The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-09
L Z IS | ERE GENERAL.
Out ID Is Most lost q lhs Stocks the Loss
Vas Only fractional.
PROFIT TAKING THE ORDER OF THE DAY
xAcro Wns nm Iucroaxe OF Aettrity In
Tho Dealings over Wednesday, ma
tho DHy Before, but ono i,ulf tho
Dealings was Absorbed b,- Nj. paul,
Sugar and Burlington.

SeW Yc-k, July 3.-Proilt-taktng was
cifo order OIL the day in the stock mar
ket The sending of the tariff bill to
conferences ends the Senate stage or the
Dbl the termina ton Of which has formed
stpo1ect FOR speculation In the recent
market. The termination Is REGARDED as
favorable Influence OH values, but hay-
ing been previously discounted, realizing
sales were to be looked for In the natu-
raj order Of things. The reaction did
Aot develop immedlately at the opening
OWING 10 several sustaining influences
Ihe sugar refining industIy's special in
terest In the tariff made that stock sem
sltiYe to Washington reports as to the
chances of the sugar schedule in the
conference. These reports varied all day
as matter of course, but carried Sugar
up at the opening. The Changers ans
International stocks ALSO opened with an
upward tendency. The former group
enjoyed an impetus also from the an
1Juncement. by the refunding commit ice
tn the Chicago and Northwestern that
The directors OF that company had au-
rhorizeo mortgage for s165, 900 900 to
run ninety years "a marked improve
1nent about the same time In 4 group Of
usually Inactive securities, due to mark
ed operations by an interest which has
large holdings In each OF the groups,
was a further influence toward an ad-
vance as was tllso the special strength
shown In some other individual stocks
Those combined influences resulted in
4 rally af:cr the first decline that car
S:ett prices generally to the highest OF
The day. and st. Paul to S47s. the high
est of tho present movement. The in
fiuences were OF only temporary effect,
however in checking the reactiolary
tendency OF the market. and, in fact,
served only to accentuate the desire to
take profits. The realizing was based
both on the passage OF the tariff bill by
senate on ,hn i'm to-
IN the elimination Of the long turn the
market has made on general conditions
Of business. There were tl1aGers, also
who expressed their disappointment that
The Presidents message, recommending
q currency commission, had been de-
ferred and that the authorization OF the
commission with the membership of the
Senate as at present was unlikely. Such
traders gave those as their reasons for
selling stocks.
There was an increase of activity in
the dealings over both yesterday and
the day before, but quite one-half the
dealings was absorbed by ST. Paul, Sugar
and Burlington. Chicago Great West
ern. Des Moines ard Forest Dodge and
Minneapolis and ST. Louis were quite
conspicuous and strong as Il group. The
first gained II net and the second 2
points. I0ast River Gas made an APP
parently sensational jump In the closing
dealings to 1914 a net gain of 3A points,
hut 1t was reflection Of a rise effected
In outside transactions on the curb. la
Clede Gas gained Ia and lie C@cdc Gas
Preferred and Starch Second Pref ,rel
point each. Otherwise losses Of Il
fraction were general all through the
list reaching near point In many
prominent stocks. Sugar lost rs, Bur
fington. lM, and Spirits Preferred, Rub
Der Preferred and Western Union a
point each.
The total sales Of stocks to-day were
1898 shares. including Tobacco. $500;
Su, 900; Burlington and Quincy,
j. chicago Gas. 1900: Northwest
GIG leading. 500; ST. Paul. $4,000.
T:ti bond market lacked feature aside
from some notable varieties in the In
dustr!al Issues in which special nflu-
ences operated The general market is
played a hardening tendency, but he
improvements were mainly Slight. ne
aggregate sales were s1,563. 900 Gov; ~
nents were easier for the new is, nut
the other issues were steady Sales
were $4,000.