New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-08-01
Saturday. July 31-r. m

saturday, July o1-H. m.
The stock market was irregular to-day and
showed the effects of end Of the week profit sales
In a number of small declines and fractional net
losses at the close. In the early business, the
trading element bought stocks. and there was
considerable commission house buying. but tow
ard the close realizing sales set in and although
there number of strong exceptions. ths
majority Of issues reacted under the sales by
profit takers. The Granger shares Rock Island
excepted. were fractionay lower. bur Chesa-
peake and Ohio and Northern Pacific stocks were
again strong at advancing values while else
where in the railroad list Manhattan. Susque-
hanna and Western preferred. Louisville and
Nashville, and Atchison issues were moderately
strong features. Buying OF Chesapeake and
Ohio both yesterday and to-day. reflected the
more favorable outlook for increased earnings.
and the same can be said Of Northern Pacific.
The strength in the last-named to-day also re-
fected the pending change In the presidency OF
the company. In the industrial list Chicago
Gas Consolidated Gas and United states
Leather preferred were higher Reading issues
were strong until the close. when pront-taNns
sales carried the prices down sharply. There
was no news affecting the course OF values, nut
the generally bright features in the financial
and Industrial situation continued strong argu-
ments for interest in the market. Although
business on the Exchange lasted only two hours.
total dealings ran up to above 10000 shares.
and In the bond department TO the par value OF
x1546OOO The dealings in stocks this week
have amounted to the large total Of 2.lo9S28
shares and In bonds to the par value OF sls,.
10000 or an average daily business in stocks o.
80 7O1 shares. and in bonds OF S3Ol3l66 Al
vances have been general in both departments
throughout the week. and the support has com
from Investment interests and from suDstantlai
market interests both OF which have been sum-
Gent TO offset heavy realizing sales and con-
slant bear efforts TO depress values. a feature
Of the dealings In the stock market has been ths
,,ariety of issues traded in the number OF diner
ent shares attracting speculative and investment
attention being larger than in any preceding
week in several years ,
The weekly statement OF the associated DAMN
reflected a loss to the banks on gold export
onerations and an increase in loans due TO stocH
market operations and mercantile porro"ins, '.e
increase in the last-named Item amounting n
x292l. 800. Cash holdings decreased Si''i,'".
made ND By an increase OF Sll9JD IN specie aI'S
a loss OF 81. so. 100 in legal tender notes. De
nosts Increased S5l9,3OO The result ~ az th'
changes was a loss In surplus reserve OF Slot';,
4o5 to S35 10 $50. against Sli..2S"n al VI"
time a year ago. and S4091I.lI3 In the same
,.eek In 1895 The banks lost on Sub-Ireasu.!
onerations but again gained on the interior SuI ,
rency movement. Bankers expect ~
falling off in receipts from the Interior ana
c,ded change may occur at any time al'houen
tho shipments for crop movement purposes na'
NOT he as large as usual on account 81 la'ke Nv
cunuIatiors held by interior institutions, ,
p-,ces for the last sales OF the princlpd' SUN
to-day compared with the fna nSures VI ''"
terday were as follows