The age-herald., 1899-09-14
IMPROVED TONE
 IN STOCK MARKET
The Rate For Call Loans Fell
 From Former Level.
NO FRESH MONEY SUPPLY
Bonds Were Inclined to Recover in Sym pathy, With the Total Sales at Par Value Amounting
 to $2,475,ooO.

New York, September 13.-The reeupera- tion of the money market by means of the severe liquidation of the last two days was reflected in a much improved tone in the stock market. Prices were little inclined to advance in the early dealings in spite of the buoyant tone in Americans in the Lon don market and the vigorous showing made by few specialties. Early loans on call were made at to 715 per cent. and decline in prices set in soon after the open- Ing, which carried the level generally be- low that of last night
 The rate for call loans then fell to Der cent. and after stiffening again spasmodf- cally eased off in the latter part of the day to per cent. About midday there came the announcement that the treasury de- partment had decided to anticipate by about ten days the October payments of in- terest on government bonds, which will amount in the aggregate to over s5.OOo 0oo The shorts took alarm at the steady ad vance which set in and rushed to cover bidding up prices in the closing dealings bv "loe advances to the top level of the dav me closing was very active and bnovant ana shows net gains ranging from 1 to 6 points.
 Aouay was the fortnightly settlement on tue London stock exchange where ouite q large snort interest is said to have existst sdhS' icdhS' Ihe decline here was there .ole very opportune and London bought to tne extent of about p 5,000 shares Tennessee eodi was strong from the outset and after moving In an cratic way closed with an auFance or 612 points. American Tobsceo also developed early strength and left afr . polhts higher Brooklyn Transit was uo"n nearly to yesterdays close and then up again, and shows a fractional net pain Ihe new United States milling stocks moved up all day and show net gains of over 5 points each and Colorado Fuel as much ~
 There were active upward movements in the Leather stocks. The demand for the Railroads generally gained in volume as inc day advanced and the upward movep,opr was quite uniform in the principal active Issues which have net gains of between 1 ana points in many instances Gains above the average were made by I.acka- wanna, Illinois Central, Cleveland Cincin- natl, Chicago and St. Louis, Pittsburg Cin- einnati, Chicago and St. Louis and Great western "B, which ranged from to ! the latter l1ackawanna. The movement of money on balance continued ia favor of the interior today but debit balance at the clearing house by the sub-treasury re- Heved the pressure somewhat.
 So far as is known there was no fresh supply of money in the market, though the sharp break in the call loan rate suggested that some hidden reserve might have been brought forward The extent to which the loan contraction had proceeded can onIy be estimated vaguely, but weaker specula- tive accounts have evidently been shaken out to large extent, leaving the general tone much healthier Sterling exchange fell an additional fraction for actual rates and posted rates were reduced half cent but the fact that discounts in London were easier indicated that gold movement is in prospect from that quarter.
 Bonds were inclined to recover in sympa- thy with stocks the speculative issues leading. Total sales par value $2475 OoO United States bonds were unchanged in bid quotations.
 New York, September 13-Money on call easier at 2@2as per cent; last loan, 4h
 Prime mercantile paper, 4h65 per cent.
 Sterling exchange weak with actual busi- ness in bankers bills at $4. S5a5 6G4Ss for de- mand and $4S2h@as2A for sixty days.
 Posted rates, $.S311I4.S4 and $4.S76lLS71s.
 Commercial bills, $4S1R.
 Silver certificates, 59G59as
 Bar silver. 59.
 Mexican dollars 471l.
 Government bonds steady.
 Railroad bonds strong.