The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-05-01
NARROW PUNCTUATION
The Transactions Of the Day We're Small
and uneYenly Distributed.
THE BEAR SENTIMENT PERyADEp
The Large Shipment OF Gold From
This Country to Europe creating
Great Uneasiness Among Capital
ists-Is is q Big Surprise as Well as
Disappointing.

New York, April 30-The prices of the
actlve railway stocks scored an average
net loss or about Il per cent. to-day.
when Is probably q fair measure of
me influence upon the stock market Of
,lhe heaVy shipments Of gold to Europe
oy to-morroW'S steamer Some OF the
losses We're heavier and some were less,
put II was because they were influenced
py special causes. Bear sentiment per-
vaced tlle market quite generally, but
the dealings were most strictly confined
TO professional trading. Transa ctions
were small and unevenly distributed.
only Sugar was dealt in to an amount
OF 10000 shares and the total sales were
less than $1,000 shares. The fiuctuation
were narrow, and outside interest In the
market was absolutely dead. The con-
dition Of the market for American Sc
curlt1es III London was equally dull,
parely because tomorrow IS a holiday in
that market THE volume already reach
ed by the gold shipments is unquestiona-
oiy surprise and a disappointment to
all holders of securities. The with
draWals Of gold from London for Austria
ana Japan for some time past had pre-
pared observers for a reflected demand
mere. but 1t was expected to result in
sactlonS In the nature Of purchases
OF gold with a quid pro quo to cover
premium. The lower price at which
sterling demand bills are selling indi-
Gates that some such transactions are
being made, but the large volume OF
the shipments showed also, that there
must be q legitimate demand for re-
mlttances to meet adverse exchange,
growing out Of trade conditions. TO
nlorroW'S shipments will be 81 O00. 900
making the total for the week SC, an 900.
iurther shipments OF from $3.50, 900 to
S!.oooo00 are already announced for next
Tuesday.
mat this has created .. feeling Of un-
eaSlness among capitalists is obvious
~ fl,n 4111
change to-day. The heaviest declines
were IN the coalers and some Of the
,noustriais New Jersey Central lost
n; Laclkawanna. lss, and Reading Com
mon ana Reading Second Preferred,
point each. Leather Preferred and Rub
per also suffered to the extent OF IL
and Tobacco, Rubber Preferred and
western Union declined a point each
IN the railway list Northern Pacific
showed the heaviest decline Of II. and
Hooking Valley fell IL to ~ the lowest
IN the record Of the stock Burlington.
Louisville and Nashville Lake Shore
omaha and Lake Erie and Western
each Tel! a point. There was a frac-
tional rally at the close which made net
declines somewhat less than these fig
ures. Pacific Mail was All exception in
the market and displayed sufficient
strength IN the closing dealings to rs
tablish n net gain Of 4 point Stand
ara OH sold to-day at $500
Inc total sales Of stocks was g. 200
shares. Including American Sugar RE-
inery. 1850; Burlington and Quincy.
$500: Chicago Gas Trust Receipts. S,7OO:
Readinf 1900: St. Paul, $500; Western
Union. $500; New Jersey Central, 5000.
The bond market ruled depressed in
sympathy with the heaviness OF the
share speculation. The losses, however.
were not material, except in remote
cases. Some few issues were conspicu-
Gus for strength, notably Norfolk and
western. New River Firsts, which adj
nanced 1 per cent. The sales We're
$3.50 900