Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-08-24
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange. Bonds. Grain,
Cotton, Provisions, Etc.

New York. Aug 23.-Affairs in tho stock
market took Oh a cheerful appearance
from the opening to-day and there was
no material setback in the advance in
prices from start to finish, though the
dealings were decidedly Irregular at times
during the day. 1t became manifest at
the opening that the inside interests IN
Brooklyn Transit were prepared TO oiror
very determined resistance TO any iurther
decline in that stock. when thcF nave
not boon doing for come tlmc past 10
,iav the price WAS never more than IA
above last nights Lowell. ana was eA-
tTemely feverish all day WITHIN rhIse
of about points Fut pressure against
tho stock was relaxed when the deter
mined nature OF the support became cVi-
dent There was some disposition to cover
short contracts in othcr stocks whtch
have shown sympathetic weakness with
Brooklyn Transit. =.
The cessation of tho bear campaign LETT
the WAY open for an upopposed advance,
and there was large element inclined TO
buy stocks.
the most conspicuous movement of the
day. a delugc OF offerings was cncoun-
tered at about every point up; w wh zen
absorption OF thCse the upward movement
was resumed. The extreme rise was over
points. Continental Tobacco stocks rose
and over points. respectively. In sym
patty. Sugar showed momentsry weak
ness at the opening hut was increasingly
21s on the day. There were heavy taking $
OF the Leather stocks, which gained Ia
and l3s. respectively.
In the railroad list business was eN-
ceedlngly we'll distributed and large
number of stocks show gains between
and points The most notable feature
OF tho trading in this department WAS the
tendency to turn to the middle and lower
priced stocks. while the high priced and
established dividend paying stocks We're
almost universally left Quicscent. In fact,
not a few of this grade shows material
losses. Tho low return at present DIVIDEND
rates made by the high grade railroad
stocks and the prospects of coming diNi-
bends or increased dividends in lower
grade issues, owing to the continued in
crease in railroad earnings were The mo-
tives OF this development i'll speculation.
Common stocks OF recognized companies
having preferred stocks ahead of them.
whose dividend cn!nlss are provided with
an accommodating surplus of earnings be-
yond were the faVorttes. Some OF the
Southern and Southwestern stocks which
have had recent large advances were held
back by realizing. With the exceptions
noted strength was well distributed
through the different railroad groups.
Net gains OF . points or upward are
shown by Baltimore and ono Eric first
preferred Hooking Valley. Northern
Pacific, For, Worth and Rio Grande, Chi
cago and Eastern Illinois and st. Iaul
and Duluth rose an extreme points. y
Elected from foreign stock markcts to-day.
and London was IL buyer on balance in
this market.
The bond market was active and strong
md dealings were fairly well uistr hutcd
amongst the speculative bonds. Total
SALES par value. SSco7No.
United States 3's declined &c in tho bid
price. Total sales OF stocks toe dag we're
New York. Aug. 2s.-standard Oh, 4c2G
<.64