The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-06-04
IN FULL,SWIN GUPWARD
The Visitation Of Death Put a Stop to
Trading for Two Hours.
THE VOLUME OF BUSINESS cURTAILED
An Active Donnnd for American Sc.
euritics I'm london. tho Buying
There lseins the 1Iost Potent Fac.
tor I'm the 3Iarkct-Susar, which
Was u Leader, SaEgca In Closing.

New York. June 3-Prices on the Stock
Exchange were in full s1sing upward all
along the line to-day, when Samuel Il
Post, Jr., an old and popular member
or the exchange, was seized with heart
disease and expired almost Immediately
on the floor. This visitation Of death
put an Immediate stop to the trading in
stocks and It was not resumed for nearA
ly two hours. The volume Of business
was. in consequence, largely curtailed,
many active operators withdrawing
from the dealings for the remainder Of
the day. The confidence Of yesterday
With which all offerings were absorbed,
even q large amount or stocks which
had been bought for London account
and were re-sold here, had its effect in
London to-day on the tone of the market
there for American securities. This was
active demand and advancing prices as
long as the trading continued in London
and after 1t ceased large purchases were
made here of favorite stocks for London
account The London buying was the
supplemented by the sympathetic
strength radiated from some special
stocks, it moved prices upwards to a
point materially above last nights close
IN the great majority Of stocks. But a
rush OF realizing sales In the closing
transactions wiped out the earlier gains
IN a great many stocks and left them
a traction below last nights close, and
at or near the low point touched in q
realizing movement earlier in the day.
The selling to take profits started in
Chicago Gas, which had been most ag-
gresslvely strong all day, rising in the
final hour to 81, the high point Of the
present upward movement a fall Of
over one point at the close induced SELL
Ing in other stocks. Sugar also which
was the leader Of the market with a to-
tai Of nearly $4,000 shares Sold sagged
~ IN r,,1 IL =.
anlluence In causing the final decline.
There was manifest all day, in fact,
rather nervous watchfulness on the
part OF the professional traders for the
moment to take the highest profits and
several notable selling movements oc-
cured during the day with this in view.
Inc early slump in the Rubber shares
on account Of the reduction OF the semi
annual dividend OH the preferred stock
from to 2 per cent. led to one Of these
movements Rubber preferred broke
Va at the opening, and the common and
preferred stocks moved rather feverish-
~ all day. But the buying for London
account, the improved business by the
commission houses and the strength In
the specialties all serve to give Il
strong undertone to the market The
covering movement in New Jersey Cen
tral was also an element Of strength
therefore, while the profit taking caused
net loss in majority Of the stocks in
the list. the decline was small The
trangers continued In very heavy re-
quest, Burlington coming next to Sugar
IN the list, with several large buying
orders executed in the stock.
The total sale of stock for the day
amounted to 1960I1 shares; including
sugar $4,000, Burlington and Quincy 81
10, Chicago Gas 25.500. Reading $4,000.
Rock Island 6,100, st. Paul 400, West
ern Union 6,100. Jersey Central 300,
Southern railway preferred $500.
The bond market displayed unusual
animation. the sales aggregating s2.l3S.
ooo. despite the cessation Of trading for
Two hours. occasioned by the demise Of
.. L. post, Jr. The dealings embraced
an extensive variety Of issues in which
marked gains We're generally recorded.