The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1897-09-17
The New York stock Market.

New York. September i5.-Today's
market was extremely irregular. u
h average level OF prices was lifted
as a result Of the days operations. Tho
strength shown "a very aggressive in
spots. but many OF the shares recently
active in the market moved scarcely at
all. The Vanderbilts were again a
centre of strength, on the reports OF
large Increases in earnings. and most
of them advanced a point or more in
h days trading. New York Central
was heavily dealt in and advanced IA.
OF the estimated increase in the sur
plus for the current uarter OF $s12, 957
and in the reported increase in the
grcss earnings for the first week I'm
September OF over $3.50. 600. Northwest
ern and Omaha also continued their
concurrent advance. Lake Shore also
was taken in hand by the bull element
during the ina hour OF trading m
rushed up 2h per cent, apparently for
effect in sustaining the balance OF the
market. The same element was Iinstru-
mental in hosting the price OF Penn
sylvania, which has only been listed
for a short time or the New York ex-
change 3S points, the subsequent re-
action being about u. A jump OF 20
points in Consolidated Gas. even
though on a limited volume OF trans
actions. was also a sensational feature
in the market. The recent speculation
which has centered in Union Pacific
continued the advance in that stock
and benefited the price to the extent
or over a point. Kansas and Texas
preferred also continued to manifest
the strength which has characterized
II in the recent speculation and ad-
Vanced over a point.
Reports circulated OF large Increases
in earnings, turned attention to Gem
eral Electric and that stock rose at one
time nearly > 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 rec
ord prices for the year were additional
factors. But nevertheless there were
conspicuous exceptions to the strength
OF the market. such stocks as Missouri
Pacific, Atchison preferred. Northern
Pacific preferred, Louisville. Southern
preferred, Cincinnati. Cleveland, Chi
cago and st. Louis and Chesapeake
and Ohio tagging quite heavily in The
advance and in some cases closing be-
low yesterday. A number OF indus
trial were conspicuously weak, includ-
ing Sugar preferred. Leather preferred.
Illinois Steel, Tennessee Coal and Bay
State Gas.
Sugar, common. which sold ex divi-
dend today, lost all Of it's early gain be-
fore the close. The coalers were some
what heavy during the day, but inn
proved slightly before the close. appar-
emily in sympathy with the lively adj
vance in Ontario and Western and the
s. & Q. preferred. The latter jumped
Dig points and reacted. Chicago Gas
and La Clede Gas were quite strong,
the former advancing nearly 3 points
n the latter 4 points. but both show
ing subsequent reaction.
Exchange Is still fully a cent above
the gold import point. but IL seems
evident that any material rise in money
rates here would be met by gold inn
ports and consequently by a check to
the One OF the features OF
the day in Wall street was the sale OF
Standard OIL liquidation certificates on
the curb at 351A, which is 9 points ad-
vance over the highest previous price.
Total sales of stocks today were 621,-
24S shares. There was considerable
decrease in the volume of bond deal
ings, but prices advanced. Total sales
| were 50 543 100.