The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1897-06-25
The New York STOCK Market,

New York. June 2-Toiay was another
day OF marked strength I'm the market
for stocks. the dealing being large and
the buying demand keen. so hat the
tendency OF prices was strongly upward.
There were ups and downs during the
day. the latter on profit taking for the
most part, but the close OF the days
trading found prices generally above last
nights close. TIL outside interest I'm tho
market shows large increase. and COM
mission houses report "A great accession
of orders OF a speculative character. fol-
lowing the solid investment buying that
has been going on for some time. and
which today's developments indicate Ia
still going on. This buying was almost
wholly a result Of the confidence I'm the
general outlook for business. There was
little news accompanying the upward
movement OF prices and. therefore. little
TO record beyond the mere changes I'm
prices. Good buying continued I'm North
western. The CHANGERS were all I'm keen
demand and showed n substantial gain
on the day. The same was true OF all
western and so~uthwcstern railroad prop
critics. where. the crops promise 10 he
abundant and bring business improve
ment all through those sections. Sugar
and Chicago Gas were both under pres
sure at different times during the day.
and held back the market. When those
two stocks came into harmony with the
mar e ana move ulhNsiN. the hlElt$t
prices Of the day were recorded FOR many
stocks. The strength i'm the coalors de-
Neloped after noon and tn" movement I'm
the group became strong and aggressive
and the dealings quite animated. The
rate at which prices ros" was an indica-
ton that there Il not a large quantity OF
| these stocks. except Reading. floating in
the market. Sharp advances in some OF
the high priced investment stocks were
n feature. New York. Lackawanna and
Western jumping 3l3 on the sale OF 100
| shares The volume of dealings was
large. but Sugar. St. Paul. Chicago Gas.
burlington, Reading, and Tobacco alb
Sorbed half the total sales. st Paul at
sl4 touched the highest price since the
panic of 1S93.
The announcement OF an additional
shipment Of $3.50. 600 I'm gold by tomorrow.
steamer only affected the market for n
brief time. The gains i'm the coalers ex.
tended to 2l2 for Delaware and Hudson.
q. for New Jersey Central. 2 for Lacka-
wanna and ia for Reading. first pre-
ferred. Susquchanna and Western lost a
fraction. Tobacco jumped to - and re-
acted at Ia. while the preferred stock
gained a similar amount and held IT.
Other gains were: Pullman ?, and Iowa
Central. Lake Erie and Western, common
and preferred. Louisville. Bay State Gas,
Illinois Steel, Lead. preferred. consoli.
dated Ice, common and preferred, gained
a point or over. Colorado Fuel lost ~.
sugar moved over a rang" OF H.. but
|, The total sale OF stocks today was go.
: $50 shares, including American Tobacco
Company 1900. American Sugar %. 2Dc
: Burlington ana Quincy -. 800. Chicago Ga,
= %. 400, Omaha 100. Reading Il. 500, Rocl
-, Island 5000. st. Paul 3.go. The bone
: market showed no abatement OF the de
. cided strength that has characterized III
> operations for some time. The specula
ton was quite broad and material gain
;. were established in many liens. TIN
, middle grade securities were largely deal
in and registered the extreme improve
ments. which extended to ~ per cent. II
Peoria. Decatur and Evansville lists
Evansville division. The aggregate sale
were 81. SOS. go. Government bonds wer
neglected at the board.