The age-herald., 1899-07-18
DULLNESS IN THE
 STOCK MARKET Doubt Felt in Many Minds Over
 Money Outlook WIDE RANGE OF PRICES
Latter Part of Day Devoted to Desulto- ry Covering Movement-Bo Bonds Dull and Heavy in Sympa-
 thg-Sales $1,S5O,OOO

New York, July 1.-The stock market to- day was an aimless and insignificant affair, except so far as the dullness and neglect were significant of the doubt felt in many minds over the money outlook. Operations were strictly confined to professional ma nipulation by the room traders. This kinu of trading resulted in only trivial net changes, most of which were on the side of losses The range of prices was quite wide during the day, many stocks at one time rising a shade over Saturday and then dropping from 1 to points. The latter DOT tion of the day was devoted to desultory covering movement which reclaimed most of the earlier losses. Even Brooklyn Tran sit, which was the center of the days weak ness, recovered to within IS of Saturdays close, but yielded sharply to bear pressure in the final dealings. Labor troubles played large part in the days market, Brooklyn Transit being conspicuously affected by reason of the strike among its employees. The stocks opened off IFS, and Manhattan and Metropolitan Street Railway were keenly affected in sympathy, the former losing 1A and the latter points. Brooklyn Transit was vigorously supported by inside interests and quickly rallied point, giving
 
 large small opportunity to cover. Later the stocks fell an extreme 2A, when the news came that the street car strike in Cleveland had been renewed, as it was de- Clared this might presage general sympa- dhetic strike. Peoples Gas and Federal Steel, as being Flowers specialties, were depressed in sympathy with the Brooklyn stocks, Federal Steel dropping extreme IA. New York Air Brake also broke F points, and after vibrating wildly scored full re- covery. American Smelling moved upward on the decision of the Colorado supreme court against the conStitutionality of the states eight-hour law, the conflicting in- terpreationS of which led to the SmelterS' strike. Tin Plate moved up on the wage scale agreement and the advance in the price of the product. The late weakness in Brooklyn Transit and break in Sugar of nearly 2 points brought the most active selling movement of the day, when net de- clines reached point in number of cases, including the grangers and Atchison pre- ferred and New York Central, reached Is. The failure of the call money market to weaken in spite of Saturdays favorable bank statement caused uneasiness regard ing the future. Most of the days loans were made at 412 per cent, and the rate weakened to per cent, only after most of the demand had been satisfied. Rumors of financial difficulties in London caused doubt and hesitation in all the worlds
 
 rate there rose to 3A per cent, and demand sterling and cables here advanced Ac.
 There were very persistent rumors that gold would go from New York, but weak transactions in the local stock market for London accounts were insignificant. The absence of any announcemet of a gold shipment by tomorrow steamer was a factor in the late recovery of the market. The market for bonds was dull and heavy in thy with stocks. Total sales, par value $1 $50 600.
 United States 3s advanced E, and the old 4s regular A in the bid price.
 The total sales of stocks today amounted to 391 1S4 shares including American Steel, SO,OOO American Sugar, 24,9OO; Anaconda, 10,300; Atchison, 3,6O0; Atchison preferred 26,3o9 Brooklyn Transit, 59,500; Burlington, 17,5OO; Federal Steel, 5,700; Federal Steel preferred, 5000; Manhattan, 25, ,5OO Northern Pacific 10,100; Peoples Gas, 90 0O0; Reading first preferred, S,400; Rock Island, 62O0; St. Paul, 20,30O; Union Pacific, 4,6OO; American Cotton Oih HOO; Chesapeake and Ohio, D. 300; Missouri Pacific, 12,S00; New York Cen tral, 6,10o; Pennsylvania, S,2OO; St. Louis Southwestern preferred, 3,200
 Money on call steady 26l4h per cent; last loan, per cent
 Prime mercantile paper, 312G41a per cent Sterling exchange firm, with actual busi- ness in bankers bills at $4.S71ad$4.S724 for demand, and $4.S4@$4.sl1a for sixty days.
 Posted rates, A.S5f$4S6 and $4SSh.
 Commercial bills $l.SS9$4S3k
 Silver certificates, 60@61.
 Bar silver GOA.
 Mexican dollars AS.
 Government bonds firm.
 State bonds inactive.
 Railroad bonds easy.