New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-07-21
CLOSING PRICES OF BOSTON STOCKS.
Boston. July 20. 1897.
Tuesday. july o0-p. m.

iucsud!, July up. m.
Business in the security market continued on
a large scale again to-day, and prices were gem
orally strong profit-taking sales throughout The
day failing to cause many important reactions
The sales this account were large, but they
were we'll absorbed. and the commission houses
had number Of large orders in the mar
ket as the result OF yesterdays rise while large
operators were active in the days speculation
Sugar Refining was again heavily dealt in at an
advancing price but 1t did not monopolize the
bulk Of the trading as throughout the list there
was a large and well-distrlbuted business done
representing an improved demand from the pub
lie and rejecting the confidence Of investors In
the present situation and outlook for the fall
trade. 1t is pretty generally known by this time
that the crop prospects are excellent, and that
the foreign demand for our breadstuffs will be
enormous; that railroad traffic must necessarily
be heavy. and that net earnings must conse-
quently be large. 1t is generally conceded that
with the final passage OF the new Tariff bill
new in the country's industries will begin,
and 1t is known beyond a doubt that interna-
tional trade relations will bring large sums OF
gold to this country in the fall The position
Of money institutions is sound and the great ac-
emulation Of funds al the leading financial CEN
tres insures easy RACES for some time TO come.
These and other known favorable factors in the
situation have brought a good class of business
into Wall Street, and have convinced holders OF
idle funds that operations in the security mar
ket be conducted with every possible chance
of safety and handsome profits. The bond
kct continues to reflect a growing demand for
railroad mortgages from home investors, while
the foreign interest in both the bond and share
departments OF the market is too small to re-
uuire much attention. 1t is noteworthy that the
June advance in stocks was accomplished with
out foreign support and the present movement
reflects no important European interest. The
fact Is that this market is independent of the
foreign markets. and has been so ever since the
election last November. London sold about
twenty thousand shares In this market to-day
without effect upon prices
Opening prices to-day showed. rule small
changes from last nights closing. but in a few
issues advances OF AQ& per cent were made.
ard in most stocks values gradually advanced
throughout the first two hours of business. after
which slight Iecessons were made. although at
the close more stocks showed net gains than
losses as compared with last nights final fig
ures The dealings in Sugar Refining were on
a large scale with the price for the certificates
advancing from the opening at 1i3h 10 1867.
and closing al IA, or net gain OF "a per cent.
Exaggerated ideas appear TO prevail regarding
the protection afforded the Sugar Refining in
well 10 bear in mind that the bill is designed TO
secure the home market TO home producers. and
that the ADVANTAGE which the pending bill seeks
20 give IL 20 the domestic bcet-sucar producers |
The Reading issues were prominent features, !