Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-08-16
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks. Money, Exchange. Bonds, Grain,
Cotton, Provisions, Etc.

New York. Aug 1.-THE bear element
was m evidence all day in the stock mar
tet and came of with flying co,ors. They |
made u vigorous attack in the morning
and by O'Clock seemed to have eN-
naus se6 their eort ,n Tne aSyrn az rvfl
ard stocks, rose at that time to the best
prices of the day in sympathy with the
sensational advance of American To-
bacco. But IN the last half hour of the
trading the bears concentrated very
heavy assault on Brooklyn Rapid Transit.
They drove that stock down an extreme
Us to 10Sls and effectually broke the mar
ket successfully overriding all efforts to
suffered most severely and the reaction in
the RAILROADS reached Il point in only a
Few cases. A few of the railroad stocks
which had shown early strength succeed
ed IN retaining net gains. In the list of
andustrials, outside of the Tobacco stocks.
not single stock OF Importance retained
any net gain. American Steel and Wire
was under pressure early in the day on
account of disappointment over a pub
aished statemSnt purporting to give the
the company. but the stock had recovered
al but ss OF the early loss when 1t was
attacked again, and fell with Brooklyn
Transit to the low point OF the day. So
below last night. All the iron and steel
stocks were affected in sympathy. and
and closed at last nights price after
having been pa above In the morning
feopie.s Gas also showed keen sympathy
With Brooklyn Transit and lost an cx-
creme 2ss- Sugar was Il sufferer and WAS
knocked down 3,a points.
The volume of sales at the low point
was small except for Brooklyn Transit
and Steel and Wire and there was Il
quick and violent rally in Sugar, Peoples
cover by the shorts. Brooklyn Transits
met loss is AS and Steel and Wire points
Manhattan was very weak in sympathy
with Brooklyn Trans, in the early deal
ings. but y had realized quite strongly
and loses Il. net The most conspicuous
can Tobacco The stock reacted Il, be
Tore the late raid on Brooklyn Transit.
but moved up strongly in the very face
OF the bear raid 10 near the top figures.
The days takinGs OF the stock were on
an ENORMOUS scale. and It's net gain is 6
were strong in sympathy. There WAS
notable upward movement in the Iowa
Central stocks on talk of heavy earn
dngs They show net gains OF l and "a.
respectively. Colorado Midland preferred
rs up , nearly a point; There was = period
preferred and South and Central Pacific
but their gains were almost wiped out in
the late decline. The bo.dness of the
the market refused To go up yesterday
on the much improved cond lions OF the
local money market nothing. else IS in
SiSht likely TO give an upward movement
to the prices. The recent activity of
various pools which have taken on heavy
lines OF various stocks in spite Of the
general apathy OF the market also make
The market vulnerable 10 determined at
a jump in the Berlin discount to-day
OF II per cent. and the hardening ten
dency of London disc cunts had Il de-
the Paris pourse. but the course OF vents
IN France arouses anxiety nj. over the
financial world Call money worked
easier in Now York, but there is sun a
belief that the money thus placed w II he
needed scon In ether channels. The
creation OF large short interest Of
course. has strengthened the technical
condition of the stock market
There was heavy realizing in Kansas
and Texas seconds Kansas C:ty litts-
burg and Gulf frsts. after giraffe varia-
tons closed . per cent. higher. Pr.cc
changes generally were small and irrc.su-
lar. Total sales. par value, S2,S0i0aJ.
government bonds were UNCHANGED The
total sales of stocks were Gl2. 100 shares
L7t0i72