The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-03
MIDSUM NJ Err b ESS.
There Was No Feature Of Significance or
Importance DURING the Day.
DEALINGS WERE VERY MUCH SMALLER
The waiting and the somi.stagnatiou
Were Acconlp anied by quito q
Marked Eirmness OF Tone In Near
~ All tho Leading stocks-sf.
Paul Continued tho Loader.

New York, July "a veritabIe mid
summer dizziness settled upon the mar
ket for securities to-day and q. further
step was taken towards the stagnant
condition TO which the market has seem
ed to be coming for two Gays past.
There was no feature of signifi canoe or
Importance during the day, unless the
hypochondIiacs views be- adopted. that
the absence of all symptoms must it.
self be a system Dealings were very
much SMALLER than yesterday or for
many days past, variations were small
and unimportant and no animation was
manifest Dt amy point in the market.
me prospect of only half q day OF
trading Tomorrow followed by a. double
holiday, doubtless had it's effect in cur
taaling operations and diScouraglng ven
lures upon new operations But this
was not alone sufficient to account for
the markets. conspicuous loss Of tone
and apathetic condition. The heavy
liaudation of Monday and Tuesday
was undoubtedly an Indication Of q
widespread conviction that the upward
movement had reached the limits Of
safety for the present, and to-day's
market showed even a more marked
disposition than yesterdays to walt FOR
an adjustment to the new conditions.
The waiting and the semi -stagnation
We're accompanied by quite a marked
hrmness Of tone In nearly all the leading
stocks. st. Paul continued the leader
was firm and strong, comp aratiyely, In
spite Of selling of the stock for London
account. This stock has been gaining on
Burlington all weak and to-day over
took and crossed it. closing above it at
a small net gain, while Burlington suf-
fered q small net loss
Ihis was In consequence Of the con-
tinuehion of the movement on the part
of the dealers to transfer their holdings
from burlington into St Paul. None Of
the leading stocks ranged as widely as
g point except Sugar and the leading
Industrial stocks and some OF the coal
ers. Leather Preferred rose a point on
reports OF q plan to refund the duty on
hides. which are re- eX ported as leather
The small net changes are divided be-
tween gains and losses In the prominent
stocks. General market conditions re-
main unchanged, though the addition Of
dividend and interest disbursements to
the already existing surfeIt Of money
has not resulted in the stimulus to
speculation which was hoped for The
marrow movements in to-day's market
We're to a large extent due to profess
slonal manipulation, such results being
easy Of plishment In such re-
str1cted market
The total sales Of stock were 1873, 529
shares, including the following: Sugar,
400; Burlington and Quincy, II, 700;
Chicago Gas, 1900; Manhattan $500;
St. Paul. 4l,200. The bond market de-
veloped a fair degree of activity but
values were little changed except In a
few Issues, in which special influences
operated. Business was generally cen
tired in the leading mortgages, but 1t is
worthy OF note that no transa ctlons were
registered In Northern Pacific 3rdS,
which usually absorbed considerable Of
the dealings. The aggregate sales were
Sl,424.OOO. Governments were steady on
light dealings, aggregatng $1,000, 900.
II sJo