The age-herald., 1899-08-25
T'aIbott X, PeJmer's Stock Letter

By Private Wire from the New York Sun.
 New York, August 2.-There was a very animated speculation in securities today and the tone of the general market. while in the main firm, was not altogether want ing in feverishness The dealings in the market evidently reflected lage operations for both accounts on both sides of the mar ket that is to say, that the realization Of profits was apparent in large volume, and operations for the short account could be detected throughout the market. On the other hand commission houses, for the most part, were large buyers of stocks and in certain quarters of the market active bull manipulation was plain The result of these conflicting operations was to give to the market at all times the appearance of some irregularity. At the opening of business substantial advances were com- mon throughout the list. The initial ad- vance was recovered. partly from the London market which was strong Foreign houses subsequently, traded very heavily in this market but on balance the operations were comparatively small. A conspicuous exception to the general tendency of the market in the early dealings was Tennes- see Coal and Iron which broke very sharp ly Holders of the stock were doubtless dsconcerted by the showing which the company made for the month of July, an increase in earnings which fell well below expectations. It is understood, however.
  of the months earnings into the physical property, which would account for the compara lively small increase in net re- turns Dealings in the industrialS quarter were in large volume,~but the movements there did not overshadow or particularly affect the market apart from these stocks. Sugar American and Continental Tobacco and Anaconda were the conspicuous f. ures of the group The movements in the industrials were, like those in the general market, marked by a great deal of irregu- larity and the transactions there resulted in some wide fluctuations, which were not apparently attributable to any other than purely technical causes. The market closed very steady but irregular.
 Talbott S Fathers Grain Letter
 By Private Wire from Ware & Leland.
 Chicago, August A-Wheat: Liverpool closed Id higher; London firm; Paris wheat unchanged Antwerp unchanged; Berlin $ lower Aside from rains at Duluth. St. Paul and Lacrosse, northwest conditions were more favorable and better weather Is indicated. Price Current made an estimate of winter wheat crop of 25O,0OOOO0 bushels, which was afterwards corrected to 275,- 000, GOO, and now estimates total crop at 5a5, GOO 0OO It is we'll enough to say that all of the preliminary estimates which have been made so far will no doubt have to pe put down materially, as compared with the early authority, viz: the government There was a good sized cash business transacted yesterday, 10000 reported sold here today, but no doubt there has been more Baltimore reported 10000 sold to France We hear of fifty loads worked al New York, but can only confirm twenty five. private crop expert who Is travel ing in the northwest reports more satisfac- tory and improving conditions as regards North Dakota. The market has been very irregular, strong and weak by turns ana closed easy. The revised Price Current es- innate was responsible for the early strength, but its correction and the liberal selling on northwest advices changed local sentiment. The bear party are very ag- gressive and may bring about lower prices tomorrow. As has been the case all the week, it has been an in and out market, and may so continue until after placing September deliveries.
 Corn has held up we'll on covering by shorts, but has not shown much animal tion It is possible that late planted corn on which liberal estimates have been placed may be cut down somewhat in Kansas and Nebraska.
 Oats remained firm.
 Provisions: Hogs were lower. Liverpool unchanged. Shipments of lard. 1.2S5. .0C0: meats. 2,6i0OO0 pounds. The high price of fresh meats Is increasing demand for salt and pckled meats, and 1t must soon exert an effect on values. Packers have been good buyers today and there is strong undertone in the market.