The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-08-11
MORE ACTIVITY
IN STOCK MARKET
Speculation Was Mostly Within
Professional Limits,
LESS ANXIETY IN MONEY
Bank of England's Failare to Advance
Rate Had Good Effect in London
Total Sales of Bonds Were
$l,7S5,ooo.

New York August 10.-Today's stock
market was good deal more active than
for some time past, and showed undeni-
able evidence of strength. But the
strength was for the most part in spots
and the speculation did not get far outside
professional limits. The favortes were
the industrals and only a few of the rail-
roads made any conspicuous gains. The
most prominent movement of the day was
in the leather stocks, the common rising
1ss and the preferred IA on very heavy
dealings in the first named The iron and
steel stocks as a group all showed
strength in somewhat varying degree. But
gains in most of them reached a point and
in some of them approached two points.
Tennessee coal and iron was the leader or
the group and of the market with rise
of nearly three points on very heavy de-
mand.
Strength on the group is accounted for
by the extraordinary condition in the iron
trade, where production OF the lower
grades, although largely increased, seems
quite unable to keep pace with the con-
sumsko on In the higher grades of the in
dustre Anaconda mining shows a hand
some gain and there was a very large de-
mand for National Lead. American I'm
plate Colorado fuel and various other
stocks more or less affected by condltions
In the iron trade, were firm in sympathy.
Sugar PEOPLES Gas Detroit Gas, and lin
seed oil preferred had their periods OF
strength.
In the railroad list speculation was In
cllned to hold aloof pending the publication
of the government crop report Inc 81
Paul statement for the first week of Au-
huVlng or the
grangers. Gains of a point or over were
shown by Chicago, Great Western debent-
ures, the preferred B, Kansas City. Pitts
burg and Gulf, Oregon Navigation, Hook
ing Valley, preferred. Wheeling and Lake
Erie, preferred, Pittsburg, Cleveland, Gin
cinnati and st. Louis, Iowa Central, pre-
ferred, and Pacific coast.
Developments in the money market con-
tinued to receive much attention, but were
not important today. Anxiety as to the
outlook was, however, apprecfably less.
Outside money continues to be offered in
the local market. Call money continued
rather easy, and rates for prime mercan-
tile paper were shaded slightly. Time
money however, continued firm and lenders
were not anxious to do business at present
rates. The failure of the Bank of Eng
land to advance its pate above 80 per cent
has seemed to have a good sentimental
effect on the London market, but private
London bought stocks here to moderate
extent.
Kansas City, Pittsburg and Gulf frsts
were active and strong and have gained
215 per cent. net. Total sales of bonds to-
today par value $1,7S5,0OO United States
new Is declined u and the SIS Is in the
bid price.
New York August 10-Money on call 3is
percent; last loan, per cent.
Prime mercantile paper, 4h45 per cent.
Sterling exchange firm, with actual BUSH
ness In bankers bills at S4.S6d4.SGA for de-
mand, and a. $l.S2l1@4S2a for sixty days.
Posted rates, s4.S91a44a and $4.S1u4S712.
Commercial bills, $4.S1ls
Silver certificates, 6012Q61.
Bar silver, co.'s
Mexican dollars 4S.
Government bonds weak.
State bonds inactive.
Railroad bonds irregular.
BY Private Wire to Talbot & Palmer