anima tion and lower prices. Total sales $2S60,- GOO. -#'
 Government bonds moved independently of the other markets and showed consider able firmness, the old fours rising Ac.
 New York, September 28, D. m.-Money on call easier at @ per cent; last loan at 3R per cent. Prime mercantile paper 445 per cent. Sterling exchange firm, with ac- tual business in bankers bills at 4841s@ 4S4A for demand and at 4S11a@4S15s for sixty days. Posted rates 4S2@4s21h and 4S5; com mercial 4S01@4S1 Silver certificates 6115@ 62; bar silver, 61A; Mexican dollars, 47lh Government bonds steady; state bonds firm; railroad bonds weak.
 New York, Setember 2S-Total sales of stocks today, AT 400 shares, including: At chison, 447O; Metropolitan, 125SO; Union Pacific, 9,390; St. Paul, 12,312; Union Pacific preferred, 12,014; Cotton Oil, 12,S4o; Tobacco, 22,25O; Chicago G. w., Il 160; Peoples Gas, 1223O; United States Leather preferred b.7JO; United States Rubber, 2,450.
 New York, September 2S.-The American Tobacco company has declared the follow ing dividends: Two per cent on common per cent on preferred and per cent on scrip.
 By Private Wire to Paine, Murphy & Co.,