Omaha daily bee., 1897-07-24
STOCKS AND BONDS.
burlington and other Hen
CIT from PrOSnrctiNC E~nrninEs.

NEW YORK, July 23.-Discussion as to the
probability Of increased earnings benefited Bur
lington 2s per cent and all grangrrs to the ex-
tent of an average os ! per cent rise, although
wheat suffered ans approximate decrease of .
cents. 1t was argued, however, that when the
farmers were enriched by the good prices en-
pected for their products they would spend "A
portion of the proceeds and that transportation
channels would be4 benefited by q. heavy return
traffic. as well as a large grain tonnage to meet
the demands of tIuIope and South America.
While their notifies are hardly disinterrsted.
some bulls lillened present conditions with those
pertaining seventeen years back, and would have
it believed that the boom OF lSSO-Sl may be
duplicated in 1897 9S. Eondon bought some 20 Oo
shares, against 1900 sold yesterday. These pur-
chas"s may have been due to the fact that to-
ers there will have until Monday to cover OF
carry over stocks into the new account. The
first of next week viii disclose London's true
speculative position, Showing whether recent
transactions there have been short sales Of
Americans or liqqidattpns by professionals as
British adviCes ARD that the public for the FIRST
time in some time. iSI beuoming Interested in
American securities. al Traders here rather ig-
nored the engagement Of $1,000. GEO gold for cx-
port, as it vas more than balanced when re-
ceipts of the precious metal from the Klondyka
region and impending imports of gold from
Australia to discharge obligations for American
grain imported became known. The customary
end of the week profit taking sales were Offset
by foreign and commission house buying. Fore
shadowing decided shrinkage in imports in the
enactment of the tariff bill the weekly imports
decreased for the week a third of a million, be-
ing the smallest amount in years. Sugar fell
off Is per cent only on an effort to have it an
ltdI lltA 'H' F'~A h't '' "''i' -
protected the company and that the company
was to experience increased competition. The
dieting that insiders would increase prices after
the tariff became a law. subsequently Sugar
lost a half point on its previous gain. The fact
! that the company had advanced the price Of soft
! refined sugar may have some effect in the 2i-
the preferred, Southwestern railroads on in.
creasel daily earnings We're In brisk demand
some shares, which fEmrSd IN the rro 5ctGmt I IN.
Guiding Chicago Great Western and ChIcaR(
Gas. Tobacco was benefited to, the extent OF
~. per cent for the common ana ! per cent lol
the scrip by the refusal of New York state
executive to call an extraordinary term of the
criminal branch Of the supreme court TO retry
the Tobacco case. General Electric SUSTAINED
a loss on an adverse legal decision concern
ing the trolley arm patent. part or winch }
subsequently recovered on statements by ollciAN
OF the company that the decision was or NJ
consequence, leaving the net loss fractional
that replacing its s4, OC0,Oo extension and col
iataral "a on a lower basis was in contcmpla
Ian and on the assumption that the dividcn'
ratio might he restored to ( per cent, as 1t wa
the first road to reduce its dividend on the re-
'S The prinoipai gains of l per cent or more no
higher than enumerated We're: C"rSoIlhatei HLT
ferred, . per cent: Norris * Essex, "a per Geut
Adams Express, nrookIyn lni@n Gas, re, INK it@!,
and md United states Express. Trading in bond
continued considerable and further sulstIAlii
development continued in several issues; i'eaI
ers for continental account conlpilSeu tne mn
priced liens. Government BONDS were strong o.
liglt transactions, ~,
The Evening Posts London financial cable
gram says: THE stock markets were 4ulet 70
day in view Of the holiday tomorrow. N'yertnG
less more public interest was shown IN Amer
cans today tlan for some time past. l+arS
lines of Chosapeakes were bought mere. IN
selling this afternoon in New York slightly da,l
aged the markets here, which closed under IN
best. Insurance companies here continue J." az
sorL a good class Of American bonds. emilia
hords were nat. The Paris and Berlin market
were steady
The following were the closing quotations o
the leading stocks Of the New York eNchang