New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-09-15

Of success Yesterday. but to-day they were
routed throughout their lines and were COM
PEELED TO cover extensively in the face OF good
commission house buying and strong bull scnti-
ment. 1t is a bad year for the bears, ana me!
would better give up al! Idea or breaking the
market until values become inflated and specu-
lation overreaches the bounds of safety That
situation is not in sight and from current signs
il Is long way off. At present the market is
moving in n healthful manner and upon
legitimate basis. values being adjusted to the
improvement in business and to future dividend
expansions. The fall business on the Stock EN-
change will be conducted upon conservative
lines and bear opportunities will be few and
bear successes insignificant. The volume or
business to-day was a trifle under the recent
average. hut the buying was well distributed
and prices ruled strong the greater part of the
day. London quotations came in lower at the
opening. but followed local prices in their up
ward movement, arbtrage houses selling, now
ever, more stocks than they bought After a
few early declines prices advanced throughout
the list, with especial strength in the Grangers--
Northwest reaching 1907, and Omaha So
Northern Pacific preferred. New-York Central,
Sugar Refining, General Electric and Consoi-
dated Gas. Advances of ! per cent and above
were made, and reactions at the close, owing 10
an advance in call money 10 2l2 per cent were
not important. jersey Central and Reading
issues were among the few stocks which closed
al small losses -
Wheat exports In August amounted to 14.24G.-
4O3 bushels against 6G93 O0i bushels in 1875, or
an increase Of 7J53399 bushels. The value or
wheat exports in August, 1916. was S4'l i"i'
crease Of SS919 1853 The farmers may well feel
happy. The total value OF breadstuffs exported
in August S25jO2o32 against Sl4,4ll,io'
in the same time year ago. Cotton exports
were smaller on account Of the backwardness OF
the crop, but in all other items OF domestic eX-
port including breadstuffs, mineral oils ana pro
visions, there an increase over August, lo"o'
and for the eight months of the calendar year
the increase in value over the same PERIOD III
1896 500, 600. No wondc' that foreign
bankers want to sell securities In order 10 pre-
vent gold exports to this country. In EeSler-
days market, however, large purchases OF STOCKS
were made for the foreign account ana TINS
with an increasing supply Of commercial DIS
caused renewed weakness in the foreign eN-
change market again to-day. Now that tPe de-
mand for money from the interior is growing
more urgent. local bankers are not opposed To
gold import movement, but the extent or the
movement will be governed by money market
requirements rather than by the trade SITUATION
for it is likely that considerable part or the
foreign Indebtedness will be settled in the spring
when remittances are usually due from mere un,
less the situation this fall demands heavier goid
imports than are now expected. Inc io'al
money market was frmcr to-day. ana rates III
the London market hardened.
Prices for the last sales of the prlncipal actNr
stocks to-day. compared with the final hgures Oh
Yesterday were as follows: