The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-13
PREDOMINATlTIEE:D[).
'hs Buoyancy Was a Sustaining Factor
Through tBe Whole List.
PROFITABLE PROTECTION PROMISED
Outside Of sugar tho Market Has
Dull. the Variations OF important
stocks ns!nE Smali and Wider Va
Nations Being shown on UMim-
pertnnt Stocks

s New York, July 12.-Sugar occupied
The largest share Of attention in the
! stock market to-day, and its buoyancy
5 was a sustaining factor through the
! whole list, with the exception of such
stocks as were subjected to special de-
! pressing influences. The course. of sugar
was directed by the gossip from about
the rooms of the tariff conference, in
washington. and the price sufficiently
4 indicates that this pointed to action
mat would insure profitable protection
on refined sugar The outstanding short
4 interest, which has been reputed to be
iarse, showed "a nervous apprehension
under the persistent strength of the
1 STOCK, and the extensive covering car
RED the stock up by leaps and bounds,
me closing being buoyant at 1876, the
HiEh point and six points above the low
point. The movement to cover became
something like stampede at the close,
large blocks changing hands Oh the ris-
ing price. The sales of this stock reach
ed a total Of over $4,000 shares, which
was over one-half the aggregate of all
SAFES. The price reached, 1876, is the
hlghest on record for the stock. On
1une 18th the price touched 100 and has
SINCE ruled below that figure until to-
day. Outside of Sugar the market was
sFull. the variations OF important stocks
81 " u u q ptlIlS
[sshown only In unimportant stocks. The
openlnG was higher and quite distinctly
d~lsregardful of the tone Of the London
exchange, on which prices were lower.
The international shares were, how
ever. comparatively neglected. Louis
vile n Nashville was heavy on the
on the statement showing
a decrease in the surplus Of S415, 344.
Northern Pacific Preferred was also Of
Tered quite freely, but recovered its loss.
Inc Rubber shares were weak on be-
vel IN ~dissensions in the directory, the
preferred stock losing pa. Pacific Mai
I~Hdvanced to 32H, but lost the gain. The
Iransers showed marked depression
during a portion of the day. receding an
average Of about n point below the carly
gain, but they recovered the loss. The
Anthracite roads were firm in symDa-
they with the strength of Lehlgh Val
ley In Philadelphia and on q. belief in
nenefts to accrue In the Anthracite
trade from the soft coal stock. Dcs
Moines and Fort Dodge, Chicago, Great
western. Brooklyn Rapid Transit and
RIO Grande Western were quite strong.
Features Of the day were the appearance
OF grain and cotton bills OF exchange i'm
the market, and some short selling Of
long bills Of exchange. There was no
tuflher hardening Of exchange rates
manifest and the indication Is strength
ened that gold shipments for the season
are over.
The bond market was fairly active,
with fr~nctionally higher vaIue preva-
isn't IN the speculative issues. Some OF
Tie less known securities displayed ar
gresslve strength and a good demand
was apparent for the middle grade is
sues. Fluctuations generally were ex-
trcmely narrow. The aggregate sales
were $1,075.0O0. Government bonds were
.Heli supported and gained n fraction on
purchase of 500, 900.