Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-08-31
IN WALL STREET TO-DAY.
The Stock Market Opens With Burst Of
Activity.

Ane STOCK Market Opens With q Burst OF
Activity.
NEW YonK, August 31.-The stock market
opened the new week this morning with great
burst of activity amid considerable excite
ment, and while the buying was very large,
including heavy purchases for foreign &C.
count of many of the leading shares. there was
f9li supply Of stocks at the improved prices
ana IN most OF the list in the early trading re-
coded slightly from the opening figures. which,
asarule, Internationally higher than Saturdays
maj ngures. The same stocks led in the deal
ings, Burlington, Rock Island, Atchison, Union
racine and 81. Paul, bnt the market was much
wider than at any previous time and the trad
ing for the first hour reached enormous pro-
portions The drive Of the traders in the early
dealings failed to have any permanent effect
upon the list and prices before the
END OF the hour were back again to
those Of the opening and in most cases
beyond. The Wheeling and Lake Erie stocks
we're the strong feature of the trading, the pre-
ferred rising to ", while most of the generally
Inactive shares showed an advancing tendency
in the face Of the momentary decline in the
Leading stocks. The extraordinary activity
lasted to the end Of the hour, and at II o'clock
the market was again strong, generally at
small changes from first prices.
Wall street, IL m.--Money on call is easy ut
211aS per cent Prime mercantile paper, 5s4a
~. Sterling exchange is quiet and weak with
actual business at 4S2 for sixty day bills and
4S41a for demand. Posted rates 4S3-4s51z.
The official report of the Mercantile Safe De-
post Company to the stock exchange shows:
Silver bullion on hand, 496, 70S ounces; de-
certificates outstanding, 1887 Government
bonds have been dull ard firm. State bonds
have been neglected. Railroad bonds have been
active and strong.
In the stock market after II o'clock the
pressure to sell for both the long and short &C.
COunt hat yphi fhpr
was materially less business, prices advanced
among the leading stocks, though generally for
small fractions only. Lackawana, however. was
specially strong and rose from 14O1I to 14l5s,
and sugar recovered about per cent,
placing it fractionally higher than at the
opening. There was large business in the
general list, as usual, with only slight changes
in values. but late in the hour there was a re-
vival OF the early buying demand and prices
made more decided progress in the upward d.
rectlon, Burlington and Rock Island being spe-
cially prominent in the movement. The mar
ket at noon was very active and strong, gener
ally at small fractions better than first prices.
Bar silver, 979l.
AN EXCITING MARKET IN LONDON.
LONDON, August 31.--The excitement on the
stock exchange here continues with increased
intensity. Compared with the final prices of
Saturday Denver and Rio Grande preferred
this morning advanced "a per cent; New York,
Lake Erie and Western, Atchison, Topeka and
Sante Fe, Is per cent Wabash, st. Louis and
Pacific preference, 1 per cent; Northern
Pacific preferred and Denver and Rio
Grande common. q per cent; Louisville
and Nashville. Is per cent; Ohio and
Mississippi ordinary, New York. Ontario and
Western. and Central Pacific shares each u per
cent; Norfolk and Western preferred and Mis-
souri,, Kansas and Texas each 4 per cent.
Afterward there was slight reaction on realiz-
ings.
South American securities also advanced
briskly, especially Chiians.