The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-09-09
IRREGULARB
There Was Realizing All Day, but ihs Of.
ferlngs We're Naturally Absorbed.
A DOWNWARD COURSE AT THE OPENING
Strength Developed .in % Number of
stoeks Which Stemnied the Daciine
ana Carried Prices. 10 Tho Best Of
h Dny-GranEcrs Hoved Narrow
ly nnd Showed u Falling OF.

New York, Sept. S.-To-day's stock
market was very irregular, but 1t was
much under manipulation han for over
u week past. II the general one was
one Of strength. There was realizing
on n large scale all day, but the Of
fer:nGs for this purpose were more ma
turally absorbed. There was no stock
lifted by sensational jumps to stimulate
buying of those realizing offerings, a
condition In marked contrast to the in
variable rule for many days past.
Northern Poetic preferred, which
was the stock under manipulation for a
rise yesterday. was rather n drag on
the market all day to-day and lost a
point of Its gain, the common stock
Showing II fractional advance. The
course of the market was downward at
the opening, the Internationals and
Changers leading. in sympathy with the
declines in Americans on the London
exchange. Strength developed in a
lumber OF stocks which Etemmed the
decline and carried prices to the best
Of the day. Profit taking at 1T close
caused the loss of n part OF the gain, SO
that the changes In many of the lead
ing shares are of very narrow proper
tons. The decision of Atchison direc-
tors to pay 3 per cert. on the adjust
ment bonds out OF the caring for the
$780, N'N't'S oetAS N.i
ton to the securities of that
and all the stocks and bonds were very
active and very strong all day. The
preferred stock, which has been held
down by realizing sales for some time
past, opened OFF sc, hut lose AZ one
time 2A points from the lowest. Prof;
taking at the close reduced It's net
gain to lh per cent. The adjustment
bond gained Il point net.
vNhnpa t,.a,.a IN Nnn
ferred stock sold during the day. New
York Central lost a point In the early
dealings but more than recovered it on
the publication of the statement of Au-
gust earnings. showing an Increase OF
S45b,2l9. The Changers moved very mar
rowly all day and showed 4 large fall
ing off In activity. except st. Paul.
which came next to Atchlson preferred
with sales Of 53, 900 shares. The stock
declined fractionally at the opening, but
rose strongly ia and fell off a fraction
ut the close on profit taking. Sugar
was subject to q rush 10 realize when
It became known that the directors had
declared only the regular quarterly divi-
dends Of B per cent. on the common,
ana Ia per cent on the preferred stocks.
1t had been rumored that an extra d.
vldend would be declared. After rising
to lh6N after the opening, the price
EEL TO l53 and fuctuated in a very err
ratio manner, but closed at Il recover
OF over . per cent. The preferred stock
also fell over two points. Notable gains
were made by the Lead socks, the COM
mon gaining nearly 2 points and the
preferred 3 points. Illinois Central
gained PA per cent. on reports of large
increase in the earnings. Louisville,
southern preferred and Mobile and
Ohio recovered a point or over of their
early depression, which was due to the
yellow fever scare. There was some
movement In stocks of soft coal roads on
prospects of a settlement of the miners
strike. Wheeling and Lake Erie pre-
Ierred gained 2&. Consolidated Gas
jumped five points over yesterdays high
record price to 20TA.
Dealings in bonds were OF large pro-
portions and at higher prices. Sales,
81. 800 600.
United States bonds were higher. the
old tours coupon being quoted at 113M
bid. a rise Of Il.