The age-herald., 1898-09-17
sugar
Tn Wall Stree+

New York September 16.-There was a re- crudescence of fears of a squeeze in the money market today. This had the effect of bringing the morning advance in prices of stocks to a standstill. The dullness that followed invited operations by the bears. They centered their attacks on Sugar, which was but feebly supported at any time during the day, though there were one or two sharp rallies on covering of shorts. The decline in the list did not bring any very heavy offerings and was effected on light transactions for most stocks. There was profit taking by room traders, but no resumption of the urgent liquidation which was characteristic of the market early in the week. Active support was W1thdrawn, however, and manipulation to advance prices was abandoned for the time being. The earlier part of the day saw a very active market and some sharp advances of the Pacafic and the industrials maintain ing their leadership. Tobacco made a new high record at 1521a, as did New York Ar brake at 104. The grangers were In good demand but there was no apparent elfort to advance prices.
 There was a slightly higher range TOT call loans at the board today, but the ap- prehension of stock operators was rather of the sentimental effect of a propaple lui ther decrease in surplus reserve, WHICH VIII be shown by tomorrows bank stateHehI' than of an inability to get money TOT use. The decline in the surplus is partly que to the fact that last weeks statement was boeed on falling averages, so that last weeks operations will be partly reflected III tomorrow's statement. Moreover 'neto had been no such contraction or lodhS tlii' week as last to offset the loSsese Tn casH' which have continued to a lesser extent on account of subscriptions to the govern
 nf fnu rency It is not expected, therefore, that the statement will show much surplus re- serve left in spite of the large deposts ol government funds which have been naue with the New York banks during the week. Outside banks show a disposition 10 send money here to be loaned, and especially for the purchase of mercantile paper More over. bout s1 S00,O00 additional in gold was enga aed in London today for import so that no further serious crisis Is eXpecteu- in the money market. London pought stocks here this morning, but turned seller after prices had advanced and the engage ments of gold for import had been an- nounced.
 The bond market was moderately active and prices were quite firmly held. Total sales $2, ,7SO, ,OOO United States As both old and new and the 5s advanced Hc in the bid price today Demands for the 9s was much curtailed and the price ruled at 1O5ss all day.
 New York, September 16.--Total sales of tocsk today 415, 100 shares including 7,93l Atchison preferred 10,995 Burlington and Quincy; 141S1 Burlington; 5,650 Louisville and Nashville; 72540 Northern Pacific; H. 96O do preferred 955i Rock Island; 3l,155 Union Pacific; 35,605 Tobacco; S,l7O; Peo- ple's Gas; 99,29S Sugar; 1O,363 Rubber
 New York. September 16-l1vening Posts firm, 315@5 per cent; last loan Az per cent.
 Prime mercantile paper 4@5 per cent.
 Sterling exchange weak, with actual busi- ness in bankers bills at $4.S3a4@$4S4 for de- mand, and at $4 s1a40$4S2 for sixty days.
 Posted rates $4S3@$tS3h and s4S5a$LS5k.
 Commercial bills $4.S1d$4S1A.
 Silver certificates 601a@61c.
 Bar silver 60slc.
 Mexican dollars 471sc.
 Government bonds strong.
 State bonds dull.
 Railroad bonds firm.