The age-herald., 1899-08-19
FINANCIAL REVIEW

New York, August 18.-Bradstreet's finan- cial review tomorrow will say:
 somewhat easier condition of the money market has been reflected in stock specula- ton by the prevalence of a moreate oullish sentiment. The trading has been narrow and professionals are still mainly respon- sible for the activity. The bears have shown some aggressiyeness particularly in connection with the traction stocks, while bullish tendencies have most conspicu- ously shown in the low priced railroad shares or certain industrials. London has has not been a factor, though the financial situation there has improved, the Bank of England exhibiting a good increase in cash and reserves. The Berlin money mar ket, on the other hand, is undergoing an other slight disturbance in interest rates, which have advanced sharply and seem likely to attract gold from London to the German capital. The weakness of the ex- change market and the favorable char acter of the July trade statement tend to keep up an idea on part of Wall street tha. there will be an autumnal gold influx this year. Shipments of specie from Australia to San Francisco are unchanged from time to time, but expert opinion is that com paratively little gold under present finan- cial and trade conditions can be expected from abroad, another conclusion being that Europe will not develop a demand for our securities It was noted. however, that Louisville and Nashville owed it's rise this week to an initiative on the part of Lon Ion md tbat 1T specialties were pulled there.
 Irregularity has prevailed in the indus trials and specialties. The week began with a break in American Steel and Wire caused by the fact that a synopsis of the statement presented by the company to the stock exchange did not come up to antici- pations as to earniI $. On the other hand Tennessee Coal developed great strength and rose to 92% on manipulation, together that the reports of the back dividend on the preferred stock are to be adjusted and the common placed in dividend paying basis The tobacco stocks rose also, sharp ly, American common selling up to 126 and Continental Tobacco common to 50A on the statement that the two concerns had &C., quired control of the Buchanan and Lyall manufactory. Other rather tentative bull movements were seen in various indus trials, the steel stocks showing some strength, which, however, they did not re- tain. American Shelter was higher on the report that the strike at its Colorado es- tabishments had been settled. Brooklyn Rapid Transit was feature, breaking to 10S1s on the statement that there was dis sensions in the management, that the president, MT. Rossiter, was to resign in consequence of the result of his course during the strike and that the current net earnings were decidedly adverse to any pre- sumptions about speedy dividends. At the decline support was, however. forthcoming and the price rallied to 112A. Consolidated Ice, an inactive industrial, distinguished it. self on Wednesday by making Il point decline, from which it rallied when support appeared. Sugar was more than usually irregular, falling from 164 to 1567s, and ral- lying only to sell off again.