The daily morning journal and courier., 1897-09-18
Yesterdays Stock Market Was Strong and
 Hinher Prices Ahtainad

I
 New York, Sept. T.-To-day's stock market was strong, and the average level of prices was considerably raised as result of the days trading. It was a. noticeable fact. however, that the greatest activity was confined to spots. | The gains were spasmodic in character and itcould not be said that there was | any simultaneous advance through the whole list. During the periods while any individual stock or group of stocks was being advanced the general list showed a disposition to fall into neglect. 1t must be said, however, that the spasmS of activity to-day went the round of pretty much the whole market
 The grangers, all of which have re- gently been checked on realizing sales invited by previous sharp gains showed recovery to-day. The most conspicu- ous feature of the market, however, was the lively demand for the coalers. New Jersey Central was carried up an extra 3s4 to 101%, crossing par for the first time since February of this year. The decline which preceded the reduc- tion of the dividend dated from that time and eliminated on May "A when the stock touched SSA. It was one of the last stocks to feel the impulse of the recovery in prices. The Reading stocks all advanced point or over during the day, but fell back sharply just at the close. Lackawanna rose 214 and Dela- ware and Hudson 1A.
 There was some stirring up on the dead cats and dogs on the list, also and some sharp advances were recorded in low priced stocks. The southern rail- roads seemed to have the incubus of the yellow fever scare lifted, and Louis yille, Southern preferred and Mobile and Ohio all gained considerably over a point. The increase in gross earnings of Missouri Pacific of $129,000 for the second week in September and for Wa bash of s2S,715 turned attention to the southwestern and Missouri Pacific. At chison preferred and Wabash preferred gained point or over net.
 The solution of the troubles of the soft coal industry which Is being work ed out was reflected in sharp advances In Toledo and Ohio. Central and Hock- ing Valley preferred. Union Pacific was another conspicuous figure in the trading, being heavily bought by Lon- don and closing with a net gain of nearly two points.
 Manhattan, which sold to-day ex- div idend of per cent recovered the dfvi- dend and another point besides. The grangers were less active than of late but manifested strength, Chicago Great Western leading. In the industrial list the Spirits stocks, which have advanced showed sharp gains, the preferred rising point
 The other leading industrials, includ- ing Sugar, Tobacco, Leather preferred Lead and Rubber, showed a somewhat heavy tone and closed at small net changes, except Tobacco, which lost over point. Western Union gained over point and the common and pre- ferred stock of Pittsburg, C. c. and St. Louis over points. The exchange market was weak and dull especially that for continental exchange, and it is evident that any material hardening
 
 prompt imports of gold.
 Other gains in prices to-day were Buffalo, Rochester and Pittsburg 2, Buffalo, Rochester and Pittsburg pre- ferred 4as, Nashville and Terra Haute and preferred points each, Lake Erie and Western IF, preferred ?, Minnesota Iron 1 point, Union Paci- f1v, Denver and Gulf point and Bal timore and Ohio Southwest preferred point Flint and St. Perre Marquette preferred lost 2A, Iowa. Central pre- ferred 21s and Wheeling and Lake Erie preferred point.
 To-day's market for railroad bonds was less active and only steady. Total sales s2, ,9OO00O.
 United States 5s coupon sold at 1144.
 Following are the closing prices re- ported by Prince & Whitely, bankers and brokers, 46 Broadway, New York, and 15 Center street, New Haven:
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