The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-14
D. D !. )R 4 THE COALERS
Sugar ! Scored Another high Record Prlee
Touching Isl SO. &.
WIDELY DISTRIBUTED ADVANCE,
Fhe Fluctuations In s,,enr. Were
sIost Erratio and Wide, attended
by IIonvy Coyeriu. ,or shorts
Good Crops ana weather .Advices
Dettered the Grnngers.

1NeW York. July 13.-The healthy dis
position Of the security market to-day
evinced by notable and widely distribut-
ed advances, especially, m the ooalers,
lndustrtals and gilt edge investment
stocks, was due to favorable influences
Of general effect. The coalers easily
responded. with a rise extending to 2 per
cent to the Lehigh Valleys election OF
officers and directors known to be &C
ceptable to the controlling interests in
other anthracite properties and to the
harmony IN operation expected to re-
sule. The judicial interruption Of the
property proposed inquiry into the an
thracite trade under the anti-trust law
enacted by the last New York Legisa-
ture, not only had q good effect on the
coalers, but siren gthened the whole tn
dustrtal group. To days Washington
rumors continued favorable to the re-
filming interest and to the effect that [.
compromise sugar schedule pleasing to
the company would lilkely1 be agreed
upon by the conference. The result was
THAT Sugar scored another high record
price, touching 1875, or nearly points
above yesterdays close. and over 3
points above the loftiest price previous
~, which was 13434. The suspension OF
q house supposed ITO. have been hurt IN
carrying a. large account for an opera
tor on the wrong side of a rising mar
ket ony temporarily depressed Sugar.
It Is now supposed that yesterdays
sharp jump in Sugar was partly due to
knowledge of this operators position
The announcement Of the failure
caused q reaction in the market. which
carried prices generally q fraction be-
low last nights close. The tluctuations
IN Sugar We're most errHt.c and wide, at
tended by heavy covering Of shorts.
Hest tutton ensued and then there was
. Il oft a ~, I.,I., ~
The transactions in the stock com
prised q fourth Of the total tlansa ctionS
III all stocks. ove. 10000 shares being
sold. After momentary decline at tbs
opening the stock sold up Use. above
Yesterdays close. reacted 2Isc. and then
vance over yesterday. Chicago Gas
ruled Strong on Favorable Chicago dis
patches. Good crop and weather ad-
vices bettered the Changers IL sharp
fraction SusQuehanna and Western
preferred gained 21sc., Northwest pre-
ferred and Delaware and Hudson tWo
each. Other stocks not hitherto mention.
ed. which recorded gains Of point or
more were Tobacco. Northarn ;'acih
New Jersey Central, Reading 1r.,. III y
ferred. do. second preferred Nirt.
lis and st. Louis second pret,trI .la
man. Rio Grand2 Western. >lf:',"
ferrcd. Leather preferred arst J..
Short Line. The closing wtit.tsr s,.-
generally at hest prices NA}t
fraction above yestt-r<'t ST."
cases not specified above i'sh
ceptions were BROOKLYN Etf1si'
and Des Moines and F'o". -2r.
closed A@1A respectively ..!&o
day.
The total sales o. stocks tHei1
65S shares, including Ch.rlE
llnGton and Quincy. 12,622: 1854
and Hudson, 6,o65; Louisville ana S. I'd
Vile $40; New York. SusGurAs
and Western preferred. TIT; iers,>s
Central. $50; Reading, 25,3S0; Rock Is
land. lilo: ST. Paul, 1865; Tobaccu
1916; Chicago Gas, 1896; Sugar. 70
0S7; UEited States Leather preferred,
1884
Considerable strength was displayed
among a few Of tlle Industrial mort
cages but the general market also dis
played an improved tone on moderate
purchases. Business was somewhat
more general IN the low priced securi-
ties. with the liens OF some recently re-
organized properties assuming promi-
nonce. The aggregate sales were $1.703.-
000
Government bonds were practically
neglected. but ruled steady at ycSter-