The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-05-06
TONE WAS WEAK
THROUGHOUT DAY
Stock Market of Highly Pro-
fessionaE Order.
FAIRLY GOOD FOR BONDS
There Was Some Liquidation of Margi
nal Holdings By Spectators Dis
couraged at Lack of Support
in Certain Properties
FAIRLY GOOD FOR BONDS

New York, May 5.-The stock market was
of highly professional order today, and,
although support appeared from time to
time in particular stocks, the tone was
weak. practically throughout the day. The
grangers, coalers and a number of speeial-
ties, particularly Brooklyn Transit, Con-
solidated gas, Sugar, American Steel and
Wire Continental Tobacco and Anaconda
were specially weak. The feverish prices
accompanied by bear pressure induced coll
siderably liquidation.
London was purchaser of moderate
amounts, but not enough to sustain the in
ternational stock. While the bank state
ment can never be foreeasted with any ae-
curacy, it is known that the banks, on out
of town express movement and sub-treas-
ury operations, sustained loss in cash
of about 100000. This, together with the
understanding that fomorrow's statement
would not reflect the S, 100000 debt on ae-
count of the Spanish indemnity payment.
led traders to assume that the showing will
not be altogether favorable, because OF
the financing of industrials and the SUBJ
scrtptions to the amalgamated copper COM
pany. The understanding, however, that
that the sub-treasuFy VIII cash $4,000, 900
indemnity warrants next week, was regard
ed as likely to make a large addition to the
subsequent bank statements. Domestic
news was scant, but the possibility of Brit
ish compiled tons over TranSvaal affairs re-
ceived some notice. There was some liqui-
dalton of marginal holdings by SPECTATORS
discouraged at the seeming lack offnside
support in certain properties, and the con-
fdent operations of The bears. The market
closed weak at about the lowest.
Fairly good tone was maintained through
out the day in bonds, which moved indie
pendently of the stock trading, although
few prominent issues were under pressure.
Total sales, 1866 900.
United States, new As coupon, old As
registered and SIS registered advanced ls
in the bid price.
c. B. Q rights, 10000; Chicago Con. Trac-
ton, 5000; c. B. & @. $500; Chicago Great
Western, 800; Cons. Gas, $500; Continental
Tobacco, 1880; Continental Tobacco, pre-
ferred, 300; Federal Steel, 11,600; Federal
Steel, preferred, 5000; Louisville and Nash
vile, 4,9O0; Manhattan, 5000; Missouri
Pacific 600; National Steel, $500; New
Jersey Central, 1900; New York Central.
400; Northern Pacific, 5000; Ontario and
Western, 3,10o; Pennsylvania, $500; Peoples
Gas, $500; Reading, 1000; Reading first pre-
ferred 2O5O0; Reading second preferred,
54OO; Rock Island. 5000; St. Paul, 5000;
Tennessee Coal and Iron, 1900; Union Pa
Gifts, 400; Union Pacific, preferred, 4109.
New York, May 5.-Options opened steady
at points advance and further improved
5 points on favorable European cables,
causing covering.
General confidence is still reflected by
heavy supplies in the belief of a large crop.
options closed quiet, points net higher.
Sales, 1000 bags, including June, $3.50; July,
$40; August, $3.50.
Spot steady; No. invoice. 61z; mild,
dull.
New York. May 5-Money on call, 31s6Df
per cent; last loan, a per cent.
Prime mercantile paper, 319Q4A per cent.
Sterling exchange firmer, with actual
business in bankers bills at $4.8714@4.S7&
for demand and at $4s5A@4S51s for sixty
days.
Posted rates, sIs61s and SASSY.
Commercial bills, $4.S41sG4S5.
Silver certificates, 61AQ62.
Bar silver, 81.
Mexican dollars, 48.
Government bonds strong.
State bonds easier.
Railroad bonds irregular.
(I3v Privatp Wira TO Paine Ml1rI1hv x, Col