Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-04-14
MARKET REPORTS.
NEW YORK MARKET.
The Features Of the Days Dealings in All
the Leading Stocks.
Now York. April u.

New York, April -.
The stock market, today showed dull
ness and apathy through the carry hours
of trading though there were indications
of ilrmness in the general list. rms was
more notable in the face of the e&traor-
binary heavy liquidation in Reading. This
had its effect ultimately in spreading de-
preston to other properties, the railways,
however. generally holding firm. In the
final hour brisk buying movement
which had been gathering since about
midday. turned the course Of the whole
market strongly upward TO the top level
Of the day above last nights close.
The center Of interest in the market all
day was Reading, the sales OF trust re-
ccipts aggregating HOO and all the Sc
curlties of the company being actively
dealt in at declines. In spite OF these
heavy offerings the decline closed with a
loss Of u and rally set in on the stock.
The support accorded the stock was
credited - leading interest in anthrd-
cit, coal. Under this buying the price
rose two points to 1873 with only a slight
reaction at the close. though the early
selling acted as a check on the market
10y encouraging dealings.
The general market. even the fellow
properties IN the anthracite group were
not at frst affected in price by Reading
weakness There was good inquiry Tor
Now Jersey Central. There was reac-
tion in tine cJaleTs later induced by the
persistent selling in Reading. Susque-
hanna and Western pfd.. losing lie, Chi
cage Gas and Sugar also yielding sharp
traction ana some STOCKS on the Gtiltidi
list also showing some slight losses.
Tennessee Coal and Iron was another
stock that suffered from depression in
the carly dealings. losing ia.
But by midday the FIRST symptoms OF
e rally manifested themselves in the i'm
proved tone of coaiers. The completion
Of the profit taking In Chicago Gas was
followed by renewed buying OF the stock
and an upward jump on very large
transactions. The session Of the New
York Central directors set afioat rumor-
.hat refundlng plan would soon be an
uuunced which started buying move
neat in that stock and the other Van
derbilts. The annual report of Chicago,
Burlington & Quincy received a favorable
Interpretation and aided the upward
course Of prices. which became very gen
eral through the whole list on very ac-
tive dealings and d buoyant tone TO the
trading.
There was i lull in the activity, before
the close btn no important reaction In
prices. Chicago Gas gained ~ over the
low level and Sugar. General Electric,
Leather pfd., and Rubber pfd.. from l 10
Us. Burlington led the Changers with an
advance Of Ia New York Central rose
ia Omaha rs and Cleveland. Cincinnati
Chicago 4. ST. Louis Il. OF the coalers
Now Jersey Central advanced rs, Read
ing 2, do first pfd., 2i2, Lackawanna /.
Delaware x Hudson "a and Susquehanua
{: Western pfd., 1ai
Tennessee Coal and Iron Consolidated
Gas, Western Union and Brooklyn Union
an rose over q point and a fractional
gain was general throughout the list.
The closing was strong ana showed net
gains for the most part.