The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-06-25
STOCKS AND BONDS
PRICES OF STOCKS MsK5AN ADD
OPTIONAL ADVANCE.
Top Level In the Present Boil Movemeu,
Put One Notch Higher Advances No,
Universal. and Some Prices are Lower
Volume OF Dealings Less Than Uedues-
ers Remain Strong in spite Of Crop
Damage Rumors-Enecs Of The ST. r. a;
Statement,

New York, June 24-The prices OF stocks
made further progressive advance today.
putting the top level n the current bull
movement one notch higher The advances
were not universal. and some prices are
lower, the anthracite coal group losing
something OF its strong advance Of yester-
day. The international shares. some OF
them, displayed the sympathetic effect OF
lower prices in London and OF selling here
for London account. Others Of this group
were bought for London account and gain
ed In price. There were times during the
Gay when prices were generally below las
nights close, and there was evidence of
heavy realizing in some stocks. The vol
rne Of the dealings was smaller by over 40. :
600 shares than yesterday, but was rather
better distributed, though the granzers.
Chicago Gas. Bay States Gas and Sugar
absorbed about three-ffths Of the total deal
irgs. An aggressive advance Of North
west, which was resumed after a DAYS
halt, carried that stock up 2sl per cent, to
-1IA per cent, and was a sustaining infiu-
erce il the whole market The grange-s
also maintained their strong upward ten
dency, and their potent influence in the
market under heavy dealings and in spite
OF some alarmist reports OF damage 10 the
crops. The belief in hood crop prospects,
which advanced the price of this group.
was an Influence on nearly every railroad
property in the west whose securities are
dealt n on the exchange. ST. PaUI's third
week statement, showing an increase IL.
gross earnings Of over 50 GO, was an en-
couragipg factor. This roads earnings have
been greater each week IN the present
month than in the corresponding week Of
sny year since 1893. Forecasts OF May
statements of the grangex roads give sug-
sestions of favorable showing and have
helped the advance. There is reported some
movement OF currency OF small denomina-
ton to some interior points. OF small pro-
portions as yet. but which is looked upon
as indicating a revival business activity.
The strength of the market Is almost en-
tIrely due TO confidence IN the general out
look. but number of individual stocks
were strong on account OF special causes,
including Tobacco. Bay State Gas, Rub
Der preferred. and Leather preferred. Sugar
was somewhat erratic ard remained some
what below yesterdays close most OF the
10y C4LNeT pfcSSCle, 10 lcd!lZcs oul rlSlDS
10 4 per cent above yesterdays close in the
final transactions. small losses are shown
in some of the low-pgiced southwssterners,
number OF the less prominent Wander
Dit stocks, and m some other special cases
Otherwise gains were general. In grang-
ers, outside of Northwest, Rock Island led
with gain of rs per cent. The re-organi-
cation active railway securities moved mar
rowly but participated in the general,
strength. which was most material in the
less known properties. Peoria, RIO Grande
Western firsts advanced per cent TO a
per cent. The aggregate sales were Sl.611,-
COO.
Governments were IN moderate demand
and improved slightly on purchases CT $751;
90