The daily morning journal and courier., 1897-09-02

stimulating effect of the sensational l advances shown by individual stocks. | Buyers were evidently possessed by a furore of speculation, and the difficulty of moving the prices of most of the leading railroad shares led to those se- curities being comparatively neglected. Stocks concerning which some favora- Die prospect was reported were chosen as the faVorites in the speculation.
 The sensation of the day was the Jump m the price of Omaha, the stock touchlng S21a in the final transaction. lhe extreme rise was 10M points and the net gain a point less. The stock was not exempt from depression which weighed on the grangers and, in fact, on most of the railway list during the early part of the day. and it sold down 1s from last nights close. By 1 o'clock It had recovered and gained over two points additional But in little more than an hour of the latter part of the day the price mounted seven points and was in the full tide of the advance when dealings ceased
 The trading was attended by great excitement, and the pauses in the ad- vance were only momentary and at Wide changes. The rise was due to peller that the stock would shortly be paced on g regular dividend basis, the size Of the dividend forming the sub Ject of the excited speculation. North west improved in sympathy, but react ca partially, while Omaha was still strongly advancing.
 Smear also ooptip,,a.l ing center of speculation during the morning and advanced three points on rumors of a distribution of surplus and or advantages to accrue from exclusion or Dutch refined sugars. Tobacco also opened nearly two points higher. but this was the highest of the day. The two stocks f1uctuated in a very cratic manner all day, but closed with a net gain of only s for Sugar and 5s for To- bacco Missouri Pacific touched 40 in the opening transactions, but fell off during the day on realizing to below last nights close
 The eoalers made some displav of during the day, especially the Reading stocks, but they succumbed to depression later. Rock Island also ad- Vanced at one time over a point above the lowest, as did Louisville and Nash Vile, but the latter declined to below yesterdays price and the former saved only fractional net gain. With these exceptions the railroad list was almost wholly given over to depression.
 The days changes are small, a large number of stocks closing unchanged, but the majority of active issues show, losses extending to 4 in Northern Pa cific preferred on its poor showing of earnings Railroad stocks that showed sharp gains were Chicago and Eastern Illinois preferred and Great Northern preferred 2, Lake Erie and Western preferred, Mobile and Ohio, St. Joe and Grand Island first preferred and St. Paul and Duluth. The industrial stocks as rule showed gains, notably in the cotton oil stocks, Sugar preferred, Gen. eral Electric, National Lead, National Starch, Leather preferred and Oregon Naviga tion
 The bond market showed some falling off in activity, the par value of bonds sold amounting to about $3,30o, 900. Prices were generally higher.
 United States new 4's registered sold tt 1261s, the highest recorded price The ''s coupon sold at 1137s to IA. Total sales S110,000.
 Rid Aska5