Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-08-28
FINANCE AND TRADE
Stock Market Conditions Show an
Improvement Over Last Week.
OMAHA TIE FEATURE TODAY
Favorable Foreign Sentiment Re-
Elected by London Gables.
GENERAL MARKET REPORTS
Special Dispatch to The Evening star.

Special Dispatch to The Evening star
NEW YORK. August 2s-Stock market
conditions continue to inspire confidence in
further Improvement There Is no pressure
10 sell and commission house activity is al
most solely in the interest of higher prices
Reports from all sections OF the country
and from nearly all Of the larger industries
reflect steady Improvement In the business
world
Wheat prices again harmonic with re-
liable crop estimates. and freight tonnage
is certain to exceed record proportions
The Burlington system has already made
records for freight delivered during the
week. which have never been equaled in
the history of the road. This fact is sig
nifcant and foreshsdows frequent duplica-
tion in the near future throughout me
tire grain growing territory,
The future prospects of these shares are
already in process OF being discounted. BY
comparison with the final figures one week
ago the granger roads reflect advances
varying from 2 TO per cent.
Rock Island has led In this Improvement
as the result of able market management.
increased dividend prospects and the I'M
Warranted discrepancy between its selling
price and that of its neighbors.
st. Paul has been given excellent support
during the week. but enthusiasm has been
less conspicuous than in either Burlington
or Rock Island All three issues however.
sold this morning at the best prices re-
corded in the present market movement.
AT the new level the buying had increased
rather than decreased in confidence.
The feature of the day was an advance Of
r1iore tran per cent In Omaha This stock
mas, until recently. been neglected but its
improving merit has been almost generally
IL ha al 81
as member of the Vanderbilt group has
never been publicly acknowledged. its in
inmate relations with Northwest make the
repeated denials Of its association ridic-
ulous. The road has merit of its own
however, and will undoubtedly so acquit
itself in the future as TO fully Justify Van
derbiit Endorsement of its management.
The road is properly granger. and will
effect the crop movements to a consider
able degree.
The Reading issues and the so-caIled
Morgan properties are beirg forced solely
TO the front. The preferred stocks of re-
Gently reorganized roads are being boush;
from time to time for purposes of ipsignifi-
cant marke- demon stration about the time
the crop movement is at its height. As a
condition precedent TO this action, foreign
interests have been made parties TO
the Undertaking. and beneficial mar
ket incentive is likely 10 be re-
Foreign sentiment has changed London
cables for the better during the week and
the short account abroad will be made an
object of concerted attack unless its liqdi-
dation is hurried.
Prices at the close of today's business re-
fleet the generally expressed confidence
in large increases in earnings during the
coming week
The weekly bank statement shows de-
crease of S234.s.O ia reserve holdings
bringing the total surplus down to Ss95i1
700
Lawful money holdings are practically
unchanged and from this fact IL is in
ferred that money is going into the interior,
on account OF the crop movement The
volume of funds required for this purpose
should increase from. now on until late
in the fall. An increase of 81 2J6 30 in
loans reflects the loans made for stock
operations. as previously noted, and a
growing commercial demand