New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-08-13

in the bond market sales in the last few days
averaging in par value over S4.OO0,OO0. Specu-
latOn is growing broader, and II is based upon
the multiplying evidences Of business expansion.
People are now beginning to look forward To the
September market. despite the splendid market
now current, and talk Is heard of big Sep
TENDER rise, which should be helred by heavy
orders from foreign travellers. who will arrive
home in large numbers In that month.
Further K iins were made I'm stocks. bonds and
wheat to-day. Commission houses were heavy
BUYERS for customers. and large financial inter
ests were In the market. Heavy realizing sales
were executed. and IN the afternoon prices sold
on from the best Of the day. but in the majority
OF issues net gains were recorded at the close.
The Granger shares were in good demand. par
ticularly burlington and 81. Paul. the first
named making an advance t. 9Sis and closing
at net gain OF = per cent. The prices OF the
Granger shares may possibly ho carried cor
siderably higher by public buying. II any
faith can be placed in current indications. II ~
interesting to note that the public Is capable Of
carrying prices In n bull market to a very high
level, as instanced in the bull market following
iN" wien Burlington was advanced from its
low price in INio To its high price in ISL. ~
lN2i2: st. Paul To 124L and Northwest To 13i.
IL the same time Missouri Pacific advanced to
ll1R Louisville and Nashville to 1lOia. and Jer-
soy Central 10 III. The AtchsOn issues continue
in favor; also Northern Pacific preferred and
the anthracite shares Union Pacific was again
conspicuous feature AZ n maximum gain or :
per cent. In the anthracite list extremely strong
support has been developed recently. and the
same may he said If the Changers. Atchison and
Northern Pacific. in fact. the support IS good
throughout the list. favorable feature OF the
buying Of the shares just mentioned IL the in
terest shown by people ely identified with
the companies. Arbitrage houses sold again to-
day, but London cables reported public buying
Of American securities at that centre. II was
said mere among arhitrage houses that they had
experienced considerable difficulty in getting
stocks out Of London. From this they inferred
that the supply there was about exhausted.
Wheel made another ncN high record for the
year to-day. and railroad earnings showed en-
couraCing improvement. AT the close the erect
Of realizing sales and of hea' pressure showed
itself in a heavy and irregular market. The for
oign exchange market was again weak. The
weekly statement Of the Rank Of England pun
lished to-day showed further loss in specie
holdings. the loss in gold amounting to f'hG -.
in American value 81 S:"'.tp against 81 1871.
100 in the preceding week. due To the drain
upon London from the ointment The most i'm
portant increases IN railroad earnings received
to-day for the first week in August were made
by Louis Vile and Nashville which cameo
SCI so; the Southern Railway, %"'.iF, ana
ChesaTeake AMI ohio. 81. 2@;.
Prices for the last sales Of the principal active
stocks to-day. compared with the final figures of
yesterday, we're follows: