The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-05-06
STOCKS SHOWED LOSS.
The Activity of the Dealings Considerably
Diminished as Compared With Tuesday.
THE GOULD STOCKS WERE DEPRESSED
Naarly Half of the stocks Sold We're
Sugar and iii tcn.:o Cns-Thc s.ower
Prices O; Americans in london
Iaetrch tho neciinc TO, Some Ex.
scns-No More Cola Shipments.

\ New York, May 5.-To-day's market
vas feactionary throughout and very
mary stocks showed a loss of a point
OF over on the days transactions, the
part lost. The activity Of the dealings
was also considera bly, diminished as
compared with yesterday, the total
shares sold being some $4,000 less than
yesterday. Of to-day's sales nearly half
were of Sugar and Chicago Gas. Out
side Of these Western Union was the
only notably active stock on the list.
The Gould stocks. all Of them, and the
Coaiers were depressing influences In
Inc market 70 some extent, the former
seeming to be totally lacking in re-
sl!iency until the final transactions Of
the day, when they rallied 4 fraction.
There was what locked like liuuida-
ton In all of these stocks and
many rumors bearing on this
were set aroat to help on the
decline. The turbulent rush to cover
OF the shorts last night left that inter-
est largely depleted in to-day's market,
ana there was no resulting pressure to
buy There was, besides the natural
react!on from yesterdays upward rush
on profit taking. The lower prices OF
Americans in London helped the decline
to some extent, though not fully to the
London parity until that market had
sold several thousand shares of the
leading International stocks in this
causes to the depression. But the prin-
cipal motive Of the selling was undoubt-
edly q modification Of the view held
yesterday that the tariff bill was assur-
ed OF a speedy enactment into law. Re-
ports found currency early in the day
OF expressions Of dissatisfaction with
the bill by prominent members Of the
House of Representatives and especially
OF determined hostility to schedules.
which arc viewed with most interest
IN wall street. Seeing the Tenderness of
the market the traders embarked upon
selling movement to discount the de-
feat OF the Anglo American treaty in
the SeE'ate, the vote upon which was
not taken whcr the market closed
There was no evidence in this Of any
deep-seated timid.ty on the part OF can't
tai lest the defeat OF the treaty should
lead TO International compiled tions It
was rather nlonOeuvre Of present
traders which was effective in a mar
row market and which was based on
supposition that London VIII sell Amer-
can securities on the defeat OF the
treaty. The day was marked by fur
Their decline In the rates Of sterling
exchange. demand touching SiS7 and
sixty days $i.S5% and the consequent
subsistence of apprehensions OF further
gold Shipments on Saturday, which arc
now considered highly imDroha BILE
Rumors OF an agreement by an exchange
house not to ship more gold were denied,
but there was coupled with the state
ment that further shipments were not
likely this week.
The total sale of stocks was 157. BAT
shares. including American Tobacco.
$500; American Sugar Refinery, +AS0O;
Burlington and Quincy, $500: Chicago
as. 25.l00; Manhattan and ST. Paul,
$500; Western Union. $500