The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-07-17
STOCKS AND BONDS.

New York, July 16.-Ihe stock market,
which dropped trifie yesterday, was
looking up a bit today, active securities
closing strong and fractionally higher,
while usually commandment low
priced stocks were aroused by Il
fair demand. The meagreness of the
dealings, however, indicated but a lack
interest, or cautiousness if you
will. Besides reiterations of wheat pros
poets above the average. there was fur
Their evidence of diversified foreign de-
mand for our cereals, denoting short
ages abroad and rather confirming the
supposition that the European require
ments for our wheat will be enormous
and promising remunerative prices for
both crops. The unprecedented exports
of merchandise for the year ending
June 30, as set forth in the government
report. was hopeful sign, as was the
fact that the high prices current for ac-
tive railroad stocks is accompanied by
but little local liquidation. Prices tend
ed upward i'll the early trading, accom-
panied by some manipulation in certain
cheap specialties. The bears received a
facer, when, during the afternoons dull
ness, they sought to precipitate selling of
the general list. After a brief reaction
the market steadied and about the best
figures were attained in the late trading.
Some general inquiry for investment Sc
curitieS deprived the market of some of
tits wonted professional appearances. Su-
gar failed to reflect uneasiness at the
lcircumstantial reports that there was a
movement i'll the Senate itself favorable
to the House schedule, the stock vacil-
lating within a narrow range for so err
rate security and closing at a fractional
advance. Louisville and Nashville rose
rs. closing at the top, arbitrage houses
Isellng small amounts on the rise. The
advance of . in Pittsburg, c., c., G.. and
st. l.. preferred and the fractional rise
in the common was OccasiOned by the
June statement showing that the net
profit had increased $125,2O3 over the
same month of last year. The rise of Az
per cent. in East River Gas was account
ed for subsequent to the markets clos
ng by an official circular announcing the
purpose of the Equitable and East River
companies to unite, as foreshadowed in
these dispatches last night. Brooklyn
Union Gas showed sympathetic rise Of
a point, while Consolidated Gas, the only
company not eligible to come into a con-
Spirits attracted attention by some activ-
ity and gained fractionally for the day.
Other stocks that varied point or more
were Brooklyn Rapid Transit. Metropoli-
tan Traction. Rensselaer, and Saratoga.
,; Great Northern, 2; while Rubber pre-
ferred lost a point.
The total sales Of stocks today were
1o6,510 shares, including Atchson pre-
ferred, 6,466; Chicago, Burlington and
Quincy. 5.675; Louisville and Nashville.
1880: Reading, $3.50; ST. Paul, 1910;
American Tobacco, $500; Sugar. 15.-
10.
Trading in bonds was in large volume
and there was no abatement of the az
gressive strength that has marked re-
cent trading. Fluctuations were unusual
ly wide in some cases and were princi- |
pally in the direction of higher prices. |
improvements in the more active liens |
were restricted to fractional bounds, but |
advances among the usually inactive Sc
curities ranged up to 3 cent, with |
Peoria and Eastern firstss ring. The
aggregate sales were So, 12Os obnSs Gov
were quiet but dec abo, firm.
.snAr GrOCU nApxr