The age-herald., 1899-09-02
PRICES DECLINED
 IN STOCK MARKET Flood of Realizing Caused Sales
 of Holdings. BANKS HAVE LOST HEAVILY Business in Bonds Was Dull With Prices Firmly Held = The Total Sales at Par Value Amount
 ed to $l,5so,ooo.oo
BANKS HAVE LOST HEAVILY

New York, September 1.-The feature of today's market was the vigorous offer to the bulls, about midday to lift the market out of it's listless and heavy conditions by sharp advance in the Vanderbilts. The ef- forts miscarried and invited such a flood of realizing that prices sold off to the low est point today which was in many eases as much as $1 per share below last nights level.
 The bears had a hand in the decline, but the demand from shorts to cover was light and rallies in the general list were of small proportions. The movement of railroads generally through the morning were ex- ceedingiy small either way except in few individual cases. Chicago and Eastern H. Hsois was pushed up over points above par but relapsed nearly points. The movement of the specialties in the first hour was a good deal mixed. Consolidated Gas and Tennessee Coal shooting up 2 points, but the Tobacco stocks. Brooklyn Transit and Sugar were heavy in tone. Only a little before noon Omaha and Northwestern were pushed up on revlvai of the old story of the absorption of the former by the latter.
 About the same time the apparent ap- pearance of the New York Centraps annual
  economies effected by the consolidation of that great system. The result was rise of points in Omaha, 3as in Northwestern and nearly 2 points in New York Central. A number of other Vanderbilts sympathlzed to the extent of a point and the Union Pacific stocks were bid up a point, giving color to the rumor that the much talked Of trans-continental consolidation was about to be perfected. The very heavy blocks or Union Pacific stocks coming out on the rise and the detection by the bears Of sell Ing for long account brought determined raid and a realizing movement all along the line. The gains which had been ex- tended in some cases to near point were quickly wiped out and the general level Of tIae market fell below last night, Brooklyn Transit dropping points. Central Pacihc lost 1h.
 The market was very listless during the , last hour and closed generally easy at an average decline London sent higher prices and bought here to a moderate extent, put this support was without avail to sustain the marlt The fear of an unfaVorapie bank statement was a heavy weight on the market.
 The New York clearing house banks have lost heavily during the week. both on the interior movement and to the sub-treasury' Shipments on balance to the interior to the extent of nearly $2000,0O0 can be traced The statements of the sub-treasury during
  eorbed. on account of internal revenue and customs payments, and deposits for ship ment to the interior, something like S3,Soo,- 600 after allowing for payment of SlOo,ooO on account of drafts from the San Francesca mint Small allowance Is to be made for receipts in gold at the assay office which are credited to the banks, but there IS ap- parent loss of cash of nearly S5,OOO,OOO There is no evidence of any sufficient re- ductios of deposit liabilities by contraction of loans to offset this fall in cash re- sources.
 New York. September 1.-Money on call steady at 3a3n per cent; last loan per cent. Prime mercantile paper, 4A@5 per cent; sterling exchange steady with ac- tual business in bankers bills at $iS64$4- S6A for demand, and $4. .S3@$4.s3A for sixty days; posted rates, Si.S and $i.S6qA. .S7la; commercial bills, A.S2.
 Silver certificates, Sa496Oc; bar silver 5sc; Mexican dollars, 47lac.
 Government bonds steady; state ponds strong; railroad bonds firm.
 ta Talh Ry Palmer,