The daily morning journal and courier., 1897-08-13
Etmamctnl.
Stock Market Continues StrOng-The Vol
 ume of Business Very Heavy.

New York, Aug. 12.--The volume of dealings on the stock exchange came near the high water mark of last Mon- day, transactions footing up 749,O00 shares on Monday. It was rampant bull market all through, and the most striking feature of 1t was the assured touch with which a number of long buried and almost forgotten stocks were brought out to the light of day and a very noticeable degree of animation in- stilled into them.
 The days buying in fact stirred up the very dregs and sediment of the stock market and set them to spinning in the whirlpool of speculation. No more striking exhibition could be given of the all embracing character of the speculative spirit which has pervaded Wall street than the nature of to-day's market.
 The opening showed the lively spec ulation in Union Pacific still unabated, with no special news to account for it. The price jumped to 14M as compared Nilu ldol lll5Al tiOoC oLf i2T2 III lilC first few minutes of trading, but did not hold at the high point owing to the very lively selling for London account. Sales were nearly 55,000 shares and were only slightly exceeded by those of Sugar.
 The excitement in the wheat market accompanying the continued rise in | wheat was still the predominant fac tor in the stock market as well and helped to carry up most of the grain | carrying roads point or over. There | was renewal of activity in the high priced industrials, notably Sugar. To- | bacco and Chicago Gas. These stocks made sharp rises at one time during the day, Sugar touching new high price record at 1489s, but all suffered keenly from reaction and were an ad- verse influence in the market. Statements of railway earnings con tinued favorable, notably Louisville and Nashville, which showed an increase in earnings for the first week in August of $1S,614, Chesapeake and Ohio with an increase of $42, 325 and Southern with an
 increase of s33449 All of these stocks enjoyed special benefit from these ! statements as we'll as the benefit to the general improvement of values. Lon | don continued to sell stocks here and to | be ignored in the effect Sterling ex- change, and more notably continental l exchange, continued to show weak ness and to go lower
 The following are some of the sig nificant changes in the days trading: | Ia, ,oI o5
 Brunswick Mining company rose from 1ss to PA, Colorado Coal and Iron de-
 velopment company from to 5; Balti-
 more and Ohio from IA to 1B, Balti-
 more and Ohio Southwestern preferred
 from 5A to 61a, Hooking Valley from
 31a to 4B, Central Pacific from 11s to l 1%, Linseed Oil from 151s to 19, North
 American from 51A to 6 on sales of Ill., 900 shares, Quick Silver preferred from
 8 to 101@, Union Pacific, Denver and
 Gulf from 4as to "A on sales of over 15,-
 900 shares, Wheeling and Lake Erie
 from 1A to 25s on sales of 18,000 shares, | and so on with other neglected low | priced shares in a less noteworthy de-
 gree. Net gains were the rule in the active list though the number of prom
 inent stocks in which the gains attain
 cd point is small.
 Many less active stocks show larger
 gains extending up to 6% in Starch sec
 ond preferred. There were fractional | losses in Tobacco, Tobacco preferred, | Brooklyn Transit, Chicago Great Vest ern, New York Central, Omaha, Ten
 nessee Coal and the Leather shares.
 Illinois Steel declinel points. l Transactions in bonds embraced an
 unusual variety of issues with the up-
 ward movement, which has so long
 dominated the speculation unimpeded | The purchases for continental account 1 were very large and included the lead ing investment and speculative issues l Gains of a point or so were numerous 1 with bull sentiment very pronounced
 at the close. The aggregate sales were $4,000, 900.
 l Governments held firm on purchases of 1000.
 | Following are the closing prices re- ported by Prince & Whitely, bankers
 and brokers, 16 Broadway, New York,
 and 15 Center street, New Haven: