The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-06-26
MORE GOLD SHIP MENTS,
The Decline In The Price Of Stocks Which
Resqltq Was Very Great.
OFFERINGS TO REALIZE FREELY MADE
The Volume or Dealings Was larger
Than or, ANY PrcYious Day Of the
fcnr-Sugar Absorbed Nearly Two.
Thirds of the Amount-SsranScrs
Also LedAthc Advance.

New York, June 25.-Many thousands
of shares of stock were bought on the
Stock Exchange to-day at prices ma
terfally above last nights closing price,
d Rs nananss point 9 S or
market sold off later in the day on &C
count OF apprehensions caused by the
large volume Of the gold shipment by
to-morrows steamer. $4,000, 600 in all be-
ing engaged for export. Additional I'M
easiness was caused by the fact that
the whole amount was taken from the
United States sub-treaSury, or from the
assay office, in bars and no part from
the banks or from private sources as
has been the case with most Of the re-
cent shipments. The decline in the
price Of stocks which resulted was very
marked, offerings to realize being very
freely made for a time, and the heavi-
ness extended all through the list. The
decline, however, brought ,dullness and
diminution Of offerings, indicating the
undertone of strength in the market.
The weeks gold shipments now amount
10 S4S00000. which is a larger amount
than has gone out in any one. week
since the first week Of the present move
ment, that ending May Sth, when the
exports were $4,000 GOO The subsistence
OF apprehension on account OF gold ex-
ports In the stock market has been most
" due to the stability shown by the
gold reserve in the United States treas
Wy Az SeS Gidi weeks l)eirSt, dOOuC Sl44,-
100000 In face of continued exports OF
gold by exchange houses. The amount
or gold In the treasury at the close OF
business yesterday was SAP, .4S6,
which Is considerably less than at any
time since the presnt gold movement
began. OF course, to-days additional
withdrawals Of So, 100000 do not appear
in the above statement Of gold In the
treasury. The sterling exchange market
was easier under offering Of bills against
me gold shipments, sixty day bills re-
cedfng 4 to 4.SG. But It is expected that
thiS will be sufficient demand to
stl1fen exchange rates next week with
furtheT gold shipments az consequence.
Inc supply OF exchange In the market is
very meagre. and any extra demand has
TO be met by gold shipment. The vol
une OF dealings to-day was larger than
on any previous day of the year, the to-
tai sales of all stocks reaching $4,000
shares,. but nearly two thirds of that
amount was absorbed by Sugar the
Grangers. Chicago Gas and Bay State
Gas Sugar and the Changers led the
advance but the list generally reacted
20 below last nights close, showing ne
losses on the day. Sugar. however. rail-
ned partially and closed with n net gain
or lac Rock Island IS the only one
or the Granger group to show n net gain
winch amounts to sc. Manhattan and
Western Union gain sc. net each and
New York Central Il small fraction
t>ol tiiell iasclllc was weak on rumOrS
or halt In the arrangement for put
ting INTO executive control those in fa7-
mony with Great Northern interests.
Inc total sale Of stocks to-day were
Sis,Il2 shares, including, Tobacco, $500;
sugar 81 gar $500; Burlington and Quincy,
$500 s. co.; Missouri Pacific, 5ooo Northeast:
la'o0o; North Pacific. preferred. $500:
Omaha, 400; Reading, 200: Rock Is
!and 1000: St Paul, s7,1oo; Western
me bond market displayed considera-
PIE s activity o to-day. the transa ctions ex-
s onnn %ooo. 600. The buoyancy was
some nu sensa tional advances noted in the
ssII,uanS INACTIVE mortgages. particularly
MlasouCi Pacific collateral fives. which
f rose II per cent to 5s The low priced
etron generally displayed aggressive
e![enE.h with purchases Of the gilt
eage liens by investment Interest tend
70 accentuate the upward move
long time. ioi
Govelnments were slightly higher on
ersa1isactions, block or 100000 of the
0s coupon changing hands ut 114l5.