The sun., 1897-06-08
HrLApELrnA CLOSING QUOTATIONS..

Although the dealings in stocks were as ex-
tensive as on any day since tho present upward
movement began, tho net fluctuations, except
in q few inactive shares, were comparatively
slight The strength Of the market on Saturday
led many operators to believe that q buying
movement from outside OF the Street might be
stimulated over Sunday, and they were there
fore prepared to sell for both accounts to supply
tho expected demand They proceeded upon tho
theory which has frequently proved correct here
tofore that in the present narrow condition OF tho
market profits may be secured by selling stocks
at the beginning Of week following similar
period within which general and material ad-
vances have taken place. That theory was not
entirely substantiated to-day. and the indica-
dons are that 1t would have been totally mis-
leading had not good deal Of capital been mado
Of reports from the West OF damage to the grow
ing crops by frost. Tho circulation of those re-
ports was accompanied by effective selling OF all
of the Granger stocks. except Rock Island.
which closed fractionally higher than on satur-
day. Tho believers In q reaction also encoun-
tered obstacles in Sugar Refining. Manhattan
Railway, the Northern Pacific securities, Atchi-
son preferred. Louisville and Nashville, and
number Of others that were dealt in less extern
sively.
The speculation in Sugar Refining was infiu-
enced by advices from Washington foreshadow.
sugar schedules. Besides, the certainty that tho
usual quarterly dividends upon both classes Of
Sugar Refining stock will be declared this week
encouraged operations on the long side. net
advance of nearly points in Manhattan Rail
way resulted largely from covering Of shorts in
expectation Of the declaration OF the usual quar-
tery dividend tomorrow, which, 1t Is cur
rently reported, has bcen fully earned, partly
by reason Of tho unusual traffic receipts of tho
company on the day Of tho Grant parade.
There appeared to be some realizing in Chicago
Gas. but the falling OF in the volume OF trading
in the certificates indicated that it was not of Q
significant character. As in the case Of the
Granger stocks, the selling was evidently well
taken and resulted in only q small fractional
decline. The advance in Northern Pacific securi-
ties was seemingly due to the favorable crop
prospects in the Northwest and the improve
ment in the traffic returns OF all of the trunk
lines running west and north from Chicago to
the Pacific coast As bearing directly upon tho
earnings Of those roads, 1t is to be noted that the
Ssliveries OF grain at Chicago last week were
the largest OF the year. aggregating over
5000, 900 bushels an increase OF over . 600 900
bushels as compared with the previous week
and with tho corresponding week of last year.
A moro liberal movement Of general merchan-
disc from distributing centres is also reported.
| OF the less active stocks Oregon Railroad and
Navigation preferred enjoyed a net gain OF 3
| points on prospects that dividend may be de-
clared in the near future, and Third Avenue
| Railroad sold In unusually large amounts at ma
terial advances over the last previous sale. pre-
sumably in expectation of decision by the
| Court OF Appeals favorable to the company in
tho litigation affecting its title to the socalled
| Kingsbrige Extension.
There will be no exports Of specie tomorrow,
and tho ruling rates for exchange indicate that
none Is likely to be mado in the near future. As
business was entirely suspended In London to-
day on account of tho holiday, there was no
trading in securities for European account.
Orders from that side tomorrow will probably
DO Influenced hy the condition OF affairs shown
by the making up for the fortnishtly settlement
which begins tomorrow. Tho closing was, in
the main. strong. with the majority OF the list
showing an improvement upon the final prices
OF Saturday.
Final sales compare with those of Saturday a.
follows: