The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-30
MARKET QUOTATIONS
. Resume Of Money Transactions From
Money Centres Yesterday.
THE BEARS RAID The MARKET.
sustaining Influences wcro Favor.
able For Wheat and Coiton-Sur.
pcn,snc WINS Firm nnd Flour Un-
easy, While 0ther Articles Gen.
orally show Activity.

NEW 1ork, July 29.-The stock market
was strong with q generally wholesome
LOOK until delivery hour, when the bears
ralded the market on rumors Of unfa-
vorable crop advices from the Dakotas
anu that gold exports on Saturday
would be In excess OF two million dol
iars, causing the close to be irregular at
siisht recoveries from the lowest, but
win the greatest number of shares
moving net increases for the day. Sus-
tanning influences on the market were
favorable traffic statements, rising quo
tatlons for wheat INK cotton, with the
engagement Of another half million
bushels OF wheat from outports. Ameri-
cans In London were attracting a broad
enins interest, London buying and SELL
Ing some 25, 900 shares here.
AT the same time the Continent, in a
moderate degree. purchased Americans
IN London. The market was featured by
violent fluctuations in the speclalties
and aggressive strength and activity Of
low priced stocks which hitherto had
participated In only q slight extent In
the general rise. Southern and South
western groups were exceptionally
on foreign and domestic purchases on
& TunlorS In regard to dividend
strong. Southern preferred advanced
prospects, but tho movement was proba-
bly, part of that recently displayed IN
other Southern securities. On prophe-
cies that a series Of bearish Interviews
with sugar people would be published.
sugar, which had risen to 1872, was
forced down to 1877, but rallied Il point.
In the late trading It was claimed that
sales had been made of Dutch granu-
lated for September shipment, the for
eign rctincrs having Iefused bounties
thereon, SO that the American counter
Valling duty might be avoided. Gene
raj Electric advanced rs. the contracts
OF the company placed abroad being ia
vo;ably commented upon. Brooklyn
Rapid Transit developed early weakness
and receded az, but rallied a point. Sus-
~quehanna and Western preferred broke
n point and n quarter IN sympathy with
the reactioHary movement anlong the
: snthracite coalers. Delaware and Hud-
son also lost n point. The Changers. ex-
cent Burlington and Omaha. which held
their own. rcceded fractionally. The June
net earnings of Burlington were over
SlO0, 900 above those Of last year, and
same amount in excess of those of last
May. This was interpreted as a most
favorable showing. A slight rise in ST.
yer and the export OF Sl00. 600 in gold to
Canada were OF some interest to The
street. There were advances Of a point
or more In about ~ shares with similar
declines in seven others. The total sales
of stocks to-day were 444 $50 shares, in
Guiding Atchison preferred. AZ, 500; Ches-
aneakc and Ohio, 25.O17; Missouri Pacific.
s.5O5; Reading, 1886; Rock Island. 49,
705; s.. Paul, 24.50S; Southern railway,
6,100; do. preferred, 24.465; Wabash. pre-
ferged. II ,035; Tobacco. 1882; Chicago
Gas. 5.135; Colorado Fuel and Iron, a.
Gil; General Electric. 1912; Pacific Mail,
6.420: Sugar. 27,66G; Tennessee Coal and
Iron, 9.655.
The transactions in railway and mis-
cellaneous mortgages aggregated the
largest total noted In some years, name
~ So, 9i0. 900. This included an extensive
! variety Of issues in which Improvements
of substantial proportions were general,
but the most noteworthy in the middle
grade lines. Purchases for investment
account were freely noted and n brisk
demands for the low-p!iccd bonds was
recorded by the foreign arbitraGe
houses.
Governments were In good demand,
and improved slightly on purchases OF
Si3, 000.