The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-05-07
r. tma,letal.
Considerable Strength Apparent in Yester-
days Stock Market.

Considerable Strength Apparent in Yester-
days Stock Market.
New York, May 6.-There was con-
siderable strength apparent In to-day's
market, but it was due rather to the
combined effect Of special influences on
individual stocks than to any develop
ments in affairs affecting values gen
orally III the market. The narrowness
of the market and its professional
character left it very susceptible to
such influences and the fact that the
short interest has been largely reduced
was shown by the small dimensions of
the manipulative movements to offset
the advance. 1t will be remembered
that prices were sold off yesterday.
The international stocks showed
rather exceptional strength, and it was
natural that there should be some re-
oovery of yesterdays losses. 1t was
noised about the board room floor dur
ing the day that one of the largest
railroad interests had given an order
for an enlargement for it's holdings and
the room traders accepted this as a
suggestion to buy. Many stock move
ments were largely due to special in
fluences and their influence on the gen
eral list was only sympathetic.
The strength of Chicago Gas was
such an influence, the dealings in that
stock being larger than any other on
the list. 1t, together with Western
Union, Sugar, Burlington and St Paul
absorbed about half the total sales Of
the day. The pressure of the Gould
shares continued very severe and the
long continued weakness of these,
coupled with the absence of inside sup
port causes the circulation Of rumors
of liquidation of heavy interests. Later
the prices of the group showed COM
plete recovery on reassuring statements
from other sources.
There was more or less restriction
manifest on the movement Of Sugar,
which was attributed to polite pur-
pose to prevent very manifest response
| in the price as a result of the announce
| ment of the tariff bill Omaha declined
| because no further dividend is probable
| this year. Chicago and Alton made a
| marked decline and Tennessee Coal and
Iron enjoyed an advantage on the an
nounced of its controversy with its
| laborers. The net gain on the standard
| shares on an average was large frac-
| ton.
The decline in Missouri Pacific reach
ed rs, the recovery being almost com
plete. Brooklyn Union Gas jumped ~
and the Metropolitan Traction 4. New
Jersey Central gained IL and Delaware
and Hudson rs. Chicago and Alton
which was 166 bid last night, was solo
at 1853 and closed at 155 bid. The de
cline in Omaha was IL, with a rally O.
point. The grangers showed excep
tional strength, advancing from IL t
rs, the latter Rock Island. Other gain;
were: Lake Shore, 3; New York Cen
trail, rs, and Northern Pacific POINT
The bond market broadened appre
ciably But few important changes
Were scored in prices. The underton
of the market was quite firm. Thu
sales were 81 ,127 900.
| Governments were more active ant
advanced slightly on purchases o
100000
Following are the closing prices re
ported by Prince & Whitley, banker
and brokers. Is Broadway, New York
and 10 Center street, New Haven:
1