The age-herald., 1898-08-30
In Wall Street.

New York, Aug. 29.-Prices of stocks broke sharply today and showed depression throughout. The first rally showed con siderable vigor, but later in the day the recuperative power of the market became feebler and the close was barely steady at slightly above the lowest The losses ranged from 1 to over percent in leading stocks. There was a growing disposition to realize profits both by professional trad CTS and by outside holders. The latter was shown by the steady stream of the selling orders that came from the commission houses all day. Professional traders quite generally took the short side of the market and bears sold with growing confidence and demand to cover the close, the demand be- ing very light There is evidently a large growth of the powerful trading element, which has lighted it's holding of stocks and is anxious for lower prices to buy back again. In some of the leading stocks the opening was about the lowest of the day Others held out firmly for the rest of the session, but eventually yielded to the per sistent demonstration of the bears in oth- CT stocks. Buying for London account was distinctive factor in the firmness in a number of international favorites among them Southern, preferred, Denver preferred and Norfolk and Western preferred. There was a steady absorption of stocks at the decline. This seems to be the result of buying orders below the level of the mar ket for traders account, as well as from commission houses The tendency to sell was undoubtedly due to the prospects of tight money. The minimum rate for call loans was held at per cent and 6 per cent was paid in some cases. In sympathy with the money market and with the in creasing supply of grain and cotton bills actual rates for sterling exchange declined A nant Nha I rlya was marked up sharp fraction, and there was buying of gold said to be for New York.
 The higher rates for money caused a de- pression in the market even more acute than that in stocks. Some of the specula- tive bonds that have been recent fayoriteS showed marked reactions. Total sales, $3,- 725, 900. United States 3s when issued de- cined M in the bid price and A on actual transactions. The new As coupon sold at l2ss4 decline of #, but the closing bids ex- cept for the 3's were unchanged.
 New York, August 29.-Total sales of stocks today 472,900 shares including 16,950 Atchison; 20,41O Burlington; 3,4O0 Denver and Rio Grande; AS Erie preferred; 9635 Louis vile and Nashville; 1O,OS6 Manhattan; 49,3S0 Northern Pacific; 17,343 Northern Pacific preferred; Il, ,240 Rock Island; 32,510 Union Pacific; 57,935 St. Paul; 11,73S Southern pre- ferred; 440O Texas and Pacific; 34, ,450 Union Pacific preferred; 3,775 Wabash preferred; S.34O International Paper; 4,S40 Cotton Oil; 9,7SO Tobacco; 6,545 c. G. w.; 16,S26 People s Gas; 1925 Illinois Steel; 25160 Sugar; 5,640 Tennessee Coal and Iron; 5,720 Leather pre- ferred; 8,345 Rubber; 5,69O Minnesota Iron.
 New York, August 29.3 D. m.-Money on call frmer at 2Q3 per cent; last loan at 21a per cent.
 Prime mercantile paper, 3A@45 per cent.
 Sterling exchange weak. with actual busi- ness in bankers bills at $4.S4&i0b4.s5 for de- mand and at $4.S3A@4S31A for sixty days.
 Posted rates, $4 S4GD4. .S41s and $4.S6
 Commercial bills, $4.S2@4.S2A.
 Silver certificates, 59k@61.
 Bar silver, 59A
 Mexican dollars, 461s
 Government bonds steady.
 State bonds dull.
 Railroad bonds weak.