The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-09-01
Etnanc,al.
- =
The Stock Market.

| New York, Aug. 31.-There were
| many items in to-day's news which ia
| vored an advance in the prices of secu-
rites. They were apparently effective
early in the day but the gains, except
y the few individual cases, were pretty
much wiped out before the close of the
market. The improvement in the tone
of speculative markets abroad gave an
upward impulse to prices at the open
ing. London bought quite freely OF a
group of favorites among the interna-
| tionals. The buying from this source is
attributed to the operations of a promi-
nent New York operator making Holt
day sojourn in London. After the or
ders for London account had been ex-
ecuted in this market the railroad
stocks fell somewhat into the back
ground and the ndustrials We're brought
forward. The leaders of the group, es-
pecially the Tobaccos We're under rath-
err severe pressure and showed sharp de-
clines Later there was some improve
ment on the strength Of the strong
showing made by several railroads in
lington was the leader with an increase
in surplus after charges of over $780, 600
The statements for the same period of
the Pennsylvania, Louisville and Nash
vile, Union Pacific and Lehigh Valley
all showed strikingly prosperous con-
ditions. The Central of Georgia Rail-
road formed marked contrast with
decline in net earnings of nearly $4,000,
compared. with July of last year. The
publication of these statements gave
some firmness to the railroads for a
time, Lackawanna was marked up on
the settlement of the dispute with the
engineers and there was some strength
in the other coalers. Meantime the
short interest in Consolidated Gas
showed signs of distress and marked up
the stock 1-2 ex-dividend. The bears
were inclined to cover in other indus
trials but realizing in Continental To-
bacco preferred on the declarat ton of
the first dividend caused them to de-
cline again. There was continued strength
In the Republic Steel stcoks but the prom
isng movement in Federal Steel late yes
.rdny was promptly met by realizing this
morning and the stocks of that company
were heavy all day, The Chicago and East
ern Illinois stocks showed individual
strength and the common gained 51s ana
the preferred AZ. Colorado Midland pre-
ferred and Rio Grande Western common and
preferred were strong. The persistent heav-
mess of the market and the marking up of
call loans prompted a general selling move.
ment III the last hour which carried off
prices to the low point of the day There
was slight hardening in railroads. but the
industrals were attacked again in the final
dealings. The scarcity of money was at
tributed to preparations for the regular
monthly settlements. But the New York
banks continue to loan cash to the sub-treas-
airy account of customs and internal revenue
and there is balance of ship
ments to the interior over receipts New
York exchange at the principal interior
points continues at a discount Money con
ditions abroad apparently continue to grow
easier. Exchange both on London and Par
is receded fraction in New York to-day.
The bond market was rather quiet and
changes were small and irregular Total
sales, par value, So, 800, 600
United States government bonds were I'M
changed on bid quotations.
AEn iOHh STOGh MtHKEr
Opening, Highest, Lowest Quotations
On the New York Stock Exchange, reported