The daily morning journal and courier., 1899-08-24

the dealings were decidedly irregular at
 times It became manifest at the open | ing that the inside interests in Brook l lyn Transit were prepared to offer a very determined resistance to any fur l ther decline in that stock, which they have not been doing for some time past, | though they have been credited with buying on a regulated scale downward since the recent marked weakness de- veloped in the stock. To-day the deter imitation was manifest to keep the price from further decline It was never more than 1A per cent above last nights level and was extremely feverlsh all day within a range of about points. But pressure against the stock was re- faxed when the determined nature of the support became evident. There was some disposition to cover short contracts in other stocks which have shown sympathetic weakness with Brooklyn Transit, The cessation of the bear campaign left the way open for an unopposed advance and there was a large element inclined to buy stocks. The advance in American Tobacco was
 
 day The buying of this stock was on an enormous scale. A deluge of offer ings was encountered at about every point up, but after the absorption of these the upward movement was re- stunned. The extreme rise was over points. Continental Tobacco stocks rose 8 and 3 points, respectively, in sympathy.
 Sugar showed momentary weakness at the opening, but was increasingly strong as the day progressed and is up 212 points on the day. There were heavy takings of the Leather stocks, which have gained 11a and 2as, respec- lively.
 Tn the railroad list business was ex- ceedingly well distributed and a large number of stocks show gains between 1 and ? points The most notable feat ure of the trading in this department was the tendency to turn to the mid de and low-priced stocks, while the high priced and established dividend paying stocks were almost universally left quiescent In fact, not d few of this grade show small net losses, The low return at present dividend rates made by the high grade railroad stocks and the prospects of coming dividends or increased dividends in lower grade is- sues, owing to the continued increase in railroad earnings, were the motives of this development in speculation. Com mon stocks of reorganized companies having preferred stocks ahead of them whose dividend claims are provided for with an accommodating surplus of earn ings beyond were the features. Some of the Southern and Southwestern stocks which have had recent large advances were held back by realizing. With the | exceptions noted, strength was well dis tributed through the different railroad | groups. Net gains of ? points or up- ward are shown by Baltimore and Ohio, | Erie first preferred, Hooking Valley, | Northern Pacific Fort Worth and Rio | Grande, Chicago and Eastern Illinois, | St. Paul and Duluth, the latter rising | an extreme points. A much more | cheeful sentiment was reflected from foreign stock markets to-day and Lon !! don was buyer on balance in this | market.
 The bond market was active and | strong, and dealings were fairly well l distributed among the speculative | bonds. The total sales, par value, were l S3, ,O07, GOO. ..
 United States threes declined 4 in the bid price.
 aEU YORK STOCK MiRHET. Dpentnr Highest, Lowest Quotations