The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-05-16
Ei,Ia mctaI.
Il -------'.---'---------
The stock Market.

| New York, May 15.--Opening quota
tions in the stock market were Wig
orous notice served on all parties that
ample capital was forthcoming to take
UP all offerings which timid holders of
| the so-called Flower stocks chose t.
offer, and also to the bears that power
| full weapons were in hand to resist an
onslaught by them. The different mem
bers of the Flower group We're opened
UP to points above Saturdays close,
the favorites of the late financial leader,
Brooklyn Rapid Transit, and Peoples
Gas leading the rise New York Air
Brake in its volatile manner, made an
exceptional rise of II points in the first
few minutes. Those aggressive tactics
served to disspate any uneasiness in
the speculative mind remaining after
the violent fluctuations in Saturday S
market. Early quotations from London
also made it evident that there were
large reserves of capital prepared to
take advantage of any further sympa-
thetic declines in the general list of Sc
curities. The buying there before the
opening here was not only for New York
account presumably with the purpose
OF supporting values, but also on orders
from Scotland, Germany and Holland
as well as local English demand. The
high opening here, especially in the
Flower stocks, invited a considerable
volume of offerings but they were abb
sorbed without the slightest hesitation
and in a short time they materially de-
creased. The pressure Of liquidation be-
ing relieved, the vigor Of the efforts at
support was somewhat relaxed. Prices
having failed to break, the bargain
hunters were deferred from buying and
the market fell into quiet state. A
brisk upward movement in Sugar to
154 SIS and a lively demand for the Paci-
fics and the grangers caused general
stiffening again through the list. But
the smallness of the transactions dis
couraged a continuance of the bull
speculation and the market fell back
into comparative inactivity The move
ment of prices became decidedly irregu-
lar, some of the more obscure specialties
fluctuating quite widely but in contrary
directions. This was notably the case
among the iron and steel stocks; Ten
nessee Coal, Colorado Fuel and National
Steel preferred being notably weak.
This tendency and the apparent with
drawal of supporting orders invited
raid by the bears late in the day, direct
ed particularly against Metropolitan
Street Railway, which was raided down
points. The grangers and Pacifics also
suffered in the decline except Central
and Southern Pacific, which were con-
sistently strong. Metropolitan Street
Railway rallied very strongly nine
points, the local traction shares respond
ing in sympathy. The bear traders COW
cred, making the closing firm. The con-
spicuous changes were in the Flower
stocks, which all closed higher though
below the best of. the. day. Net gains
predominated
In the bond market there were some
very heavy takings of Baltimore and
Ohio tours when issued. Dealings else
where were moderate and changes ir-
Total sales par value, $4,150,-
00C.
United States threes advanced is in
the bid price.
AEU kDRK STOCK MdEHEr.