The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1898-05-01
In WaII Stree .

New York, April 30.-There was quite an
extensive taking of profits today after the
three days advance in prices. The real
izing sales clipped off something from the
days extreme advance, leaving net gains
in the United States only fractional. Early
declines for Americans in London EXTENDED
to nearly a point in some cases. -PflceS
were. however, bid up at every appearance
of confidence on the offerings of the arbit-
rage brokers were quickly absorbed. Sugar
mounted nearly four points ana the other
leading speculative stocks a point or over
The safe arrival of the steamer Paris was
adduced as a bull argument and there
were vague rumors rcu.ated that private
information had been received that the
limited States squadron had Already fought
a successful engagement off the Pnllipp mes.
The aggressive leadership of the big Duils'
coupled with these rumors kipdled the en-
thusiasm of buyers and the small traaers
followed the lead of the big ones. quite
fair amount of commission house buying
was also done. But while business was
still active and on large scale, stocks De-
gan to be supplied The offerings were
sufficient to feed the demand and retro
grade movement ensued. Before the reac-
ton had proceed far tn supply ceased
There was some renewal of the buying de-
mand in the second hour, but 1t did not
reach large proportions and the recoVeries
were not important.
The actual conditions in the money mar
ket have become appreciably easier oafilS
the rate and the rate for time '9a's was
ST AIDED from to 51s per cent. me con
timed demand from the interiortor money
is attributed to the desire of interior banks
TO he prepared to meet the recurrence Us
Of their depositors who s1bscs!be TO Inc
honl issue. The demand Cor exchange Is
small A feature in the exchange situation
worthy of consideration Is the TART ina.
0IITs
ing abroad of Americans this year. me
demand for exchange is small.
rho dowrward tendency Of railroad no1.Hs
bs been arrested and prices have improved
ducing the latter part of the week OH IN
in creased business. United States ne" 70
had advanced IA and the IS CO lIon y, %h'ie
ths OH As registered have declined q per
cent, in the bid price. Others were un-
changed.
INC decline in the price of bonds and tie
high rates for money have been the IN
ducenents which have caused wall street
selling towards the close unsettled the
co+to1 market and caused break. The
decilao from the highest to the lowest
prices of the day was a matter on TO .
noints. The market closed weak at a net
loss Of to points.
Port receipts estimated for the day at
II 900 bales, against 1873 last week and H.
15S last year and for the week estimated at
10000 against 5S,774 last week and Al AL H. ST
wear. At Memphis 722 bales against l60
last year and at Houston SGT against LAG last
year.
Total sales of stocks today 166,SOO shares,
including 15,4OO Burlington; 3,140 Louisville
and Nashville; 3525 Manhattan; 3,4O6 Metro
nolitan: 4150 Northern Pacific; $685. do pre-
ferred: 6.977 Rock Isand 1920 st. Paul;
IL. 900 u. P. d. & G. preferred; 1880 To-
bacco; $3.50 Sugar.
Money on call steady at 2G21s per cent.
Prime mercantile paper, G@7 per cent.
Sterling exchange weak, with acutal bus
mess in bankers bills at s4SS%Q4S4 for de-
man and $4SOa4@4.a for sixty days.
Posted rates, s4.S11ad4S2 and S4.SoQfsol2.
Commercial bills, s4S0Q4.SOh.
silver certificates, 10000 ounces sold at
571b657%; closed at 571z@577s
Bar silver, 56s.
Mexican dollars. Asa.
State bonds dull