The age-herald., 1898-09-27
sugar
Tn Wall Street.

New York, September 26-The action of todays market at the opening was disap- pointing to the bulls and stocks purchased Saturday on the favorable bank statement were speedily let go and commitments made for the short account.
 The bulls made an attempt to advance prices to parity with the London figures. The rise in the foreign market in the Union Pacifics showed that the buyers were be- coming reconciled to the dividend Open ing buying was somewhat maintained for a time, but was replaced by heavy plunge downward. Stop loss orders were uncovered in the leaders and the market for time was at the mercy of the deal CTS who searched diligently for weak spots. Gossip that disagreement existed between some of the speculative pools was colored, to some extent by the severity of the break in spots. Prices for tobacco, Peoples Gas and Brooklyn Transit melted away rapidly, but sugar, after a drop downward of a point, encountered sup porting orders and ruled above Satuf day $ close for the remainder of the day. The railways meanwhile fell sympatheticaIly, but the losses were confined to fractions and after the first rush to sell had abated, settled down to a level slightly above the lowest and resisted subsequent efforts at
  for by the publication of numerous traffic statements, covering a wide area Of ter ritory and showing SubStantia increases The gains in some of the southern mes was especially gratifying in view of the slow movement of cotton and quarantine reguations in solme sections. These con- ditions were responsible for the marked de- creases reported by the southwestern group.
 Arbitrage houses had purchasing orders, +l,a 0f tha 6iSpOHrAgeu any extensive measures, and only a light sprinkng of various stocks was taken The elimination of an active speuclatiVe interest from the market owing to the rlSlo observance of the Hebrew holiday "1om Ripper" reduced business inconsiderably and the raid on Tobacco also characteried the outside demand. The decline Tn TO- bacco was attributed principally to a de- nial by officials of the Drummond company that that concern had been absorbed by tho American Tobacco company. The bears attacked the stock with considerable con- fidence and drove it down 85s to 1894. Con- siderable amounts of stocks were liqnidated and the apparent willingness of the 1nsld- CTS to see the prices lower invited extensive selling by the shorts. In the last hour the stock movd upward in sympathy with the general market to 1417s. Sugar moved up to 123 and the railways, which moved 1nde- pendent of Tobacco throughout the day, ruled the best.
 In the final dealings Tobacco slumped badly and touched 139 The other indus trials also suffered from realizations, but no appreciabe declines were recorded in the standard stocks. The market left off unsettled with slight losses generally.
 Call money ratteS stiffened sharply atcr in the day and 5k per cent was qu ss> A time The great bulk, however, of the transactions were made at 319 per cent. and some accommodations were secured early in the day at per cent.
 The bond market lacked decisive tone, but dealings were light and variations in ether direction unimportant. The total sales were s1, ,329O 900.
 Government bonds were unchanged bid prices, but purchase of the new fours coupon was made at E higher than the last sale.
 Money on call was steady at 3G5 per cent, last loan at 31a; prime mercantile paper, 4cs5 per cent. Sterling exchange was firm. with actual business in bankers bills at 4.S4d4.S4A for demand, and, at 4.S1MG4Slh for sixty days; posted rates, 4S212@4.S5; commercial bills, 4.SOA@4SOA. Silver certii- oates, 61@62; bar silver, GO 15-16; Mexican dollars, 47H
 Government bonds were steady; state bonds were firm; railroad bonds were ir- regular.
 Total sales of stocks today were 336,60 shares, including S,777 Atchison pref rred, 7175 Northern Pacific, 4,197 Union Pacific, 5.S55 Cotton Oil, 11S, ,2s0 Tobacco, 19,3S5 Peo- ple,s Gas; 47,9aO Sugar; 9140 United States Rubber.
 D Ef1