Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-08-23
FINANCE AND TRADE
Prices of Stocks Advance in Spite of
Break in Wheat.
CHANGERS WERE TIE FEATURES
Belief That Wheat Profits VIII
Seek Stock investments.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch 10 The Evening Star.
NEW YORK, August 23-Buying by
Lemon and the over-credulous sellers on
iast week crop scare resulted in SUBJ
stantial improvement in all departments
o. the security market this morning.
Inc damage TO the crops where n ex
lists at ALL is not likely to exceed the nro-
duct OF the increased acreage. The foreign
demand is now a certainty and tho nro.-
perity or the agricultural districts IS ron
sohaoly sure. The east and west win ,rad,
on a larger scale than at any time ,p g.,
years. ana railroads can Restore rar.s "a
an equitable basis without encoun,e,,n,, -,
position. Up
the commodities can be Skinned at a
pioi.' theminimum increase in rates which
s'dhds between some of the larger ,,or,or,-
ions and increased dividend rates vii, in
Nite no hostile comment
Ahother favorable market Influence u,as
disclosed by today's liberal profit taking q,
wheat The enormous gains to the ro,,i,,,-
49, 20, oi the wheat pit are likely TO ONE
al,to the Stock market in tho moor 49,.
Inc weekly increases in e,rrInCs t'i
capital putty speculative
The character of today's buying riyaIed
IN character that of the most hnoy-an,
period of the advance movement Jpdi,tt,,a,
Transactions were not large, but the az
gresate IN the more active issues indicates
something more than a sentimental hsli,.,
in prosperity. ''i
Large interests show signs of ranoy,aa
activity. and the class of stocks selected
demonstrates am intention IN daal A., -
more meritorious issues ~
The granger group was esnaci,ll,. ,,,t...
me gains extending to = per cent from
naturdays closing level Burlineto, :,
laul and Rock Island were particularly
active, last week sellers being consoIcuo,,s
buyers throughout the day Earnings frn,,
TINS group during the week are relied unon
10 snow substantial reasons for rh. rzcapt
adYancing tendency.
The London market for St Paul closed
al an advance of "a per cent. ana cor
responding increases We're reflected q,
NASHVILLE and the lower-priced speciaItf,.s
ne coal shares were in good demand
EIeadins Issues again leading. statement
from the latter company is due during the
week. and will reflect the Increase an. 10
the soft coal strike and the fan stockin.,
up among retail merchants The retnr- ~
MI. Morgan during the week is regarded
m some quarters being likely 10 have
important favorable effect on this gro,,p
New York Central is being advanced und.,
conservative buying, based on the prospect
OF increased earnings due to its par.i,.i-
patton IN the seaboard grain movement
The industrial shares were again only
secondary features of the trading. ne
course OF prices following closely in rho
wake of the regular market
during the nnal hour the confident buy-
ing OF early morning was increa sed ma
terlally In volume with the result that the
days best prices We're recorded toward the
close of the session
Unless the surface indications be mis-
leading and the perc entage of fact relative
10 crop damage he increased present Drir,as
are likely to be still further improved