The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-09-02
ANOTHER SENSATION
The Jumping Price Of Omaha Attended
With Great Excitement.
THE EXTREME RISE WAS 1894 POINTS
Rise Wan Duo TO Belief That the stock
VIII Shortly 30 Plnced on II ReE
uIar Dividend Bnsis-augnr nnd
Tobacco Continue TO be nm Excit.
ing Centre of Specuintton.

New York. Sept. 1.-The indications
from to-day's market were that prices
generally would have suffered a mate
rial reaction had II not been for the
stimulating effect Of the sensational
advances shown by individual stocks.
Buyers were evidently possessed by a
Juror Of speculation and the difficulty
OF moving the prices Of most of the lead
Ing railroad shares led to their secur-
tiles being comparatively neglected.
Stocks concerning which some favorable
prospect was reported. but without def
Unite details and not backed by authori-
ty. were chosen as favorltes In the
speculation. Thu sensation Of the day
was the jumping price OF Omaha, the
stock touching S2K, In the final transact
tion. The extreme rise was 10X points
ana the net gain a point less. Thu
stock was not exempt f:om depression
which weighed on Tho Changers and in
fact on most Of The railway list during
the early part of the day and it sold
down II from last nights close. BY ]
o'clock it had. recovered the loss and
gained owe . points additional. But In
little more than an hour of the latter
part OF the day the price mounted sever
points and was In the full tide of the
advance when dealings ceased. The
trading was attended by great excite
ment and the pauses in the advance
were only momentary and at wIda
changes. The rise was due TO a belief
that the stock will shortly be placed on
a regular dividend basis, the size Of the
proposed dividend forming the subject
Of the excited speculation. Northwest,
which Ia In the citation OF parent prop
erty to Omaha. improved in sympathy.
but reacted partially while Omaha was
still strongly advancing. Sugar also
continued to be an exciting centre OF
speculation during the morning and i'd
vanced 3 points on rumoTs Of a distribu-
tion Of surplus and Of advantages to
accrue from exclusion of Dutch refined
sugars. Tobacco opened nearly 9 points
higher, but this was also the highest OF
the day. The two stocks 1uctuated In
a very cratic manner all day but clos
ed with q net gain of only z for sugar
and Is for tobaccI Missouri Pacific
touched 20 in the opening transactions
but fell off during the day on realizing
to below last nights close. The ~coa!ers
made some display OF strength during
the day. especially the Reading stocks,
but they succumbed to depression later.
Rock Island also advanced at one time
over a point above the lowest. as did
Louisville and Nashville, but the latter
declined below yeaterday'1 price. and
the former V only a fractional net
gain With these exceptions the rail-
road liJt was almost wholly given over
to depression. The days changes are
small, a large number OF stocks closing
unchanged. burt the majority of active
issues show losses extending to z in
Northern Pacific preferred on its poor
showing of earnings.
Th bond market showed some falling
off in activity, the par value of bonds
sold amounting to about So 800. 900.
Prices were generally higher. Y. S.
new "a registered sold ut 126Ks. the high
est recorded price. The 5s p sold
at 1l3B@114. Total sales, s1l0, 900.