The daily morning journal and courier., 1897-07-29

outlook. Probably over half a. million bushels of wheat were engaged for ex- port to the continent, although only some third of million was reported from outside ports. The favorable weekly government grain report was doubtless a factor in the recovery of confidence to the disconcertion of the reactionists on the stock market.
 But little effect was felt in the early dealings from lower London quotations as the continuance of recent heavy buy ing by New York on the London ex- change reversed that market, Ameri- cans there closing at the best prices of the day. Atchison in particular at tracted attention. As London in the early dealings did not respond very quickly to the local strength, arbitrage brokers found frequent opportunities to buy in London and sell at profit here.
 Meanwhile, however, Louisville, Atch- ison, Southern and Reading were pur- chased here for foreign account There was much variety and breadth to the dealings here with heavy commission house orders from practically the open ing to the close. More stocks were &C., tive to-day than at any time in the present upward movement. Cotton Oil, Lake Erie mad Western, and Oregon Navigation shares and other usually dormant as well as the more active stocks,as for instance, Sugar and Atch- inson preferred, were features of the days dealings.
 The tndustrials and grangers, on large dealings, aroused considerable inter- est, being up fractionally. Southern Railway properties, including Louis- vile and Nashville preferred, were up over a point each on prospective in- creased earnings when cotton begins to move freely. Rumors that the results of the Wabash fiscal year were better than recently expected caused the pre- ferred to rise over a point
 Sugar after fluctuating erratically touched 1884, 2 per cent. of the gain it lost on bear attacks in the final deal ings, leaving the net gain less than a point. The raid had but little influence on the rest of the list, the buying con- tinuing good up to the close, although some speculators realized profits on | purchases made earlier in the day. On | Boston and local buying Rubber pre- ferred gained three points and the com- mon one point Rock Island gained nearly 8 point on information that the earnings for the third week in July would show a large increase over last year showing the large volume of bus mess now being handled by the road. | hj SotI +as !, ceived by some of the directors. Two rumors circulated to-day considerably benefited the properties concerned They were that action might be taken on the dividend for Louisville before the January meeting and that per cent. would be paid on the Atchison ad- justment in October. On less than the usual dealings Tobacco rose fractional 1y.
 There were no important losses and the principal net advances were Rub l Der preferred%9, Cotton Oil 214, Lake Erie and Western preferred 22s, Ore gon Navigation 2B, Oregon. Navigation preferred BE, Southern Railway pre- ferred, Atchison preferred, Cotton Oil preferred, Standard Rope, Lake Erie and Western, Louisville, and Saratoga Southern preferred, St. Paul and Du- luth, American Spirits, common and preferred Wabash preferred and St 1 Louis and Southwestern preferred
 A keen inquiry developed for Atch- ison adjustment fours which moved up 4 3 points. This issue has been rather neglected of late and the revival of activity was attributed in part to for eign purchases based on the excellent outlook for increased earnings by the i southwestern roads, The general bond market moved up sharply on heavy dealings which ipcluded a considerable variety of securities. The aggregate sales were $3,100,000.
 Governments were quiet but contin- ued to tend upward. The aggregate sales were s10,000
 Following are the closing prices re- ported by Prince & Whitely, bankers and brokers, 16 Broadway, New York, and 15 Center street. New Haven: ! Bid. Asked