The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-23
NOT @ A WEAK SPOT
solu'7 'e5s Business, both ii Stocks aid
Blolnllds, Was Large and Broad ...
LOSS Of OYER ONE POINT IN SUGAR
i l.''c Changers an., Southwest r,, svcro
t"oc|i"f.esdcrs in tho bays Onward
.""ye'nent Oh I.nr=c licalin.s->rhc
s'on1crs We're Neglected, Bcca,,sc, OF
the Trade Conditions.

- - . =
weak spo: In the. whole list to-day. save
. ny loss OF over q Point in Sugar quo
4 .Atlohs. The volume Of business was
!arse and broad. Bonds as well as
STOCKS were strong, and the dealings en-
ENDED 10 many hitherto moribund Sc.
4 curtIes =, %
4 necteased exports of grain and lower
"asions Tor wheat as we'll as Lon
uoli arbitraSeG sales, were ignored and
the market advanced on POOL support.
me highest figures were recorded in
II ,Hany securities about noon, but an EVEN
Il .arser number of secu- i;Ies scored about
a t,ielr oesi prices at the close. Some fo:-
4 eish houses are of the opinion that Lon
il don - heavily short and anticipate in
4 'ereSllng developments II the end OF The
uecount next week. Brokers having lit
nc lalth That there would be much
change IN the sterling exchange market,
gave but temporary attention to. y, edic
tiohs that some S2,00O,O0O in geld would
oe exported 10 Paris on Saturday. The
continent has been buying gold. and
Win easy money here this country can
spare the gold more readily than an
other. Extensive commission house
ouSins to-day was a Iosent factorin th,
markei,s Strength, and it remains TO be
seen whether, now that the public is
1faklne hold Of The market, professional
traders will unload upon 1t as usual
London advices were that # the present
movement in Americans continued the
H:ltish public would come in us pur-
chasGtr. hu; that although a larger husi-
ress was being transacted in Americans
le-a'i&' ihRl usual, i. was principally on
sentimental and American account Sl,-
Bar rel FL 10 40 in he initial dealings
E2GHNc!ed tue Osa.iut2H a. a s ain pressed
~ r%tie, 1n,i ended with loss Of l3s
lh@ Ora nSera and Sauthwest ern Wee
me leaders in the days upward move
AeNt m large dealings. Other stocks
CONSPICUOUS for their strength and ac-
xhHt;S were Lead, Chicago Gas, General
SSElec.iic. Louisville and Nashville and
ne Gould shares. Rock Island scored
q net advance of 21a poin:s on rumors
OF increased earning capacity Buntng-
lon on similar influences was betiered 10
the extent Of a point and a half. Coal
ers were neglected because Of the trade
conditions Anne! lean spirits preferred
rose point on heavy buying by the
same interests recently active in Sugar
and St. Paul. The lis, in Indussrials,
including point and a quarter i'll Cot
ton Oil common and two III the pre-
ferrcd one In starch second preferred,
were attributed to an expected Increase
demand or their products, said 10 be ex-
pccted because CT the new tariff. Gene
raj Electric advanced III on uncouiirm-
cd :eno-tS OF an adj ilh; tmcnt Of ba ok
dividends on the preferred stock. The
market generally closed with net adj
vance Of ~.
The total sales OF stocks for the day
were i5S,760 shares. including Atchison
preferred, G,+S2; Chicago, Burlington and
Quincy, 35, 1913; Louisville ana Nashville,
1926; Manhattan Il. $500; Missouri
Pacific. 5,425; Missouri, Kansas and Tex
,Ea.. 100; Missouri, Kansas and Texas
preferred, 12,314; Missouri Pacific pre-
fcrrcd 47S0: Reading. $3.50; Rock Island,
:2,6lS; ST. Paul. 33,79l; Southern railway
preferred, 95S7; Texas and Pacific, s,4GO
, Union Pacific, 1916; American Spirits.
lG.S02; Tobacco, 1895; Chicago Gas, II,
i:'5; General Electric. 1854: Lead. 12,S75;
Sugar, 49.243; Western Union, 5,7G5
The bond market continued 10 reflect
q brisk demand for investment and spec
uhative account, which included nunc-
rous of the middle grade and speculative
issues. Values moved uNinterruptcdly
upward and at the top levcl indicated.
gains OF ] per cent or the!eabout in the
leading mortgages. improvements;
were, rs rule. more material in the
usually inactive securities. The aggre-
gate les We're 81. 600, 600