The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-06-17
STOCK MARKET
ALMOST NEGLECTED
Only in Few Stocks Did Prices
Take a Rise.
THE UNDERGONE WAS FIRM
Silver Firmer in COMMUNICATING Fours
the Feature in Bonds-The To-
tai Sales at Par Value
Were $2,78O,Ooo

New York, June 16.-There were a small
number of stocks whose prices were
up at the opening today and for which a
which a buying demand existed at inter-
walls during the day.
The coalers were conspicuous, especially
the Reading issues, and they rose on an
average of about ~ points. The Flower
group also moved upwards and gave some
semblance of strength to the general mar
ket. Aside from this demand the market
was almost wholly neglected and in the
hands of small coterie of professional
traders. The utmost endeavors of these
operators did not serve to move prices more
than a small fraction except in a few
isolated cases.
The advance in the Coalers was pretty
well held. 1t was attributed to the return
from Europe of prominent financier who
has figured in many railroad organizations
ind to the closing out of options on LehiSh
Valley by sympathetic control.
Some of these railroads displayed a rather
irm tone in sympathy with Reading, but
he prices were varied very little.
Sugar moved up and down over q range
about points and closed with a small
loss.
aw York Air Brake made a character
istic sky rocket jump of 16 points. Colorado
Southern first preferred dropped 6A, pre-
sumably on account of the labor trouble in
the state Metropolitan ranged over
points, but closed at small change.
There was nothing in the general situa-
ton that found any reflection in the stock
trading The undertone was rather firm
in the railroad list, partly in sympathy
with the strength of individual stocks al
ready mentioned. The announcement of an
additional shipment by tomorrow's steamer
of $1,000,O00 in gold was without influence
in the trading, unless it might have been
q feature in diScouraging activity.
influence in the same direction was the
expectation of an unfavorable bank state
ment tomorrow. Last Saturdays ship
ments, as we'll as those made early in the
week, were all figured in the statement,
but not todays engagement The banks
are said to have lost cash in other ways
during the week, and large decline in
that item is expected in tomorrows state
ment The item of loans can not be fore
TASTED, but there were reports of a calling
of some loans yesterday suggesting that
there may be a contraction of credits re-
Elected by tomorrowS return. The money
market continued rather firm today, while
rates in London showed a further decline
until the equalizing influences of the gold
shipments.
An incident was the firmer tone in the
silver market in London, said to be due to
buying for Indian account, and to the
effect of the Colorado shelters strike.
Reading As were the feature of the bond
market, with an advance of l per cent. on
large buying.
Total sales par value, $2,7S00OO United
States As and the old As coupon declined
Il, and SIS advanced a in the bid price.
Total sales stocks, 299 $50 shares, includ-
ing American Steel and Wire, $1,000;
American Sugar, $4,000; Brooklyn Rapid
Transit 19,4OO; Chicago, Burlington and
Quincy, 1890; Federal Steel, q, 400 Penn
sylvania, 5000; Peoples Gas, 1920; Read
ing first preferred, 4270O; st. Paul. H.
900; C. E. l., 500.
Money on call steady at 2q212 per cent;
last loan at 215 per cent.
Prime mercantile paper 314@4 per cent.
Sterling exchange easier, with actual
business in bankers bills at A.SI9sd4.SiA
for demand and at $4S5Aq4.S6 for sixty
days
Posted rates, $4S61a@4S7 and $4S9.
Commercial bills, $4.S5@4S512.
Silver certificates, 60l2q62
Bar silver, Co.'s
Mexican dollars, 4S1a.
Government bonds, irregular.
State bonds, steady.
Railroad bonds, irregular.