The times. [volume] (Richmond, Va.) 1890-1903, 1899-05-24
A DULL DAY IN
STOCK MARKET.
Prices Drifted AimlessIy, with Losses
Predomnaiing.
DEALINGS WERE PROFESSIONAL,
And Net Changes Few Reported
Weakness i'm Wheat Leads to "A
Broak IN Changers - Good De
mand FOR Some II. IL. Bonds.

NEW YORK May 23-Negloct Of tho
StoeA LNDnansc uy the OUTSIDE pubic
continued 90 be the marked feature OF
the trading. ana. CAS- is usual in narrow
market, prices duftcd uueasiy up and
ueNn, Following the errauc movements
or special stocks. Dealings We're evidently
almost wholly confined 10 tho professional
element. who seek profits on "a days turn
ia prices. AS this class of traders watch
pretty closely for what other people are
doing and proceed TO do likewise the net
elect in q days business. or taking one
Gay with another ls not large.
Yesterday late upward movement was
followed by realizing this morning. and
Hlcr 10y "a sharp advance. which was prac-
ucaily wiped out before the close. Sugar
YVES tho centre OF interest in the market,
ana rcuoundcd quite strongly from The
early pressure together with The affiliated
glucose stocks. But realizing took off all
the carly gain and left 10 al the last five
points below tho highest and near the
low Tont Of the day. The early rise in
Sugar was accompanied 10y "a strong r0lly
IN the New York municipal stocks. Com
sohdatcd Gas. Manhattan. Brooklyn
Transit and Metropolitan rising from
20 4 points.
This concurrent movement I'm the lead
ing spcclaIIcs gave quite an appearance
or strength to the market for a. time. and
railroad stocks gained m the upward
movement.
Weakness I'm wheat. and especially the
reported selling from the Southwest,
helped this movement but the persistent
reports of insect damage and news nom
abroad that American wheat WAS urac.
tcaUy unstable az present prices helped
20 The late break iu the grangors and
soutaWcstcrns There was a growth ot
uncasircss also over the persistent hare
dcnlng tendency OF foreign exchange. Tho
actual rate for demand sterling touched
t3S7A to-day. which is near the Gold-cX-
port point. The continuing ease in money
suggests that tho method employed 90
finance the Philippines payment 10 Spain
has forced sometime of q redundancy n
the local money market resulting in the
rather artificial stiffness OF exchange
rates. Exchange on Berlin also hardened
s. fraction to-day although that money
cantrc was reported o. be- buying Ameri-
can stocks from London The newly
hoated industrial stocks continued rather
conspicuOusIv weak. Anaconda broke
points. and I'm the outside market ANAL
eamated copper the payment oi suhscIlp-
fel 20 rar. which ls the SUBSCRIPTION
price The closing of the exchange WAS
easy ln tone. though rather tnL ana
showed net loss n an but few cases.
the reOrFa uizotion 3 uer cent. railroad
bonds. the Union Pacific ana Northern
Pacific AS touching record prices Total
sales. per value. S37f4.Olo. United States
Government bonds unchanged
The total sales of stocks were fi1.ioo
shares. including 1000 Atchlson pre-
ferred: ll72. hWlinsio 100 M93nna.-
tan. Dab Metropolitan Street railway,
b110 Missouri Pacific. G1jO Northern la-
Cfc. 500 ST. Paul, GOan American Steel
and Wire. 1850 Federal STEEL 5000
PWeop'es Cas- 53475 Brooklyn Transit;
$3.50 Sugar.
MONEY AND FNCHANGE.-Nonev on
cali steady at $685. per cont; last loan
at per cent, prime mercantile paper
Gi.UIl per cont. sterling exchange firm,
with actual business in bankers bills no
81 81 49, 81 Tor demand and at SAS5ieH
a. SOY FOR sixty days. posted rates. iNdl2
aud ST. $50. commercial bills. 50 Ni4is 1l2
silver certificates COZ. bar silver. dllt.
Novfrau dollars 4Sfe. Government bonds
steady. state bonds Inactive railway