The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-02-01
MARKETS MOVE
MORE SLUGGISHLY
Yesterday Was a Comparatively
Dull Day on Change.
LONDON MODERATE SELLER
Generally Speaking the Market Went
Through The Process ofDigesting Re-.
cent Realizing Sales-Uproad Ten
dency in Stocks Exhibited.

= New York, January 31.-The average re-
cession in stock values today was fraction
al There was no pronounced pressure To
sell, as was shown by the diminished vol
ume Of business. There were transactions IN
about three-quarters of million shares,
which formerly would have been considered
a large days business but which is the
smallest amount traded in in some time
for full days session. London continued
a moderate seller on balance, and the mar
ket showed alternate spells of strength and
weakness.
There was considerable selling for Chicago
account The traders were free sellers at
the opening and prices ran off fractionalfy
except for declines of a point and over in
Reading first preferred, New York Central
and Tennessee Coal and Iron. A decline in
Reading first preferred was on rumors that
the road was not developing as well as ex-
peoted. Central and Southern Pacific, Mis-
sissippi and Ohio, Cincinnati, Columbus,
Cincinnati and st. Louis, Long Island chi
cago Terminal issues, Southern railway pre-
ferred, American Cotton Oil and some other
speeialties were consistently strong.
A vigorous bear attack, which was par
ticularly directed against Sugar, caused
that stock TO drop points from the highest
prices which 1t had attained on continu-
ance of the talk of some arrangement with
the glucose sugar refining company. The
facts concerning the company's intentions
are of course known only to the insiders.
New York Air-brake took dive of about
points, There was activity and strength
amons high-priced investment Stocks in
Guiding New Haven and Hartford which
touched 29i Great Northern preferred
which made new record of 176; Console
dated Gas, which touched 2O41k and Brook
Ign Union Gas, 1917.
The strength of these two gas stocks was
on various consolidation rumors. In regard
to the strength of Great Northern stocks,
there was gossip that there might be an
other melon to be cut by the company,
perhaps in the form of some distribution
to the stockholders. The time for such ac-
ton, was clothed in much secrecy. General
ly speaking. the market went through the
process Of dtgesting recent realizing sales,
and speculative interest was largely cen.
tered in specialties
The bond market was very irregular with
an upward tendency toward the close. To-
tai sales Sl,750000. United States 3's adj
vaneed &c and the new As declined 1Bc in
the bid price.
Total sales of stocks today 1856 900 in.
+. Guiding 5,57l Atchson, 22,95O Atchison, pre-
ferred, 9,315 Burlington, 1925 Manhattan,
1920 Reading preferred, $500 New York
Central, 3017 Reading, $3.50 Rock Island,
1880 st. Paul 14,S40 Southern, 2S, 742 South
ern preferred 1920 Cotton Oil, 1880 Su-
gar, 1850 Tennessee Coal and Iron, 3,615
Western Union.
Money on call steady at 2Ad3 per cent;
last loan 8 per cent
Prime mercantile paper, 2AG3A per cent.
Sterling exchange firm with actual bust
ness in bankers bills at s4.S5d4S5H for de-
mand and at si.SSd14. S3A for sixty days..
Posted rates $.8 and $4S6.
Commercial bills, $4S2614S2h
Silver certificates, nominal, 5915Gl60lSc
Bar silver, 591Ac.
Mexican dollars, 47kc.
Government bonds irregular.
State bonds Inactive
Railroad bonds irregular,