The age-herald., 1899-08-05
INDUSTRIALS IN THE STOCK MARKET Marked Tendency to Realize in
 Railroad List. A GREAT COM BlNATI0N Of Goal and Iron Interests in the South Was Rumored-Total Sales Of
 Bonds at Par Value
 $1,9oS,ooO
A GREAT COMB ATION

New York August 4.-Todays stock mar ket was largely devoted to doings in a few industrial specialties. Under cover of the strength in these industries. there was a marked tendency to realize in the railroad list. but the selling pressure there was not heavy and offers increased as prices de- clined Union Pacific was subject to pres sure by unconirmed rumors of strike on it's lines. The stock broke 1A points on rather liberal offerings and closed at net loss of 1 point The preferred declined %. The chief movement of the day was in tobacco stocks and Tennessee coal, Ameri- can tobacco gained an extreme 4 points, continental tobacco, common 3as; the pre- ferred 5A and Tennessee coal 213 Later in the day prices of these were suddenly let down from 1A to 21a points, apparently with the purpose of shaking off weak followers of the bull movement. A rumor of great combination of coal and iron interests In the South was added to those recently cur rent to explain the Tennessee coal move ment. The vigorous advance of this stock begot some sympathetic strength in other stocks in the same industry. Colorado Fuel. Hooking Coal, Federal Steel, American Smelling and a number of other stocks advanced from a fraction to over point.
 Peoples Gas was up at one time over a point on reports of the company's prosper ous condition. There was gain in isolated cases elsewhere, notably in St. Paul ana Omaha, Chicago Great Western preferred, Kansas City, Pittsburg and Gulf, and Pitts burg c. c. and St. L., common and pre- ferred National Biscuit and New York Air Brake, ranging from l to per cent On the other hand sugar, was most of the day active, shading prices in some grades of re- fined sugar
 The local traction stocks showed weak ness throughout and Consolidated Gas lost 311 per cent, net. Rock Islands June statement, showing increase in the sur plus after charges of nearly $9l,O00 as com pared with last June failed to hold up the range. The reported large demand for grain for export was equally ineffective and this group and Atchison, preferred, drifted downward. Some depression was reflected here from London on account of the outlook for dear money there, and there were some reports of money troubles in Berlin.
 Sterling exchange was weak, posted rates falling half and actual rates A Tor short bills and ss for long sterling. Some anxiety is felt over tomorrows bank statement. There was nothing in the money market today to indicate easier con- ditions, the bulk of the loans being made at per cent. The coming holiday season and expected dullness in New York prompted the closing up of many accounts. Today's speculative leaders closed fever ish and unsettled but the general tone was firm at the last. Kansas City, Pittsburg and Gulf firsts rose 3k.
 There was small activity in mortgages of Southwestern railroads and in rope and twine incomes at mixed changes. Total sales par value S1,S0S,0 900. United States As advanced fl and the 5s IS in the bid price.
 New York August 4-Money on call was steady at 31a@4 per cent.; last loan at 3k per cent. Prime mercantile paper, 404ai per cent. Sterling exchange was easy, with actual business in bankers bills at 4S6d 4S6A for demand and at 4S2as64:S2s for 60 days; posted rates. 4S31a64.4 and 4.S71 4.S715; commercial bills, 4.StA@4S115; slvar certificates, 6oI61c; bar silver, 60Ac; Mexi- can dollars 4Sc.
 Government bonds were strong.
 State bonds were inactive.
 Railroad bonds were irregular.