The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-08-16

way securities. and none more disas-
trously than those who are Interested
in floating the large amounts OF bonds
which the railroad companies have issusd and
which have not a. yet been transferred to IN
vsstera. In the circumstances IL must have
been comparatively easy to enlist effective sup
port for the Union Pacific Company. That It
has been enlisted NO one need doubt But be-
fore the fact is authoritativsly announced an
other drive ct tho stock 10 not improbable; ON
the contrary, 1t would DO quite natural.
The week closes 10 the Stock Exchange with
o good deal Of steam on, and. considering the
narrowness OF the speculation. 1t would not be
surprising II the elimination OF the short
interest were followed soon By . reaction In
prices. But there Is . growing disposition to
regard any setback that may occur as nothing
moro than reaction. That belief Is the out
growth Of a conviction that tho market has
ceased 10 20 down. Many influential dealers
In stocks think 1t Is too early for . permanent
bull movement to set In. at tho Same time
thoy regard tho retreat Of the bears - q favor
able sym ptoin. There Is . conservative and
important element in the business community
that wishes 10 feel absolutely certain OF its
ground before It risks very much In any vsn-
ture II the public were In tho stock market
or II there were any chance Of It's coming In
Immediately the element referred to might DO
badly left In consequence OF its extreme eau.
ton. But the speculation 10 still chiefly pro-
fessionai. and after the habitues OF Wall street
have changed their position In the market the
support Of larger interests will be desired.
but may not be given Immediately.
OF course the daily evidence Of excellent
crops here. aud OF an enormous deficit OF
breadstuffs abroad. may galvanize the stock
market sooner than many people ssps,et. 1 ,h
hos: IN
precsroSs busnsss though the Irft q events
ward better eonaiiSns 90 Tar As .h,s soI n.
1N no ons can ioressI. SSs that shs las. VIII
temper the INST viii hardly 30 denied by
should aIao be given to The Probability q !.
speculation In cereals that may check. or at
see sbs q ss% sIa i
Win q remembered that Within : decade
sition IN il, the wheat nsrEsss q u.
promised VIII he short lived. II the farmers
as n Ct ' MH:st .R Dar, ss s
tG.y sssn ioss ar.t pisss il relation 81 70 u: y:
sa adv ass as shs Wheat q had Is an
u :
o o! t. 'ss' The % @
,Ss sfe nks s ofta Be e .SSas a1Ssa
nate t. hay. have 1t limited by sordid and reckless
AZ a preventative Of such catastrophe an
active money market TO- TO be desired. AMI
upon this p1int there is much conjeo,ur!ne
ron taken
to be moved are much larger and ruling prices
could get it, e. it T. carrying part tot .,
I.Suif. large eI AMOUNTS handle the t ma
turing crop; Besides. It has any number Of
fhs aui
the financial situation Is tho abatement s Of the
Of t'I : - disposition to await ths outcome Of
our present, experiment in the more liberal
oD f. pos tSss for mads
they are HnTlline that a. radical
luton luton In mons!sry standards. ssSeeialis in
tss au,Sps " ss
toward the complete restoration Of the metal
bs Teua ss. 0s
the issue, except in the most Diplomatic way
s sH: respect. rho Granger stocks aud Louis.
WHO anu Na6uVIll0s NOEtu0Tn lU0lUC Otol0EI0us
and Missouri Pacific fairly Wed with each other
to attain eesond place. and all succeeded about
equally. Tho bank statement showed only .
small loss In lawful money and a large expan-
sion in loans, which may DO construed as indica.
nearly eorresnonding increase IN the denosits::
Is still large enough to warrant legitimate 70.
duction. The market closed strong at. about
the best prices. rejecting . cheerful II not Q
hopeful speculative sentiment.
As compared with the final pricss Of last
Saturday the majority OF stocks are higher.
The more important net advances are In
81: ST Paul. Nor!hwes, ern. and Missouri Pa.
Shore. AZ each: Chicago Gas. az: Nov Jersey
Central. AZ; Atchison. Buffalo, Rochester and
land. Cincinnati. chicago and St., Louis.
IL; Erie, Wabash preferred. and Western
Canada Southern ard ard. Heading: ! M each North
cent. The noteworthy. declines we're i?
forasge and and k"shvs National
Final sales compare with those OF yesterday