The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-06-05
OCCASIONAL TIMIDIT[iY.
As to the Stability Of Values Which Has
Been Sustained for Some Time.
CHICAGO GAS CENTRE OF INTEREST
Determined Drive Was Made Against
This Stock Along Toward tho Close
Of the alnrket, Evidently for tho
Purpose of Effectins IL Decline in
tho General Market,

New 4Ork, juno 4.-There were some
ioom traders on the Stock EXCHANGE to-
day who manifested occasional timidity
as to the stability OF values at the i'm
proVement which has been sustained
now Tor the greater part of two weeks
l9lls element took their profits from
s .n1I TO time during the day and their
selling had slight temporary effect by
causing small recessions in the more
susceptible stocks But the offers to
realize We're absorbed without notable
eject on the general market, which re-
manned strong and firm all day, and
closed at practically the best prices Of
the day, net gains being the rule, which
extended to noteworthy proportions in
some Of the specialtes.
chicago Gas was the centre Of in
+ terest III the market and displayed a
continuance Of the strength which it has
enjoyed for quite q heightened period
a determined drive was made against
This stock along toward the close Of
Ehe market, apparently with the purpose
OIL erecting q decline in the general mar
ket by inducing sales to realize as was
done yesterday. The Gas stock was in
TACT. driven down III per cent, and
some losses occurred at the same time
IN the general list. But there was no
Rlch rush to realize as marked down
prices at the close yesterday, and Chi
caEo Gas more than recovered its loss,
and the market generally rose to the
nigh point before the close. The newly
market made manifest by the commits
sion house buying, was the noteworthy
sustaining interest in the market Or
GERS were forthcoming in all the lea ding
stocks upon the smallest recession in
price. There was Il marked demand for
shares from the shorts III some Of the
STOCKS that have been heavily sold OF
late The Reading shares ;lSo register
ca notable gains and were Freely bought
There was a CGincidgu. zri.:,.En Of Lee
~, Jl,t MAJ "a -, :. q
ports OF the securing ~ rtI"! IN the
company by a large iinaECisl interest
identified with coal by INK HI, up an on
ton obtained some tame ;.m..
FURTHER scrutiny and scuGS Of the
Northwest report Impaired aggressive
strength to the stock Of that company
and. by sympathy to the whole Grang-
er group. constituting what is appar-
emily, though flguratively tcrmed.a back
log TO the market. Northwcst's net
gain was y per cent. London was much
less Of Il factor than for several DAYS
past, though there We're purchases for
London account in a number of stocks.
Ihesc were probably curtailcd on &C
count Of tomorrow and Monday, both
being holidays in London. The Gould
shares We're under some special pres
sure. Missouri Pacific and Western
Union both losing 4 fraction on the day
III spite or an increase Of gross earn
1nTs for the fourth week in Nav by
the former of $4,000.
Inc engagement OF $500. 900 in gold for
shipment to Europe was without appre-
ciahlc effect on the market. The total
sale OF stocks to-day were 2O5,27I shares,
including American Sugar Refinery. l3.-
zoo: burlington and Quincy, 16,400: Chi
cage Gas, 39.S0O; Northwest I. 400: Read
ing, 100; Rock Island, G,900: ST Paul,
$4,000: Western Union. $500; Jersey Cen
trail. 20.200
The strength OF the bond market con-
a II tod q rc; y
gree OF confidence was noted In the
dealings. Large Blocks Of the leading
securities changed hands and invest :
ment interests took liberal absorption
OF the active international mortgages by
foreign interests tends TO impart q con-
siderable degree OF Duoyancy to the
general speculation which is accelerated
somewhat by the favorable develop
ments In individual issues The agsre-
gate sales We're 50 256 900