The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-08-20
FINlSCIlL AND COMMERCIAL.
SATURDAY. Auo. 10.

SATURDAY. Auo. 10.
Considering the brevtty OF the session. the
transactions on the Stock Exchange to-day were
large and the stock market a. . whole continu-
cd to display strength. Not all stocks gained In
price. but By far the larger part OF them did.
The closing was decidedly firm aud for many
stocks tho final prices were the best OF the day.
Ths bank statement was reasonably satisfao-
tory. The changes from last Saturday were not
large. but such as they we're they were In the
right direction. They indicated an i'm pr ovemen
In the general condition Of the banks. There was
an increase OF 81 .007. 800 in the cash holdings.
which was made up by an increase OF 1892.
900 in specie and decrease OF 645.000
in legal tenders. The increase OF $6S6.975
In the surplus reserves was about what was
expected. The statement indicated that the
now OF money from the interior TO this centre
had not ceased as was suggested 1t might have
by reason OF tho decline In money rates. An
increase OF 81. 04S. 900 in loans was something
OF a surprise; a moderate decrease had been
looked for. This increase explained an increase
OF 81 .2S2 800 in deposits.
The reports OF railroad earnings that were
received showed that the business Of the roads
was keeping up and stimulated activity In the
railroad stocks There was an excellent demand
for st. Paul and Rock Island. which was ac-
companied by report that an increased or an
extra dividend would be paid on both stocks
this fall. The report in regard to st. Paul was
specific. 1t was said that an extra dividend OF
one per cent would be paid on this stock. Bur-
llnRton and Quincy also was bought In con-
siderable amounts. The absorption Of Atchi-
son preferred. which for some time has been
feature OF tho market. continued. Southern
Pacific. Northern Pacific and Louisville and
Nashville were other railroad stocks that wore
in liberal request. There were fair-sized deal
fnas in the steel and iron stocks.
There was n rise OF nearly points In Ten.
nessee Coal and Iron and good gain In price
was recorded for Colorado Fuel and Iron. The
stock upon which the most serious impression
was made was Brooklyn Rapid Transit. 1t
seemed to have been singled out for attack by
the bear contingent Sugar Refining. too. was
under some pressure.
As com pared with the final prices OF last Sat-
urday. the majority OF stocks are higher. The
moro important net advances are In Tennessee
Coal and Iron 3't per cent. Louisville and Nash
vile. IN: Pittsburg. Cincinnati. Chicago and
st. Louis. 6>,; Central Pacific. 81: Southern
Pacific. 5h: American Tobacco. AZ: Atchison
preferred and Baltimore and Ohio. 27s each
st. Paul. ~: Baltimore and Ohio preferred
and Kansas and Texas preferred. 2 each;
Northern Pacific and Southern Railway prefer
rad. X each; Union Pacific. M Continental
Tobacco. IL; Burlington and Quincy. l Chic
ago Great Western. y Rock Island and Mis-
souri, Pacific. = each: Chesapeake and Ohio.
New York Central and Union Pacific preferred.
per cent each. The noteworthy declines are
In Brooklyn Rapid Transit. 50 per cent.
American Sugar Refining AZ: American Steel
and Wire. ~ Metropolitan Street Railway. 2k;
Manhattan Railway. u and Federal Steel, 4
per cent.