New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-09-02

fuence. and entirely Overshadowed by
heavy commission-house buying. London may
sell stocks in this market but the fact remains
that the trade balance Is approaching a point
where London will soon be heavy debtor in
our money market. If the gold is needed it
viii come whether London approves II or not.
AZ present there Is no need OF gold movement
this way
In the little time which is left before the crops
Will all be gathered and speculation regarding
their final yield al an end the bear element is
doing its best to depress the shares Of the
Cranger roads by various and fast multiplying
sensational and untrue reports of crop condi-
tons Its success. however. is small. With the
exception Of the principal Granger stocks prices
opened higher to-day. and. a rule, closed
higher. although frequent and heavy realizing
sales caused irreguarity throughout and pre-
vented final gains. when made. from showing
the maximum advances Of the early trading.
The feature OF the day was Omaha, which In the
last hour OF business jumped up ten points
above its closing last night report that the
road had been taken by the Chicago and North
western on lease guaranteeing Omaha per
cent Il was recently reported IN certain cir
ces that the vanderbn,s had sold their holdings
Of Northwest. and were gathering in all the
Omaha stock available; ard another report
stated that they were exchanging their North
west holdings for Omaha at the rate or two OF
Northwest FOR three Of Omaha The Northwest
ern owns 100000 Of the stock Of the Omaha
company. The stock closed at - for actua!
sales and 50 bid and S2i, asked. The bear ele-
crop conditions. and pointed 10 rapid advance
In wheat evidence of failing crops although
forgetting to draw attention 10 the price OF
corn. which reflected none Of the damage re-
ported from Chicago. Corn has yet 10 enjoy me
advance in price which excessive foreign DE-
mand will warrant. The volume OF business IN
stocks again large and we'll distributed
with the heaviest transactions In sugar tenh-
Ing. American Tobacco. the Granger shareS'
Louisville and Nashville. Missouri PACING, "a
ciic Mail Tennessee Coal, Western Union, Read-
ing issues and Northern Pacific preferred MIS-
souri, Pacific Of the most active STOCKS
in the railroad list. advancing TO ~. but losing
its gain on realizing sales. and closing az net
loss OF u per cent Sugar Refining ana AMER
can Tobacco continued under manipulation al
higher prices General Electric was stro'!
feature and reflected some good buying haSed
upon expectations of the company helne
heavy sharer in Industrial revival LoW-priced
stocks as a rule were the chief active features
Recessions in the Granger group were only ifaC-
tlonal, and in Rock Island and Burlington sinalI
net gains were recorded. Sentiment was very
bulIish at the close. 1t officially announced
today that the Northern Pacific reorganization
syndicate had sold a large block OF Northern
Pacific general lien SIS, which practically cleared
I'D the syndicate holdings Of the bonds.
Prices for the last sales Of the principal active
stocks today compared with the final hgures
of Yesterday were as follows: