The age-herald., 1899-07-12
LOSSES RECOVERED
 IN STOCK MARKET
Bulls Apparently Lacked Courage to Push Their Advantage.
BEST PRICES AT THE CLOSE
High Rate for Call Money Was Ignored Bonds Rallied Some, But Were Slightly Lower on the Day
 Sales $2,O9O,O00


 New York July 1.-The stock market strikingly demonstrated it's inherent strength again today with a practical re- covery of yesterday s losses Closing prices today were only slightly below those Of Saturday, and in some exceptional cases sharply above The only conditions in which any change had taken place were purely technical These were the elimina- ton of a weakly marginal account and the creation of short interest London began to sell stocks in New York at the opening day as it did yesterday, out in- stead of coming upon a large account of nearly exhausted margins, as was the case yesterday, the opening decline invited buy CTS to cover the short contracts put out yesterday. The buying from this source afforded the principal support to the mar sket in the early dealings. It was particu- larry marked in Sugar and the New York and fraction stocks, which suffered most severely from bear raiding yesterday. By the time this short interest had been coy- cred the market came to stands lil the bulls apparently lacking courage to push their advantage in face of the continued oLllLtifGS bL ltsS 4AoueS dilAtt, WHICH uSlA quite firmly about the legal rate for call money. Slightly before neon, however, a determined buying movement deVeloped in the great trunk lines, and Witn an occa- slonal interval of duIness continued for the rest of the day, then spreading from one group to another until it embraced pretty much the whole list. The agree ment among trunk lines to restore rates on grain to the seaboard was apparently the cause Of the origin of the buying in that group.
 St. Paufs increase in gross earnings for the tirst week in July oi s2o}s32 prompted the buying of the sransers. The high rale for call money was ignored and verg large nmounts loaned on the stock exchange at Der cont. The Tate dropped off to ll5 per cent at one time, but rose again to 5 per eent. The demand apparently continuing largo for the increased supply avail3i la. Interior eziena-isa continued .o run 2ealasl New York but yesterdays contraction loans had apparently left tha New York banks in an easier position. Demand st-rlins u Ne" ofE 0ll5 hold ira pudaF the stress =e- she uizH money Hlte Ia LaHiGa, but 5 sterling eAcaa go ia BsEiin and a1ts a5- Y7nead sharply and discounts were easi . al tnH1 enters.
 The l1-z sterling ia Na# Ya-is w a'.ensa an additional fraeian under taa sales af iutaa4s based on laa ezpactazIl OH aas1 I-o 7l-.'-il o- H4eL-l5a la5e to begin in 2 short time Among 5fo sHec.at pl,azs df strength la the stock llaHiz-l wore Tes1s5 and Pacific which rose to g a4d later the Mnala s5a1HW Tern group. Wall straGG Iac 2 lumor Of contemplated laaHs aa and Alaaari Haalue to acaoaat 1of the strength If those stocks. North efh 63ctue atzo scored brilliant aaeauEa recovering mote thaa it's dividend zvhfe5 was taken off today There yvae a sfnllI5 aneoua advance in Tennessee Coal, C0l- orado Fuel and American Steel and Nirr rose from to 2s4 and also in Chesapeake and Ohio, Cleveland, Cincinnati Chieaeo and St. Louis and Lake Erie and Western preferred. Alter final reaction on pro- lessional ptolil-takiug, prices were marked up again to near the best in the closing dealings.
 Bonds rallied somewhat from the early "ea1ness in sympathy with stoczs but are slightly lower on the day Total sales par value $2QS5010. United States new 4s registered dechaed | and the old -4s regis- tered ls in the f9d price.
 Money On call steady at sq5 per cent; last loan, I per cent.
 Prime mercantile paper. sa4 per cent.
 Sterling exchange heavy, with actual business in bankers bills al 5LSIu$LS751 for demand, and 5l.2iH0SLSna for sixty days.
 Posted rat-s $l.S55ze$LS542 and &os6D $lSSlz.
 Commercial bills, $.93ib.
 Silver certificates, 60@G.
 Bar silver COZ
 Mexican dollars 47at
 Government bonds easy.
 State bonds inactive.
 Railroad bonds easy.