New-York tribune., 1891-08-26
WHAT WAS DONE IN STOCKS.

IueSQay, Aug Eo-p' u'
Cumulative evidence was furnished to-day that
the stock market, weary of waiting for reaction
of importance. had resumed it's upward tendency
There was an increase in the volume OF trading
and a general rise broken by only ordinary fiuct-
nations. In many stocks the pace was so rapid
that the advance might be called continuous
While not the absolute leaders in point of activity
the prominence attained by the Vanderbilt group
almose entities those stocks to that place
~ eminence. Lake Shore gained per
cent on moderate transactions and Cleveland,
Cincinnati, Chicago and st. Louis, with
larger business, is up ga per cent. The exhibit
Of the earnings for the first half-year In Inc
Tribune to-day, with the reasonable prospects that
are before the road, fully warrant hope OF an In
creased dividend at the end Of 1891. Although
no official statement has been made, the action
of the directors when the last dividend was de-
clared WAS a virtual warning that stockholders
of Lake Shore would hereafter enjoy the distribu-
ton of all profits to which they were entlued,
tho nolicv of the company heretofore being open
70 the complaint Of ultra-conservatism. There Is
little dispute in Wall Street as to the relation OF
Lake Shores price to other values In the STOCK
list and the speculative neglect Of the stock has
been testimony to its Investment sohdiy: d6O 6ue
stride in Delaware and Hudson year or more ago
The most active stock to-day was Atchison, but
its rise of l per cent seems small in comparison
with the business done. The grangers were strong,
with darlington and Quincy contestlng leader-
ship with Rock Island, while st. Paul. Ike AtGni-
SON made modest progress on large trading. Inc
Eries showed unwonted strength and spirit the
preferred moving as if stirred with thoughts OF
possible dividend. The July statement OF this
company is eagerly awaited. IL Is almost Ike
discrimination 70 go further IN the mention OF
stocks Fair net gains were almost unlversal'
substantial ones Of per cent ana sfsr were nu'
merous The whole list shared in he final tone
Of confidence.
Taking in it's entirety the market was one OF the
most encouraging since the change in speculation
became marked Although fresh retreat of the
shorts" was begun, there was evidence OF WIDER
outside interest The buying for foreign accouht
was more pronounced. Local encou ragement was
felt In the weakening tendencies 0i lorelgh @ eh-
changes. Londons influence on tnlS point was
but little, for the sales OF week ago were not
drawn against and there have been no remlttances
against recent purchases. But the supply OF
commercial bills is increasing, and the evening
up" Of foreign transactions IN STOCKS might emo
with the current Of securities turning toward
Europe again The renewal Of reports that Russia
have Influenced the late trading in stock to
slight extent But Wall Street IS already satlS-
fed of the foreign scarcity in cereals when assures
a demand for our entire surplus ana speculation Is
reviving under the confidence that nothing e%-
cept unexpected accident can interfere with
bountiful yields Of home crops.
THE DAY IN THE BOND MARKET.
Government bonds were neglected at the Stock
Exchange but the quotations for the coupon as
were advanced IA per cent Following are the final
figures