The daily morning journal and courier., 1899-06-28
PRICES THE LOWEST, Quality, of garments good as the best, Walter Leigh, 759 Chapel street.
EtM1Mctal.
The stock Market.

after notable active opening an dearly sprung up again in the last half hour of | the trading in full force and carried prices of the railroads to the highest of the day. New York Central was again the center of interest in the market and it was final spurt of 11a points in that stock that gave the market it's strong close. The last sale of Central was at 1401S the highest of the day and 21a per cent. above last nights close. The late buying of the stock was on very large scale, blocks of thousand shares and upwards showing quite frequently on the tape.
 Manhattan was also rushed up in the final dealings to 116A on the announce ment of the closing of contracts looking to the change to electric motive power. The bull leaders were evidently in con- certed effort to make final prices of the day the highest. The separation of the trading in the railroads and the indus trial stocks was not quite so sharp as yesterday. Federal Steel was conspic- uous at the opening for an advance of 15s on the dismissal of the injunction against the payment of the dividend de- clared on the common stock. Denials from official sources that any labor trou- ble was impending among the street railway employees in Greater New York also gave an upward tendency to Brook lyn Transit, and Steel and Wire showed some sympathy with Federal Steel since the directors of that company had as- signed the injunction against the Fed eral Steel company as a reason for not declaring a dividend on their common stocks. Sugar was also disposed to move upwards
 But the early prices in the steel stocks were the best of the day and in none of the industrial stocks were last prices the best The weakness of the specialties and the hardening tendency in the mon ey market checked the activity and strength in the stock market until the final upward spurt The days business as a whole was however, was larger than for some time past and was re- markably well distributed throughout the railroad list, to-day's reports of earnings from all sections emphasizing the effect of those received yesterday The movement in New York Central separated itself mere from other mem- bers of the Vanderbilt group than was At.a hn of the bull traders that the buying was for the account of insiders was given color by the presents in the street in person of w. K. Vanderbilt, an event always made much of by the bulls. The increased speculative activity ca nhard- ly fail to call for increased loan accom- modations, and this is expected to add to the already unfavorable bank return for Saturday, in which gold exports Of $7, 800, 900 already engaged will also have to figure The heavy dividend and in terest obligations to be met on July will also make heavy temporary de- mands on the money market. The pos sibility of a squeeze under the circum- stances is taken into account by some observers.
 
 hardening of money rates in New York resulted in fall in the rate of sterling exchange, although the rates for money in London were also higher on the de- mand incident to the stock exchange settlement London bought stocks in New York, which was said to represent bear covering on the settlement and which had its influence in lowering the rate of exchange But whatever tenn porary furry may occur in the local money market, the July disbursements will undoubtedly bring relief. These are estimated at $115,00 000 at New York, at 2O,000, ,000 in Boston and at $14,- OOO, ,000 in Philadelphia on account of in- terest and dividends. There was lar ger proportion than usual of to-day's transactions made on three-day con- tracts.
 The bond market showed increased &C., tivity and strength in sympathy with stocks. The total sales par value were s2, 327 ,0O0
 United States twos advanced 4 and the threes 1s in the bid price.
 Closing Prices.
 Following are the closing prices reported by Prince & Whitely, Bankers and Brokers, 52 Broadway, New York, and 15 Center st. New Haven: Bid Asked. Adams Express Go ..........,. .110 113