Birmingham state herald., 1897-06-24
InWall Street.

New York, June 23.-Today was another day of marked strength in the market for stocks, the dealings being large and the buy ing demand keen. that the tendency of prices was strongly upward. There are ups and downs durinf the day, the latter on profit taking for the most part. but the close of the days trading found prices generally above last nights close. The outside in- terest in the market shows large increase and commission houses show great acces. sion of orders of solid character follow ing the indications of revival in bualness. The buying was almost wholly the result of confidence in the general outlook Of bnsi- ness. Good buying continued in Northwest but the prices of the stock moved quite nar rowly, affecting the prices of other stocks by sympathy about as much as itself The grangers were all n keen demand. and showed substantial gain on the day The same was true of all western and .sodth-s western railroad properties where the crops promise to be abundant and bring business Sugar and Chicago 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 ma rket and moved upward the highest price of the day was recorded for many stocks The strength iu the Coalers developed afternoon % animatsd. I fbe rate at T which prices 1Ssse rose a % ths shsrs s Rot s present fin the market. New York. Lacka- wanna and Western Jumped 3l1 on the sale of 100 shares. The volume of dealings was large, bur Sugar St Paul. Chicago Gas. Burlington, Reading and Tobacco absorbes half the total sales. St. Paul at S0A touched the highest prices since the panic of 1893 The announcement of an additional ship ment of S6500O0 in gold by tomorrow s steamer only affected the market for a brief time. The gains in the Coalers~ extended to Ya for Delaware and Hudson; 24 fee New Jersey Central, for Lackawanna, and lN for Reading first preferred susqua- hanna and Western lost fraction, Tobacco jumped 3 to 77. and reacted 1%. while the preferred stock gained a similar amount and held 1t Other gains were Lake Erie and Western preferred: Louisville, Bay State Gas. Illinois Steel, Lead preferred, Colorado Fuel lost 1iA suga~ moved oyer a range of Is, but closed off on the day The total sales of stocks today was 20 S3O shares. including American Tobacco i2- poo: American Sugar preferred. 3s,so0: Bur nngton and Quincy. % 500; Chicago Gas 2s 40O: Omaha 7700 Reading, 12.sQ0 Rock Island, 5000; St. Paul, 90 0G0 ,-
 The bond market sho owed. no abatement of the decided strength that has ehafacter- ized It's operations for some time. The gains were established ip many liens The middle grade securities were largely dealt in and registered the extreme Improvements which extended tc IA per .cent. in Peoria. Decatur and Evansville J's Evansville d. vision. The aggregate sales were s1, ,69s GOO
 Money on cal easy at 1h per cent last loan. 1: closed. 16f1h per cent. e.
 Prime mercantile paper. BOA per cent Sterling exchange, firm. with actual busi- ness in bankers bills at s4s7Aq$4S7H for de- mfos Postsd snd rstes at sss ss4 I sSs sssy ssys
 Silver, certificates, o1sd60lc.
 2 Mexican dollars, 47ss. sE 2 Bar silver. 60,zc.
 SGovernment bonds strong.