Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-04-03
NEW Yoak mAake1.
Tho Fsa!urss d the pay's .Dealiags IN Al
the Leading Slecks.

New York, April g.
Today's trading was marked by Il still
further djminutioD In the volume OF trad
ing on the Stock Exchange. the total sales
falling below 100000 shares. Western
Union became the leader OF the market
I'm point Of number Of shares sold for the
first time in "A long time, the sales amount
ing to almost 10000 shares
The results OF the days trading left
the net changes In most of the active
stocks narrow. nearly all outside the
coalers showing gains. There was an
obvious undcrcurrent OF strength in the
Granger group and others Of the Western
and Southwestern roads. A noticeable
feature Of the market. also was a re-
sumption of the inquiry for the Wander
biIt stocks, which was interrupted by the
break in values caused by the trans
The arrival In London Of individuals
representing large money interests re-
ceived attention by dealers on the ex-
Improvement of prices in the properties
which they represent. Northern Pacific
pfd. was notably affected by this in
fluence.
The market was not entirely dominated
however by these fayoring conditions but
still carried the incubus of depression
In the coal stocks and some of the Gould
shares. which the bears. sought to dc-
centuate: The bear attack on these
stocks checked the advance with which
the market opened and caused declines
Of ~ In Western Union. u in Manhat-
Delaware and Hudson and point each
in Consolidated and Chicago Gas.
1t was rather noticeable that the sub
seqnent Improvement In Western Union
continued in the face of statement by
Russell Sage that II business does not
improve to a point warranting the usual
dividend rate. he should favor a reduction
for the next quarter.
The buying interest in Vanderbilts and
Northern Pacific pfd. checked the de-
cline and prices were carried to the top
prices of the day. the coalers participated
in the Improvement. Northern Pacific |
rose and Consolidated Gas the same and |
gains of a point or more were shown in |
Omaha; New York Central. Michigan
lington. Chicago Gas. ST. Paul. Rock Is
land. Louicyile and Nashville Manhat-
tan. Lead and Pacific Mail.
Lake Shore which ruled at l60 bid at |
the outset jumped to 161 bid on the exc
cution OF orders for 800 shares at 1G5 and |
1885, Subsequently a decline to 1874 bid oc- |
CURED Leather pfd. declined on unfavor- |
able trade reports but PARTIAL recovered. |
or the inactive stocks Minnesota iron |
rose ~. and Long Island fell u. The St. |
Louis Southwestern stocks and bonds |
which showed sharp declines. yesterday. |
received effective support. today. Spirits |
gained ~ on reports OF a trade agreement /
and closed with net gain of %. The |
close was irregular on account of profit |
taking and the coalers lost all their gains |
but many stocks showed substantially |
net improvements.
The bond market continues to exhibit |
firmness which was more /
fully reflected in the high class issues. 4
The St. Paul mortgages were freely dealt |
in. at higher range with Chicago and /
I.ouis Southwestern securities indicate con-
gaining ~ per cent. The Northern Paci-
he lines responded fractionally to the
avorabie rumors In circulation regarding
the property. and operations in the ST.
Louis Southwestern securities indicate |
confidence in theconditlon of
The property. the firsts jumping 32s per
cent. to s5 and the seconds per cent. to |
-. The sales were 81. $4,000. Govern
nents showed strength with good demand
or the new fours. The sales were ISL 500. |