The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-09-16

AGGRESSIVE STRENGTH
The Vanderbilt Stocks Were Again the
Centre of Attraction.
SENSATIONAL LEAP m cONsolIDA A GAS
III" Recent Speculation Which Has
Centered In Union Pacific Com
timed 20 Manifest rho strength
which Has characterized lt Re.
Gently : Coniers We're Heavy.

New York, Sept. 16.-To-day's market
was extremely Irregular, but the average
level OF prices was lifted as a result
OF the days operations. The strength
Shown was very aggressive in spots, but
many of the shares recently active In
the market moved scarcely at ALL The
PanderbiitS were again a centre Of
strength on the reports of larg, In
cteaE'SS In earnings. but most OF them
auNLhGad paint or more in the days
trading. New York Central was heavily
dealt In and advanced 1A Cn the es-
timated increase in the surplus for the
current quarter of s672.y57 and in the re-
ported increase In the gross earnings for
me iiist week in September of over $3.50,
wv. Northwest and Omaha also con-
tlnued their cCccurrent advance on the
benefits to accrue from the prospective
increase In Omaha's dividend, the ex-
IRENE rise In each exceeding 2 per cent
during the day. with reaction on pro-
ilt-taking. Lake Shore also was taken
In hand by the bull element during the
maj hour of trading and rushed I'D
lM per cent, apparently for effect in sus-
tanning the balance of the market The
same element was Instrumental In hoist
haE prices OF Pennsylvania, which has
only Deen listed for a short time on the
New york Exchange 3s points, the SUBJ
S2quent reaction being about Is
jump OF 20 points in Consolidated Gas,
even though it was on q limited volume
OF transactions. was also sensational
feature In the market. The recent specu-
ialion. which has ccnterd in Union Pa
CHIC continued to manifest the strength
which has characterized It in the recent
Specuaticn and advanced over a point
reports circulated of large increases In
earnings turned attention TO General
Electric and that stock rose at one time
neariy points. These elements OF
strength could not but serve to sus-
tain the market and the advance of ST
Paul and Burlington to new high re-
cord prices for the year were additional
FACTORS But, nevertheless. there were
conspicuous exceptions to the strength
or the market, such stocks as Missouri
Pacittc, Atchtson Preferred. Northern
Paciiic Preferred. Louisville and South
ern Preferred. Cincinnati. Cleveland,
chicago and st. Louis and Chesapeake
and Ohio tagging quite heavily in the
advance, and In some cases closing be-
| low yesterday. A number Of the Indus
tflahS were conSpicuouSly weak, ,dlclud-
ing Sugar Preferred, Leather Preferred,
lilinois Steel, Tennessee Coal and Bay
State Gas.
Sugar Common, which sold ex-dlvi-
uend To- day, lost all of Its early gain be-
fore the close. The coalers were some
what heavy during the day, but i'm
proved slightly before the close, ap-
parently In sympathy with the lively
advance In Ontario and Western and
st. Louis and Western Preferred The
after jumped hh points and reacted
chicago Gas and LaClede Gas were
quite strong. the former advancing
nearly points and the latter points.
but both showing a subsequent reaction.
| Less was heard to-day of the prospect
| or immediate imports of gold, the ex-
change market showing n steady tone,
though very dull, and no further harden
ing of the rate for money in the local
market being percept:ole. Exchange is
SUI fully cent above the gold i'm
por4 point. but it seems evident that
any material rise in money rates here
would be met by gold imports, and con-
sequently by n check to the advance.
One OF the features of the day In Wall
street was sales Of Standard OH liqui-
dating certificates on the curb MT 36iX
which Is 9h points advance over the
highest previous price.