The age-herald., 1898-09-22
suPar
Tn w all Street.

New York, September A-The course or Sugar today indicated that the long oeai turn in that stock has come to an emu lor the present. Dealings in this stoch cur tinued to absorb an important proporlioI of the total transactions. Enorts to' holo the money rate proved unavailing Ill View of the disparity between the New 1ork cal money rate and other markets ana cah leans on the board fell to per cent. AS result of relief from these important re- ectionary tendencies the markec WaS strong and recovered quite generally lrom yesterdays decline. But this strength was confined largely to spots, and the marhet is still in the hands Of pro1esslondls anu anu reflects no outside interest. There was sun some apprehension that the rally III Susar might be simply the result or manlpuia- tjon directed against a large bear account The sudden plentitude of money was also looked at askance and with some remains the fear that a further furry in call money might be possible. The fact that money has been easy oobtain for several days in almost all markets, but not on the stock exchange, encourages this feeling. But the call money market was unable to Wlth- stand the influence of the various agencies which have been at work for it's relief. The sub-treasury had another heavy debit bal ance of nearly $2,000,000 at the clearing house today, reflecting in part the present. aton of checks for the antieipatory pay ment of the October first interest on gov efnment bonds.
 Transfers of currency from New York to the west through the Sub-treaSury to $S0,- 900 today and New York exchange in Chi- cago advanced to only 1c discount There were further engagements of gold in Lon don for import, resulting in a sharp rise of half per cent to l per cent in the money rate, and of 2s and F per cent to 21s@2h per cent in the discount rate in that mar ket. The stiffening of the London money rate begot dullness in the stock market there, the heaviness extending to the American group and resulting in some selling for London account here. Except in one or two instances, this selling was without much effect number of stocks responded sharply to special causes, as for instance, Manhattan on the return from Europe of the dominant capitalist; Brook lyn Transit talk of the absorption of another line General Electric on the be- lief that 1t would benefit from the recent oombnat ton of electrical interests Leather preferred on covering of shorts who mis- apprehended the meaning of the new leath- CT company announced yesterday. The coalers, cotton oil, ruber, New York air brake and some other Specialties showed conspicuous advances. In the railroad list outside of Northern Pacific dealings were not large but prices in a number of cases advanced point net. Last prices were the best and the market was strong and the most active at the close.
 Prices of bonds recovered in the late dealings from an early tendency towards decline. Total sales S1 ,810,000.
 United States declined Hc and the 3s, when issued. 1sc in the bid price.
 Total sales of stocks today 100 shares, including 13,259 Burlington, 2S,G95 Manhat- tan, 1274 Northern Pacific S062 Northern Pacific preferred, 4.779 Rock Island, 15270 St Paul, 10,1i0 Cotton Oil 16,690 Tobacco 7S20 General Electric, 103,622 Sugar.
 Money call easier, 295 per cent; last loan per cent.
 Prime mercantile paper 4GI5i per cent.
 Sterling exchange weak with actual bust- ness in bankers bills at S4.S33+ for demand and at $4.Slk94.S1A for sixty days.
 Posted rates, &.S2AQp4.S3 and $l.S5-
 Commercial bills $4. 4.S014@4.S.
 Silver certifca tes, 6l12UG2c.
 Bar silver, 81 h-16o.
 Mexican dollars. 4712c.
 Government bonds weak.
 State bonds dull.
 ! Railroad bonds firm