Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-09-01
London Selling Failed to Influence
Stock Market Materially.
OMAHA GOES up ten PER CENT
American Sugar Also Reaches New
High Level Today.
GENERAL MARKET REPORTS
Special Dispatch to TIE Evening star.

Special Dispatch to TIE Evening Star.
NEW YORK, September 1.-The course
or prices In the security market continues
TO indicate confidence In the prospects for
protraoted prosperity. Tine bpyirg by COM
mission houses continues. and sales except
in the interest of profit-taking, are not
significant.
London bought moderate amounts OF
Reading, Atchison and Nashville, and sold
st. Paul on balance. Investors in the for
eign market are displaying unmistakaEle
signs of opposition to the efforts of the
press to belittle the recovery in values
throughout the United States.
Fortunately. however. the attitude Of
the foreign market is of less concern To-
cally than before in the history OF
this country. Ability to absorb foreign
holdings is no longer predetermined and IL
Europe will continue the purchase of bread
stuffs her attitude on stocks will not cause
serious apprehension.
Lower prices from London have been the
rule during the period of the greatest adj
vancss in domestic securities. Local con-
ditions have improved to the extent of
ceiving almost unanimous Endorsement at
home, and thus far I'm the advance the
necessity OF outside help has not been en-
countered. Today. as heretofore, lower
pIlcts III lsoisuOn were ignored and mOaGr-
ate advanoes recorded during the first
hour.
the weather indications In the west were
slightly improved, and new buying of the
granger issues became conspicuous in con-
sequence.
The future of the days development i'm
this group of securities was an advance
OF 1-2 per cent i'm Omaha. The buying
OF this property was attributed largely TO
the west. whore surface indications OF ex-
eeptional prosperity most pronounced.
The more familiar members of this group
were strong in sympathy, the buying of
ieock island up TO new high level being
particularly significant. The failure to an
nounce Burlington's July earnings and mod
crate selling of St Paul prevented material
advance In these shares.
Missouri Pacific forced up to ~ ut.r-
Ing the morning and Pacific Mail closed 81
on buying by the interests identified
pecially with the ow-priced issues.
Tennessee Coal and Iron attracted some
new buying in consequence OF the loading
of the first consignment of the company
product for Mexican ports.
The trade prospects with Mexico are
thought to be extremely encourag ing 20
this corporation.
The sale of s2,ooo.Oo0 Northern Pacif. ;
per cent bonds at 90 and interest was an
nounced during the afternoon the transac-
ton completing the sales by the syndicate
holding these securities.
The preferred stock of the company con-
tinues to attract attention by reason of
us stta"s dDsofplioh al current prices
The forthcoming decision on the Canadian
railroads differential. IL is thought will
be especially beneficial to this company.
Pscfic Mail is another Of me directly in
terested parties.
American Sugar was forced up 3 per
cent during the day on the same kind of
buying that noted yesterday. TIE extra
dividend and the covering of shorts are
the two factors now being employed for
the purpose of advancing the price. The
entire industrial list was given good snp
port.
The closing hour was irregular. hut in the
main fractionally above the low level of
the forenoon.