The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-06-22
EXCEEDING LY QUIET.
The Qule'ness Of Exchange Was Attributed
Partly to the Jubilee Meeting.
NET GAINS IN MAJORITY OF SHARES
The Most Oninous circumstances Of
thnt the Dealings Sank Into a Con.
hition OF Almost Total Apathy,
with Prices Tending Upward.

New York, June 21-The efforts Of the
professional traders to work a reaction
In the bull stock market again proved
abortive to-day, and the result of the
days trading shows net gains in the
majority OF standard shares. The re-
cent order Of things was somewhat re-
Versed In that the sagging tendency Of
prices came early in the day and it was
overcome later by the rally Perhaps
the most ominous circumstances OF the
gays market was the fact that the deal
lnss sank into q condition Of almost
total apathy, with prices tending up
ward. Dizziness on a decline is the evil
dence or an undertone Of strength. Dull
ness on rise is the evidence that
prices have reached a stage where deal
ers DO not care to put money into them
as speculation. There was however, no
pressure to sell stocks. The lower prices
at the opening came In face Of some
slight improveme In London, where,
however. the dealings were almost stag
nant. Later in the day London was 4
buyer, and was factor III rallying the
market. The effective instrument In
enecting the early decline was the talk
OF large gold shipments later in the
week To-morrow's shipments were not
Increased over the s1,350000 announced
IaSt week. The tone Of exchange was
nrnl. put the market was SO exceedingly
quiet that apprehension as to the vol
>
tent. The quietness of exchange was
attributed partly to the jubilee holiday
IN London 1t is believed that a ship
1nent Of gold OF quite large dimensions
WAL be made before the end OF the week
The Immediate impetus to the rally in
the market came from the strength in
the Fanderblts. This commenced in
northwest on the talk Of the progress
heing made in the plan to refund the
PONDS or this road In way to benefit
the stock The Improvement In Omaha
was Cue to sympathy with Northwest
which owns a controlling interest in
omaha. Both stocks were helped by
the general strength In the Granger
group on crop prospects. The favorable
showing Of New York Central for the
quarter With a surplus earned Of $3.50.
goo. against q deficit for the same nerio3
last year Of SLOT .OO2, broa dened the de-
lnand for the Nanderbilts and practical
~ all the members of the group ad-
Vancod. and the whole market was
sSirpath"t.''aiiv affected. The rise from
tne early low point in Omaha was 2ls.
Northwest l@S: New York Central. Tx
canada southern ! point, and Burling-
ton. ST. Paul and Rock Island larga
fraction each
New York New Haven and Hartford
gained ) over the lowest point, and Ice
- Northern Pacific preferred was
largely dealt in. and after n decline or
;
belief that the election of Daniel In
mont, representing the Hill interest, to
succeed President Winter. had been de.
ctded upon. Sugar lost Z on tn day.
arter 1luctuatins over 4 fractional range
quite erratically. Chicago Gas recover
ed practically all Of an carly decline Of
Us, Rubber preferred dropped pa ana
Consolidated Gas 2M
me total sales Of stocks to-day were
174aG6 shares. including Sugar $500
Surllngton and Quincy 1890. Chicago
Gas $500 Northwest 5000. Northern
Western Union 5000
Trading in bonds was quiet. and val
ues varied but little in the leading IS.
cues The undertone. however, was
nrhl, With some Of the usually inactive
mortgages conspicuous for material
600 Fi'o-1'
government bonds continued to move
UP on light purchases The transa ctions
were $4,000