New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-28
Ios,Nc PRICES OF PHILADELPHIA STOCKS.
ON THE STOCK EXCHANGE.

Tuesday, August ZIP. m.
The stock market was active and advancing to-
day With few exceptions the entire list ad-
vanced, and net gains wer. generally above per
cent. In many stocks reaching over per cent,
with the buying fairly well distributed. and there
were transactions In several stocks which have
been inactive all the summer. The Granger
shares and stocks which have an international
market developed strength under heavy buying
orders which were not all for the professional ac
count. There news Of a disturbing nature
to affect stock values. all the developments be-
ing OF a favorable character and materially as
sisting in driving away the summer duness from
Stock Exchange business The highest price
reached by the Granger shares In 1894 was S4b
for Burlington, 67% for st. Paul 1l0ss for North
western and 72as for Rock Island while In 1893
Burlington reached 1895, St Paul sSh North
western 116% and Rock Island S9% To-day's
highest prices for this group were ~ for Burlng-
ton. 76a4 for ST. Paul, 1864 for Northwestern and
S41s for Rock Island From these comparisons 1t
will be seen that at present the Granger group.
with the exception OF Northwestern. IL selling at
the highest price since 1899. The fact that the
demand for currency from the West has shown
marked increase In Il last two days. indicating
"A good crop movement, has had a favorable innu-
ence on the shares OF the Western roads, and
the Street grows more bullish every day on the
prospect Of these roudn for increased earnings In
the next few months Sentiment In Wall street
IN more bush Just nj present than II has been
for many months. ind In considering this state
mcnt II In to be remembered that sentiment hna
been on the bull side all the summer. The com
panics In the course Of reorganization received
considerable attention to-day especially Erie and
Atchison. both ~ which advanced materially
above yesterdays highest price. The Erie plan
which was announced yesterday has had a good
enect upon foreign purchasers OF American
stocks. giving them more confidence In the ability
OF reorganization committees to bring about sue
cessful rehabilitaions OF the bankrupt properties
here. and consequently helping them TO take a
more favorable attitude on American railway Sc
curitles.
The London market for commercial stocks was
higher and more active to-day than in several
months, and the purchases I'm this market for
foreign account were considerable but a good
part OF the buying may have been to cover
short contracts as this was the first day of the
regular fortnightly settlement London bought
Louisville and Nashville. ST. Paul. Denver and
Rio Grande preferred. Wabash preferred Read
ing and Erie all Of which closed above yester-
days last prices. Northern Pacific and Union
Pacific both felt the effect OF the good recep-
ton given to the Erie plat. the preferred stock
Of the hrst-named advancing over per cent
and Union Pacific ! per cent. The failure OF the
United States Leather Company 10 declare the
expected dividend caused decline In the pre-
ferred stock OF that company but the rest Of the
industrial list was strong. Sugar Refining.
Chicago Gas and General Electric making sub