The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-08-03
FmADEIrHIA UIoarNo oUorArroNa

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MONDAY, Aug. 9.
The upward movement in securities made fur
Their and noteworthy progress to-day. The
market showed a little hesitation at the opening.
because traders and their following sold the
Granger stocks on reports OF excessively hot
weather at certain points in tho Wcst.
The professional element was disposed to
combat tho obvious tendency OF tho market.
because the shares of the Granger trunk
lines are no longer the leaders. Tho course
Of prices for tho majority of the list shows
that this view Is an exceedingly narrow ono.
Tho Granger stocks undoubtedly form a most
important group, for the prosperity Of the en-
tire country depends to q large extent upon the
character Of the crops harvested in the vast ter
ritory traversed by those roads. There is as yet
no well-grounded reason for apprehension as to
the outcome of the crop year in tho territory re-
ferred to; nevertheless, owing 10 the material
advance that has taken place in tho Granger
stocks, the public is disposed to turn its atten-
ton to other securities until the yield Of staple
cereals is practically assured. Yet faith in the
future of the Granger roads Is so strong that
professional operators are unable to depress the
prices for their shares.
The leaders Of the market to-day were Sugar
| Refining, Chicago Gas and Northern Pacific
preferred. Tho renewed activity in Sugar Re-
nning ut advancing prices was apparently duo,
to q considerable extent. to tho covering Of
shorts. Chicago Gas advanced on progress in
the matter of consolidating the various
companies and the certainty of tho dec
~laration of tho usual quarterly dividend
of 11a y cent. during the present week.
! Regarding Northern Pacific various rumors
were current OF, impending changes In the
management. The zeal reason for the adj
vance will doubtless be made public in due time.
In spite of the efforts to deprsss them, all OF the
Granger stocks were fairly active, and closed a
little higher than yesterday. Minor features Of
the market were American Tobacco, Chcsa-
peake and Ohio. Louisville and Nashville,
Reading first preferred, and Chicago Great
Western. OF the usually less active stocks
Consolidated Gas scored a net advance of
5la points. and Illinois Central, which was moro
extensively dealt in than for some time past,
closed ia . cent. higher than on Satur-
day. Tho excellent showing of the st. ZOO
| and Grand Island Company for the first
hve months Of the calendar year. namely.
a surplus over fixed charges for the EN-
tire year of $4,000, stimulated trading
In all Issues Of the company's stock.
Tho total dealings were on q family large SCALE
aRgregating nearly 4Oo. 900 shares. The trans
actions In bonds were also up to last weeks
daily average. aggregating over So, 900. 600 par
value, and for many Issues the highest prices
yet reached were recorded. Tho closing was
strong at about the best prices.
Final sales compare with those Of Saturday 90
follows:
July 81. Aug e. July 81. Aug ..
4. TkSFe. a 4 Nor Amer. s Oh
A,TssFep 2e' 2sia,Norf & wp 3oh 81
Am S Ref - 1885, l42 n " com...1l7s 1l71
Am 8 Ref p1 ! Ia l1ll n Pao com. l5a l5as
Am Tob.... e2s San y Pao pt... 45S g
Am sp NJ. 1872 49, SY cent...lola lo1.
Am sp p. a2s 32a NJ Cent. ses eoh
Brook r T.. 80 80 Omaha com 657s e6ls
Canada So. sax 63h Ont & w.. leaa leso
c.c.castL 25h 3oH Par Mall. sos 81
C.Bso-.. 80 sSh Pull P Car.17O '1ee
Con oas..17e 1871 Rock Island 50 s2h
Ches 4 o.. eos o lReadins.... 21ls 24
Chic Cas-. 80 1oo's Read LIST pr 5lS SO
Della Hud..1l7 1l7as st p CON-. s7s $40
Den s O 12 l2. SO R'way.. 81 sTs
aRG pr. l6S 16i1 SO R'way p aga 32a
Erie....... l6 10 stLswp. lo% lls
Gen Eles.. Ssh Ssh Stand st 81 81
Illinois cenlo2 1881 Re- 25a 25a.
Kan L Tex. LA ldaiunion Pac. 8 7st-
Kan & II pr. 35 35S U S Rubber 14h las
Lou q Nash ssh So U S Rub pr. SO 6s4
LEA W pr 7Oa 7oa U S Leath.. ~ ss
Mani Con-. 931s cas- u S Leath e2s 3d.
hinn 4 StL 24ta 24S Wab conn.,. zee ~
h&StL2dp IS 8 Wabash pr. 17l 49,
Mo Pacific. 255 25's W Tn Tel. s sea
SatLead... 33a 34alw&LE... III Ia
'Ex dividend.
Government bonds steady at unchanged quo
~tatious. Railway and other bonds strong and
active. The features were Brooklyn Union Gas
5s, Canada Southern lists, Colorado Coal Is,
Chesapeake and Ohio general 4ios. Chicago
lien 3.4s, international and Great Northern IDS.
Kansas Pacific consols. 7. r., Missouri Pacific
SSSSsS5a' f 2lfgoR he1ir"S s., d ist NI vi stHnaa dsd
Rope and Irvine IS. st. Louis Southwest
SS;ST;5SsrRR RE$$siSss; oTess A." sasss Ei%s and
net advaaccs we srsf in Brookly n nAG Usto '% Gas s.,
Z y cent. to -; Chesaapeaks and Ohio general
Incomes, !. to s.; CHICAGO: Ind. and E,ouisvills
national and Great Northern DDS. IT, 81; |. SIT
Eon Ra haSi1c co onS Ss !; t.; tSi to as ss't; Orc to-
s7@; Oregon Short Line con.ol IS, i. to
f fa1si sa% ins0m e. 4, At ~ , =. 2Sls; to Oregon sfss.
s. Louis Southwestern lists, q, to 7Oi2: San An,
tonic and Arkansas Pass As, W, TO COS: Texas Pa
1O2, and 81 I. r.. 9 l. cent. to 100. Tho note,
worthy declines were IN Canada southern lists.
Missouri Pacific consols. !, ~ 81. and Standard
Rope and Irvine 6s. u y cent. to 66.
commercial price OF bar silver in Now York,
577sc. Bar silver In London closed at 26 lI-lGd.
Mexican silver dollars were quoted at 454d47c.
Exports to Europe tomorrow, z 1000 ounces.
Money on call, 1ql4 " cent. Time money is
quoted as follows: Sixty to sevcnty.h We days, 2
" cent; four months. Gig y cent. and five 10 six
months, 3 v cent, on good mixed Stock Ex-
change collateral. Commercial paper quiet.
Prime Endorsed bills receivable are quoted at
3i9a3A y cent, choice and, prime single names
at 3a94 v cent. and good names at 4a4I2 y
cent.
Sterling was weak and lower. This condition
of the market was the natural rosult of the gold
shipments OF last week. bills against which sup
piled the immediate wants OF remitters. Tho
continues offerings Of grain futures also sper.
ated against the market; Continental exchange
$4.s7 for long bills and sass for demand. Ac.
tual rates arc; Long bills, $t.s6eS4 .sGi4; sight
$i.s7'4@$4.s7i2. Francs are quoted at 6.I67sGs
5.l6l4 for long and 5.l5bsd5.l % for short; reichs-
marks, % 5.lG5S5 7-l6 for long and g5a@957s
for short; g%uilders. 40 ~3-l644Ol4 for long and
40asa40 7-l6 for short.
Domestic exchange on New York: BOSTON
" panfa uranium "a mar harlpGInn-IpNi tn,