The age-herald., 1898-08-14
In Wnll Street..

New York Aug. 13.-The animation or today's stock market was far less than last Saturdays, and the net gains on the days transactions were much less strik- ing The actual signing of the peace pro tocol brought no enthusiastic buying, but, on the other hand, it brought realizing sales such as are likely to occur on the continuation of an event heralded and dis counted. There was large and teady demand throughout the short session of the exchange, which held prices quite firmly throughout the list. Active buying in a few stocks was conspicuous, especlai- ly Northern Pacific common, which added another point to it's price in the course of the day. The grangers were strong and Union Pacific showed advancing ten- dency. The southern railroads continued somewhat depressed owing to the yellow fever case reported at a town in Louisiana. Even in the absence of an epidemic, the precautionary quarantines are likely to ln- terfere seriously with railroad traffic. Kan sas & Texas preferred dropped off a point under this influence. The motive of the recent selling of Manhattan disclosed by the report of the June quarter show ing falling off in gross earnings com- pared with last year of $145,927. The stock was lifted after early depression by the demand to cover. Very notable advances were shown by the Rubber stocks, To- bacco and New York Air Brake. There was no evidence of heavy liquidation for London account as a result of the Anglo- Russian crisis and those who sold short yesterday, protesting fears of such re- suit, bought to cover today The large de- crease of S6,7S1,150 in the surplus reserves of the banks was without effect. The clos ing was generally firm, only few stocks showing slight recessions from the best.
 The dealings in stocks this week rose fully a million shares over those of last week, but are still almost a million shares below those for the corresponding week last year. The par value of the bonds sold at the exchange during the week was, how ever, fully equal to that of last year and exceeds $21 100000. Business was extremely varied in character and embraced so exten- sive a list of securities that the movement of special stocks was of little effect in de- .ciding the course of prices Weakness at some points was without influence at oth- CTS. Where the demand seemed to con- tinue unabated there was obviously realz- ing going on, but apparently the profits from sales were diverted to other stocks of lower grade, which had not yet moved grade which had not yet moved upwards upwards. The demand for stocks is un- doubtedly based on general conditions and tthe market has been little affected by the special news developments of each day.
 The market was without animation but was very hard and continued steadily up- ward in the favored railroad stocks and the Rubber stocks Kansas and Texas pre- ferred dropped point on fear of yellow fever ,quarantines. New York air brake rose to 771a. The closing was generally firm, but showed slight reconcessions at some points on traders profit taking. Sales 173,612 shares.
 Total sales of stocks today 173,612 shares, including 3,T9S Atchison preferred 4635 Kansas and Texas 5000 Southern preferred 5000 Cotton Coil, ,3S, ,270 Tobacco, 4,O0O Sugar
 New York, Aug. 13.-Money on call steady at 1ia per cent.
 Prime mercantile paper, 3A84 per cent.
 Sterling exchange steady with actual busi- ness in banks bills at $4.S5le6l4.S .S5A for de- mand and $4. 4.84G4S4A for sixty days:
 Posted rates. $4.S41z@4.S5 and $4S6@4S61s.
 Commercial bills, $4.S3
 Silver certificates, 3s4@o91S.
 Bar silver, 59%.
 Mexican dollars, 46.
 Government bonds firm.