The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-05-22
DULL and .APATHETlC
The Dealings We're In the >S'r!ctesi Sense
Professional and Very Small.
DEALINGS IN SUGAR VERY SMALL
While the Tendency or Prices Was
Upward tho Market Was Totally
Lnckints la Fsuoyancy-Thc Engage.
nlent OF 81 100000 In Gold for Ship.
ment Had No Marked Eueca.

New York. May 21.--The stock mar
ket was relieved to-day OF some part Of
the pressure OF heavy liquidation in the
coalers. and especially New Jersey Cen
the heaviest drag upon 1t for several
3 days past. The latter stock showed
some strength to-day on renewal Of
faith In favorable action by the Illinois
Legislature on the consolidation bill.
Jersey Central also recovered about 2
points from the lowest of the day on
quite heavy covering movement. The
underlying strength OF the market was
thus allowed to assert itself to some ex-
rent. and was helped by some special
result that the days trading brought
fractional gains all through the list
While the tendency Of prices was up
ward the market was totally lacking in
buoyancy and was dull and apathetic,
the dealings being in the strictest sense
professional and very small and the
variations, outside few cases, very
narrow. 4 fea turc OF the market for
tHe last few days has been the small
volume Of dealings in Sugar. Efforts
nave been apparent 1T different times
recently 10 repress any marked upward
movement in this stock since the tariff
Nbill has 'keen reported to the Senate,
5Restricted dealings in a dropping mar
tket5Would be natural consequence of
( this policy.
Sl.SU
100 i'll gold here had no very marked
Sefect on values, as the amount was
about what has been anticipated. The
shipment is said to be in settlement Of
dis of exchange sold during the week
The exchange requirements have been
very small and the probability is that
such exchange as is called for is being
settled by gold shipment. even at the
low price Of exchange prevailing, and
this Is considered to be not unlikely to
continue.
The weeks imports Of dry goods at
New York We're valued at S2S732 S4
which is decrease OF S423.SSl compared
with last week. / is probable that the
imports OF general mercha ntl;se at this
port to be reported tomorrow will show
proportlona,c falling OFF the decrease
receipts from Customs reported from
day to day fcreshalovng such q re-
suit and accounting. il part. for the
light demand for exchange.
London did some buying in the New
York stock market to-day and was q
factor In the upward tendency OF prices
Jersey Central ami Chicago Gas again
absorbed about .inc-t third Of thc total
dealings today, he aggregate sales or
all stocks being only ll"o0o shares. Ier-
sey CentraiS range was 23sc and the net
gain sc, Lacsawanna ana Delaware
and Hudson also improved the former
1Ac. and the latter sc Chicago Gas.
General Electric and Manhattan gained
Duout d poiii eacn ca he DAY, the lat
ter on reports, afterwards denied, that
the new motive power TO be adopted had
been determined upon. The railways
practically all closed higher, Omaha
leading with gain Of &c. There was
good buying in Western Union. re-
sulting in a rise OF &c. on the day. To
bacco was heavy and lost n large frac-
zion. The closing was strong, though
dull and practically al the top prices of
the day.
Total sales Of stocks for the day
amounted to 1N!.3GO shares. including
$500: Burlington. II, 500; Chicago Gas. 49,
400: Rock Island, 500: Jersey Central
21.200.
The bond market ruled quiet and UNI
interesting with Il slight tendency to-
WARD higher plane. The st. Louis and
san francisco securities We're prominent
IN the speculation, with the general 9s
rising 15c. and 9s skies 1c. Several is
sues were marked by hcaviness, !nclud-
ing Jersey Central, Coupon and Regis
Tered 5s. The, aggregate sales were