The age-herald., 1899-08-25
SECURITY DEMAND
 EXPENDED. ITSELF Prices in a Few Stocks Were IT,
 regular. MONEY CONDITIONS ABROAD London Buying ofLooals Had Some E~ fect-Bonds Were Quite Active
 With Total Sales at Par
 Value of S3, ,226,ooo
MONEY CONDITIONS ABROAD

New York August 24.-The demand for securities mostly expended itself in the early trading today and the weight of real izing sales became more burdensome and at last made the general tendency down. ward; although the marking up of few stocks at the close to top prices made it irregular. Northern Pacific and Union Pa cific stocks rose to top prices in the final dealings. There were quite number of rather obscure stocks which held good gains throughout, but the earlier rise in many cases was almost wiped out
 The market started off well, under the influence of the cheerful tone of foreign markets. An early drive against Tennes- see Coal, which carried 1t down 4 points, caused momentary halt, especially in the specialties. 9 Yesterdays strong upward movement in Tobacco was resumed, carry ing the block to 131h and causing sympa- thetic gains of between l to points in other leading specialties. There was a large demand for Union Pacific, Northern Pacific and B. & O., which lifted those stocks about point each. There was good buying of St. Paul, which advanced that stock an extreme % but the other promi- nent grangers did not respond. When 1t became known after noon that the directors of the Continental Tobacco company had failed to declare dividend. as many spec ulators had hoped they would, there was a drop in tobacco stocks which reached 2A in American Tobacco. Sugar, Brooklyn Transit and Manhattan responded in sym pathy and a number of railroads lost point
 The market drifted rather uncertain for the rest of the day except for some strength in individual stocks. The reac-- of tf,a ixyida rata Cnn solida atad Gas, although it had fully been expected. had a bad effect on the market The stock itself vibrated feverishly over points and closed at a fractional loss. There was quite d notable display of strength by group of minor granger roads, including Chicago and Eastern Illinois; St. Paul and Duluth; Duluth, South Shore and Atlantic preferred; Minneapolis and St. Louis, the Wisconsin Central stocks, Iowa Central. preferred, and Des Moines and Fort Dodge Gains in this group ranged from 1 to 4h points. the latter St. Paul and Duluth
 Other isolated points of strength were Ontario and Western. Chesapeake and Ohio Cleveland. Cincinnati, Chicago and St. Louis, Cleveland, Lorraine and Wheel ing, preferred, the Reading stocks, the Colorado Midland stock and Detroit Gas. Realizing was evidenced all day in some of the southern and southwestern stocks. which had shown recent strength, and this, combined with renewed weakness in the specialties, made the closing rather heavy except in the cases named.
 The money market conditions abroad &C., counted for the cheerful sentiment from that quarter and London buying of stocks here had its effect in the fractional decline in sterling evchange. So also had the stiff ness of the local money market, which ruled firm at about 3 per cent.
 The bond market was quite active and a number of speculative issues showed ad- vances. Total sales par value $3,2 900.
 New York, August A.-Money on call steady at 21s@3 per cent; last loan at per cent.
 Prime mercantile paper, 4h@5 per cent.
 Sterling exchange easy, with actual busi- ness in bankers bills at S4.S6A@4.S612 for demand and at $4S3d4. SEA for sixty days
 Posted rates, $4.S4 and $4.S7h.
 Commercial bills, $4.S2.
 Silver certificates, 60@601a.
 Bar silver, 59 11-16c
 Mexican dollars, 477sc
 Government bonds weak.
 State bonds, inactive.
 Railroad bonds strong
 By Private Wire to Talbott & Palmer.