The age-herald., 1899-10-13
LETHARGIC PRICES
 IN STOCK MARKET
Two Feeble and Futile Attempts
 to Force Advance.
HEAVINESS QUITE UNIFORM
Financial Upset in Italy Disturbed All European Money Markets Bonds Moderately Active With Gener-
 al Declines-Sales $ ,6So,000

New, York, October 12.-The stock market made a couple of feeble and futile efforts to advance this morning. The lethargy of the trading was an invitation to bear ag- gression, and when determined leader ship developed for that faction the pro- fessional element among the traders was quick to follow the lead. A single block of St. Paul of $500 shares was quickly followed by another of 4,0O0 shares, offered by brokers who are usually employed by the acknowledged bear leader. Selling gem erally all around the room was the se- ouenee. 1Cae two large blocks of St. Paul were at 12iA and the price had fallen to 123A in few minutes. The Changers, New York Central, c. c. c. & St. L., and the leading high priced specialties were the principal sufferers. Brooklyn Rapid Tran Sit was under conspicuous pressure and dropped to S5as. Pullman made brilliant advance of 81a points on rumors of the con- Ing absorption of the leading competitor, which were denied later This was an iso- lated instance of positive strength. Louis vile was the leader of the early abortive advance, and Was rather firm after having the advance wiped out.
 Otherwise i.le htuVfness was quite uni form. The news of developments in South Africa had very little effect on the mar ket. Call money worked a shade easier and did not touch higher than per cent. last night. Saturdays receipts of gold from Europe and other receipts of precious metal from other sources and the relaxed pressure of the sub-treasury added to the Further contraction of loans. A more ra- NoraDle showing is expected from New York banks in the Saturday statement but the outlook in the money market is con- O t1a lent upward movement for sterling ex- change, both for actual rates and posted fdleS, IS regarded as an admoniton that an easing or the money rate here is likely to lead to a demand from London for gold The weekly statement of the Bank of Eng aand disclosed very slight increase of the proportion of reserve to liability, and the statement for the same period of the Bank or trance shows a loss of $2, 300 900 in gold while demand for credits has increased it's loans about $10,400,000. The sterling ex- change rate at Paris dropped off an addj- tional half cenitime.
 1t Is exceedingly significant that the bank parted with some 1t5,o0o pounds in gold today Tor shipment to Paris which city mas been looked to as the available source aor reliet Tor the need of gold. A financial upset in Italy had disturbing effect in all me european money markets The sharn upward movement here not only in sterling eAehahSe, but also in French exchange suggests a coming movement here. not only all stefilng exchange, but also in French SNehd"Se, suggests coming pressure in this center.
 line bond market was moderately active and shows general declines Total sales. par Value' $,6SO,O0O. United States 2's ad- Nanced 4 and the new As Registered de- ciined 1s in the bid price.
 New York, October 12.-Money on call. steady at POT per cent: last loan. 2.
 Prime mercantile paper, 5h@6 per cent.
 sterling exchange strong, with actual business in bankers bills at $4s6%a$4S7 for demand and at $fS21a9$4.S2sl for sixty days.
 Posted rates, $4.SS12@$4S7k.
 Commercial bills, $4.S1@$4.S11a
 Silver certificates, 5S@59.
 Bar silver, 5S.
 Mexican dollars, 47.
 Government bonds irregular
 State bonds strong.
 Railroad bonds weak
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