The daily morning journal and courier., 1897-07-22
EtmanctaI.
The Stock Market Yesterday Was Gener-
 ally Steady and Firm.

New York, July 21.-The stock mar ket to-day generally was steady to firm and at the closing was strong at bet ter level for not only the more active shares, but also for shares usually qui- ct and unobtrusive. One of the most potent influences was two per cent. extreme rise in wheat and the export orders of over a million bushels of wheat. while yesterday the enormous quantity of million and a half bush els were engaged for export, which is the largest days business in a number of years. Other influences were the treasurys continued gain In gold, favorable crop outlook and predictions of the tariff S early becoming law. Predictions were not wanting that this country would have a. large credit balance abroad next year, although there was g. possibility of moderate gold exports soon. Speculative and commission house orders were sustaining influences in the local market, while foreign bank CTS maintained that recent London sales were really the liquidation of pur- chases in London for New York ac- count.
 | Top prices for the present movement were recorded by Chicago Gas, Rock Island, Brooklyn Rapid Transit, Lead Chicago and Great Western, and Mis- sourf, Kansas and Texas preferred, as well as some less notable stocks. Com pared with @ month back, twelve in dustrial stocks are quoted to-day at an advance of over four per cent. while twenty railroad stocks are up over 215 per cent. This rise, of course, is a con- stant temptation to those who, for sev eral years, have found short sales at every sharp advance, ultimately profit ing business situation and expected in crease in railway earnings may carry the market above the figures prevailing before the '93 panic.
 Sugar rose to 1451s. receded to 14211 and closed with a net loss of % per cent. It is claimed in some quarters that the interests most active in the recent advance of the speciality have realized on much of their holdings, but there is no way of verifying such ru- 1>,, 1,yxvt r,,t tributed to tariff changes. Chicago Gas advanced on confident buying, in view of dividend expectations. Consol- idated Gas broke four per cent, part of which it subsequently, recovered. The disturbing feature seemingly was feal that the consolidation of other conpa- nies, if 1t materializes, would lead to sharp competition.
 The grangers were in parcticularly good demand, notably Rock Island which improved on reports of immense crop reports in Kansas and Oklahoma Crop prospects also strengthened south western stocks, especially St. Louis and Southwestern preferred, and Missouri Kansas and Texas preferred. Hopes ot an early settlement of the soft coa strike upIifted the Tennessee Coal and Iron, although the June report was far from favorable. Wheeling and Lake Erie preferred was also benefited by the former influences.
 The rise in Brooklyn Rapid Transit was on the conviction that important street railway unions were approach ing. Notable gains of point or more follow: Canadian Pacific, 2&; Lead, ? Brooklyn Rapid Transit, Brooklyn Union Gas, Chicago Cas- Rock Island Detroit Gas, Kansas and Texas prefer red, St. Louis, Southwestern preferred Oregon preferred and Lake Erie prefer red, while declines were noted in tht following: Hooking Valley preferred 5; Pittsburg, Cincinnati, Chicago ant St. Louis preferred, BE; Iowa Centra preferred, 21k, and Oregon Short Line
 Business in railway and miscellane ous bonds was in considerable volume at marked enhancement in values o some securities. The Central of Geor gia liens responded notably to the ia vorable statement for the fiscal year and some of the active issues receivet better support than for some time. Tn aggregate sales were $2, ,267, GOO.
 Governments held firm on light trans actions. The sales were $7,000.
 Following are the closing prices re ported by Prince & Whitely, banker! and brokers, Is Broadway, New York and 15 Center street, New Haven: