The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-09-15

ovnhdanoe may have resulted nom yesVorueyb
reaction. There was no news regarding any OF
the stocks referred 20, bat SUFFICIENT informsr
ton has come TO hand regarding the earn
inrn of the so-oailed Vanderbilt roads to war
rant the expecr ations Of q larger division of
profits on tho stocks Of several OF them, notably
Omaha common, for the current fiscal year. Tho
further decided advance In Concentrated Gas.
to the highest figures recorded for 1t, would
seem to confirm current reports as 70 the
proportions OF new securities that the share
holders of the Consolidated Gas Company
may receive In q general consolidation OF local
gas companies. Among the less important fea-
lures of tho market were unusually largo deal
inRs in Pullman Palace Gar, Pennsylvania Rail-
road, Laclede Gas, Erie fret preferred. Canada
Southern, Brooklyn Union Gas, and Colorado
Fuel. As In the stocks dealt In more extensively
the advance In those Just mentioned Is based
upon an improvement in earnings which have
not yet been made public. In the case OF
Pullman Palace Car larger returns are not
only being obtained from traffic, but also from
the extraordinary demands that are being mado
upon all car-buil6ing establishments for new
equipment. The coal business Of tho Colorado
Fuel Company has already begun to feel
the effects of moro prosperous times, that
enable consumers Of fuel to lay in more
liberal supplies than heretofore. Moreover.
the company. owing to the Improvement In the
iron trade, will resume the operation OF Its steel
rail plant as soon as 1t can be rehabilitated. The
widening circle Of speculation included to-day
transactions for the first time In Fort Worth
and Rio Grande stock at 17ia@19. The first
mortgage bonds of the company, the interest
upon which has been temporarily reduced
to 3 y cont. have been upon the list for
some time and sold to-day at 59%. The stock
was listed last week. Metropolitan Traction
was strong at q net advenco OF l y cent. on tho
formal action Of the stockholders dissolving tho
| company, VIII CHI Is to be succeeded by the Met
| ropolitan Street Railway Company, as previ-
| ously announced.
The most important development to-day was
. further sharp decline in sterling exchange to
figures that suggest imports Of specie In the
near future. This circumstance was responsible
to an extent for the strength Of the stock mar
ket. 1t may plausibly be said that both tho
Treasury and the banks hold such large
amounts Of gold that imports of specie at
this time are not likely to be regarded with
the sane Importance that they were on various
occasions during the last few years. On the
other hand, 1t should be observed that tho move
ment of the crops. and OF business generally,
have begun to make demands upon the liquid
capital OF the country that have raised the rates
for money materially. For this reason 1t would
not be amliss for Europe to pay a part of the
commercial Indebtedness which she has OBJ
viously begun to incur. chiefly because
OF extraordinary shipments of breadstutfs.
both present and prospective. 1t was learned
to-day that some of the banks have already be-
gun to arrange with leading drawers of eX-
change to facilitate imports of specie by supply
ing them with the funds to buy commercial bills
upon an extensive scale. AS imports of gold in
the near future are certain. very little apprc-
hension need be entertained regarding the
corrae of tho D,pDey market The closinp of the
stock market was in the main strong at frac-
tional recessions from the best prices.
Final sales compare with those of yesterday
as follows:
Sept IL. Sept. IA Sept. 10. Sent. II.
,T&SF l5s l5'4 SatLeat... al AS
A.T&sFep 4 34h Nat Lead pflo71
Am Cot oil. 231 2l2 Norf s. IVES l6L 6
Am s Ref 1855 l57 Norf & WI 43a 434
Am Ref p. 12oh 1917 n W com...l2s4 100
Am Tob.... 92 e2 y Pao com. 1872 2O'2
Am sp NJ. 49, las NPao pt,.. 54s ssh
Am sp Mp. $50 33H SY Cent...ll2ls 1891
Brook R T.. SO Ssh NJ Cent. e74 81
canada So $50 GO Omaha com IS 81
C.C,C&stL 4oh AIS Ont & W.. l7s 10
C.B&o...loO 1905 Pnc Mail. 367s 37as
Con Gas. -. .2l5Ts 22O Pull PCar..lS2 1921
Ches & o.. 5 25% Rock Island Q41s e5's
Chic Gas...loAs lo4'4 Reading. 27+ 27as
Oh C W.. l7s II Read lstpt $50 So.
DELI Hud. ll9 100 st p com...1OOs lois
DkRGpt ASH 8 So R'way.. H. liz
Erie..... ID l77s, SO R'way 36Ts 37s
Gen Elec... 37Ts 39is' StLswp. 1874 Is
Illinois Cenlos' 1857 standRsr Ia ~
Kan s. Tex. l6a l64 Texas Pac.. 1871 1872
Kan 4 T pr. O 4O4 TC.IkR.. 33h 33s
Lou L Nash 6lb 6lIICn Pac.... l9s 22s
Lake shorel76 l77' U S Rubber 49, 49,
LIE & West 20 20 L S Leath.. . 81
LEA wpf 1874 "a e. Leathp 7Oa II
Laclsde Gas 42+ i31 Wabash 80. IS S's
Mani Con. or lllh Wabash pr. 20 22'4
Mich Cent. ITO 40 W Tn TEL. e6s 90
MINI 4 stL 271s 27la 32 80
h&StL2dp 50 6STsIwkLEpf II II
Mo Pacific. 37la 3slsl
s3 SSssEn%en Rat pS@S' aa atSfe other 4 bonus "nSe stFGns
The features We're American Tobacco Scrip
BROOKLYN Rapid Transit IS. Colorado Midland
Is. lst !, p: Fort Worth and Rio Grands lists
Of Texas IS, Union Elevated lists. t. r., Unior
Pacific. Denver and Gulf lists, Wabash DDS
AAtGhison, &C G5hTfsspsaSEe or and Ohio Is Kansas ifa sad PTcihc
Pacific issues. The noteworthy. advance!
H MsSe in An ArGhiS0n T adj; IS. 4 = cent. + +;
ssh; Brooklyn Rapid Transit IS. ie. to %;
Chssapsake and OHIO ccnsol IS, !. to lI2,4
IS. ist /. D.. =. to l2I4; Fort Worth and Rio
Grande lists. y; to 593 Iron Mountain s., e, t,
t.r, l. to 1872; consols. t; r., =, to 9?i4. ant
I'D di Ts ss; e. e. r TEXAS !; t? = li2ls; !, %i ssn: 1sPsas
. P%aeIhssenersi IS. /, 70 COL; Texas Bae clSt'H ists
: 3. to 96A; Union Elevated 2ds. t. r.. l., to 50
. Union racine, DenV6r. ana Gul1 ISL. i, 10 Avn
. and Wabash DDS. l q cent. to 80.
In bank stocks three shares of Ninth Nationa
sold at 81.
Commercial price of bar silver in New York
. Soc. Bar silver in London closed at 26led
. Mexican silver dollars were quoted at 43d
. 45i2c. Exports TO Europe tomorrow. 52l.O
ounces.
Money on call, 2a2i2 9 cent. Time money is quot
ed: sixty days, 2L2a3 y cent. ninety days. Gig
= cent. and four, FIVE. six, seven, and eight months
4 y cent. on good mixed Stock Exchange cola
eral. Commercial paper firm. Prime indorse
bills receivable are quoted at 3l294 y cent
primo single names at 4 y cent, ~frst-clas
names at 4@4ia y cent, and good names at 4lat
B v cent.
= sterli g exchange was weak and decided
4 lower. Today's break in rates was due to
further increase in the supply Of commerce.
bills and an advance in tho local, money rate'
" Posted asking rates for sterling. $4.s3la for lon
= Long bills. $4.s2ag$4. 80 sight draft
a $4.s5. and cable transfers; $4:s5l3. Franc
: %5.2og5.loas for short; reichsmarks. 0iieq94'
1pTan29 LEILA fnr lnnp and Az J-1RIfInlo %