The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-17
+ + / ) TEND UPWARD.
Accompanied ' an l, BY Some Manipulation 10 Ger.
tain Cheap SpeclaItles
THE BEARS RECEIVED. 4 FAcER
unprecedented Export or Ncrchan.
disc for tho Year Ending June 80,
Was One OF tho Ikopctui Sisns- su.
gar Failed to RtnecIt Iriensiness ut
Reports from Washington.

New York, July 16.-.The stock market,
which dropped trife yesterday, was
looking up a bit to-day, active securi-
ties closing strong and fractionally
higher, while usually sombulent low
priced stocks were aroused by a fair
demand. The lneagerness OF 1nle deal
mss, however, Indicated but q lackadai-
seal interest or cautiousness if you will.
BESIDES reiterations Of wheat prospects
aboYe the average. there was further ev-
idence of diversified foreign dmand for
our cereals, denoting shortages abroad
and rather confirming the superstition
mat the EuroDean requirements for
our wheat will be enormous. and prom
lsing remunerative prices for both
crops. The unprecedented exports of
merchandise for the year ending June
aVth, as set forth in the government re-
port was hopeful sign, as was th:
tact that the high prices current for ac-
tive railroad stocks, is accompanied BY
but little local liquidrticn. Prices tend
Cd upward in the early trading, accom-
panied BY some manipulation in certain
cheap spscialties. The bears received a
racer. when during the afternoons dull
ness they sought 90 precipitIte selling
or the general list. After a brief reac
pon the market steadied and about the
pest figures were attained in the late
trading. Some general inquiry for in
Testinent securities deprived the market
or some of its wonted professional APP
pcarances Sugar failed to reflect un-
easiness at the crcu,n5 tantlal reports
that there was a movement in the Sen
ute itself favorable to the House sched-
/ ule, the stock vacillating within a mar
TOW range for SO crratic q security, and
Closing at q fractional advance. Louis
I vile and Nashville rose rs, closing at
The top, arbttrage houses selling small
amounts on the rise. The advance Of
"a In Pittsburg, G. c. and ST Louis
preferred, and the fractional rise in the
common was ocoasioned BY 'the June
statement showing that the net profit
had increased s125,2G3 over the Same
month last year. The rise OF Az per
cent in East River Gas was accoun ted
Ter subsequent to the markets closing
ny an OFFICIAL circular announcing the
purpose of the TiQuitable and East
River Gas Companies to unite as fore
Swallowed in these dispatches last
ASft Brooklyn Gas showed 4 sympa-
thet1c rise of q point with Consolidated;
Gas the only company not eligible to
come into consolidation lost a frac-
ton. American spirits attracted atten-
ton by some activity and gained frac-
ttonally for the day. Other stocks tina
varied a point or more We're l?rookly,
Rapid Transit. Metropolitan Traction
Ranssaaer and Saratoga. = Great
Northern. 2, while Rubber preferred.
lost point.
the total sales OF stocks to-day were:
l56.5l6 shares, including Atchlson, pre-.
ferrfd. 6.tGG Chicago. = and G., 5.S7G:
Louisville and NASHVILLE 1880: Read
Ing, $3.50; st. Paul. 1870; American To
baccc, $500: Sugar, 15,7l5
Tra ding bC,.t3S ,yoc in, ',,rc, ~,
ume, and there WAS no abatement Of tho
aggressive strength tina: has marked
recent trading. Fluctuations were un
usually wide In some cases, and were
principally In the direction OF higher
prices improvements in the more ac-
tive liens were restricted to fractional
bounds. but advances among the usual
~ inactive securities ranged up to 3
per cent, with Peoria and Eastern lists
leading. The aggregate sales were
s2.19o,ooo. Governments were quiet but
decidedly firm.