The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-06-25
Etnameial.
Price of Stocks Made y Further Average
Advance Yesterday.

Price of Stocks Made Further Average
Advance Yesterday.
New York, June 24.-The prices of
stocks made a further average advance
to-day, putting the top level in the cur
rent bull movement one notch higher
The advance, however, was not univer-
sal and some prices are lower, the an
thracite coal group losing something of
its strong advance of yesterday. Some
Of the international shares displayed
the sympathetic effect of lower prices in
London and of selling here for Lon
don account. Others of tLls group were
bought for London account and gained
in price There were times during the
day when prices were generally below
last nights closing, and there were
evidences of heavy realizing in some
stocks.
The volume of the dealings was
smaller by over 10000 shares than yes
terday, but was rather better distrib-
uted, though the grangers, Chicago
Gas, Bay State Gas and Sugar absorb
ed about ee-fifths of the total deal
ings. An aggressive advance in North
west, which was resumed after a days
halt, carried that stock up 2% points to
117A and was a sustaining influence in
the whole market.
The grangers also maintained their
strong upward tendency and their po-
tent influencein the market under heavy
dealings and in spite of some alarm as
to the reports of damage of crops. The
belief in good crop prospects, which ad-
vanced the price of this group, was an
influence on nearly every railroad
property in the west whose securities
are dealt in on the exchange. st.
Paurs third week statement showing an
increase in gross earnings of over $22,-
900, was an encouraging factor. This
roads earnings have been greater each
week in the present month than in the
corresponding week Of any year since
1898.
Forecasts of May statements of the
granger roads give suggestions of
favorable showing and have helped the
advance.
There Is reported some movement in
currency of small denomination to
some interior points, of small proper
lions as yet, but which is looked upon
as indicating revival Of business ac-
tivity. The strength Of the market Is
almost entirely due to confidence in the
general outlook, but a number of in
dividual stocks were strong on ac-
count of special causes, as Tobacco, Bay
State Gas, Rubber preferred and Leath-
er preferred. Sugar was somewhat err
ratio, remaining somewhat below yes
terday's close, most of the day under
pressure to realize but rising to Il
above yesterdays close in the final
transactions.
Small loses are shown in some Of the
low priced southwesterns, number
of the less prominent Vanderbilt stocks
and in some other special cases, but
these only extended to a point in the
case of Erie first preferred and East
River Gas, the latter IL. Otherwise
gains were general. In the grangers,
outside of Northwest, Rock Island led
with gain Of IVA Consolidated Gas
rose a point and Minnesota Iron, Rub
Der preferred and Starch first preferred
2 each.
Continued Improvement Is noted in
values of railway and miscellaneous
mortgages with considerable trading
noted in issues of recognized compan-
les. The recognized active securities
moved narrowly, but participated in
the general strength, which was most
material in the less known properties.
Peoria, Decatur and Evansville firsts
advanced 81. per cent to 80, and Rio
Grande Western firsts per cent to 50.
The aggregate sales were $1,671,000.
Governments were in moderate de-
mand and improved slightly on pur-
chase of S37 900.
Following are the closing prices re-
ported by Prince 81 Whitley, bankers
and brokers, 16 Broadway, New York,
and Is Center street, New Haven: