The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-08-03
EtmamciaI.
A General Average Gain In the Entire List
Marked Yesterdays Stock Market.

A General Average Gain In the Entire List
Marked Yesterdays Stock Market.
New York, Aug 2.--The market for
stocks to-day displayed an irregular
tendency at times, but the net results
of the days trading was general aver
age gain extending all through the list.
1t was the general outside interest in
the market shown by the purchases
made by the commission houses that
checked the slight sagging tendency
which developed at some points in the
list. The professional bear operators,
who are constantly watchful for the
reaction which they think must come
after the long upward course of the
market, made some attempt to take
advantage of this sagging tendency and
to extend the weakness through the
list. But they soon retired from the
field.
Some reports of crop damage gave
ground for a selling movemnt In the
grangers and also in the southWesterns,
| but 1t was short-lived. The commits
sion house buying, which sustained the
general list, was supplemented by the
large buying In individual stocks ex-
cited by special causes. Consolidated
| Gas continued to show the aggressive
strength which has characterized it re-
Gently. This strength is believed to be
connected with the approaching declar-
alton Of q dividend. Other local gas
securities failed to develop activity or
| to show any sympathetic strength.
Chicago Gas, however, continued Its up
ward course and it's price made the long
predicted passage Of the par mark, sell
Ing as high as 100B. This is a new
| high price record, the previous high
est price, $685., being made several years
ago, but only momentarily maintained
| The Northern Pacific preferred stock
was also center of strength, due to
the belief that the voting trust had
agreed upon a basis of harmonious ad-
justment with the interests in sympathy
with Great Northern The price rose
ia, but reacted partially on account
of the difficulty in securing any author
itative confirmation of the very explicit
reports set afoat regarding the choice
of the new president
A number of the industrial stocks
were especially strong, notably Sugar
and Tobacco, the former showing re.
cuperation from it's depression of last
week and rising sharply on short GOV.
ering. Leather was also prominent
The grangers effectually overcame the
early attempts at raid and developed
strength. Chesapeake and Ohio was
strong on the statement Of earnings.
The weakening of the exchange mar.
ket was the refutation of bear rumors
that further heavy gold shipments were
to be made this week. The gains
which were general, extended to a poin
or over in Sugar (315), Consolidated
Gas (51a), Chicago, Indianapolis an6
Louisville (211k), Ann Arbor ~, Western
Gas (21a), and Tobacco, Cotton Oil
Brooklyn Rapid Transit, Cleveland, G
c. and st. Louis, Chicago Gas, Illinois
Central, Metropolitan Traction, North
ern Pacific preferred, Pullman and Anr
Arbor preferred. The noteworthy de-
clines were Laclede Cas- III; Eas
River, /, and Missouri Pacific frac
ton.
Business continued in large volum,
in the bond market, the speculative Is
sues absorbing the bulk Of the dealings
Kansas Pacific Consols showed a rise o
points. The market generally showed
decided strength, but realizations caus
ed heavy tone In the Atchison mort
cages. Sales were $2,950,000.
Governments were dull, but firm OF
purchases of 200.
Following are the closing prices re.
ported by Prince & Whitley, banker:
and brokers, 16 Broadway, New York
and Is Center street, New Haven: