The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-01
4 SENSE OF REBUFF l:|FF
there Was a Lack of AggressIyeness
Among the Bull Contingent.
BuOYAAcY TAKEN OUT OF PRICES
This Was the More Notable, az There
We're Not Such Hearty Offerings to
atealize as Was the Case on Tues.
d"S-No Change In tho Encoura.
gtng Outlook.

N>SH 4Sihs JOIle -1O-Q market
Ior securities was not distinctly reac-
t.onary at any time, as was yesterdays
put there was q lack Of aggr~essiveness
III II and q manifest sense of rebufr
among the bull contingent. The adj
nlonitlon contained by yesterdays lively
neit.ng by London tha the advance in
prices were going too fast, even If it
We're not going too far, was taken to
neart and had q quieting influence
There was a gentleness of demeanor
shown by the bulls and the uoyancy
was taken u OF prices generally. This
was the more notable as there were
not such hearty offerings to realize
profits as was the case yesterday. The
result was q dull market compared
with recent days, although the total
sales of all stocks approached 900, 900
SHARES. or these owe SO, 600 We're Of St.
Paul. and the addition Of sales of Sugar.
Burltngton, Chicago Gas, Rock IslarN
and Northern Pacific Preferred leaves
less than half the total still to be ac-
counted for. So far as general news
Mas concerned there was no change In
The encouraging outlook, which had
accompanied the long and steady ad-
vance. Crop advices continued good:
Such railroad earnings as were pub
3iShed were not discouraging; h like
Anood was strengthened that no gold
would go u this week, and the none
market displayed a distinctly better
lone than for weeks past. Rates for call
money were held at from ~ to 1kc..
as against l to 1Ac. for a long time
past. Merchants and importers were
IN the marke for loans on imports and
70 "lthdraW goods from bond and the
oe1nand for money to put into stocks
ana securities continued. After the
opening depression the bulls did, in
TACT. carry prices very generally above
last nights close. The Changers and
Coalers were particularly strong in this
III UI0 movement and tho .,,1
showed the firmest resistance to the
subsequent decline. Stocks which rose
more than a point over last nights
close We're Sugar, Rock Island, Consoli-
Ia,ed Ias, and Hudson and
Jersey Central. The subsequent reac-
non wiped out the gains through the
Whoie list. and the only important
STOCKS 10 rally to q net ain were Della
ware and Hudson, q point, and Rock
Island. Manhattan and Tennessee Coal.
even at the final rally, and extended
20 q point in Laclede Gas Preferred.
Lead. Pullman and Tobacco. There
were q few special causes for depres-
slon or individual stocks.
lhalvldual stocks, such as the ap-
pIehenslon that the sugar schedule of
the tariff bill would be changed so as
10 lesson the protection on refined
susar. Northern Pacific Preferred re-
1lected the belief among security deal
q" ia lle pans Tor the harmonious
operation Of Northern Pacific and Great
Northern a come to a. pause through
dl1ferences between President Hill and
Inc Northern Pacific voting trustees.
II Is probable that Industrial shares
generally reflected some apprehension
caused by the result or the tobacco
officials for combining In re-
straint OF trade. although a Disagree
1ient. showed ten jurors for conviction.
The total sales of stock to-day were
2so.oso shares, including Tobacco. $500:
81 n gar $500; Burlington and Quincy,
$4,000; Chicago Gas, "a 1920; New York
>. Il w, 1000; Northern Pacific Pro.
Ierred: 1880; Omaha. $500; READING.
7.soo: Rock Island, 16. 300: St. Paul. 81,
soo: Western Union. $500: New Jersey
Central. 6.i00. $50
me bond market was inactive. but
ruled fairly firm, although some Of the
speculative issues fell Off slightly on
the profit taking. Transactions In the
gilt edge bonds were quite numerous, at
substantial improvements In some In
stances. The aggregate sales we're
s2.524,o0O Governments continued Arm
on light dealings. The sales were $40. 600
Honey Market.
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