The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-11-22
DAY OF APATHY
IN WALL STREET
No Evidence of Organized Buy
ing Yesterday
MARKET ON THE DECLINE
General Dizziness. of Stocks Was UEre-
Heved Except by Operations in Iso-
MARKET ON THE DECLINE

New York, November H.-The character
of the securities market today continued
much the same as yesterday, that is, in an
attitude of waiting There were no signs
of speculative furore, and no large organ
lied buying was in evidence. Such mar
ket has natural tendency to gravitate
downward Selling pressure was not Sc
we're, however, holders of stocks being con-
tent. apparently to retain the holding and
wait for the money situation to work itself
out.
The rosy colored views of the influence
to be wrought by the redemption of govern
ment bonds have apparently been modified.
The offerings of bonds at the New York
sub-treasury were somewhat larger again
than yesterday, but There were no signs of
great blocks of bonds accumulated by
great banking interests of which rumors
were heard and visions were seen last
week. Some of the spectators who were
demonstrating for an advance have given
out assertions that blocks of SIC, 000, 900, and
even of $1S,0O000O in government bonds
were to be presented to the sub-treasury
and the proceeds used to flood the money
market and force the rate down to point
of ease.
There was no stringency in the market
today, but the money rate stiffened sug-
gestively to IA per cent. in the late dealings,
as if to intimate that the supply of funds
for speculative commitments is still re-
Stricted to a narrow compass.
New York exchange at Chicago and some
other important outside centers weakened
during the day, the Chicago rate falling to
par. Something was heard also of money
StrinpenCV n in London though tn
days quotations failed to forecast any
such event.
Money and discounts declined in London
and in Berlin, and the sterling exchange
market here was soft Money was stiffly
held however, in Paris above the Bank of
Frances discount rate, and this week s ac-
tion by the institution is anticipated with
interest The dullness of the stock market
was unrelieved except by professional oper-
ations in isolated instances. Manhattan
was supported and retrieved part of yester-
days loss. Sugar, the other hand,
weakened on denials of recent stories of a
settlement in the trade war, and Leather
took a downward plunge on liquidation by
tired holders. The organized buying in
Baltimore and Ohio preferred, and Southern
Pacific was discontinued.
The following are the principal stocks
that show advances: North American
Smelling Glucose, Lead, Metropolitan
Elevated, Rubber, C. C. c. and st. L.,
stocks, Chicago Terminal stocks, RIO
Canadian Southern, Chesapeake and Ohio,
the Chicago, Indianapolis and Louisville
Grande and Western preferred and Great
Northern preferred.
Laclede Gas was notably weak, with an
extreme decline of 4as and a rally of ".
Profit taking was in evidence among bond
issues and the tone of the market was re-
dictionary Total sales, par value, $l,51OOo
United States old As, registered, declined 70,
while the new. As advanced rs in the DID
price.
New York. November H.-Money on cali
firm at 51b@5% per cent; last loan and rul-
ing rate, per cent.
Prime mercantile paper, 5lsG6 per cent.
Sterling exchange heavy, with actual bus
mess in bankers bills at $4.S59sn4. SoA for
demand and $4.S11z44S19s for 60 days.
Posted rates, $4.S21a and $i.6.
Commercial bills, $4.80A@4.Sl.
Silver certificates, 594591zc.
Bar silver, 5S5sc.
Mexican dollars. 47lzc.
Government bonds irregular.
State bonds inactive.
. Railroad bonds easy.