New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-08-21
Friday Angust 9N-n. N

-.
The stock market was cleared of consider
able number Of weakly margncd holders today
by the aggressive. tactics Of The bear element,
and 4 number Of small holders Of stocks took
their profits on shares accumulated III the recent
bull movement the result # these two factors
being a decidedly weak market the create. part
Of the DAY The sensational advance in wheat
options-Septc mber reaching Sl-fUrnished bear
traders additional ammunition in tncl: cam
paign against values the absurd story thai
wheat wa advancing on account Of crop short
ages being peidcd oui At numerous Intervals
throughout the day People who sell tne!r STOCKS
CT hear crop stories viii presently he IN the
DEPTHS If gloom for prices will recover AID g
to higher figure. 1t ishot unlikely thai traders
VINO are selling now VIII socn bc buying back al
advanced figures. The damage. if an. 20 the
crops has necessarily been small. on accom-. II
the latencss Of tho season. and whatever the
damage may Lave been il has been moro than
Offset by the increased acreage as compared WIN
last year. Despite all pear reports about the
crops the fact remains that the yield Viii be-
large, that il will be in urgent demand and that
il VIII sell at very profitable prices. Dollar
wheat. which the farmers have 50 long been
wishing for. was reached to-day. amid Intense
excitement, and cash wheat went above Nl.W
Foreigners were nodcTat" buyers ia io-Ga.
stock market. and in London American s"curi-
ties exhibited 4 Hrm GGf"ftDH". j H' 'lHlf'l
shares naturally suffered the bruEt of the attack
on values. bat their extreme losses were recoN-
cred in part before the close. and no important
liquidation took place. nor in any share was
there selling by important interests. Suhstan-
tial market interests appear satisfied I" let trad
crs control the market for "A while. How long II
is impossible to say but /. would not he wise 10
bank protracted trading market. Scptem-
Der viii bring many buyers to town. Prices
often advance in September. Men who like eX-
Governor Flower. have big interests III the mar
ket say that the bull movement is only pausing.
The anthracite shares developed strength in the
afternoon. and throughout the list prices RAJ
lied the close showing considerable tendency to
resist me efforts Of reactionists. The prospects
Of he Reading company are reported bright. and
current Iuinors OF heavy gains in earnings.
come popular The company's earnings SHOW
heavy gains. Final changes to-day were sell
dom above fractions in the active list American
Tobacco. Denver and Rio GTande preferred and
St Paul being exceptions AZ losses OF per cent
and above. Burlington sold down 10 9jia, but
recovered part Of the loss and closed q per cent
lower than last night at 94'i tex-lividendl In
1881 Burlington sold AZ 1872. Its prospects ~
1891 are better than they were IN 1851 Total
sales were 1909 shares.
Prices for me last sales Of the principal aci i've
stocks today. compared with the Ira figures or
Yesterday, Nerc as follovs:
Aug 10 Aug. ~ Aug. - Aug -
Amer Spirits. II NJ Louis & Nash. 49,. 3ia 5s7.
Amor sns nj I's9. I:s Illinois Central. i"5 Ios