The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-04-09
A LOCAL
DISEASE
A CLIMATIC
AFFECTION
Etmamclal.
An Unmistakable Improvement In the
Stock Market.

Stock Market.
New York. April S.-There was an un-
mistakable Improvement in the market
over that which has prevailed of late.
The market was not active, but there
was good buying and the general list
was firm. There was disposition to
feel various points in the market and
where resistance of values was found
there was buying of stock. The gen.
eral average price was higher at the
close than at last nights close. APP
parently no apprehension was caused
by the notificat ton sent to the roads in
the Joint Traffic association calling for
Information regarding their contracts,
agreements not reduced to writing and
rates. 1t was rather felt that this would
serve to bring into line the roads which
are not disposed to maintain rates.
The grangers held firm to-day, being
favorably affected by the recovery in
the wheat market All showed gains
which reached III in the case of Bur-
lington and in the case of st. Paul.
The southwesterns did not share to the
full in the general Improvement in the
railway properties. But the industrials
and specialties must be looked to for
the main activity Of the market
The coalers showed a recuperating
tendency, New Jersey Central gaining
IL and Lackawanna 2s, the latter on
extremely limited dealings. Sugar was
far in the lead In the market with a
third Of the total sales of the day to its
credit, the sales of Sugar aggregating
10000 shares. There was a steady adj
vance in the price under this buying,
reaching 21a to 114ss at the close. A
large part of this buying was said to be
by short interest and 1t had its effect In
raising prices in the general list. The
shorts were also in evidence in Chicago
Gas in which the dealings were heavy,
the dealers who sold early in the week
on professed alarm over the municipal
election in Chicago seeking cover The
stock rose 1ia.
Local gas stocks We're also prominent
In the days Improvement and reflected
| the satisfaction with the bill passed by
the senate at Albany for progressive re-
duction in the price of gas to 81 thou
sand cubic feet. Consolidated Gas
gained 3 points and Brooklyn Union
| "a. Tobacco was temporarily depress-
| ed on a report Of a cut in price for
| plug tobacco by a competitor but in
| side support was forthcoming and the
| stock rallied to net gain. Leather
preferred was also heavy at the start
but later rose Us with the general inn
| provement.
| Quite AMI active demand developed
for the Gould shares in the last hour OF
trading, and Manhattan gained 11s and
| Western Union IL. Standard Oil touch
ed 295 on reports of an intended in
crease in the capitalization. Canadian
Pacific showed an advance of 2A. The
| closing was strong and in nearly all
cases at the highest level Of the day.
The bond market developed fair de-
gree of activity, but changes were UNI
usually narrow except in few instan-
ces. The market generally displayed
f1rmness, but operations were largely
restricted to the speculative lines. The
bond sales were ISL ,0S7 900
/ Following are the closing prices re.
| ported by Prince & Whitley, bankers
| and brokers. 16, Broadway, New York
| and IS Center Street, New Haven: