The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-08-02

favorable to the holders Of securities. Stable
crops are growing and being harvested With
out sncountsrinR untoward influences worth
speaking OF. while railroad returns show re-
markable Improvement whom II 10 considered
that tho crop movement has not a. ret fairly
set in and that general business ia far from
active. There is only one explanation OF tho
steady increase In the traffic OF the majority OF
our railways. namely. the constant growth OF
local business which Invariably Yields the
roads full schedule rates.
A partial explanation Of the slack demand
for Investment securities 10 found In the Of
forts which arc being made to discredit one OF
the largest life insurance companies. tits en-
tirely natural that they should create some
distrust which may temporarily curtail the re-
ceipts OF all the companies. But the COM
paniss will probably DO the gamers In tho long
run should any number OF timid policy holders
allow their insurance to lapse. Tho move
ment referred to has made all the companies
and they have thsrefos kept out Of the .ecSr.
lily market and the time money market as well.
the refsp Z, OF the
M ma ,1s AZ The aa@e Time !Se .af IRE
lar this year have also been obliged 10 restrict
T e sss asr TN
Exehangswsrs Si0O OF. 900. par alus, less than
dItlng ths Sorresrondng period Of lsst year.
ings hank deposits which has not as yet at
tracted general attention. hns an indirect bear
lie I rssson mi ior smssp deposits is bslisSed ~
those who have studied the mattor carefully to
sss % HGS% IL sTss n sHSSs
their savings iIio building lots in new
or twenty miles from the City Hall.
Another cause for Withdrawals OF money
Der Of peopis out Of employment. Wills say.
isis: listed o. The STOCK Esehasse sheir funds
vantage By those who deal extensively in
The objective point in the speculative sltua-
Upon hs Gon Sdsces frem Paris which
8 tho effect that neary one -half Of the gold
GENT abroad this year is held principally Il
grain merchants. who have bought heavily of
breadstuffs IN this county and expect to mako
Fneo 81
breadstulrs during the current month bid fair
to have q depressing elect upon the market
for sterling exchange as water Is to seek
ths foreign trade Balance Is distinctly In l our
WIN have returned from their summer vaea.
lions. By that time. TOO. tho wheat movement
will be well under way and moro definite In
hand.
The features Of to. days market were c., B.
and Quincy. St. Paul common. and Sugar Re-
filming stncks. Efforts to deprrss the last
named promptly, encountered support, which
left the rice 81 tho stock = cont. higher than
last night. Tho Improvement in prices was
nearly uniform. averaging about l. = cont. in
the stocks most extensively dealt III. The
closing was strong.
As compared with the nnal prices Of last
The more important net declines are In North
Coal and Iron: 2: Northern Pacific. II; Ameri-
can Sugar Refining COMPANY and Chicago Gas.
Erie preferred. IN: Pacific Mail. l : Wheeling
and Lake Erie and Ontario and Western. l
each DAZZLING and Cattle Feeding Company
and North American. 4 each; %aba.h nIe-
noteworthy advances are In Southern Pacific,
u y cent: Chicago. Burlington and Quincy.
~; National! Cordaee. l: Now England. u. and
Atchisun. u cent.
Final sales compare With those OF yesterday