The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-05-12
ANIMATED DEALINGS
hark : Continued Strong and Prices Ad-
eanesd UullI Close, Of London Exchange,
MORE GOLD SHIPMENTS ARROuNCED
'ss:S htii~ s.o>i Heart in the race OF.
i:,r announcement NJ. f,nui. Rur.
. 'l''s''.,', 'ss,H Western Union were
=: n">t ,i;.iisr>tnc.si IN lac Order
=: 70 ! ts'i.trs H,"m,a:: - Loss.

. - o-tiiS = market
!S.a"tl ~ he strong and
= f.;!! around as long as
~ i.h'Hf MAS IL session to
800 inuerce /" the oca!
t.,2 +a!i.&: showed some
-:M,; :r .!E.d Nul4nle and
A' 't't - = = n..$ cA$y ana unE ter
.t.h, i,l,. *3i!'!i OF lcSsimism
49, t''i ;+irnn,; 90 tusiast Very long
AZ RAJ G2".s: !,>is,yit ~ the London EN-
i s.s.'-a "itn l.nndon con timing to
=t:5;& A@lNilI il this; market after
t.;' v.J'e ~ is tNchunSe The prices or
i .N'.tSt't:i:;:; n london nave la tied some
s;-.>t :, ~ ,il!:; Tine III spite Of The gene
i:i iifHi,1Nel2ent in that market grow
ms out or The subsistence OF alarm over
ti!e war III tile East. because. London
waited for New York 10 give lnc cue FOR
an advance To-day, however the gene
raj tone III LONDON was so strong and tho
lhlproN@ment 50 general that ii extended
20 the Americans without waiting for
NV ! ork iniative The cessation OF
me day trading i'll London was follow
ed by the announcement here Of a $500 :
wv sold shipment on Thursday and this
was followed by vague rumor that
shipments for the week would probably
ceach a total Of S7,000,000. Although gold
shipments have been expected and conf
IDENTIFY predicted for this week, the bulls
iost heart in face OF the actual announce
lnent. and the whole market sold Off
with no subsequent recurrence Of deci-
siVe strength. AS a matter of fact eS-
cnange rates eased perceptibly with the
Offering OF bills against the gold ship
inent, and the large purchases OF secur-
tiles by London here estimated at If. 600
snares OF stock, and some large blocks
Of railway bonds.
me Improvement In the price OF KAT
firs In London to-day is another ia ctor
90 De considered in the exchange situa-
tloil. as the heavy liquidation OF Paris
iola'ngS Oh these securities on the Lon
Don market is the rcputed cause OF the
Paris demand on London for gold and
indlrectly, or the shipments OF gold from
view DIRK to Paris. These elements in
the situation make the volume OF gold
10 be shipped from here this week still
more prnblematical with q growing Iik-
llhood that they will be less rather than
more than was anticipated.
But these considerations did not allay
tne approximations OF the traders and
they allowed prices 10 decline AS q con-
sequence net changes OH the day arc
senefaiiN very narrow. but rs 4 general
RUE al or the early gain is more than
lost with resulting net losses Of q frnc-
ION, the volume Of the dealings greatly
unnlhlshing on the decline. Chicago Gas
81. Paul, Burlington and Western Union
were the most active stocks III the. order
named. The net losses in the coalers
were wider than elsewhere, extending to
point In New Jersey Central Foreign
buying was responsible for advances or
rs per cent. in Norfolk and Western
Preferred and IL per cent in Norfolk
anu Western Common and in Oregon
navigation preferred, two usually mac
tive stocks.
me total sale of stocks for the day
amounted to 1852 shares. including
Sugar, 1900; Burlington, II. 200; Chicago
Gas 261O0; Louisville and Nashville
2;Soo; Manhattan. 1920: Reading, G. 100 ;
Rock Island. $780, ST. Paul, Is. 500: West
ern Union. 1900
fhe bond market displayed stiffness
generally on moderate lransa ctions.
with renewed foreign buying the fea-
thre. The sales were $l.194,OOO