The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-06-11
PRICES STEADILY RISE
The Largest Volume Of Trading for the
Year Was Done Yesterday.
DEALINGS WERE WELL DISTRIBUTED
Many Stoeka That HIVE Lnin Dor.
mint for n Long Time We're Called
Into Activity by Rho Awakened
Demand for Securities Among
the OntsIdc Public.

Ne" York, June 10.-The largest vol
uhe or trading on the Stock Exchange
Tor the year thus far was done to-day
Inc totai sales Of all stocks being nearly
oooocV shares. The dealings were well
distributed throughout the list. many
STOCKS that have lain dormant for a long
tlme being called into activity by the
awakened demand for securities among
the outside public. This demand was
indicated by the good commission house
buying. But there was also quite extern
slve commission house selling Of stocks,
pointing to the probability that the con-
.inued steady rise in prices has invited
the marketing Of some holdings that
nave oeen Kept back for a long turn In
me market. The marked strength OF
me market during all the early portion
OF the day was accompanied by more or
less desultory selling to take profits, but
up 70 the final hour Of the trading all
tnese offerings were absorbed without
any marked effect on the market. But
n heavy realizing movement In the final
nour wiped out large part Of the ear
!ier gam IN most securities and all or
II IN quite number. The heavy liqui-
qaaelon IN Sugar was the main factor in
breaking the market, the selling being
increased by some disappointment that
the Sugar schedule of the tariff bill ha d
not passed the Senate when trading
ciosea. and to reawakened apprehension
.lat IL might be changed in conference
lessen
the protection OH refined sugar. The re-
sult1ng weakness of Sugar was as effec-
i've IN depressing the market, In view
OF the large volume Of It's sales. as its
aggregate strength had been sustaining
Il. The response Of the London marks If
Tor Americans to Yesterdays latc
StrenSth here also gave IL strong impetus
10 the early advance. London was also
puSer mere to a moderate extent Of
az al Inc special favorites Of that market.
~ ~ .-I.,
ooli ouyinS by professional traders on
the ground that It may be for a short
turn oi:the market. and is likely to come
back here sales soon
Inc Grangcrs were actively traded in
oil daE, st. Paul leading both in volume
or transactions and in extent of the ad-
vance which reached q point It's rcac-
ION was also less than the others OF
the group, which lost practically all
thelr gain, Rock Island showing n net
loss. sugars fall from the high point
was 2asc, but Il final rally left its net
loss fractional The coalers were also
notably active and strong.
1opacco was active on manipula ton
and closed practically unchanged. The
IRON ana Stee! companies were notably
strong ana reacted only a fraction. Illi-
nois steel advancing 2,hc. minnesota
IRON. e. and Tennessee Coal and Iron.
1hc. The Vanderbilt stocks all showed
strength, Canada Southern and Nichi-
kan eehtrai gaming 1Ac. and the New
York Central. Cincinnati and st. Louis
STOCKS over a point. other gains in the
group being fractional. Northern Paci-
TIC Preferred was very active but moved
narrowly. louisville and Nashville
gained lAc. Lead Preferred advanced
points, Norfolk and Western Pre-
TERED, lAc.: St Paul ana Duluth, z
points The new securities OF the st.
Joseph and Grand Island railroad were
oehIt in for the first time, the first pre-
!erred ranging from 80 down to 37a. :
me second preferred from u TO II. and
sne ilrst mortgage bonds from cess to
%. western Union continued notably
active. advancing lie; but reacted a
point. The closing was weak, but sllsht
net gains being the rule
The total sales Of stocks to-day were
s4a.34o shares, including Tobacco, If 900:
Atchlson. 5000; Sugar. 1920: Burlington
and Quincy, 2S,300; Chicago Gas. $500:
Louisville and Nashville. 10. 200: North
ern Pacific Preferred 1890: Pacific Mail,
300: Reading, 10000: Rock Island, 1890:
st aaui. 1920; Tennessee Coal and Iron.
1,2UU: w oStprn HMM, ON