The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1900-09-06
GENERAL REVIVAL
IN STOCK MARKET
Trading Was Active Throughout
Entire List,
SUGAR WAS THE FAVORllt
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Early Strength in Iron and Steel
Shares, But Closed Weak Bond
Market Was Better But
Very Irregular

New York, September 5.-By contrast
with the recent dead level of apathy to-
days trading in stocks seemed like posi-
tive animation. The aggregate of dealings
was considerably larger than for some
time past and the total was not made up
with an overwhelming preponderance oil
trading in one of two stocks. Sugar Peo-
pies Gas and Brooklyn Transit all contin-
ued fairly prominent, but there was
marked increase in railroad stocks, and
the number of shares of some of the in
dividual railroads dealt in compared favor
able with the totals in the speculative IA
vorites among the industrials.
There was a peculiar irregularity of
movement in the specialties, Sugar as
rule moving up, while Peoples Gas was
going down, and Sugar reacting as Peo-
pies Gas recovered. Both stocks We're
largely dealt in both above and below last
nights level. There was strenuous support
in Sugar at the opening and the 1000 shares
thrown upon the market We're taken at
prices running from 123 to 122l2, compared
with 1925 last night Friends of the stock
were evidently in doubt how the dividend
declaration of IA for the quarter would be
accepted as the stock was rushed up yes
terday on the superstition that the dividend
would be per cent more. Encouraged
by powerful support, the stock pushed
up at one time to 1857, but it turned heavy
during the latter part of the day and closed
with net loss of / rs. Peoples Gas on the
other hand was weak in the early dealings
on continued reports of extreme measures
contemplated in the Chicago Gas war. The
stock touched 81 but rallied 2 points and
closed with net gain of IS.
There was early strength in some of the
iron and steel stocks but they sagged away
in the late dealings, seemingly under the
impression that tomorrow the reviews may
have something unfaVorable to say. The
cause of the drop in the other stocks was
not very clear but there was a manifest
accession of confidence on the part of the
bulls.
Dealings were largely professional, but
there was buying on a large scale in
number of stocks, individual transactions
running up to 1000 shares in some cases.
st. Paul, Union Pacific, c. & o., on talk
of a dividend, Southern Pacific and l.. &
N. were notably in demand This strength
had its inception in London and that cen
ter bought quite freely of various interna-
tionals. The strength in London was said
to be due in part to the expectation of re-
ceipts of gold from New York, but this
did not hurt the New York market
The bond market was better, but some ir
regularity continued. Total sales, par
value, $935,000. United States old As and IS
coupon advanced 4 in the bid price. -
New York, September 5-Money on call
easy at 1A@1h per cent
Prime mercantile paper, 415h per cent
Sterling exchange soft, with actual bust
ness in bankers bills at $4S7ssGp4 S71s for
demand and at 81. S3B@44 for go days.
Posted rates. s4.S5@4S S1a
Commercial bills, $4.S3Q4.S3A.
Bar silver, 623sc.
Silver certificates, 601sd623sc.
Mexican dollars, 4Szsc.
Government bonds strong.
State bonds inactive.
! Railroad bonds irregular.
/
(By Private Wire to Murphy & Coz