The daily morning journal and courier., 1897-06-15
EtnamclaI.
Upward Tendency of Prices Was Resumed
 In the Stock Exchange Yesterday.

In the Stock Exchange Yesterday.
 New York, June 14.-The upward ten dency of prices was resumed to-day on the stock exchange after short-lived selling movement to realize in continu- ation of Saturdays movement The rise was in spite of the dullness and heaviness of Americans, along with all other securities on the London eX- change. This neglect was explained by the absence of traders to participate in the opening festivities of Queen Victo- ria's diamond jubilee. New York ig- nored the decline in London and pro- ceeded to buy up prices soon after the opening. The warm seasonable wealth CT and it's certain benefit to crops gave a fresh impetus to values in the gran ger group, which remained practically stationary all last week.
 At the top price Burlington showed an advance of 1as, Omaha of 1B and Northwest of 1as. Net gains were slightly below the highest in the gran gers as in other stocks. The declara- tion of dividends on members of the Vanderbilt group had been discounted, as had been the passing of the dividend on the preferred stock of Cleveland, Cincinnati, Chicago and St. Louis. The common stock of this company, after a slight opening decline, made an ut- accountable advance of per cent. in face of the dividend rumor and first week statement showing a decrease in gross earnings of over $240G0. Reac- tion carried the price below Saturdays close.
 The local days stocks all showed very notable buoyancy which no news was forthcoming to account for, though rumors have been prevalent for some time of consolidation of interests among the companies. Continued strength in the stocks of iron and steel companies reflected the improved out | look for business in that industry. Con- | spicuous strength was manifested also 1 by the Goulds, Manhattan and West ern Union, each advancing over a point.
 | The good buying of New Jersey Gen. | tral also continued, resulting in mark | ing up that stock three points after a decline and some irregular fluctuations. The strength of the low-priced shares | of reorganized companies continued manifest in the advance in the prefer red stocks of Northern Pacific and Kan sas and Texas, and the second prefer red stocks of St. Louis and San Fran cisco, under sales aggregating $10,000 i shares of the last named. Quite a fea- ture of the trading was the number of 1 fractional lots of stocks that changed hands, indicating the outside purchases made through commission houses. These sales of odd lots were we'll dis tributed throughout the list. Sugar de- veloped assured strength as the day progressed and showed sharp gain on the day. Chicago Gas was active, | but irregular, ranging over 3A, and closed with a net gain less than that Following are the noteworthy extreme | advances: Consolidated Gas, per cent; East River Gas preferred and l SldiSi SCSolld pISIcIItd, per L.. 1 Wells-Fargo Express, 2% Brooklyn Union Gas, ?, and Sugar, Lead Cotton 1 Oil preferred, both Rubber stocks, Illi- nois Steel, Brooklyn Rapid Transit,
 Norfolk and Western preferred, Pitts
 burg, Cincinnati, Chicago and St. Lou
 is preferred, Pullman, St. Joe and
 Grand Island preferred, a point or over, besides those specially mentioned l above.
 l Trading in bonds was on an enor-
 nous scale, the sales aggregating al-
 most $3,000000. Decided gains were made in many issues, with St. Paul 7's scoring the extreme improvement of per cent. The market developed con-
 siderable strength, with purchases oi the prominent mortgages being made
 for speculative and investment account
 with considerable confidence.
 Government bonds also shared in the general strength that permeated the se- curities market. The new fours cou.
 pon was quoted at 125B, the best price
 noted in the present movement. Trans
 actions were confined to a block of $25,
 900 at 125.
 Following are the closing prices re-
 ported by Prince & Whitely, bankers
 and brokers, 16 Broadway, New York
 and 15 Center street, New Haven: