The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-05-27
ACTIVE !. [ AMI, .STRONGER
The Animation. of the Trading Somewhat
subsidized After the Noon Hour.
PRICES OF MOST STOCKS FlRALY HELD
There Was u Marked Drondening
tendency to Speculation, Many
Usually Inactive Shnrcs Coming
Into asemnt,d ind Gnintn. in Price
Aond.Mnrket Was strong.

New York. May 26.-The stock mar
ket was no.a bly, active and strong in the
early hours OF t.6d.ng to-day. The an
imation OF the trading somewhat subsi-
ded after the noon hour on account OF
the announcement Of an additional ship
ment of 100000 in gold tomorrow, and
on profit taking. end some weak spots
developed In the list. which served some
what 70 check the rising tendency.
Prices of most stocks were, nevertheless,
guile fl. mly held until the close, and
substantial net gains were the rue as
the result Of the days trading. There
Was quite q large number of shares
sold here for London account, but they
represented nothing but arbltrage ope-
rations by professional traders, The
higher level Of prices here offering q
sufficient margin Of profit to invite the
operation. There was a marked broad
ening tendency 10 speculation, many
usually inactive shares ccmirg into de-
mand and gaining in price. The out
side interest IN the ma rket, which frs,
manifested itself yes.e day was again a
feature to-day, and various commiss ion
house orders were in evidence. Smaller
transactions Wee Of cons.dera bly, small
er volume ihs n y ste day. The fact that
the Senate lis actually embarked upon
the consideration OF the tariff bill and
the belief that the measures taken 10
expedite action by that body upon the
bill will prove elficacous, were the i'm
pel'HS causes pl the more Caeerful
view Of things taken on the stock ex-
change. Wal street wal uron gene
raj t:ade revival as the panacea for the
1lLs that affiict security values. Traders
In stocks act upon the belief that pro-
sress toward the enactment Of the new
tarif law justlfies them in discontinue
ing the good effect expected to accru.
70 business in general from definite
settlement OF the future conditions It
VIII nave TO DO with. Improved raj T.
way earnings, especially from the South
ana southwest. are an encouraging fac
LOT For the third week IN May. the
southern railway shows an increase in
gross earnings OF SIS 3Oi; Louisville and
Nashville. Of s16.170; ST. Louis, South
western and Kansas City, Pi;tsburg and
Gulf also very substantial gains On
me other hand Wabash ana Chesapeake
ana OHIO showed losses. The ST; Paul
sta element for Apr:l was also a disap-
pointing factor The decrease shown in
gross earnings was s162.S2l, and In net
earnings $35.750. This had quite a
marked effect In the afternoon check 10
the rise In values. Net gains were gene
rally fraction less than the extreme
ADVANCE. but were the rule Throughout
the list. New jersey Central was ysry
erratic. but gained "a per cent. net. Bal
ITore and Ohio showed weakness Oh he
9ei:ef ina the company will default its
June interest payments, and declined
l&c 10 10ssc.. cl sing near the lowest.
Inc total sales of stocks for the day
amounted to lSi.G51 shares. including:
sugar, 1910: Burlington and Quincy.
~ 300: Chicago Gas. l6.6OO: ST. Paul 49,
400: Western Union, II. 800: Jersey Cen
trail. $4,000
The bond market developed aggressive
Strength on large transactions. which
were attributed in part to a revival or
outside Interest. The gilt edge liens
were IN fair request at advanced prices,
bn: In the middle grade and specul,tiyo
Issues the gains We're more pronounced
Inc aggregate sales were $l,362, 900.