Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-08-31
Better Feeling on London Exchange
Over Peace Prospect.
new YORK MARKET LISTLESS
Bears Already Predicting an Un-
favorable Bank Statement.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK. August 3l.-The more pa
c;fic prospect in the Transvaal had a bene-
fetal influence on the foreign markets this
morning and encouraged a moderate de-
mand about the room. Advances almost in
variably attracted sales and the broaden
ing tendency much to be desired failed
to materialiZe. Already rumors of an I'M
favorable bank statement are being en-
ployed against prices. but 1t Is too early to
get any positive information on this point
Earnings came in fully up to expectation
an increase of $4,000 in Burlngton's net
for July being. perhaps. the most note
worthy. Union Pacific and Oregon Short
Line reported Increases of substantial size
Increased earnings have dropped into the
commonplace at the stock exchange be-
cause Of their recent regularity. They are
carefully noted, however, in the more con-
sentative circles and will be made the
background for higher prices later on.
The Granger shares have a prosperous
season ahead and if they are not equal to
the task Of leading the market into greater
activity and toward a higher level there
is small hope for Improvement. The end
OF the vacation season will soon determine
this point. The low-priced issues continue
to be irregular, and auctuate idly around
their recent average level.
The Traction stocks and the industrial
department are attracting the bulk OF the
attention just now. The declaration OF the
1a per cent dividend on the preferred
shares CT Continental Tobacco was an
nounced during the day, the recent rise in
that stock having discounted the action.
The common shares sold off under miscel-
laneous selling, the dividend on the pre-
ferred shares giving little indication of a
probable dividend on the common.
The doubtful dividend prospect for liner
national Paper was the occasion of further
selling, the price declining 31a per cent
without attracting support. At the low
level some rather perfunctory buying came
III. but th=re is no Disgusting the disap-
pointment among shareholders who were
led to believe that the company would
only have inaugurated dividends on the
common stock because of the certainty Of
maintaining them.
The long-deferred listing of the Ameri-
can Steel and Wire shares was today Off
cialiy accomplished. s4o,ooooo0 preferred
stock and SJ0,00a,oO0 common being admit
ted to the regular list. The promise to
have these shares listed inspires hope in
the keeping of few other promises made
in connection with dividends and the like
Consolidated Gas was advanced 10 per
cent under a mixed demand inspired by the
prospects of restored harmony among the
rival companies. In the Traction shares
Flower brokers were said to have regained
control of Brooklyn Rapid Transit. and
would make good the predictions of fore
ing out the short interest. Manhattan was
neither active nor strong, but it was said
that the company was certain to come I'M
der Metropolitan domino ton, as the result
OF recent heavy purchases by prominent
interests in the last named road. During
the coming month something of d positive
and conclusive nature is expected on this
point.