The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-15
.C':'O|IhTlN JED STRENG 9Th.
me Strangers Generally The FaysrIie,Scored
Marked Gains.
LONDON TURNED UP BUYERS YESTERDAY
st. Paul Common crossed SIS Yes.
terday, Which Price 1t E.s Not
Touched BEFORE lin Ten Years
Tho Conters Repeated 9uesday's
ProErcss 10 n Higher Plano.

ket continued to exhibit strength on
Widely distributed dealings. The grang-
eIs, the usual market barometer on ia
Forable crop adVices, scored marked
gains. st. Paul common crossed So,
which price it has not touched in ten
years. The p, efe1red also t,1., -. Few
record, eaching 1403s, while Northwest
preferred equaled yesterdays top price
record Of 1G5. London unexpectedly
changed its attitude on st. Paul to-day
from persistent seller TO buyer and
marked it up u above the New York
equivalent at yesterdays close. This
was regarded as foreign covering Of
shorts. The coalcrs weakened up from
their accustomed lethargy, repeated
Sesterday's progress to higher plane
OF values This was largely in sympa-
thy with the Philadelphia market for
i1ehish Valley. Reflection over night
mad convinced the traders that with the
disappearance OF Lehigh Valley as an
independent factor in the coal market
this trade would be managed In such a
manner a5 to produce the best results
Tor the interested corporations as lesser
companies would find it profitable to
work in sympathy rather than assume
hostile attitude. Thus, they argued
would be accomplished @. harmony
where previous schemes Of the past in
I. Guiding Genital selling agency and
Aa Reading lease Of other companies had
failed. Then the soft coal Strike, il it
continues. will cause an increased de-
mand for the hard product. Susque-
hanna preferred, passing "a easily, led
the advance in this group on rumors
gradually becoming moro definite, that
the stock was being purchased for con-
troll by another coal road. Wheeling and
Lake Erie preferred and Cleveland. Lo-
rainc and Wheeling preferred were bid
up point each, while Hooking Valley
also improved. Thus the action OF the
3itumihouS coal roads indicates mar
ket belief that the strike will rehabili-
tate the entire industry. On enormous
transactions Sugar alternately rose and
'fell on more OF less favorable news per-
colating from Washington. The delay
In announcing an agreement by the con-
ference committee was taken as conilr-
nation Of opposition on the part of the
House leaders to any yielding to the
Senate conferees. The stock opened
down about point tiuctuated widely.
and closed at about initial figures
Friends Of tobacco advanced it ga and
the scrip ), giving az reason that the
stock had not yet gone upward with
the general movement The Gould
shares were stronger. East River Gas
rose 6E to S4ia, u record price. The
market closed as it opened, active and
strong at moderate general improve
ment, more notable among the special
ties, The total sales of stocks to-day
were 27S,100, including Chicago, Burling-
ton and Quincy, 1850; New York, Sus-
quehanna and Western, preferred, 1900;
New York Central. 5SSS; Northern Pa
cific. preferred, 1895: Reading. 15,6OO
Rock Island, 7, 1877 st. Paul, II ,625: To-
bacco, 31.19S; Chicago Gas, $50; Sugar,
49,aS3.
Trading in bonds was quite animated.
the aggregate sales slightly exceeding
] SO. 100000. The bulk Of the tranaac-
tons was conferred in the low priced
securities, with decided inquiry APP
parent for the Oregon Short Line Issues.
Liens Of re-orSanizcd properties as n
rule have come into favor and notcwor-
thy appreciation In values Of these mort
cages have recently been registered. The
market exhibited quite hardening
tendency, with the changes substaN-
tial In a number Of instances. The prin-
cIpal gains were: Denver and Rio
Grande rs, AZ per cent: Oregon Short
Line Incomes, series y, ~; Brooklyn
Transit 5's. IL; Chesapeake and Ohio
6s. class a, ia; and Standard Rope
and Irvine Incomes and Fort Wayne
2's, 1 per cent
Government bonds We're generally
firm, with transactions trivial