The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-01-23
The Market Generally Left OFF With a
Steady Tone Yesterday. l
ROOM TRADERS DID MOST OF BUSINESS
The Favorable Factors of the Week
Odtnumbered tho Others, AIS
though tho Disturbing Features
Wern Regarded IL, or Greater Inn.
Portanco- Changers nnd Coaicrs
Were Heavy.

New York, Jan. 22.-TTa ding IN stocks
Today was OF small proportions even
Tor o Saturdays brief session. The
market generally left off with & steady
tone at slight recessions in values No
outside interest was apparent land room
traders transacted most of the, business.
Ihe stock market for the week in
most cases has resulted in fractional
decline. The favorable features in the
situation outnumbered the others al
though the disturbing factors were re-
garded as. of greater Importance.
Nmong the grave affairs in the situation
from the speculative standpoint were
tac New England cotton strike and the
possibilities in China, Cuba and the
consideration by the Senate Of the res
olution that government bonds may be
paid IN gold or silver. While no rad
zeal legislation at this time was expected
concerning either silver or Cuba, the
professionals made the most of the sit
uation with view Of bringing about a
reaction and were partially successful
AT the same time the foreign markets
We're overahadowed by the possibility of
enc, European powers becoming en-
broflcd over China. On the other hand
there was much to justify an optimistic
view on prices. These were satisfac-
tory trade conditions, immense increas-
eA In railroad receipts, large exports.
scarcity OF failures in the commercial
world. easy money and the fact that
over four-fifths of the Illinois Ccntrarrs
Sl5.Go0,000 bonds had been taken for do
mestic account. Egypt and Russia,
usually sources of supply for Europe,
were reported to he importing Amer
lean corn. Money at this centre was
quoted lower than in almost any other
part Of the world. and this alone was
supposed to impede gold impots al a
season when sterling exchange usually
rules pretty strong. Money continues
to srav.'a;c here from the interior Of
the cori'. y, the banks gaining over
s1.500CG' IS. week. The break in the
money N'lcket was largely due TO the
continu nee of the governments de-
posts o: Union Pacifc's money in the
banks.
The Klondkers. Sugar and local cor
porations, including Gas and Traction
shares, were the active features of the
week, at times showing buoyancy, hut
With manipulation ever present. The
Changers and .Coalers generally ruled
heavy.
Conflicting adviccs regarding the
probable success Of the Hawaiian treaty
were reflected in Sugars fluctuations
Other influences in this specially were
statements regarding the position of
insiders. rs to whether they had been
acquiring the stock or favored 4 further
decline. After covering a range of
nearly three points, Sugar closed with
II point Improvement
The bond market for the week dis
played striking degree Of strength
In special cases, which embraced liens
of companies operating the Pacific
Northwest
The transactions for the week were
S20,2n, 900. Government bonds ruled at
slight concessions generally throughout.
The total sales OF stocks to-day were
$4,000 shares.