The daily morning journal and courier., 1897-07-03

There was no feature of significance or importance during the day, unless the hypoehondriac's view be adopted, that the absence of all symptoms must itself be a symptom. Dealings were very much smaller than yesterday or for many days past. variations were small and unimportant and no animation was manifest at any point in the market
 The prospect of only half O day of trading tomorrow followed by a double holiday doubtless had it's effect in cur
 tailing operations and discouraging ventures upon new operations. But this was not alone sufficient to account
 for the markets conspicuous loss or
 tone and apathetic condition. The heavy liquidations of Monday and Tues- day was undoubtedly an indication or a widespread conviction that the up
 ward movement had reached the limits of safety for the present and to-day's
 market showed even more a marked
 disposition than yesterdays to wait for
 an adjustment to the new conditions,
 The waiting and the semi-stagnation
 were accompanied by quite a marked firmness of tone in nearly all the lead-
 ing stocks.
 St Paul continued the leader of the
 market in point of activity and was firm and strong comparatively in spite
 of selling of the stock for London ac-
 count. This stock has been gaining on Burlington all week and to-day over took and crossed 1t, closing above 1t at a small net gain, while Burlington suf- fered small net loss. This may be in consequence of the continuation of the
 movement on the part of dealers to transfer their holdings from Burlington
 into St. Paul. Most of the business of the day was done in the first hour of trading as result of orders accumu- lated over night,
 The total sales of all stocks for the
 day fell below 1S0,O00 shares Four
 sevenths of this amount must be cred ited to St. Paul, Sugar, Burlington and Chicago Gas None of the leading stocks ranged as widely as point, ex- cept Sugar and the leading industrial stocks and some of the coalers. Leath- CT preferred rose point on reports of a plan to refund the duty on hides, which are re-exported as leather. The small net changes are divided be- tween gains and losses in the promi- nent stocks. Rio Grande Western rose a point and the preferred stock 1B with out any news to account for it. The bonds of this company were also active
 and strong. Spirits preferred fell off I1A. General market conditions re- mained unchanged although the addi- tion of dividend and interest disburse- ments to the already surfeit of money has not resulted In the stimulus to speculation which was hoped for. The
 narrow movements in to-day's market | were to large extend due to profes- sional manipulation. such results being
 easy of accomplishment in such a re- stricted market
 The bond market developed a fair
 degree of activity, but values were It, l tie changed except in a few issues, in which special influences operated. Bus mess was generally centered in the leading mortgages but it Is worthy of
 note that no transactions were register | ed in Northern Pacific thirds, which
 usually absorb considerable of the deal ings. The aggregate sales were $1,-
 424, ,000.
 Governments were steady on light dealings.
 Following are the closing prices re- ported by Prince S WhiteIy, bankers and brokers, IS Broadway, New York, and 15 Center street, New Haven: