The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-08-23
g1rlrorlL e ConsnnorAE.
MorDAY. "a.

MONDAY. AuR. "a.
n Thedsaiines IN stocks to-day wsro nearly up
t6tha daily average Of last week. while I'd bonds
they were fully equal 10 that average. Both
dopafhfnentso Of tho Exchange continued TO re-
Aect heavy investment buying and also In
oreasinR speculative interest The aggregate
trannsctions we're not onlylarge, but they were
unusually we'll distributed. and the tone was In
tfe main strong throughout. The opening
was 90 buoyhnt that many speculative holders
t.Sste induced 20 take profits. This was
done to an extent that encouraged the
professional element TO sell the mar
sket for a reaction. The two circum-
STANCES resulted In q moderate midday decline
THAT was very nearly general. This movement
esLWan helped BY persistent selling OF Peoples
Gds and Manhattan Railway. In spite OF q
,sEaIlyat tho close both OF these stocks closed
ftaotlonally lower than on last Friday. Man
~ haitian Railway was exceptionally heavy. ata
net loss Of nearly a point. It 10 understood that
1.-The earnings Of the company continue to show
b heavy falling on a. compared with tho trafio
" returns Of aYear aRo. Tho retrograde move
u mont u. Peoples 0as was. a. IL well known,
based upon the friction between the company
and the Indiana concern which furnishes II
with natural gas.
The exceptionally strong features Of the mar
ketWare u Paul, which led the list In respect
to activity Atchison preferred. American Cot
g ton OH. Louisville and Nashville. Southern
a. Railway preferred, and Illinois Central. OF
w these. American Cotton Oil was unusually 40
tive, at o net advance Of 4 points, q movement
q which may logically be regarded as fore
,ehndowing q dividend upon tho stock this fan.
The revival Of interest In Louisville and Nash
Wills seems TO be due solely to the shifting OF
interest from stocks that have advanced
materfnlly TO those that have been COM
y paratiyeiy neglected. The advance In
Southern Railway IL amply explained By the
n, annual report Of the company, published since
q The close Of business last Friday. The Union
Pacific and Northern Pacific stocks received. a.
q for soniO time past, o good deal OF attention,
but they made only fractional progress toward
o higher level. OF the so-called low-priced
.ss stocks. Chicago Great Western was traded In
= nost extensively. and It sold at the highest
q pfi0a recorded for IL In the present movement
There was o Sensational rise In The shares Of
e the Minnesota Iron and the Illinois Steel COM
paniaB, Incidental to the announcement OF the
farms upon which the two corporations are to
be consolidated. The ftst named jumped up
,l2potnts al the opening and retained nearly
n cont. OF the maximum advance. Reactionary
.moyements other than those already noted
took place In Consolidated Gas, the Lake Erie
and Western 6tocks. Brooklyn Rapid Transit
and American Mating. It was most pro-
.,oanounCed IN tho Lake Erie and Western
stocks, which advanced Sharply ot the Close
Of, last. week on rumors which lack
confirmation that the Lake Erie and Western
. Railroads. about to be absorbed by the Clevo-
land, Cincinhhti. Chicago and 81. Louis Railway
Company. The selling Of Brooklyn Rapid
- 4Fan6i6 appeared to have been influenced
largely by the publication yesterday in o
Brooklyn newspaper OF what purported to be o
S3atateihent Of the financial condition Of the
company. but which. according to of1cial state
istmgnts. was misleading and inaccurate in many
respects.
The list Of speciRlties that received notewor-
& thy attention was q long one. It included
BROOKLYN Elevated. Chicago snd Terminal
Transit preferred. Flint and Pere Marquette
tissues. Great Northern preferred. International
Paper common. Laclede Gas. National Lead
and Oregon Navigation. all Of which closed o
point or moro higher than on Friday. Foreign
,erbitraHe houses traded both wayu to the ex-
tent Of about 10000 shares and appeared to DO
sellers on balance. although public cables from
Londun tell OF q revivinR interest there. and
more especially on the Continent. In American
shares, The closing was In the main strong.
Z rev Y6Ek Stock Ex~chanGo-sales Aug. ~.
UNITED STATES AND STATE BoNDs I'm o..
.a3o 8 ss. " ! US a. Q. 1895. I e7N
s. ~lo5AOlo6hl