The daily morning journal and courier., 1897-07-27
Ftmanctal.
On the Whole Yesterdays Stock Market
 Was HulIisb

1 | Was Bullish.
 New York, July 26.--The market end ed to-day in a draw with the advan- tage slightly in favor of bulls. The confused and irregular sharp declines and rapid recoveries alternating com- monly called a criss-cross market, con- tinued throughout the day. To take profits at the accomplishment of that | which has caused an anticipatory rise is way they have in the street. Thus, with congress adjourned and the tariff disposed of, professional spectators unloaded and sold short. Local reac- tions were helped by London profit talk ing, sales from that quarter amounting to 10000, thus dispelling the idea that buying movement might be expected because of to-morroW's settlement to cover recent supposedly short sales. A variety of reasons were assigned for London's pessimistio views, among Which were the senate's non-action on the currency measure, the Japanese Hawaiian affair, but more generally it was attributed to their regarding the effect of the tariff settlement as already discounted. Prices in the local market receded about a point, the grangers es- pecially suffered on private reports of crop damage. The weak opening, how ever, temporarily benefited the market, having caused the cancellation of such selling orders as were to be executed at the markets opening day, provided prices were higher. Railways rallied, but eased off again.
 Then crop advices were more fayora- ble and widely distributed purchases of grangers stimulated by to-day's early advance In wheat benefited the general market. Extensive buying of Tobacco on the likelihood that the company would be free from antagonistic legis- lation caused all of the company's se- curities to rise sharply. Reports of earnings of the third week in July were almost uniformly good In some cases the increases were quite marked. Delaware and Hudson was strong, the buyers giving no other reasons than general improvement in the coal. trade, but is was reasoned on the stock exchange that important developments. might occur at the meeting of the com pany's directors Wednesday, The ton- mage of Reading for last week being the largest for a long time, brought that company's preferred stocks good support This renewed heavy buying revived old rumors of impending devel- opments in the anthracite trade. Min neapolis and St. Louis preferred stocks hu ho >p Rock Island.
 The southwestern stocks were gener- ally strong on improved earnings. All grades of sugar were advanced to-day, but sugar stock was subject to bear pressure most of the day. After an early drop of 1A and a partial recovery 1t fell again. The market closed with irregular changes. Those of point or more follow: Losses. Hooking Valley, Sugar, Burlington, St. Paul and Du- luth and Ann Arbor preferred; gains, Omaha preferred. Tobacco preferred; script, Delaware and Hudson, Reading first and second preferred, Lake Erie and Western preferred, Mobile and Ohio, Starch second preferred, Rio Grande and Western preferred and De- troft Gas.
 The bond market developed aggres- sive strength after an early period of heaviness which, however, did not de- press values appreciabiy. The demand for issues of reorganized properties and those undergoing rehabilitation was very marked, With Kansas Pacific con- sols conspicuous for rise of per cent. elsewhere were also very The aggregate sales were $3,- 1000.
 Government bonds displayed strength on moderate purchases. The transac- tons were $21,0 ,000.
 Following are the closing prices re- ported by Prince & Whitely, bankers and brokers, 16 Broadway, New York, and 15 Center street, New Haven:
 Rid AsIral