The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-28
YESTERDAY MARKETS
Searls So Sentiment Strengthened BY Weekly
Government Reports
ANTHRACITE COAL SHARES ADVANCED
1he Liqnidnt.ons In IndustriaIs
Hosher Unsettled tho ,List-New
York and baltimore Flour Quiei
aud Observation-Disclosures and CHARLES.
ton Turpentihe Firm.

New York, July 27.-Bearish crop ac-
count, weakness in futures at Liver
pool and a general lack or outside sup
port proved too much for the bull con-
unSeht to-day. After a brief stand at
The opening bulls turned sellers, and
under, active. liquidation the market
oroke sharply Liverpool and New
orieans sold the, late months during the
early session, but purchased in small
way IN the afternoon. Bearish senti-
ment was further strengthened by the
weekly Government report. which stat
ed that the crop has made favorable
progress and Is fruiting we'll Officially
the market opened steady at unchanged
prices to q decline of points. and at
the lowest point showed a loss Of 3Gl
~ points. The market was finally quiet
ana steady at net decline of 7@S
points. Total sales footed up 122, 900
bales
Ihe Anthracite coal shares advanced
considerably on buying by interests al
ways identified In the movements ofthe
Goa! stocks. Otherwise the market sus-
tanned slight losses and closed steady.
London purchased some $4,000 shares,
whiie the bulk of the trading for the
nome account was sales. While the
Carrying rates In London Indicated n
scarcity of stocks here, to-day's trad
ing showed that recent sales from that
quarter had been chiefly to take profits,
and that there had not been much short
selling there. Local spectators liqui-
dated considerably to-day, but commits
sion house purchases about eQualized
such sales. rendering the market ex-
tremely irregular The liquidation in
Industrial stocks rather unsettled the
list. The gilt edged securities declined
considerably. Professional traders ham
mered the Changers, put pool buying
subsequently caused n practically COM
plete rally. Although to-day's advices
reelected good condition Of all the
crops, the bears argued that the weather
was unfavorable for growing corn 4
large portion of the reactions Of the day
was due to the uncovering Of stop loss
orders. This was notably so in Sugar,
which broke sharply Az per cent. from
the opening to 1851, and closed with a
net loss of 2ss per cent, the stock show
Ing no evidence of its recent aggressive
support. Tobacco moved up to S. and
on liquidation receded TO S1A, but shar-
Ing In the late rally the price was car
RED up to S2ts Chicago Gas re-
acted "a per cent; rallied point and
other lndustrials generally receded l to
lR per cent. The Rubber stocks were
an exception to the general Industrial
weakness. The common rose Oh and
the preferred per cent. The strength
IN rubber was partly due to favorable
rumors connected with the property
which were denied too late to have any
erect. Among the leading railways.
Louisville. on foreign purchases, was
conspicuous for a gain of a fraction.
Changes In the usually neglected stocks
were quite violent, chicago and Alton
rising to 157, against $50 on the last
transaction. American District Tele-
graph, on the other hand, reacted to 81.
against the previous quotation recorded
some time ago of 80. The pronounced
strength of wheat and exceeding weak
ness OF silver were incidents of the day.
The total sales Of stocks to-day were
a93'45O shares, including Atchison Pre-
Ierred. 1885; Chicago. BURLINGTON and
quincy, 24,417; Louisville and NashyiIln
ll.2a0; New York. Susuuehhan md
western Preferred. 5000: New Jersey
central. 1.1G4; Missouri Pacific Pre-
ierred. 5.3OS; Reading. ll,437: Rock Is
lahd. 2S.460; st. Paul 1882: Union
Pacific. $3.50: American Tobacco, 44.01o.
chicago Gas 1880; Sugar, 4,5l0: Chi.
caGn Great Western, $500
me bond market Displayed n Como
rally good tone, although some Hight rr
ccSs.ons were made in few of the load
ing issues. The inquiry for middle
Grade liens was quite pronounced, with
some mortgages being benefited nv snn-
clal considera ton. The aggregate sales
were $500 900.
government bonds were in demand
with the new As coupon rising to 19GIs
me neSt price ever noted The trans
actions were $50, 900.