Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-06-11
MARKET REPORTS.
NEW YORK MARKET.
The Features Of the Days Dealings in All
the Leading Stacks.

New York, June 10,-Today showed
the iarSest volume of trading on the
Stock Exchange for the year thus far,
the total sales of all stocks being 800,
900 shares. The dealings were well dis
tlibuted throughout the list, many
stocks that have lain dormant for a
long time being called into activity by
the awakened demand for securities
among the outside public.
The marked strength of the market
during all the early portion of the day
was accompanied by more or less de-
sultory selling to take profits, but up to
the final hour of the trading all these
offerings were absorbed without any
marked effect on the market. But a
heavy realizing movement in the final
hour wiped out large part of the
earlier gain in most securities and ali
of it in quite a number. The heavy
liquidation in sugar was the main
factor in breaking the market. The
resulting weakness Of sugar was as
effective in depressing the market in
view of the large volume of its sales,
as it's aggressive strength in the morn
ing had been in sustaining it.
The Changers We're very actively
traded in, all day. st. Paul leading both
in volume of transactions and in extent
of the advance, which reached point.
It's reaction was also less than the
others of the group. which lost practi-
cally all their gains, Rock Island show
ing a net loss, Sugars fall from the
high point was 23s but final rally left
its net loss fractional. The coalers
,,tiH nd CT
New Jersey Central advancing 3ls, Del
aware & Hudson 212 and Lackawanna
and all three Reading stocks over
point, the latter on very heavy trans
actions. Lackawanna held the gain
but the others reacted, New Jersey
Central and Delaware q Hudson gain
ing 2 points net and the Reading
stocks faction. Tobacco was active
on manipulation and closed practically
unchanged.
The iron and steel companies We're
notably strong and reacted only frac-
ton, Illinois steel advancing 21a, Mime
sofa Iron and Tennessee Coal and
Iron IL. The Vanderbilt stocks all
showed strength, Canada Southern and
Michigan Central gaining IA and the
Chicago and st. Louis stock over
point, other gains in the group being
fractional Union Pacific pfd., was
very active, but moved very narrowly.
Louisville & Nashville gained IA net.
Lead pfd.. advanced points. Norfolk
& Western pfd., ~. st. Paul & Duluth
points. Western Union continued
notably active advancing IA but re-
acting a point The closing was weak
but slight net gains We're the rule.
In the railway and miscellaneous
bond market the principal advances
were Wabash first, Detroit and Chicago
Extension 33t. do, debentures series Il
21s and do Is rs, /. Norfolk & Yves
tern As, 9 Mobile & Ohio.4s, Ia, Toledo
g. ST. Louis and Kansas City first
trust receipts, Ohio & Mississippi. rs;
Missouri Pacific Consols 6's and do Col
lateral SIS trust receipts, IA, and Texas
e. Pacific is, Susquehanna & Western
generals. ontario & Western refunding
as Commercial Gable As, Louisville &
Nashville As. Kings County Elevated
G's. Kansas Pacific Consols trust re-
CENTS. Colorado Coal 6s, and Ameri-
can Spirits 6's, l per cent. Weakness
was apparent in few bonds and some
sharp losses ensued, including Ulster IL
Delaware SIS, 2H, Ontario & Western