The age-herald., 1899-07-07
STOCK MARKET
 WAS REACTIONARY
Realizing Sales Were in Evidence
 from Opening.
THE FIRMNESS IN WHEAT
Damage in Southwest by Floods De- pressing Infuence-Disbursem of Dividends and Interest-To-
 tai Sales Bonds S2, 2,5S5,oO0

New York, July 6.-The market for stocks was reactionary today. Last prices of most railroad stocks were the lowest and net losses for the most prominent railroad stocks in the list average about F per cent. These include the great trunk lines, the Pennsylvania and New York Central and about all the grangers. There were spas modic advances in a number of industrial specialties, but these were not held, the last prices showing reactions of between and points.
 Realizing sales were in evidence from the opening, but were well absorbed in a very active market business continuing of large proportions pretty well up to noon. The weakness of the grangers was especially notable, and was undoubtedly associated with the reports of too heavy rains in the northwest and of consequent damage to the spring wheat crop. The firmness in wheat was coincdent.
 The damage in the southwest by floods was also a depressing influence to a less extent. Undoubtedly there was a large short interest closed out yesterday and to- day the market lacked that sustaining force. But the most potent influence towards reaction was the continued firm ness of money. The promised abundance of funds to flow into New York from July disbursements of dividends and interest did not materialZe, and exchanges con- tinued to run against New York. The rate for call money held near per cent all day. stiffening in the London money market also caused some uneasiness lest it might lead to a renewal of gold exports. The prevalent weakness of railroad stocks was in contrast to sharp upward movement in number of industrial specialties, sugar being most prominent. Strength was also shown by the tobacco stocks, steel and wire, tin plate, Tennessee coal Anaconda Manhattan, rubber, leather preferred and cotton oil. In the outside market amalga- mated copper was strong, selling at 96s. All of the specialtes, however, showed re- actions in the late dealings.
 Bonds showed decreased activity and price changes were mixed. Total sales par value, $2 5S5 600. United States 3s and the 1s advanced Ii and the 5s 1s in the bid price. The old As, registered, declined h.
 New York, July 6.-Total sales of stocks today amounted to 5A 911 shares including: American Steel and Wire, 20,700; American Sugar, 53,40O American Tobacco, 21,000; Atchison preferred, 37 GOO; Brooklyn Rapid Transit, 5l2OO; Burlington, 25,5O0; Conti- mental Tobacco, 14300; Federal Steel, 10 300; Louisville and Nashville, 21 100: Manhat- tan, 22,0o0; New Iork Central, 5000; Pena- sylvania, 4,500; Rock Island,N 26,S00; St. Paul. 9O700; Tennessee Coal and Iron, 12,- 400; United States Leather preferred, 1O,- 300.
 New York, July 6-Money on call, 3k4G per cent; last loan, 31a per cent.
 Prime mercantile paper, SA04 per cent.
 Sterling exchange steafv, with actual business in bankers bills at $487A A0o4.S71a for demand, and at $4.S5A x,4.S51a for sixty days.
 Posted rates, $4S6d4.S6R and $4sS1a.
 Commercial bills, $4.S41s.
 Silver certificates, 60@6lc.
 Bar silver 603sc.
 Mexican dollars, 4SAc.
 Government bonds irregular
 State bonds, inactive.
 Railroad bonds irregular