The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-06-30
FLUCTUATION ERRATIC#
The Market for Securities was One to De.
light the Professional Traders.
SUGAR AND GAS STOCKS BUBBLED
Prices in tho List Generally Fcvers
ish. Especially the Grange. ma
sasged to Marked Degree Aside
from Specials giving Very IrrcEu~
lar Aspect TO tho Market.

New York, June 29.--The market for Sc
fessional traders, fluctuations In many OF
the leading shares being wide and very err
ratio. Sugar moved over a range of 81
during the day, dancing up and down by
spurts and falls much as boiling alcohol
would do In o glass tube Chicago Gas
tions. and was as erratio and even more
active, The range Of these two great CEN
ters OF speculation was arove last nights
Sugar. and this tended to restrain the dis
tinct tendency toward reaction which was
, tne IN the market al day. and which
don Exchange was first settling down to
normal activity again after the Interrupt
there reelected the opinion Of dealers that
the advance Of prices on the New York
EXCHANGE had been be. more preelpitats than
i1uence was reinforced BY heavy selling
here for London account: rPices in the
list generally were feverish. especially the
Changers. and sagged to q marked degree
aside from special cases, giving a very ir-
regular, aspect to the market. General
ton Of the Burlington statement for May,
showing an increase in net earnings Of
The lowering of posted rates Of ex-
change "A cent. to 4S61s for long and 1888
Cor short bills, also impaired confidence,
market and tho probability that gold ship.
ments would be light or entirely suspend
t ed this week But when heavy liquidation
tho final hour. tho doubts Of holders re-
turned In full force and stocks .of all the
leading properties were thrown over at
lively ate In @ feverish desire to realize,
and prices generally wcr narrowed down
to tho lowest point of the day. \ partial
rally In Chicago Gas stiffened prices above
tho lowest leaving final results mixed be-
tween gains and losses. Most OF the prom
inent active shares show losses extending
10 IL. In Sugar 2B In STANDARD Rope, and
over n point in Burlington, Rock ISLAM
Louisville and Manhattan, Northern Pa
ciflc preferred developed heaviness on the
belief that the differences between tho Hill
interests and tho voting trustees were
ebout to culmlnate. The volume Of trans
actions was almost az large as yesterday.
The total sales of stoclz5 to-day were aS2,-
Jos shares, including Tobacco Il, 600, Sugar
$500 Burlington and Quincy 37,100, Chica-
go Gas 500, Louisville and Nashville $500,
National Lead $780, Northwest $500, Oma-
ne Il zoo, Reading 5000. Rock Island 90
l0O St Paul As. GOO, Tennessee Coal and
Iron 10,1Oo, Southern railway preferred TO-
coo.
The upward movement in railway mort
cages was continued with conSidera bic
NiEor. despite the extreme heavineSS Of
the stock speculation. The inquiry en-
Draced large variety Of issues In which
notably higher prices were recorded gene
rally Some few bonds suffered from
liquidation. particularly American spirits
SIS and do. incomes. which lost ~ and 2
per cent respectively. The sales were
50. 900.
Government bonds were steady at bid
prices, and were without sale,