The daily morning journal and courier., 1897-07-08
EiuamctaI.
Most Notable Advances in Stocks Yester-
 day Since "A Week Ago Last Monday.


 day since Week Ago Last Monday.
 New York, July 7.-To-days market for securities showed the most notable advances In prices that have occurred since week ago last Monday, the day of the bulge" which was looked upon as marking the continuation of the up- ward movement. But whereas the sales on that day reached an aggregate of over 500,0O0 shares, to-day's total sales fell below 1S0,000 shares, which is the minimum for many weeks except yes- terday.
 The market was in the last degree professional and reflected no wide spread public sentiment regarding the outlook for values and probably no very we'll defined or competent private sen- timent. The professional traders ever present desire to see prices move was about the only motive that could be dis cerned in the trading.
 The short selling of the last few days has had so little effect in bringing out large offerings of stock that timidity overcame the shorts when the rise had attained only small proportions and the measures they took to cover losses help ed the advance.
 The outside public took no part in the market, the commission house or ders having dropped practically out. London dealers also continued their dis trustful attitude towards American se- curities and sold down prices of the railroad shares dealt Tn on both ex- changes. It was not until after the London exchange had ceased trading for the day that any great. strength ap- peared in this market.
 The local security dealers have ac- cepted as demonstrated fact that for eign capitalists are not yet ready to buy American securities, as 1t was hop ed they would do when improving con- ditions and a rising market formed an attraction. The rise in prices here has simply invited foreigners to take profits Estimates of the number of shares now crossing the Atlantic for delivery to purchasers here run as high as 50,000, large part of which are said to be St. Paul. This stock absorbed one-fifth of all the dealings on the exchange to- day.
 London selling depressed it F early, but it recovered buoyantly and closed with net gain of 1B. The strength in this stock and in Sugar had an impor- tant bearing on. the movement of the whole market. The prospects for crops and increased earnings was the argu- ment for the advance in the railways. St. Paul touched 84B,, which carries 1t above last weeks rise again Sugar enjoyed the benefit of yesterdays vote in the senate and the prospect of the early enactment of the tariff bill Its net gain was 1ss.
 The anthracite stocks were bought on the belief that the .prolongation of the strike of soft coal miners would help the anthracite business Manhattan was marked exception to the general strength and lost point. A few other shares lost fractions, Sbut gains were the rule and these extended to a point or over besides those mentioned above, in Northwest, Chicago Great Western, Delaware and Hudson, tDes Moines and Fort Dodge, Minneapolis and St Louis, Minneapolis and St. Louis first and sec ond preferred, Lead and Susquehanna and Western preferred.
 Bond values generally trended up- ward on a moderate volume of dealings, but gains were slight as rule. Brook lyn Transit fives touched 85. The ag- gregate sales were s1 1,417,000.
 Governments were quiet, but firmly held. Sales $5000. 46 .kt , Following are the closing prices re- ported by Prince & Whitely, bankers and brokers, IS Broadway. New York, and 15 Center street New Haven: