Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-05-26
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange, Bonds, Grain,
Cotton, Provisions, Etc.

New York, May 25.-Transactions in
stocks were OH a larger scale and trad
ing showed more amin lti0n than for
several days past. There were evil
dences of a considerable outside inter-
est in the market, especially in rail-
road stocks. But operations continued
still In very large part in professional
hands. 1t was Il conflict between the
bulls and bears for supremacy and the
bulls easily had the best of it. There
We're several conditions that aroused
apprehension on the part of the bears
and they showed q disposition to cover
Short contracts from the outset. APP
parently there had been a quiet picking
up of stocks from the long account in
the recent depression and the holders
were as willing TO take profits If they
could get them as the shorts. They
proceeded therefore to bid up the mark
ct and induced quite an active move
mcnt for both accounts. The decision
of the stock exchange to keep closed
over a double holiday from the COM
ing Saturday until Wednesday was a
motive for closing up accounts both
long and short. The market hesitatcd
only momentarily at the opening, at
which time low prices for the day were
made in nearly NIL cases and then NOV
ed quite strongly and confidently up
wards. There were occasional pauscs
and set backs, and some irregularity
and realizing movement in the late
dealings brought prices generally below
the high level, but very substantial net
gains remained in nearly all cases. 1t
has been obvious for several days that
tho short interests were becoming rath-
or unwieldy and prcmeditatcd at
tempt was beicg arranged to take Tic
market from the shorts previous to the
coming holidays. Some of the factors
which assisted the bulls were the excel
lent reports OF railroad earnings for the
third week in May which continued TO
De received this morning. This was es-
Iecially true of the Southwestern roads,
Of which the shorts were rather free
sellers yesterday. The rather buoyant
tendency Of the wheat market on con-
tlnued crop scare was therefore ignored
and the Changers ana Southwesterns
were quite freely bought. Reports were
circulated with the appearance of au-
iher i!osty that the dividend disburse-
incEtS for the current period or the At
chiscn preferred stock had been prac-
t!ca!!y decided upon. The shorts who
had sold on doubts of this were there
fore driven to cover.
The passage Of the modified Ford
Git!ons imposed upon the New York
municipal corporations. lifted that
Group Of stocks quite markedly. Lon
don wss u buyer of stocks to n moder-
ne extent. and this was an influence in
TIE easier tore CT sterling exchange.
which relieved scnc Slight apprchen-
riol Of possible gold exports.
srgsr ard the Coalers were manipu-
lated fer Il rise by the bulls and there
were evidences OF strength in Southern
Pac ,iic and Central Pacific Thasc con-
ditcrs were too much for the ouuanim-
~ az lLlc bears ard they joined in the
buying movement, with results ms
rbn'e Indicated. Pressed S,ccl Car
YES The mes; conspicuous exception to
tHr prevailing strength.
there was continued large demand
Tor all available classes CT bonds. gov
o"airenss !acludcd. and prices are high
Si.G4c COO.
United States s's coupon ana the new
As, advanced u AID the IS Is in the
b'1 price
The total sales oc stocks were 4s,5oo
New York, May 25.-s.andara Oil.