The age-herald., 1899-08-17
FIERCE CONTEST
 IN STOCK MARKET Bulls and Bears Fought Vicious
 ly Over Prices. EASY TENDENCY IN MONEY Changes in Bonds Were Small and Ir- regular, With the Total Sales at
 Par Value'Amounting to
 $2,l59,ooooo
EASY TENDENCY IN MONEY

New York, August 16-The violent raid made upon the values of securities by the bear element yesterday furnished material tor its own remedy in the shape of uncoy- cred contracts the short side. There was a fierce contest in the early dealings to break prices further, the bears eontinu- ing to center their attack on Brooklyn Transit and the local traction stocks. 9th CT members of the group proved more val uabe than Brooklyn Transit, in which powerful support by inside interest was forthcoming while Metropolitan Street Railway and Manhattan yielded easily The best efforts of the bears only carried Brooklyn Transit shade below yester- days figure and friends of the stock were apparently ready to take all that was of- fered. The continuance of the aggressive bull market in American and Continental Tobacco and strength in U. s. Leather helped to the discomfiture of the early bear movement When appearance began to indicate that the bear campaign was abortive there was movement to cover The strength embraced a very limited portion of the general list and the high priced railways continued neglected and rather heavy.
 Railroads in the southern region were generally strong on the general good busi- ness conditions and industrial expansion in that region. Louisville led on account of the reports of large current earnings of that road and rose an extreme 15s. The declaration of a 1 per cent. dividend on Chesapeake and Ohio stock, the first in the history of the present company helped the the movement. Atchison preferred, was strong on the reports of continued large cutting down of operating expenses.
 The condition of the money market here showed an easier tendency again and some New York banks were reported to be bid- ding for commercial paper for the first time in several weeks. Sterling exchange rose in sympathy in spite of the continued hardening tendency of money in London. The late raid by the bears today came with an appearance of realizing sales in the Tobacco stocks. They attacted those stocks wiping out the earlier gains and forced Sugar down to 157% and other in dustrials less amount. Meantime South ern Pacific continued its advance to 37. This made the close active and very irreg- ular, the railroad stocks which have ad- vanced yielding only a small fraction. The majority of stocks, however, are lower.
 Changes in bonds are small and irregu- lar. Total sales, par value $2,l590oo u. s. new As advanced Ii and the old 4s reg ular 1s in the bid price.
 New York, August 16.-Money on call easier at 293 per cent. last loan at PIE per cent.
 Prime mercantile paper, 41ad5 per cent.
 Sterling exhange firm, with actual busi- ness in bankers bills at &S61444.S6la for demand and at $4.S2alQ4.S3 for sixty days.
 Posted rates. $4. S31a@4.S S4 and s4.87q4S71R.
 Commercial bills, $4S1k64.S2.
 Silver certificates, 60Rq61.
 Bar silver, GOA
 Mexican dollars, 4S.
 Government bonds, strong.
 State bonds, inactive.
 Railroad bonds, irregular.
 By Private Wire to Talbott & Palmer.