The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-22
STOCKS 81 Q I, 1 ST'.EADIl RISE.
lie Market Closed Stronger and at a Bet.
ter Level for all Stocks.
& 8. RISE. OF 2 CENTS RECORDED III WHEAT
5' Over q Z. Million bushels OF wheat Ems
ssa%cd for Kxport u esterdny-rhe
Grangtrs Were In pnrticulnrly
Good Demand Yesterday, Notn.
bly, Rock Island. RS 5} 5,

New York, July 21.-The stock mar
< ket to-day generally was steady to firm,
out at the closing was strong at & bet
S Ter ieVel, for not only the more active
shares. but also for shares usually :quie,
and uncbstrusiSe. One or the most
potent influences was e. 2 cent extreme
rise in wheat. and the export orders
Oh over million bushels Of wheat
White yesterday the enormous quantity
Oh q million and II half bushels were
engaged for export, which is the larE-
est days business III a nunlber OF years.
other influences. were the 'Treasury's
continued gain in gold, favorable crop
. outlook and predictions OF the tariffs
early becoming q law. Predictions were
not wanting that this country would
nave 4 large credit balance abroad next
year, although there was; Il possibility
or moderate gold exports soon.
Speculative and commission house or
ders were sustaining in FIRST! in the loca!
market. while foreign bankers main
ta!neu that recent LonCon sales were
really the liquidation OF purchases III
London for New York account. Top
prices for the present movement were
recorded by Chicago Cas- Rock Island.
Brookiyn Rapid Transit. Lead. Chicago
ana Great Western and Missouri Kan.
sas and TcHa; Preferred, as well as
some lose notable stocks. Compared
with a month back, twelve Industrial
|. stocks arc quoted to-day at an advance
Oh, over 4 per cent, While twenty rail
road stocks are up over 2la per cent.
! MS rise. Of course, is Il constant temp
tation TO those who. FOR several years.
nave found short sales at every Shar,l
:.uTaNce ultima tely profitable, hut hUtIs
argue that tbs improving business
Sstnation and expected increase III rail-
way earnings may carry the market
Tho, 49,
20 ranic. Sugar rose TO 1853. rccedcd
to lj2ia and closed with u net loss; Of
"a per cent 1t is claimed in some quar-
tHIS that the interests most active in
the recent advance OF the specially
AEave realized OH much OF their holdings
\ put there is no way OF verifying such
rnmors. Lead was buoyant OF buying
attributed to tariff changes. Chicago
Gas advanced on confident buying, in
!ieW OF the dividend expectations. Con
solidated Gas broke 4 per cent part
OF which 1t subsequently recovered. The
disturbing feature seemingly was fear
mat the consolidation OF other conlna-
MES If It materaliZes would lead IL
sharp competition. The Changers were
IN particularly good demand, notable
+ Rock Island, which improved on reports
or immense crop results in Kansas ana
Oklahoma. Hopes of an early settle
ment Of the SOFT coal strike ,,pliftel
tennessee Coal and Iron, although the
June report was far from favnrablc
Wheeling and Lake Erie Preferred was
also benefited by. he former influences.
The rise In Brooklyn Rapid Transit was
on the conviction that important street
railway unions We're approaching
The total sales Of stock to-day were
"oS.S10 shares, including -Atchison Pre-
fcrrcd. o,315; Chicago. Burlington and
Quincy. 14.420; Missouri Kansas and
Texas Preferred. 1891: Reading. Z 200
Rock Island. 1850: st. Louis Preferred
5.1a3: st. Paul, e7,9lS: Spirits G.977: Chi
caso Gas. 2S2a0; Lead, 1891: Sugar,
60.3l6: Tennessee Coal and Iron. G,SSO
Business in railway and miscellaneous
bonds was In considerable volume at
marked enhancement III values OF some
securities. The Central OF Georgia liens
responded notably to tho Favorable
statement Of the fiscal yclr and some Of
the active issues received better support
than for some time. Tie aggrcgat {.
sales We're S2,267, 900. Governments hold
firm on light transactions. The sales
1,arn eT nm b F..