The age-herald., 1898-07-23
In Wall Street.

New York, July 22.-The stock market continued in the hands of the small room TppnsgncP. .u-chooba-
 traders today, who dealt almost entirely in industrial specaties. They advanced the prices of these early and this held up the standard railroad stocks. Realizing in the specialties later in the day caused a sym pathetic decline in the railroads carrying prices in many cases slightly below yester- days close. Except where stocks were influenced by individual causes, the total range of prices was narrow and without significance. The dullness may be quite equally interpreted as indicating disinclin- ation to buy at the present level orasan unwillingness to sell. The future of the International trade situation is still so ob- scure that speculators are not ready to commit themselves. Very little light was thrown on the probabilities by the days grain markets, which are notvery active and were hesitating in tone. There was weakness in the continental grain market and there was selling here said to be for foreign account, indicating the trend of opinion that foreign crops as well as our own are likely to yield largely. There were evidences of a pressure of funds seek ing investment, but they maintained them selves in bonds rather than stocks. The large demand for the new governments 3s, which were traded in stock exchange when issued had a favorable sympa- thetic effect all through the market. This bond sold to 1043a the last sale being at that figure. Bids were for small as well as for full share lots of LOCO. The advance fin other government bonds was called sym pathetic
 The advantages of the new issue for the purpose of circulation make keen demand for thme from the banks, though the pres mi am oh af ,,,Dp to diminish their value for this purpose. Railroad mortgages were absorbed on large scale today. The wcll secured bonds of recognized roads whose value under re- organzat tion has not b cen clarly fixed were the favorites. There was also active de- mand fdr he more speculative issues of the roads still to be reorganiZed or whose payment of interest are contingent upon earnings. The plentitude of money also found reflection in Wall street in talk of syndicates preparing for financial ventures in eastern Cuba. Time ioans were made far six months at the rate of 3 per cent. and sterling exchange continued heavy under offering of grain bllls. London also bought stocks here in spite of a stiffening of the London discount rate in sympathy with the fall in London exchange here
 Total sales of railroad bonds, par value, S4.550 900.
 United States Ends advanced 1, the new reg lSIereu S4, the Old IS reSlSlereu anu the new 4s coupon F and the 5s coupon 1 in the bid price.
 Total sales stocks today 134,500 shares, in cluding 4,417 Atchson preferred 1OsO5 cot- ton Oil; 9,481 Sugar, 11,SA Leather prefer red.
 Money call steady at 11id1k per cent; last loan 112.
 Prime mercantile paper 3lkd4 per cent
 Sterling exchange easy with actual busi- ness in bankers bills at $4S5AG$4.S51. for demand and at $4.S4as4. s4A for sixty days.
 Posted rates s4S56$4. S611.
 Commercial bills $4.S3A
 Silver certificates, 591s@60K. 4
 Bar scilver, 59A
 Mexican dollars, 46.
 Government bonds strong.
 State bonds dull.
 Railroad bonds strong.
 Ry Private Wire to Paine, Murphy 6 Co.