The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-06-24
DEALINGS WERE LARGE
Another Day Of Marked Strength and
Many Ups and Downs.
CONFIDENCE IN THE BUSINESS OUTLOOK
The Changers We're All in Keen De.
mnnd aud Showed Substantial
Gain on the Day-SuEnr and Chi
cRgO Gas We're Under Pressure ut
Different Times During the Day.

New York, June 23.-To-day was an
other day OF marked strength In the
market for stocks. the dealings being
large and the buying demand keen. so
that the tendency Of prices was strongly
upward. There were ups and downs
during the day, the latter on profit talk
Ing for the most part but the close Of
the days trading found prices general
!y above last nights close. The outside
interest In the market shows large In
crease and commission houses report
2 great accession Of orders Of specula-
i've character following the solid In
vestment buying that has been going on
LOT some time. and which to-day's de-
Yelopments Indicate Is still going on.
The buying was almost wholly a result
OF the confidence In the general outlook
Tor business. There was little news &C
companying the upward movement Of
prices and therefore little to record be-
yond the mere changes In prices. Good
buying continued in Northwest but the
price Of other stocks by sympathy
about as much as itself. The Changers
were all In keen demand and showed
substantial gain on the day. The same
was true Of all Western and Southwest
ern railroad properties where the crops
promise to be abundant and bring bust
ness Improvement all through those Sec
tons. Sugar and Chicago Gas were
both under pressure at different times
during the day and held back the mar
ket When those two stocks came into
harmony with the market and moved
upward, the highest prices OF the day
We're recorded for many stocks. The
strength in the coalers developed after
noon, and the movement in the group
became strong and aggressive and the
dealings quite animated. The rate at
which prices rose was an indication
That there Is not a large quantity Of
these stocks except Reading floating
IN the market. Sharp advances in some
or the high priced investment stocks
were a feature-New York, Lackawan-
ma and Western jumping 31A on the sale
OF 100 shares. The volume OF dealings
was large, but Sugar. ST. Paul, Chica-
go Gas. Burlington. Reading, and To
6acco absorbed half the total sales. st.
Paul at S0A, touched the highest price
since the panic Of 1893. The announce
ment OF an additional shipment Of $780,
0OO IN gold by to-morrow's steamer only
alrected the market for a brief time
The gains in the coalers extended to ~.
Tor Delaware and Hudson; pa for New
Jersey central; for Lackawanna, and
~. Tor Reading first preferred. Sus-
quehanna and Western lost a fraction.
iooacco Jumped to II, and reacted IA,
While the preferred stock gained assim-
lar amount and held It, Other gains
We're: Pullman. ., and Iowa Central.
Lake Erie and Western. do. preferred,
Lead preferred. Consolidated Ice and do
preferred. gained a point or over. Col.
orado fuel lost 1h. Sugar moved over a
range Of rs. but closed off nthe day.
The total sale of stocks to-day was 270.-
$50 shares. including Tobacco. 10000:
sugar, 200; Burlington. 22.So0: Chicago
Gas 2S400; Omaha. TOO: Reading. Is,
zoo: Rock Island. 5000; st. Paul, 10000.
The bond market showed no nbate-
ment OF the decided strength that has
characterized its operations for some
time The speculation was quite broad,
ana material gains were established in
many lines. The middle grade securi
ties were largely dealt in, and registered
the extreme improvements, which ex-
tended to ~ per cent In Peoria, Deca tur
and Evansville 1st Evansville division.
me aggregate sales were s1.69S.o00.
governments were neglected at the
board. but bid quotations We're slightly
higher.