The age-herald., 1899-09-23
STOCK MARKET
 RECUPERATING Uneasiness in Foreign Affairs an Element at Opening. RISE IN TENNESSEE COAL
Movement in the Speculatives an Ele- ment Throughout the Day-Bank Statement Eagerly Awaited
 Bonds Moderately Active

New York September 22.--The recupera- tive tendency on the stock market gained decided force during the progress of to- days trading. The uneasiness abroad was an element at the opening. Changes were small and irregular, and the tone of speeu- lating hesitating. Anaconda was notably affected by disappointment of British hold CTS over the amount of the dividend and dropped nearly 3 points from yesterdays closing level here. The pressure against American Tobacco was also in evidence Brooklyn Transit had a struggle to over come its opening decline. The latter event. ually moved upward, and though 1t fell once again below last nights level, it's ad- vancing tendency afterwards was q stimu- latng influence on the market throughout the day.
 The stocks of New York city corporations showed close sympathy with the movement In Brooklyn Transit and many rumors were prevalent to account for the move ment pointing to plan of unity of control of all the public utilities in the greater city of New York. The fact that the in- terests which have been in conflict in the focal gas war are more or less identified with the various traction companies gave color to the rumor. Net gains in this group including Manhattan, Metropolitan Street Railway, Brooklyn Transit. Consoll- dated Gas and Brooklyn Union Gas ranged from IA to points.
 The movement in the specialties was most conspicuous throughout the day, but rather notable demand sprang up for the railroads, attracted by a sudden rise ia Omaha of "A, in Northwest of 4 and in New York Central of 11a. These gains were not maintained, but there was pota- ble buying all day of Southern Pacific and of the grangers. One or two of the South- westerns advanced well. The movement in the railroads did not extend far outside these limits, except for some obscure stocks. Peoples Gas was strong in sympa- thy with Brooklyn Transit, and there were good advances in sugar and Tennessee Coal American Hoop and Federal Steel showed strength and Pullman rose an ad- ditional 1l@ on rumor of an extra divi- dend.
 There was a very heavy demand in the last hour for the leather stocks, which was q material factor in overcoming the reac- tionary tendency of the market. United States Leather, common, advanced to 151s, and the preferred to 793s closing at the top The general market closed steady under this sustaining influence somewhat below the best. Speculative opinion was inclined to look for a favorable bank State- ment tomorrow, and was much cheered thereby. There was no further evidence of stocks being forced to sale by calling of loans and the rate of the call money did not rise above per cent, and fell on minor transactions below that.
 This is pretty good evidence that the banks are within their legal reserve but it gives no clue as to how far the surplus may have been replenished The banks have lost S2,516000 to the sub-treasury, and the known movements of money indicate further loss to the interior of about g. 100000. There has evidently been some off, set to the interior movement by receipts through the mail and through other chan nels not generally used for this purpose. The condition of the surplus therefore, de- bends entirely on the extent to which loans have been contracted and deposit liabilities thus reduced.
 The stock market during the week has clearly enough indicated that the reduction of loans has been on large scale. But the same conditions were manifest last week when the bank statement proved a great disappointment, and this fact begets some uncertainty concerning tomorrows statement.
 fine bond market was moderately active and prices advanced in sympathy with stocks. Total sales, par value. $1 245, O0O. United States fs, registered, E in the bid price.
 New York September 22.-Money on call firm at per cent; last loan, 6 per cent
 Prime mercantile paper, 4%d519 per cent.
 Sterling exchange firm with actual bu- sness in bankers bills at $.S5AG4.S52 for demand and $4S1%G4S2 for sixty days.
 Posted rates, $iSS64S31@ and S.S6tM4S7
 Commercial bills, $4.S01a6I4S1.
 Silver certificates 5S1aG591a
 Bar silver 5S3s.
 Mexican dollars, 47%.
 Government bonds firm.
 State bonds inactive.
 Railroad bonds strong.
 {By Private Wire to Tabott x Palmer.)