The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-05-15
GOUI.DS AN EXCEPTION
The Market Was Under Steady and Unre-
milling Pressure All Day.
WIDE GAP IN THE TOTAL VALUATION
The Railway List Generally SOLD or
i.nr@c Fraction, the Grnngcrs
Leading, but Recovered - Portion
oGthc Loss Eciorc the Close -Surnr
Continued Heavy.

New York, May lathe market was
dnder steady and unremitting pressure
all day from one source or another. and
the result is wide gap in the total
N1iuatton OF securities, compared with
the close yesterday. which it would re-
CURE many millions Of dollars to bridge
The only cheerful factor in the market
was some small early buying for for
eisn account which. however, failed TO
sustain values, and the exceptional
Strength Of the Gould shares During
the earlier hours OF trading the bears
h2Tped industriously on the develop
msnts III the Cuban question ana the
governments proposed attitude towards
II. The Washington advises We're held
10 foreSnadoW aggressive action by the
government. such as would be Likely to
e:noroil the country with Spain When
IL ter adviceS f.om The capital indica ted
the milder character Of the measures CON
tampiatcd and that .hey would probably
pc confined to the dispatch Of relief 10
distressed American citizens in tho is
land, the bears turned TO the announce
Ment OF an additional shipment OF
Sl,2oo.00o in gold bars by io-morow's
steamer. This makes the total for the
steamer $2.23C, Q0O whereas the selling Of
stocks earlier in the week was hased
upon an estimate tha shipments would
eSgregatc :I,000,000 or even $40. 0OO. 900,
IT Is significant. also. that theEc ship
NentS Were made on abled orders from
Europe. including the special character
OF the demand for the gold The yoluma .
OF purchases of securities for foreign = ?,
count during the week has undoubtedly.
aIec:ea the exchange situa ton. The de-
crease f.: the week in the value OF
drE gcod2 imported at New York Of
SZ,oa5'2o6 Is equally Significant. The mar
Eet Wa;;, however, under vague appre-
fensi9n that there would come late news
OF iurthe" heavy shipments and the
bears made this an etIccsiva :ns:rument
10 keSping UP the depression
i5cio"e any notably rally could occur.
n;.Tf; VAS received that the presidents OF
INC anthracite coal roads and comma
h'>s had received summons from the
2t-H:nnI GsneCaIs office at Albany ia
answer to charges Of conspiracy undc,.
Ire new antitrust laws. Mark ed heavi-
NsSS deNeoped IS a result in all of the
an nTacite coaiers. and synpa thy In tile
ent re AGt, especially In tho ndustrials
Nn-cA might be proceeded against on
Inc same charge SIS that brought aca;ns,
the co2l companies. New Jersey Cent. a
ie to the lowest price OF The year I'M
81 ,;.H sei.ins The extreme decline
coalers ranged from r. 10 i2.. Sugar
continued heavy and declined TX The
railway lis. gene: ally sold off a laro,,
'Faci:cn, the G:angers leading but re-
coEeE@a HAGtion Of the loss before the
coSe Rubber preferred lost IL. The
Gould Hhnres wee notable exceptions -
ne W5akns=s CT ,he market, Manhattan
eENceta!!S thowinS a rise at one time OF
-, WIN suAse,Puent reaction Of q. The
e - y ~ otneE: were confined 10 frs c
s;:., ne closing was steady, The
80; tSr1veTies being we'll held.
Atn to;2I sale Of stocks for the day
ss:n9NM;co 70 l3l,9oo shares. lnc,udin~
$50: 2, 100: Bucling:on 1l,l0o; Chicago
Gas 1880; Manhattan. 1850; Readjnr
~, 2;' ) =; ocn P2ul, 1850; New Je:scy Cen
I!24iAg was in sma'l volume in the
runway and miscellaneous bond m :. rket
"t'h iHinAe%S generally apparent in the
were $l&G,000