The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-07-27
LITTLE CHANGE
IN STOCK MARKET
Character of Trading in Securi-
tiles About the Same.
STRENGTH IN SYMPATHY
With an Upward Movement, But Slump
in American Mailing Put an End
to It-Bonds Were Dull, With
Total Sales $2,625,0oo

New York, July 26-There was not much
change in the character of the trading In
securities today. There was a period when
the market made some show of strength in
sympathy with an upward movement in
group OF individual stocks, but q violent
slump in American Mailing was sufficient
to put an end to the rise and wipe out
pretty much all of the previous gain. Cen
erai Electric rose 1k ON the opening quo
tation. Pennsylvania showed signs of
strength early and there was a conspicuous
absorption of Rock Island, which was at
tributed to the operation of pool Buying
from the same source was supposed to ac-
count for the advance OF ia in Peoples
Gas and for the vigorous upward move
ment in the Gould Southw estern stocks.
The st. Louis Southwestern issues were the
most conspicuous as to activity, the pre-
ferred rising IL. Kansas and Texas COM
mon advanced nearly a point, the preferred
about 2 points and Wabash preferred IA.
At the same time Chicago and Eastern Hi
nois jumped points. Wall streets explain
alton was that St. Louis Southwestern was
TO be acquired by the Chicago and Eastern
illinois and the combined properties then
absorbed by the Rock Island. President
Edwin Gould authorized a denial that he
contemplated selling his holdings in St.
Louis Southwestern. Utterances to the
same purport by Rock Island officials were
published. About the same time came dis
l Chalmers from the Ogden Gas company
interests that they contemplated selling out
to Peoples Gas and Peoples Gas lost prac-
ticaily all its gain. There was a violent
break of SA in American Smelling prefer
red and "a in the common which COM
fhaA Inn Of rlFs TDVR
drifted away to the lowest OF the day and
were not much affected by a squirt in the
late dealings in Lake Erie and Western
which rose on the common If and in the
preferred 3 points American Car pre-
ferred was also marked up IA. New York
Central was decidedly heavy all day and
lost over point net. ST. Paul. Minneap-
oils and Sault Ste Marie common was
conspicuous for rise Of ia and the pre-
ferred advanced a point. The money mar
ket was inclined to firmness, and there was
more selling of loan, which necessitated a
shifting, though no great difficulty was
found in securing aeeomno dat ton. Much
doubt Is still felt as to the extent of the
demands which will be made upon New
York to move the crops. Discounts in Lon
don were further advanced, and the Bank
of England continued TO buy gold in the
open market, besides receiving consign-
ments from Germany. Sterling exchange
in New York responded with fractional
decline.
The Southwestern railroad mortgages
showed some strength in symathy with
stocks, but otherwise bonds We're dull and
rather heavy. Total sales, par value 3d.
$4,000. United States 3's coupon declind u,
but the new As registered advanced a and
the old As registered Il In the bid price.
New York, July 26.-Money on call, AG4
per cent; last loan. So per cent. Prime mer-
camille paper, 33s@43s per cent; sterling ex-
change heavy with actual business in bank
ers bills at 4.S7A44.ass for demand and at
4.S4Q4S 4A for go days; posted rates, 4S5D
4.s5as and 4SS44.SS9s: commercial bills 4S3
q4.SS$. Silver certificates, 60dD61 Bar sill
yer. 60A. Mexican dollars, 4S. Government
bonds irregular; state bonds inactive; rail-
ROAD bonds irregular.