The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-06-15
I'M SPITE OF .D[IULLNESS'
The Upward Tendency Was Resumed After
Short Lived Selling.
THERE WERE MANY OUTSIDE PURCHASES
Tko Sale Of Old Lots We're Well Dis.
Sugar Developed Assured Strength
AS the Day Progressed and Showed
u Shnrp Gnin,

New York, June 14.-The upward ten
dency was resumed to-day on the stock
exchange. after q short lived selling
movement to realize in continuation Of
Saturdays movement. The rise was in
spite OF the dizziness and heaViness Of
Americans along with all other securities
on the London exchange. This neg
lect was explained by the absence Of
traders 10 participate in the openig fes-
tivities Of Queen Viotoria's diamond jub-
lice. New York ignored the decline in
London and proceeded to bid up prices
soon after the opening. The warm sea-
BILE weather and It's certain bene-
ut to crops gave fresh impetus to val
ue:s in the Granger group, which re-
manned practically stationary all last
week. At the top prices Burlington
showed an advance Of 1Ac.. Omaha Of
13sc., and Northwest of 1850. Net gains
were Slightly below the highest in the
Changers as in other stocks. The de-
claration Of dividends on members Of the
Vanderbilt group had been discounted
rs had been the passing of the dividend
on the preferred stock of Cleveland
Cincinnati, Chicago and st. Louis The
common stock Of this company, after
Slight opening decline, made q unac-
countable advance OF 9 per cent in face
OF the dividend rumor and first week
statement showing q decrease in gross
earnings Of over S24 900. React car
ried the price below Saturdays close
Continued strength in the stocks Of
iron and steel companies reflected the
improved outlook for business in that In
dustry. Conspicuous strength was mani
tested also by the Goulds, Manhattan
ana Western U!on each advancing over
point. The good buying Of N. j. c.
continued, resulting in marking up that
stock 8 points.
Quite feature Of the trading was the
number Of fractional lots Of stock that
changed hands, indicating the outside
purchases made through commission
houses. these sales Of odd lots were
Well distributed throughout the list
sugar developed assured strength as the
day progressed and showed a sharp gain
on the day. Chicago Gas was active but
irregular, ranging over 1Mc. and closing
with net gain less than that
The total sales of stocks to-day were
249,5l3 shares, including Sugar %, OoO;
burlington and Quincy, 17,10O; Chicago
Gas. 1900; Manhattan Consolidated,
5000; New York Central, 1920; North
west, 5000; Northern Pacific. 5000:
Northern Pacific preferred. 500; Rock
Island. 1900; ST. Paul, 1880; Western
Union, 300.
Tradlng in bonds was on an enormous
scale, the sales aggregatng almost
100000. Decided gains were made With
81 Paul Is scoring the extreme improve
ment or per cent. The market devel-
oped considerable strength with pur-
chases Of the prominent mortgages being
MADE lor speculation and investment ac-
count with considerable confidence.
government bonds also shared in the
general strength that permcated the Sc
curities market. The new 4s coup were
quoted at 1858, the best price noted in
nhe present movement Transa ct ions
Were confined to q block Of $25 900 !:
1925