The morning news., 1897-08-28

were good. Greeks were better. on Pre-
mler Salisburys proposal and the belief
that a loan Of H,601 600 can be easilv ar
ranged. Silver was better on the report
that the United States have oversold for
immediate delivery The Paris boursa
was buoyant on the Russian alliance and
the Berlin market was dun"
New York, Aug. G.-To-day's market
was strong throughout ana the onward
tendency or prices was practically unin-
terrnpted by reactions. Anything like a
recession in the bids for stocks ELECTED no
offerings and led to a lull IN the activity
Whlch soon gave place to renewed buy
ing aud higher level of prices Many
inactive stocks were sought out and nov
ed IN the market all at notable gains
Ihe movement even touched some of the
extremely low priced almost discarded is
sues. The strength of the market was
apparently based on a renewal Of full con
hdence in the improving tendency of gen
eral business. Some of the railways are
making record earnings and all are show
HIS increased earnings, Fuller reports of
some western grain carrying roads show
that the total Improvement in their bust
ness is due in larger part 20 the move
Ineht OF general merchandise westward
than TO the movement of grain eastward
ana TINS Is taken as an important index
OF the improvement in general business.
Inc continued ease in the money market
IN view OF these evidences of awakening
lndustrlal activity, causes surprise, but
cheap money is an incentive to specula-
llon The reak in grain was regarded I'm
the stock market as proving the safety
ana abundance OF the grain crops and In
cited special activity i'm the Granger
shares. Rock Island took the lead In the
group and moved up points net during
the day. Burlington gained over a point,
ana 81. Paul a point. Chicago Great Wes-
tern Jagged and fell off a fraction.
The Coalers were the exception to the
Duoyancy IN the list, and declined a frac-
ton. Missouri Pacific was active and ag-
gressively strong all day and gained IL
net southern preferred also was promi-
nent' with an advance of ia per cent
Pennsylvania was dealt in on the ex-
change for the first time I'm long time at
liza; Colorado Fuel and Tennessee Coal
rose over a point during the day. OF the
inactive list, Cleveland, Cincinnati and St.
Louis preferred, sold at s points over yes-
terday's bid price
The common stocks also advanced a
point. Baltimore and Ohio gained 10:
Laclede Gas showed a net gain of 2A ;
metropolitan Traction, 27s; Manhattan ~;
national starch second preferred, 3; New
YORK. Chicago and st. Louis and Denver
preferred, each over point. and Great
Northern preferred, 3A Stocks Of the To-
cal gas companies We're all strong on talk
of consolidation. Ontario ana Western
was active and gained u. Northwestern
preferred, was conspicuous for a loss Of 2
points at the close
The total sales of stocks to-day were
@5ll3 shares, including Chesapeake and
Ohio. @,2l0; Burlington, 16,6i5; Cleveland.
Cincinnati, Chicago and ST
Louis, 6,Js0; Louisville and
Nashville, 10, 43O; Missouri Pacific, 1O-
785; Northern Pacific preferred 6.6s5;
Reading, 5,535; Rock Island 2S. AIS; South
ern Pacific, 3l,450; Southern preferred. A.
Sl5; Bay State Gas, l5.26O; Laclede Gas.
Sl1; Western Union 1920; Chicago Great
Western, Il, ,4G.
1he bond market was very active and
&c enerally higher Total sales. $2.772 600.
Government fours were NC and hves Nc
tigher