Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-05-26
MARKET REPORTS,
NEW YORK MARKET.
The Features Of the Days Dealings in All
the Leading Stocks.

New York. May 25.-There was more
animation shown in the dealings on the
Stock Exchange. today. than for many
weeks past. and some buying by commits
sion house agents gave evidence of a
slight awakening of outside interest in
The market. The sales for the day
reached an aggregate of over 100000
shares and were much better distributed
through tho list than has been the ease
in the recent trading. There was a dis
play Of considerable strength which car
ricd most stocks at one time or another
above last nights chose, bat sales for
profit taking were quite heavy and car
rled prices down at the close. The mar
ket Is sun IN control Of the professional
traders and their tactics offset the Gle
ments If str l~tI.
New Jcrzey Central gave evidence Of
having reached a point Of resistance 10
further depreciation. and iiir s.; ,Tts were
driven to rather strenuous cNerticnS 10
cover. The loan rate OF the stocks WAS
hid up by manipulation IN order 10 en-
barrass the shorts. The removal of the
severe pressure on this stock for the
time being WAS quite q relief 10 the mar
aet, though there wa i late reaction in
the price
Sugar was strong on the belief that the
explanation offered OF the sugar schedule
If the tariff bill In the Senate would help
it, chance Of passage, The dealings IN
the stock were larger than for some time
and were second only to those in Chicago
Gas. The dealers In the latter stock
were inclined TO take an exceedingly
conservative view Of the benefits assured
by the action OF the Illinois Senate in
Gs.ssiug the gas frontage and consolida-
ton bills on reconsideration The stock
did advance sharply on the news OF the
passage but was carried down by heavy
realizing sales.
The tone Of speculation generally
showed considerable access of confidence.
various causes contributing to this feel
ing. Yesterdays decision of the supreme
court denying the right of the interstate
commerce commission 20 TX railroad
rates. stfll exercises favorable Influence
on railroad values not on account or the
immediate effects OF the decision. ouI
owing 80 the belief that II insures the
advocacy by the commission of law to
authorize railroad pooling.
The weakening of the exchange mark
during the day was also regarded as an
ems ourasing factor ia the general out
look and account was also taken OF lne
weeks statement OF merchandise exports
from New York showing total OF $40
III f66 an increase Of $3.50 over las
week. and OF 81 0Sl. 1S2 over last year Ihis
large expansion of exports is looked 10 10
help OFFSET the heavy imports in antici-
patton Of the new tariff and 10 he!p al
Just the exchange balance.
New Jersey Ceuuals range was Si2
points the ne; gain being a point. West
ern Union liuctuated irrcGu-arly bus
closed with q net gam of fraction.
Losses of a fraction were general, the
exceptions being gains OF 1ls in Lacledc
Gas pfd.. Ia In lead pfd., ard of a point
in Lake shore Consolidated Gas. 81.
Louis and San Francisco LIST pfd.. Great
Mort hern pfd. and Susquehanna "
Western pfd. New York 4 Harlem
jumped FIVE points to SO in the bid pr
without eliciling any off .ngs.
The bond market displayed quite some
activity in the late trading and sympa-
thizef in the decided rally which occurred
in the stock speculation. Business WIS
largely restricted to the prominent issues
in which the changes were not eSscntiai
The aggregate sales were $4,000.
Governments gained slightly on pur-
Chases of S520e0.