The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-05-18
STRONG ALL AROUND
The Dealings On the Exchange, However,
Continue Almost Wholly Professional,
CHANGERS IN EXCELLENT DEMAND
one Third OF the transactions on the
ExchnnSc Were in Chicago GINS nnx,
sunnr-Tobncco Was wealk OF the
aAiinois Decisions 0aiers We're
Strong aud Scored u a,iBe.

New, York. May 1.-THE Presidents
message. calling for an appropriation to
IelieVe destitute American citizens in
Cuoa, proved far less hostile in tone to-
wards Spain than the dealers in securi-
Ties had apparently persuaded them
selves that it would. and the nrarket
strengthened upon its publication, re-
covering some part OF the loss that en-
sued upon early intimations that the
message was forthcoming, and that it's
zone toward Spain would be extremely.
provocative
with the exception Of few weak
spots in the market, due to causes pecu-
liar to the stocks affected. the market
was strong all around to-day, and even
rhe limitations from Washington that
early action in the Senate on Cuban
belligerency was probable did not weak
Ell the tone Of speculation. The traders
wave apparently persuaded themselves
that there is much less danger 10 values
III action by the Government In Cuban
affairs than they have felt during the
previous agitation Of the subject The
dealings on the exchange however, still
continue almost wholly professional and
exceedingly restricted in volume and
the movements Of prices reflect little
more than board room lnanoeuvring for
snort turns. and no definite opinion on
general conditions.
me renewed uneasineSS apparent on
the London Exchange over the truculent
attitude of Turkey toward the great
powers was reflected here to some extent
at the opening, but the weakness was
overcome early in the session The
easier tone OF the exchange market. both
on London and Paris, was Il factor in
strengthening the market. 1t does not
escape that the flow of gold into the
United States Urea sury keeps up stead
ny and hllat In the intervals between the
Withdrawals for shipment the Urea
Sury's gold reserve tends immediately
toward replenishnent
The prospects Of large grain crops.
which had the effect OF weakening the
wheat market. tended The other way in
Inc market for railway shares the
Strangers especially being in excellent
demand, notwithstanding the small
ealSt-hound shipments reported and
rumors OF rate cutting by Western
roads and recvi!nination on that account
between the roads. Ono-thrd of the
transactions on the exchange were in
Chicago Gas ana Sugar the former lead
Ing the make; III 4 buying movement,
which advanced the price 2Ac on the
day. Sugar was weak early, but scored
a net gain OF a fraction on the lay
Tobacco was weak on the Illinois deci-
sion denying the legality OF the COM
pany, but inside support was forthcom-
Ing and the loss was mostly recovered
EarlN strength in the cOalers. amount
Ing 10 rise OF lac. in New Jersey Cen
tfal. followed by hcavincsS, ana the
gains were more than wiped out Gene
raj Electric seems TO have been caught
without support by the bears and was
sold down 2Ac only the fraction being
Tegained The Gould shares advanced
on covering early, but developed weak
ness later In the day. Fractional gains
were Very general through the list. Lon
dou aold some stocks on arbitrage early.
but later became 4 buyer. and IT is es-
timatc6. bought some 900 shares more
than were sold.
The total sale Of stocks for The day
amounted 10 l37,335 shares including
-N"crican Tobacco company, go;
SUGAR l0hto. Burlington, u. 100: Chica so
Gas. co.7oC: General Electric. IL COO;
Manhattan, 200: ST. Paul. 1870; Jer-
EGv Central, 9200.
The bond market displayed little fca-
surc. but prices We're we'll held and a
Urn, undel'tone was apparent Fluctua-
lions were usually narrow and but Iii
tie attention was paid To the prominent
issues. The aggregate sales were $780,
600