The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-06-05
Financial.


Feature of Yesterdays Market.
New York, June 4.-There were some
room traders on the stock exchange to-
day who manifested timidlty as to the
stability of values at the Improvement
which has been sustained for the great
er part OF two weeks, This element
took their profits from time to time
during the day and their selling had a
slight temporary effect by causing
small recessions in the more suscepti-
bic stocks. But the offers to realize
were absorbed without notable effect
on the general market, which remained
strong and firm all day and closed at
practically the best prices OF the day,
net gains being the rule which extended
to noteworthy proportions in some of
the specialties.
Chicago Gas was the center of inter-
est of interest in the market and dis
played a continuance of the strength
which it has enjoyed for quite length
ened period. "A determined drive was
made against this stock along towards
the close of the market, also apparently
with the purpose of effecting decline
in the general market with the purpose
of effecting a decline in the general
market by inducing sales to realize, as
was done yesterday. The Gas stock
was in fact driven down IL per cent,
and some losses occurred at the same
| time in the general list. But there was
no such rush to realize as marked
down prices at the close yesterday, and
| Chicago Gas more than recovered its
| loss and the market generally rose to
| the point before the close.
| The newly reawakened outside inter
est in the market, made manifest by
the commission house buying was the
noteworthy sustaining interest in the
market Orders were Forthcoming in
all the leading stocks upon the smallest
recession in price. There was a mark
ed demand for shares from the shorts
in some of the stocks that have been
heavily sold Of late. This was notably
so in New Jersey Central, the stock
rising strongly ~ points above last
nights close and gaining points net.
The Reading shares registered nota-
BILE gains and were freely bought. There
was a coincident advance of Lehigh
Valley In Philadelphia due to the re-
ports of securing control of a Philadel-
phia coal syndicate
The sales of New Jersey Central and
of the different Reading shares footed
up, Al, 600 shares. Chicago Gas alone
absorbed over 10000 shares and Bur-
lington another 5000 shares. This con-
stituted considerably over half the to-
tai dealings. Further scrutiny ano
study of the Northwest annual report
impaired aggressive strength to the
stocks of that company, and by sympa.
thy to the whole granger group consti-
! tuting what is aptly though figurative-
ly termed back dog to the market
! Northwest's net gain was IL per cent
London was much less of a factor thar
for several days past, though there
were purchases for London account II
a number of stocks. These were also
/, probably curtailed on account of to.
morrow and next day being holidays II
4 London.
Missouri Pacific and Western Unior
both lost a fraction on the day. The
engagement of 100000 In gold for ship
nlent to Europe was without apprecia,
Bile effect on the market Fractiona
declines were shown In Pacific Mail
Southern Railway preferred, Leathe
preferred, Tobacco, Baltimore anc
Ohio, Canada Southern, Cleveland, Gin
! cinnati, Chicago and st. Louis and ,
number of Others Gains of point o.
over were shown by LaClede Gas, Met
ropolitan Traction, Susquehanna ant
Western preferred, Tennessee Coal ant
Rubber preferred, besides those abov
specified.
4 The strength Of the bond market con
tinued undated and a considerable de
gree of confidence was noted in TIL
dealings Large blocks of the leadin.
securities changed hands and invest
ment interests took liberal amounts 0
the middle and high grade liens. TIL
constant absorption of the active inter
national mortgages by foreign inter
ests tends to impart considerable de
gree of buoyancy to the general spec
ulation, which Is accelerated some
what by the favorable developments Il
individual issues. The aggregate sale
were s2,256000.
Governments displayed a hardenin
tendency with the new tours absorbin
the bulk of the dealings. The sales wer
$21, 900.
Following are the closing prices re
ported by Prince & Whitley, banker
and brokers, 16 Broadway New York
| and IL Center street New Haven.