The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-05-19
LONDON A SMALL BUYER.
Values All Over Europe improved on Bet.
ter News Regarding the War.
AMERICAN SECURITIES ALSO ADVANCED
Chicago GRs Was the LENDER or the
Harhct nnd WINS Strong All Day
EhtiiJust Rcfnrc the Close Whom
II Reacted n Fraction-st. Paul
81 Showed Vigorous Strength.

New York, May 1S.-The tremendous
potentia!ity for evil always latent in the
eastern question was measured to some
degree by the sense of relief reflected
IN the exchanges of the world to-day
over Turkeys acceding to the demand OF
the powers for cessation Of hostiiities
against Greece. Values all over Europe
improved from moment to moment, and
even American securities, remote as
are the properties they represent from
any danger OF harm in the cataclysrn of
on european war, advanced in price all
through the market. The improved tone
abroad was fllc salient influence on the
market. buS 1t was aided by various
favorable domestic factors in the situa-
Iron. The further Weakening Of the eS-
change market, both for sterling and for
continental exchange. added 10 the CON
Fict.on that If any gold is exported this
week the amount will be small There
was IN the tone OF the stock market a re-
heuted indifference to the possibility OF
action by the Senate on the Cuban uuos-
ton that might be unucce;,tabie to
spain. This was partly due to the be-
Let prevalent in Wall street, that the
administrator, has determined upon q
conservative policy on Cuba but hold
crs OF securities arc also lass inclined
TO timlditv on account OF the agitation
of the Cuban question that was: former
~ the case. Perhaps the restricted vol
ume or the trading was due in rart to
The Cuban discussion in the Senate. the
potal sales reaching only about 1885, 600
shares Although abGut half this
amount was absorbed by the five lead
ing stocks, the smaller slale:s were bet
ter distributed through the list than for
some tnie past, many usually inactive
shares coming III for fair degree or
activity. Chicago Gas was the leader OF
sle market and was strong all day until
Just before the close, when it reacted q
sharp fraction. ST. Paul and Burling-
ton came next III point OF activity and
moved nearly parallel all day, showing
very vigorous strength, st. Paul. how
ever showing 4 slightly wider reaction
Just at the close. The strength of the
Grangers was material factor in the
strength OF the whole market and was
assisted by the grain situation in the
Northwest and the increase in St Pauls
gross earnings for the second week in
MAY OF $1a,9iS. The Southern and South
western railroads also continued their
showing Of increased earnings in the
second week statements, Missouri, Kan
sas ana Texas With an increase OF $29, lSC
AMI Kansas City, Pittsburg and Gulf
of S29G9a
London was a small buNc, OF stocks
but was also a seller. and how far the
one OFF set the other cannot be accurate
~ stated. Tobacco moved MP 1asc. at
the close under manipulticn. St. Louis
and san Francisco First Preferred adj
Nlncsd 3SSc. ana Norfolk ana Western,
Preferred l3sc. Union Pacific and West
ern Union gained q Point each and
Leather Preferred rose 1Ac. Fractional
net gains were made through the entire
list The market closed strong and
generally at the best prices
The total sale OF stocks for the day
amounted to l32.413 shares. including
Sugar, 1l.lG0; Burlington, 1900; Chicago
Gas, 1870; st Paul. 1850: Western,
Union. 5000; Jersey Central. II 900
The bond market ruled fairly active
with generally higher prices current
Some few exceptions We're noted, b,;t
these were centered in the low grade
inactive lens. The aggregate sales were
81 100000