The age-herald., 1899-09-09
MUCH STOCK WAS
 THROWN ON MARKET TranSvaaI Outlook and Local Money Caused UneaSiness. TENN. COAL ROSE. TO IF Movements of Currency Indicate Loss to the Interior - Bonds Showed
 Yielding Tendency With To
 tai Sales $e,o1o,ooo
TENN. COAL ROSE. TO IF

New York, September S.-Considerable stock was thrown upon the market to- day as a result of the difficulty between Great Britain and the Transvaal, and the condition of the local money market was a continued cause of uneasiness.
 The market took the offerings very well, and so no very wide breaches were made in prices First prices of a number of h. ternatonals were the lowest of the day, notably Kansas and Texas preferred, and Norfolk and Western preferred. which fell 1% and 1, respectively. Declines were not down to the London parity, as a rule, and vigorous support was forthcoming at the decline Kansas and Texas Pacific and Norfolk recovered their losses and there was rally all along the line. Near noon there was renewed weakness on the eireu- lston of alarmist rumors regarding the outcome of the British cabinet meeting. The general level of prices fell lower than on the first dip.
 There was movement to cover short contracts when authentic reports were re- ceived of the better feeling engendered in London after the cabinet meeting. About the same time Manhattan was taken in hand and marked up over 2 points, Met ropoltan, Street Railway, Sugar and Brooklyn Transit rose simultaneously. The general level of prices rose a large fraction, sufficient in many cases to wipe out earlier losses. ss
 There were some subsequent wide move ments in special stocks, but the general market continued quiet and dull: prices were not again materially changed.
 Tennessee Coal rose aggressively to IT in the final dealings, and Manhattan tO1lchad SnppiaItias rpnprallV show ing some responses. Pacific Mail suffered loss of nearly points on the statement of decrease in July earnings, but rallied aft erwards. Other stocks to show acute de- pression were Tin Plate, American Hoop. the tobacco stocks, Third Avenue, Metro politan, Westsde Elevated preferred. Leather preferred and National Steel, and among the railways, Erie first preferred, Colorado South first preferred, Northwest ern, Omaha, Lackawanna, Hooking Val ley preferred, Fort Worth, and Rio Grande and Pittsburg; Cincinnati, Chicago and St. Louis preferred.
 The tightness of the money market was unrelieved. The time loans were held at per cent and call loans for the most part ranged from and up to per cent. The late fall in call loans occurred after the needs of most borrowers had been met and was without significance. A further de- cline in surplus reserves in tomorrow's bank statement is a foregone conclusion. The movements of currency by express in- dicates net loss to the interior by the banks of considerably over $3000,0O0, and the sub-treasury has gained from the banks, including payments for taxes and deposits for teegraphic transfer to the in- terior, $5, ,536 600. No set-off is apparent against this loss of cash of upwards of $S- 500O00 Sterling exchange in New York fell a sharp fraction this morning in spite of higher discount rates in London, but the bankers rate for demand sterling part ly recovered in the afternoon The recent firmness of sterling exchange is attributed to a demand for bankers bills to cover short sales made against cotton bills.
 The bond market showed a yielding ten- dency on a moderate volume of transac- tons. Total sales par value, $2.0l0000. United States bonds were unchanged in bid quotations.
 New York, September S.-Money on call firm. 2d6 per cent; last loan per cent.
 Prime mercantile paper 41sd5 per cent.
 Sterling exchange easier with actual business in bankers bills at 4S64 6p4S6h for demand and 4.S394.S3 SEA- for sixty days.
 Posted rates ASA and 4.S7h.
 Commercial 4.8S
 Silver certificates 59059A.
 Bar Silver 59.
 Mexican dollars 47b.
 Government bonds steady. zt- State bonds steady.