New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-06-29
Monday, June 2S-p. n

The heaviest business of the current move.
ment in stocks accomplished to-day, total
transactions amounting TO 43o,5S3 shares, or
which Sugar Refining. Chicago Gas and the
Granger shares furnished nearly one-half Else
where the business we'll distributed. reject
ing increased commission house buying, and IN
the international favorites renewed foreign
speculative interest In this market. AS yet
there has been little foreign public buying OF
American stocks but it is confidently believed
that the constantly improving Industrial condl-
tons in this country and the rapidly expanding
security market will soon serve 10 attract good
class of foreign interest 10 this market. In GER
tain bonds Europe is a buyer to moderately
large extent. and the improved prospects or ran.
road mortgage issues is without doubt being
more strongly impressed upon the European In
weston every day. The Improvement IN Ameri-
can railroad management since the bankruptcies
following the panic Of 1893 is beginning TO Dc
more fully realized among home investors. and
this feature Of the investment properties now on
the market should act as a powerful influence
in commencing American railroad stock and
bond issues to foreign capital In to-day's bond
market investment buying was heavy the issues
Of Southern roads again attracting attention, as
IN Central Of Georgia issues Southern Railway
first IS. South Carolina and Georgia first Is.
and Texas and Pacific second incomes and Kan.
cas- and Texas issues. Banking houses inter.
ested in Southern properties are particularly en-.
Outraged over the Improvement IN business con.
ditons and methods in the South. and their re-
ports are made additionally impressive ny inc
weekly improvement exhibited In the returns OK
Southern railroad earnings. In such roads as the
Central of Georgia and the South Carolina ara
Georgia the influence Of up-to-date ne" anu
capable management is reflected IN the eooo
buving of the bonds of the roads ana IN 'heH
advancing prices.
To-day's advances were general throughous
tho LIST and were made Notwithstanding ex-
cessively heavy selling for profits The con-
edence in the business outlook expressed ny
members Of the Presidents Cabinet ana oS
many well-known business men In puDlished III
terviews increased the bullish sentiment III 'ho
Street while the days news Of the crops anu
further encouragin railroad earnings helped u
stimulate trading both among profess'oha'
onaro,ors and commission house clients. 1mpor'
tant interests are buying stocks and po"D''
In , stock like Brooklyn Rapid Transit TINS was
reflected to-day. and regarding this STOCK a., y.
interesting 10 note that il IL being bought On '.S
merits and bv the same well-known Ih'ei.s1ss
which have recently been such an iihPVit",,i'
factor in the Chicago Gas movement; -, -
dated Ice is another stock when was 'o"s
day by people who are able To make a0vu i,,o.
estimates OF the intrinsic merits OF secu'N
Sugar Refining made net gain oil heaiS
cent on heavy dealings. Chicago Gas hva ~
per cent Brooklyn Rapid Transit ~ per $50 $50
St Paul IL per cent. Omaha per CEN, Is,
eral Electric 1is per cent Nationa i;eau - 80
cent Southern Railway preferred per -
Consolidated Ice 2% per cent. Atchison p reisrle9
~ per cent. and among stocks not SO ae.Ness
dealt In Chicago and Eastern Illinois sa'n ns,
ia. per cent. Iowa Central per csn'' i.o"s nar
cent Closing prices were strong throusnou,, 80
some cases at slight reactions from ,he pes' "
the day The foreign exchange market was
shade easier. ,,., .,,,va
Prices Or the last sales Of the principal ac"'s