Birmingham state herald. (Birmingham, Ala.) 1895-1897, 1897-07-18
RIORDAN & co.
InWal Street.

New York, July 17.-Dealings on the
stock exchange werein fairly large num-
bers. Liquidation in Sugar worked a
sympathetic reaction in the market for
short time, but the advance was re-
suned before the close of buying 20 cover,
and the last prices in many cases were
the best. The grangers were notably
strong, as being likely to derive the most
immediate benefit from the promised
abundance of the crops. st. Paul, Rock
island and Northwest and Omaha all
touched the highest point in the present
movement, and st. Paul and Omaha
closed ait the top, the former leading the
market in point of activity. Sugar was
sold pretty steadily all day, though not
u nder seyeserpesuerr NIB NIB NIB NIB BIN
under severe pressure and not on violent
fluctuations, the traders having finally
come to the conclusion that the sttua-
ton in the conference committee was real
ly still TO be adjusted. 1t was not until
alter the market had closed that the news
of the agreement of the republican men,
bcrs was received and the belief that in
definite delay was likely to occur was
prevalent l.. & N. was a prevailing fea-
ture in the trading, and was bought for
London account, and. as we'll as the coal
stock, continued to show strength under
the same conditions that have affected
them all the week. New Jersey Central
gained a point, and closed at SS, the top
price, and the highest it has sold ait since
carly in the year. The break in the wheat
market on reports of continental selling
was not without it's effect on values in
the stock marker and contributed to the
reaction. Tobacco was keenly affected
by the reactionary tendency and, to-
ge1her with Sugar, closed with net loss
of a large fraction. Lake Erie and West
ern preferred also closed point lower.
The railroad bond market was very ac-
tive and. also strong, sharp gains being
shown by some of the speculative issues.
Tho total sales Of stocks for the day were
i22,4S0 shares. irgclutbing L. ~ NJ, 5,s2S:
Rock Island. 7,445; st. Paul. IS. S92; Amer
lean Tobacco. 1850; Sugar 1858.
The steady advance by slow stages this
week should crafty such speculators as
may hope to make she securities ON the
anticipated result when the business OF
the country has settled down after ascer-
taIrdng definitely the nature Of pending
.ygislalinI,. OF course, these expected
rises are o1,en s5ortive, being stunted
by realization on paper profits. But at
current high qnotations bu. little lianda-
ton has ma .erialized. This weeks most
noteworthy incident was the rare combl-
nation OF u,e extraordinary advance in
whes*; and at the same time most favor
able crop advices. Apparently trust
wo:thy foreign adviccs Indicate diversi.
lied shortage Of crops that promises re-
niuner2ltive returns for both wheat crops.
The gsaagcrs. which will benefit largely
L,' Ais state Of affairs, were uniformly
strong. The fiscal years exports reached
-unDrecct.cnted figures and attained an
a.icq1alled excess over imports, regard
lass OF enormous imports anticipatory ON
account Cd. the new tariff law The an
thracate roads were STRONG on the vacat-
ing or she order for an inquiry into the