The news & observer., 1897-06-24
RALEIGH TOBACCO MARKET.
STOCKS AND BONDS.

New York June 23.-To-day was an
other day of marked strength in the mar
ket for stocks the dealings being large
and the buying demand keen so that the
tendency of prices was strongly upward
There were ups and owns during the
day the latter. on profit taking for the
most part but the close of the days trad
ing found prices generally above last
nights close. The outside interest in
the market shows large increase and
commission houses report great acces--
sion of orders of a speculative character
following the solid investment buying
that has been going on for some time,
and which to-day's Developments indi-
cate is still going on. The buying was
almost wholly result Of the confidence
in the general outlook for business. There
was little news accompanying the up
ward movement of prices, and therefore
little to record beyond the mere changes
in prices. Good buying continued in
Northwest, but the price of other stocks
by sympathy about as much as itself.
The Changers were all in keen demand,
and showed a substantial gain on the
day. The same was true Of all Western
and Southwestern railroad properties,
where the crops promise to be abundant
and bring business improvement all
through those sections. Sugar and Chi
cago Gas were both under pressure at
different times during the day and held
back the market. When these two
stocks came into harmony with the mar
ket and moved upward, the highest prices
Of the day were recorded for many
nly No or Oft i'm ho
veloped in the afternoon, and the move
ment in the group became strong and ag-
gressive and the dealings quite animated.
The rate ait which prices rose was an
an indication that there is not a large
quantity of these stocks, except Read
ing floating in the market. Sharp advan-
stocks were feature, New York, Lack
awanna and Western jumping 31a ON the
sale Of 100 shares. The volume of deal
ings was large, but Sugar, st. Paul,
Chicago Gas, Burlington, Reading and
Tobacco absorbed half the total sales.
The announcement of an additional ship
ment of $65O,OO0 in gold by to-morrow's
steamer only affected the market for
brief time. The gains in the eoalers ex-
tended to 21a for Delaware and Hudson;
2A for New Jersey Central; for Lack
awanna and IN for Reading first prefer
red. Susquehanna and Western lost a
fra ction. Tobacco jumped 3, to II and
reacted ~, while the preferred stock
gained a similar amount and held IT.
Other gains were: Pullman, 2: and Iowa
Central, Lake Erie and Western, Lake
Erie and Western, preferred, Louisville,
Bay State Gas, Illinois Steel, Lead, pre-
ferred, Consolidated Ice and Consilodat-
ed Ice, preferred gained point or over.
Colorado Fuel lost 1k. Sugar moved
over a range of 11s, but closed IL off on
the day.
The total sale Of stocks to-day was
270,330 shares, including American To-
bacco Company, 10000; American Sugar
Refinery, 1920; Burlington and Quin-
cey, 22,S0O; Chicago Gas, S,4OO; Oma-
ha, 100; Reading, 1880; Rock Island,
200: st. Paul, 10000.
The bond market showed no abatement
of the decided strength that has charac-
terized it's operations for some time. The
speculation was quite, broad and mate
rial gains were established in many liens.
The middle grade securities were largely
dealt in and registered the extreme i'm
proyements which extended to 4S per
cent. in Peoria, Decatur and Evansville
firsts. Evansville division. The aggre-
gate sales were $1,698,0O0.
Governments were neglected at the
board, but bid quotations were slightly
higher.