The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-06-25
one NOTCH l HIGHER
/ Inc Top Level Reached Yesterday in the
Current Bull Movement.
|THE ADVANCE WAS. NOT UNIVERSAL
3Iherc Were Times During tho Day
When Prices We're Generally Be
lotv Wednesday Nights Close-The
Volume of the Dealings Smaller
Also. but Wns Better Distributed.


sstocks stocks made a further average
Badvance to-day, putting the top level in
the current bull movement one notch
2hlgher: The advance, however, was not
universal. and some prices are lower, the
BAnthracite coal group losing something
Bor It's strong advance Of yesterday. The
international shares, some of them. dis
played the sympathetic effect of lower
prices in London, and Of selling here
LOT London account. Others Of this
ASroup were bought for London account
Iand gained in price. There were times
during the day when prices were gene
rally below last nights close, and there
We're evidences Of heavy realizing in
some stocks. The volume of the deal
lngs was smaller by over 100000 shares
man yesterday, but was rather better
distributed, though the Changers, Chica-
go Gas. Bay State Gas, and Sugar alb
sorbed about three-fifths OF the total
dealings. An aggressive advance in
Northwest, which was resumed after
a days halt, carried that stock up 2a1
points, to 117A, and was sustaining
influence in the whole market. The
Grangers also maintained their strong
upward tendency and their potent in
lluence in the market under heavy deal
1ngs, and In spite Of some alarmist re-
pores Of damage to crops. The belief IN
good crop prospects which advanced the
price or this group was an influence
on nearly every railroad property in the
west whose securities are dealt in on
the exchange. St Paul's third week
statement, showing all increase in gross
earnings Of over S22, 600, was an encour-
aging factor. This roads earnings have
been greater each week in the present
month than in the corresponding week
OF any year sine 1893. Forecasts Of May
statements OF the Granger roads give
suggestions Of favorable showing,
no oJ,,
reported some movement Of currency Of
points. Of small proportions yet, but
Which is looked upon as indicating re-
|V1Val Of business activity. The strength
'of the market is almost entirely due to
confidence in the general outlook, but a
number OF individual stocks were strong
on account Of special causes, as ToDac-
co. Bay State Gas, Rubber preferred
and Leather preferred. Sugar was err
ratio, remaining somewhat below yes
terday'S close. most Of the day under
pressure to realize. but rising to n
transactions. Small losses are shown in
some of the low-prced Southwestcrns,
number OF the less prominent Wander
bilt stocks and in some other special
cases. but these only extend to a point
IN the case Of Erie first preferred and
East River Gas, the latter ~. Other
wise gains were general. In the Gran
gers outside Of Northwest, Rock Island
Aeo Will gam VI 1 IS. COiiSOlitatcu Gas
rose q point and Minnesota Iron, Rub
Der preferred and Starch first preferred
each.
The total sales 70 stock to-day were
21S,756 shares, including Tobacco. 800;
Sugar. 1880: Burlington and Quincy
A.soo: Chicago Gas. $4,000; Louisville
and Nashville, 800; Northwest, ISL 90;
Omaha, 10,100; Pacific Mail $500; Read :
Ing. $500: Rock Island, l4,4oO; St Paul
81, 100.
Continued Improvement IS noted in
values OF railway and miscellaneous
mortgages with considerable trading
noted IN Issues Of rc-organized compa-
MES. The organized active sureties
moved narrowly. but participated in
the general strength which was most
material in the less known properties
The aggregate sales were 81, GIL, 600.
Governments were In moderate de-
mand and improvd slightly on purchases
OF s37. 900.