The age-herald., 1899-09-27
LTSTLESSNESS IN
 STOCK MARKET Several Incidents Discouraged Operations for a Decline,  MONEY MADE QUICK RISE
Covering by shorts Caused Rally in tn- dustrial Speeialtes Prices Lower in Bonds With Total salsa
 Amounting to e1,9so,ooo

New York, September m-gfhe stock mar ket continued dull and listleas in character today Several favorable incidents lmnartea an undertone of strength and discouraged operations for a decline, but phe Heariag tendency of the money rate discouraged all speculative demand on the long aite, and the day closed with nearly all stocks show ing losses.
 The Incident which attracted most attens tion was the engagement in London af $,OOOOOO In gold for New York, Prices fase on this announcement for number of stocks reached level above yesterdays close. Money, however, rose upward hY quick stages to 2se, and the heavineas of the market was renewed, The gold enHaae= ments in face of the nfmness of the exs change, Is obviously based on uhe eSpeetas ton that the money rate will continue high until the receipt here, when the proht et the loanlng rate may make good the loaa involved in the simple importation,
 The condition of the loeai money mafz kets today eontradiets the assertion maaa yesterday that the higher rate was due Ia manipulation 1he present and prospective condition of the money market Ia uhdenla- by tight. Rates advanced not only hefe, but at other domestic points both eaat and west. New York exchange at other points showed continued pressure on lhis center Ihe announcement that more gold Ia en tho way from Australia to Ban Francisco had no effect, the promised relief being so Nes mote. The fact of q three days holiday approaching had It's effect also on the nfez Nailing dulness. The weakness uf Foreign stock markets was an influence here only indirectly, and, SD Tar as they went, Wefh detrlment to gold imports The sefles ef railroad statements which appeared today was real and effective prop to the market, and undoubtedly induced some great buy ing from subs tantal Interests, such Aa hfe not dependent on borrowed money The overnight statement Of Hh Paul Tor the third week in September, showing an inz crease of last years unprecedented level of S52,0OO, led the list.
 Even more striking was the statement of the Att ison system for August, show ing increased Income from operations of $10S S93, a result in large part due ta tho heavy decrease In operating expenses, In the cases of Erie and Southern Hallway ln spite of liberal increase In operating eNnenz there was an int reaHe in net earnings for the former of sa9i a6s and for the latter of $1SO,3I5. Business on all tho trunk lneA has reached an unprecedented scale These facts gave the undertohe of iifmhesa to the market, the stocks especially affected being those whose reports were pubs lished
 The days net declines reached a point in only a few cases, A number Of tho inz dustrlal specalties were at one time 1 to 3is points below last night, but covering by the shorts worked h partial rally, Brooklyn Rapid Transit continued very aeta i've. though American Tobacco exceeded Il and was well sustained after an early des cline. rising a point over yesterday and closing with net gain.
 The bond market was dull and prices were lower Total sales par value VI ilen, ,nt0, United States 2s advanced 7se old Ia oous pon hc and the new 4's ho in the bid price.
 Money on call strong, al Bdgo per eenti last loan, 20.
 Prime mercantile paper, 5lbdO DOT cent,
 Sterling exchange, steady, With actual business in bankers bills at tlsb7autlsbla for demand, and aslAuNsi7s for sixty days.
 Posted rates. slS3 and sls6is,
 Commercial bills, slslmglAh
 Silver certificates, 5nd60
 Bar silver hsa4
 Mexican dollars, i7ti,
 Government bonds strong,
 State bonds, inactive
 Railroad bonds, weak
 Ia Ia TatAuII e DalblapA