The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-16
FR b CHAN GEES
llsre Was But Little Ruoyancy Among
The CaaIers.
TEMPORARY STRENGTH IN CHANGERS
st. Paul WINS Subjected to Proqes.
slon n'u'i. Pressure. bnt the Net Recess.
sion Was TrininE Appreciation
Was General in All Classes OF Sc.
curities III tho Bond Market.

New York, July 15.-The conference
committee deadlock on the tariff had u
counterpart on the floor OF the Stock
Exchange to-day, among the profess
slonal spectators the net changes be-
Ing but fractional eishe way in most ac-
tive stocks but for the time being the
market has :brcadcned materially, SO af-
ter two days SUCCESS it would seem
That spectators for an advance might
be content with not losing much gound
On the third, especially as it IS consid-
cred proba Die that strong interests with
optimistic market tendencies prefer Il
quiet market pending final action on
the tariff and the Presidents currency
message in order that ultimately their
favorites may not carry top weight In
the advance they fain would expect
when Congress adjourns. The enormous
over-subscription s50, geo 900 for q 81 0O0,-
QUO issue Of metropolitan Street Railway
bonds, offered at 105, and the fact that
there were simultaneous sales at an ad-
advance OF 61s points on the street WAS
taken as certain indication OF conf
oence. Moreover, the great Northerns
increased dividend was Interpreted as
fairly indicating steady business re-
covcry In the Great Northwest. The
Changers, the foremost bencficiaries Of
such conditions. showed only temporary
strength. losing their early gain. The
taTorab bic crop outlook coincident with
q rise in grain quotations had evidently
been discounted and st. Paul was sub
iected to professional pressure, but tho
net recession Was trifling. While Lon
don disrega1ded the BerIng Sea dispute
they took less interest in Americans
than yesterday, selling moderately of
st. Paul, and purchasing q few low
priced shares and Louisville, the latte,
buying being due TO cabled statements
that the resumption OF dividends is pos
sible without the restoration Of wa ges.
Sugar suffered to the extent Of point
on repe.itions Of the rumor exploited
yesterday that the House duty Will real
~ win in,the conference committee and
again the possible delay was depress-
Ing, membe. OF the committee being
quoted as saying that an agreement
might not take place Tor two weeks
Iobacco was manipu lated in the early
trading 80 as 10 recover the . per cent
small net loss on the day! There was
little buoyancy among the coalcrs, eX-
cepting Susquehanna and Western pre-
ferred. which gained 1B per cent, and
do. common a point, the latest rumor
being an European trip of tinancie.s
seeking English help to purcha ae con
troll of the road. Local Gas compa mics
sharply advanced--Consolidat Gas.
"a; East River, 4 the 5N counting that
1t was ex-dividend. Specula tors took
1T for granted that there will be partial
consolidation of Greater New York gas
completes, although it was not wise to
officially admit as much, and hence the
denials. The average Of changes, waa
slightly lower for the day.
The total sales Of stocks for the day
amounted to 272.S37 shares. including
Chicago. Burlington and Quincy, S.125;
New York, SusQuehanna and Western.
S,196; New York, Susquehanna and
Western preferred. 1890: Reading. 49,
929; Rock Island, 9543; st. Paul, 23,795,
st. Paul and Omaha, $40; Tobacco, OK.
dividend, 41,003; Sugar, 1927.
The bond market reflected 70 a mark
ed degree the general confidence in the
financial and commercial situation. APP
prec!atfons were general in all ella sscs of
securities, and the revived demand for
the low grade mortgages was regarded
as indicating considerable outside pu:-
chases. Operations for foreign account
embraced purchases Of the more promi-
nent international lines. The aggregate
sales were Si,7l5, 900.
Governments were neglected at the
board. but held firm al bid prices.