The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-11-04
UPWARD COURSE
OF STOCK PRICES
Support Withdrawn from Manip-
ulated SpecialtieS.
GENERAL LEVEL WAS LOWER
Majority of Railroads Sipgularly Neg
lected-Bonds Yielded in Sympa-
thy, With Total Sales at Par
Value of $2,35o,Ooo
GENERAL LEVEL WAS LOWER

New York, November 3.-The opening
dealings in the stock market were very
animated and the course of prices was up.
Continued activity by the various pools
was apparent in the stocks, which have adj
vanced within the last few days. Heavy
realizing was in evidence at very near
period in the trading and the snap was
soon taken out of the upward movement.
The volume of the selling was much re-
duced below the best prices, but the de-
mand also fell off and support seemed to be
Withdrawn from manipulated specialties.
The course of prices was generally down.
ward for the rest of the day. One or two
efforts were made to check the decline, but
without great effect The bears made no
great demonstration until the final hour
when prices touched the low point of the
day. Covering by the shorts rallied prices,
but they were not we'll held and the closing
was rather heavy and dull. The general
level of prices is lower on the day, OUT
there are few exceptions
7rhe majority of railroad stocks was SIN
gularly neglected with the excepVol ol
some early demand for the southWesterhS'
which gave way in the late weakness. For
tvo hours of trading there were but Two
+ransa ctions in ST. Paul. There was Sodne
selling for London account, but 1t was wen
absorbed during the early perlod Oh
strength in this market. The reacuohdry
tendency was due to the growing appreneh-
sion of an unfavorable bank statement TO-
morrow. O.
Money was not stringent but was hrln
from G to s per cent The banks have lost
on sub-treasury operations some Sz'oSlooo'
after allowing for receipts of Sl,0V,oQO IN
gold and government interest payments, IN
tl,., e,n1.-t t..ag=
lirv for transfer to the interior. Accord ng
10 statements compiled by the leading
banks they have made net shipments in the
interior by express of nearly $2,OOO,OW. In $
would indicate net, loss to the banks III
cash of over 81 SOC, 000 The clearing mouse
institutions have called loans on a large
scale during the week. so that this loss in
dash is offset in part at least. Last Satnr-
DAVIS statement was believed to have made
a more favorble showing tim was war
raused by the actual condition of the banks
and the vagaries of average system may
throw some of the unfavorable factors over
into this weeks statement.
Bonds, after some early show OF strength,
Welded in sympathy with stocks. Total
sales, par value, s2,35oO00 United States rs
advanced Y, the 3's u and the new As Is in
the bid price.
New York, November 3.-Money on call
firm ait 60S per cent; last loan at q per
cent.
- Prime mercantile paper, ait 5AqoA per
cent.
Sterling exchange firm, with actual bus-
ness In bankers bills at $4.S65sdp4.S7 for de-
mand and si.S30fS3A for sixty days.
Posted rates, s4.S4@4SS.
Commercial bills, $4S2A.
Silver certificates, 5S1ad5912c.
Bar silver, 5S1sc
Mexican dollars, 47Ac.
Government bonds strong.
State bonds inactive.
Railroad bonds easier.
(By Private Wire to Talbot & Palmer)