The evening times., 1899-08-28

SUldll GEdlllSS anu uSSlldAIOA NSiS NAS
characteristics OF the market this morn
ing There was much strength in the list
generally, rs far as the level OF prices was
concerned, but both buyers and sci ers
seemed TO hesitate as TO new ventures.
The feeling however, is undoubtedly more
hopeful than for some time past, and il
seems probable that before the week is
well started an advance may be begun.
Some anxiety is expressed regarding the
Transvaal situation, but ii cannot be
doubted that the result of an actual out
break, if such an unlikely thing is to come
10 pass, would be beneficial TO this coun-
try financially. News generally is all fav-
orable. The experts are all swinging
around TO the acknowledgment that the
wheat and corn crops will be tremendous.
The wheat yield Will be between 525, ,000,-
900 and 550,O00000 bushels, which, with
the surplus from last year, 136, 000, GOO,
will be equal TO more wheat than was con-
stunned and exported last year. What more
could be desired? The corn yield will
probably be 2,256, GOO GOO bushels. The
prices of Pig iron are still advancing, and
with them the prices of steel, and the fur
naces and factories are getting further
and further behind their orders. Rail
way earnings continue TO increase.
The market was well-nigh featureless
iGlAIB lnG GdlEg AlODll6 anu
Ohio. which has been spoken OF recently
in this column as likely TO have an ad-
vance, was active and buoyant, reaching
b1 IL during the first hour. The sto is
very little traded in usually and its recent
sudden burst of activity has attracted at
tention.
Tobacco which seemed inclined on Sat
urday TO decline, was again buoyant under
ha inf If b,,,-
The grangers were a trife up from the
closing level OF Saturday. 1t seems quite
probable that the next upward movement
may begin with this group, in view of the
excellent crop outlook and the certainty
that they viii have an immense business
during the coming year. The Atchison
statement for the month of July received
the careful attention of market people, and
there was a general disposition to consid-
er IL a superlatiVely good one, although the
largest predictions regarding the net earn
ings for the month were not fulfilled. The
gain. however, is such that if il We're near
ly kept up during the entire year there
could be no doubt of per cent dividends
on the preferred stock.
II is stated that there will be a meeting
of the directors of the Colorado Fuel and
Iron Company on September 25 to consid-
er the proposition to increase the capital
stock S12 ,000, 900. The rumors regarding
the matter were not well received in the
Street this morning, and the stock contin-
ued decline begun last week. Tennessee
Coal and Iron was fairly strong.
1t is said that negotiations have been
closed for the sale of the preferred stock
of the Oregon Navigation Company, now
held by the Northern Pacific to syndi-
cate representing the Union Pacific. Cos
sip regarding the Union Pacific securities
IS most optimistic. One tip this morning
WAS that the preferred stock will go to S.
D few days.
Pan Handle was strong this morning as
At usually is on Mondays, after the big
advertisements OF the clique that is boom
tng the stock.
Missouri Pacific was one of the active
securities. Tips are out that the stock
will have good advance in the near fu-
ture.
Western Union was somewhat weak
again.
The Washington Stock Exchange.