The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1897-09-10
NAVAL STORES.
New York stock Market.

New York, September s.-Today's
stock market was very irregular. but
it was much less under manipulation
than for over a week past. The gem
eral tone was one OF strength. There
was realizing on a large scale all day.
but the offerings for this purpose were
more nearly absorbed. There was no
one stock lifted by sensational jumps to
stimulate buying Of those realizing Of
ferings. a condition in marked contrast
to the invariable rule for many days
past. Northern Pacific preferred. which
was the stock under manipulation for
a rise yesterday, was rather n drag
on the market all day today n lost
a point OF its gain. the common stock
showing a fractional advance. The
course Of the market was downward at
the opening. the internationals and
grangers leading, in sympathy with the
declines in Americans on the London
exchange. Strength developed in a
number of stocks which stemmed the
decline and carried prices to the best
Of the day. Profit taking at the close
caused the loss of part OF the gain, so
that net changes in many OF the lead
ing shares are Of very narrow proper
tons. The decision OF the Atchison d.
rectors TO pay 3 per cent. on the ad-
justment bonds out OF the earnings for
the year ending June 30th, directed at
tention to the securities of that COM
pany and all Of he stocks and bonds
were very active and very strong all
day. The preferred stock, which had
been held down by realizing sales for
sometime past. opened off ~, but rose
at n time pa points from the lowest.
Profit taking at the close reduced its
net gain to ~ per cent. The adjust
ment bonds gained a point net.
There were 1900 shares OF the pre-
ferred stock sold during the day. New
York Central lost a point In the early
dealings, but more than recovered It
on the publication Of the statement of
August earnings, showing an increase
of $456,219 The moved very
narrowly all day and showed n large
falling off in activity, except st. Paul.
which came nex to Atchison preferred
with sales of $1,000 shares. The stock
declined f~ractionally at the opening.
but rose strong 1A and fell off n frac-
ton at the close on profit taking. Sugar
was subject to a rush to realize when
it became known that the directors
had declared only the regular quarterly
dividends Of 3 per cent. on the common
and ~ per cent. on the preferred
stocks. 1t had been rumored that an
extra dividend would be declared. AZ
ter rising to 1864 after the opening. the
price fell to 153 and fiuctuated in a
very cratic manner but clQSaauat a
recovery Of over 2 points. The pre-
ferred stock also fell over 2 points. No
table gains were made by the lead
stocks, the common gaining nearly z
points and the preferred 3 points. Il
linois Central gained "a per cent. on
reports Of large increase in the earn
ings. Louisville, Southern preferred
and Mobile and Ohio recovered a point
or e Of their early depression. which
was due to the yellow fever scare.
There was some movement I'm stocks OF
soft coal roads On prospects OF a set
Element Of the miners strike. Wheel
ing and Lake Erie preferred gained 2E.
Consolidated Gas jumped 5 points over
yesterdays high record price to 207K.
Total sales of stocks today were $50. 6s2
shares.
Dealings In bonds were OF large pro-
portions n at higher prices. Total
sales were 81. 500. 900. The Atchison.
Northern Pacific and Union Pacific. and
Gulf issues absorbed the bulk Of the
dealings. United States bonds were
higher, the old as coupon being quoted
at 113L bid, a rise of 2k.