The age-herald., 1899-08-15
PRICES DORMANT
 IN STOCK MARKET Only in Few Instances Was There
 an Advance. I. C. 6 1. MADE BIG LEAPS Confidence Over Money Situation Suf- fered Relapse Bonds Showed ln- creased Activity, Total Sales
 Amounting $2, ,5Sl, 1000
I. c. 6 I. MADE BIG LEAPS

New York, August 1.-The stock market started off with something of an upward rush. stock exchange traders and small outside following had apparently come to the conclusion that Saturdays bank state ment indicated that all vexed problems in the money market had been settled and that the ease and abundance of funds were now at hand. The first sharp advance in stocks, however, demonstrated that the pressure of some heavy selling would have to be encountered on any general upward movement The market thereafter lapsed into the spotty condition which has been its recent characteristic. A small number of stocks showed very marked strength, but the usually active and prominent stocks lay practically dormant throughout the session and showed a sagging tendency which the strength in special instances had no effect towards counteracting.
 Tennessee Coal and Iron advanced by sensational leaps. an extreme points giv- ing color to prevalent rumors of corner in the stock. The tone was feverish below the high level and the net gain was SA. The announcement of the settlement of the smelters strike in Colorado enhanced the prices of quite a number of stocks, includ- ing American Smelling, which is most di- rectly affected, Colorado Fuel Denver and Rio Grande to 5A In Colorado Fuel pre- ferred. The smelling stocks rose 35s and 2% respectively. The railroad stocks to show strength were comparatively few.
 Ihe Chicago Great N eslern deOenture5 started downward after their notable rise on Saturday and are nearly points off on the day, but the preferred "B" stock is up over point and the preferred "A" stock is up over points. Besides these there are notab gains in the c. c. c. & St. l.. stocks; Louisville Kansas and Texas preferred, the Minneapolis, St. Paul and Sault Ste Marie stocks; Cleveland, Lorraine and Wheeling preferred; New York, Chi cago and St. Louis stock and some of the low-priced railroad stocks. Confidence over the money situation had a relapse. the conviction growing that the Saturday bank statement may not be a fair reflection of Saturdays coalitions In the market Un- easinesS and depression were also reflected from abroad, political disquiet in France and advancing money in London and Ber- lin threatening some pressure of Hqulda- tion from these quarters should this coun- try's credits be called home
 Whatever ease Is manifest in the money market is realized to be due to the quetudc of speculative markets the world over, and conservative heads in the financial world are inclined to look forward to an out DTedh oi speculation. 1ne closing or the market was active but extremely irregular Peoples Gas mounted above 122 on the announcement of the acquisition of the Pullman Gas company, while other stocks tended downward. Net changes are mixed.
 The bond market showed increased activ- ity, Kansas and Texas seconds leading Prices are easier. Total sales par value, x.5SlOM. United States 3's and new As ad- vanced M and the old 4s registered and the 5's IS in the bid price.
 New York, August H.--Money on call easier at 2zaS per cent; last loan, per cent.
 Prime mercantile paper, 4M@5 per cent
 Sterling exchange firm. with actual busi- ness in bankers bills at $4S6@4S6l4 for de- mand and $i.s2kG4.S2A for sixty days.
 Posted rates, si.S3hI4.S4 and $4.S7GD4STh.
 Commercial bills, SiS1k.
 Silver certificates, 6Ok961.
 Bar silver, GOA.
 Mexican dollars, iSc.
 Government bonds strong.
 State bonds inactive.
 Railroad bonds strong.
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