The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-08-30

Lake Shore ........iioS Union facihc ......... az
koS, M,shv'Ii'...., wabash pf'"'.."..... 2st
SATURDAY. Aug. 29.
In the advance that has taken placs In the
majority OF Stock EXCHANGE securities this
week the expectations OF the most saneuins
bulls have been exceeded. But It Is only to-
day that the trading has been OF sufficisnt pro-
portions to suggest even the probability OF
boom. There was to be sure. during the first
few days OF the woek Q strong and widely
distributed market. which was arrested later
because OF the low temperature prevailing at
tho time In the Nor Invest Fears were
entertained for the safety OF the growing
crops. which deferred many from ven
turing upon fresh speculationa partic-
ularlv a. the market was supposed
then to have reached the danger point.
On Thursday the efforts to force . reaction
In prices were partially successful but the
following day and to-day have proved very dis
astrous ones to those foolhardy enough to at
tempt to reost tide OF speculation which is
unQuestiona bly backed BY the forces Of Nature
herself. and the only blight discsrnibls In
consequence OF the cold weather is that OF the
ho,es Of the bears and belated bulls. The re-
naming hours OF the week have all been o.
cupied In covering shorts and accumulatlnR
fresh supplies OF stocks at the greatly en-
HANGED values ruling at the close OF business
to-day.
During the last two days there have been In
troduced new elements OF strength which
could not have been considered even By tho
most orudite prophet OF the markets futura
London has until within short time been
left entirely out o, all calculations. only In 90
far as tho European necessities for food were
expected to DO mot by return OF such Ameri-
can securities as were held abroad. instead OF
the gold with which they were so literally
supplied In the spring. The recent purchases
for European accounts present the foreign sit
ustlon in now and more attractive light than
has been heretofore pictured. 1t not only
dissipates the fears OF further financial difi-
culties and proves concIusively that. a. in the
rast. our market for securities may rely i'm.
plicitly uoon European support; but 1t also
Quiets the fears Of any return OF securities and
hAstens the day when the now OF gold Will turn
in the direction OF the United states. The
daily export OF about l.0OOOOO bushels OF wheat
and the purchase OF from 10000 to 10000
shares OF stock cannot long be Kept up With
out effectively tapping the European till.
AZ . matter Of course the favoritss OF specu-
latioa are the stocks OF roads expecting to
renp tho principal benefits OF tho heavy
crops. but incidentally the benefits resulting
from vast increase OF the nations wealth
are distributed to all classes Of securities.
whether industrial. commercial. or rail. In
view OF this condition. We have this week seen
a distribution OF business In shares aud bonds
without parallel in the history OF tho Ex.
oh.n,. Tha mor.m.,t h.. ,,o,,d.d sto,L.
chanee. Inc mosement mas 'ne!uoeo STOCKS
that the present generation OF speculators
have seldom. II ever. seen quoted while the
doalin, I, sn.ciaI,i.e formo m in,ortont nart
uooins III e'oei"..'oS o'no ~ 'in'0' s"os '"As
III the total OF daily transactions.
To-Day the climax OF the bull movement
""9 ie"ene - 'ne au'au.o u"''ns ooeu Son.'u'
uons from tho opening to the close OF tho TWO
hours business. In this time 256. 900 shares
=, ,o,,, .h..u.s ia, 80 40 OF, nm "a.
Here again thu record has been broken. for In
no two hours OF business since the orRanfza.
,io, =, III. S,o.,. E~,h.r,. h.v. +h.r. ho..
,'on " 'ne o'ocA IA'l"hEe n"so 'ners oeen
heavier transactions In bonds than those re-
corded to-day. Tho list of bonds includes
'r'neipaly mo moro specula''o i-euen' IL 10
true. but there are in progress transactions In
the more strlctly inye ,tment bonds which ara
h.inn .e,, "y.r W. count.r" s srd 1'v whios
form no part II tho visible transactions
as,.n. $500. 49,. ~ ;... $500
acuNo oonus tno isaoer, ate Atcn!son ihco'nss'
lateral Trus. a. NJ. X and Tsnss 2d.. And
TSsn.oa. =. 49,. 49, 'i.. ,h.,..,. '. ..a
Iexas 2ds. IN the snare Ilst tho leaders were
c.. B. and Quincy which advanced from 93A
tn 95s, on transactions OF about $4,000 shares,
A.chison scored ono point advance on total
Of about 80. 100 shares. Rock Island - y cont.
on total of about 5000 shares. Louisville
auu N"s",n'e oou'' w 41'v ~, sua.s''
tn. spscial,jes "c''' "nu n'sn'f As a'o wore