The times., 1899-08-29

prices were reached by Them. London
bought the common stock and the price
went up TO l6 IL, the highest price in
several months.
Omaha has been one of the mysteries O
I the recent market with a steady adyancs
| seemingly far above its relative level
compared with other railway securities
Yesterday it spurted three points or more
reaching new high price. Chicago and
| Northwest was also one of the active and
! buoyant railway securities, getting as fIiga
as l65 5-S, and closing atH165, with two
| points advance. The stock went to 1e6 in
| last March but has not since that time
| been as high as it was yesterday Other
| Vanderbilt issues were bought and ad-
vanced, though not so rapidly as these
| two. New York Central closed afsl3g. with
a fractional net gain. TherUnion Pacifies
were buoyant in the morning trading. but
sold of later in the day. gsf
! Mr.. Flower and his party bought Fed
eral Steel preferred and advanced IL
| point The common stock was rs high as
90 at one time during the day, but closed
at SO IA, with only a fractional net gain
American Steel and Wire common was
taken up early in the day by insiders and
| the commission houses on the report that
the securities of the company uwouId be
AiSlCnr ny INT StJGha tALAtttfkG yesterday.
II is understood that the. officers o. tho
company were before the committee hay-
ing the matter in charge in the afternoon.
i but no announcement was made By the
, committee during the session Of the ex-
change, and the stock sold on from its
high price, So rs, to 81 81 II the action
Of the stock exchange is favorable 10 the
American Steel and Wire people and even
II no action is taken at this time 1t is be-
-iieyed by many that the steel and iron Sc
eurities may be taken up this week.
Ii seems not to be doubted by the bulls
that all of these securities Will advance
to much higher prices in the near future
ON account OF the unexampled prosperity
Of the trade.
Tennessee Coal and Iron and Colorado
Fuel and Iron were both somewhat weak
The latter stock went off quickly in the
morning on report that the directors
will soon consider the proposition to in
crease the capital stock of the company
12,000,000.
Sugar holds its own in remarkable
way for the stock of a company that has
entered into rate cutting war to the
death, such as the street seems to believe
the sugar war Will be this time. The price
OF the stock advanced two points yester-
a full point net advance.
Consolidated Gas made no new high
price level yesterday, but it also was very
strong, getting as high as 1Se 1-2. and
closing at 1S5 Ia
The New York traction securities wsya
inactive. but all made fair gains Metro
poiitan getting as high as 2091-2, the clos
ing price.
Mobile and Ohio, which has been spoken
OF favorably in this column several times
recently, was active and buoyant again
yesterday morning.
Tne grangers were strong during the
greater part of the day, and all closed
with net gains, except Atchison preferred.
which went off fractionally on account of
Lohdon selling. The Atchison statement
Tor the month of July, while a brilliant
one, was the cause of some realizing bv
people who had bought at lower prices in
expectation of it. The price of WHEAT
ana OF September corn went off rather
sharply during the day on what seemed
to be reliable dispatches from the West
placing both crops at higher figures than
nave been generally expected. September
wheat sold at the close at 10 cents and
december at 72 cents September corn
sold at 81 cents. 1t is said that the wheat
crop Is largely harvested and that there
can now be no question that it will ag- |
gregate between 525, 600, 600 and $50 OO0. .00o i
bushels. AT the lower Of these figures the |
crop viii be the third largest In the his |
tory OF the country and much Saboye the |
average. This situation is very far from |
tnat pictured by the bears few weeks |
ago, when nothing better than a crop fall |
ure was predicted. This wheat crop. with |
the surplus of something, like 126 600 900 |
bushels. will give the country to export |
quite as much wheat as il had last wear. |
I he corn crop will probably be {. .25O 900 600 I
bushels fa
The only feature of the local stock mar
ket is the continued advance of Mergen- |