Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-05-16
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange, Bonds, Grain,
Cotton, Provisions, Etc.

New York, May 15.--Opening quota
tions in the stock market were Il vigor-
Gus notice served on all parties that
ample capital was forthcoming 10 take
up all offerings which timd holders of
the so-callcd Flower stocks chose TO Of
fer. and also TO the bears that power
full weapons were on hand to resist any
onslaught by them. The different mems
bers OF the Flower group We're opened
1p to points above Saturdays close,
the favorites of the late financial deal
or, Brooklyn Rapid Transit and Peo-
PIES Gas, leading the rise. New York
Air Brake, in it's usual volatile manner,
made an exceptional rise of II points in
the first few minutes. These aGSres-
Sivc tactics served to disSipGte any un-
easincss in the speculative mind re-
manning after the violent fluctuations
i'll Saturdays market. Early quota
tons from LONDON also made IL Owl
dent that there were large reserves of
capital prepared TO take advantage OF
any further sympathetic declines in the
general list OF securities. The buying
there before the opening here was not
only for New York account. presume
bly, with the purpose of supporting
values, but also OH orders from scot
land. Germany ana Holland. as we'll as
local English demand. The high
opening here, especially i'll the Flower
stocks, invited a considerable volume
of offerings, hut they We're absorbed
without the slightest hesitation, and
in a short time they materially de-
creased. The pressure Of liquidation
being relieved, the vigor OF tire efforts
at the support was somewhat relaxed,
prices having failed to break. the bar
gain hunters were deferred from buy
ing ana the market fell into quiet
state.
y brisk upward movement in Sugar
to l5iSs ana a lively demand for the
Pacifcs ana the Changers caused II
general stffcn!ng again throughout the
list but the GmnllnesS Of the trans
actions discouraged n continuance Of
the bull speculation and the market
fell back into comparative inactivity.
The Increment of prices became de-
cdcdly Irregular many of the more
obscure specialties iluctuatinE quite
widely but in contrary dircctions This
was notably the case among the Iron
and Steel stocks, Tennessee coal. col
orado Fuel ana National steel. pre-.
ferYcd being notably weak American
Smelling ana the Goa lers We're also
consistently weak. This tendency anu
Che apparent withdrawal of supporting
orders invited n raid hy the bears late
in the day.particularlN directed against
Metropolitan street Railway which was
raded down three points The Gran
gers and Paciiics also suffered in the
decline. except in Central and South
ern Pacific. which were consistently
strong. Metropolitan Railway rallied
Very strongly nine points. the local
traction shares responding in sympa
my the bears covered. making the
closing firm. The conspicuous changes
were in the Flower stocks. which all
closed hiGher. though below the best
OF the day. Otherwise changes In the
prominent stocks were not large. Net
gains nredominAted.
In the bond market there were some
very hea,y taklngs Of Baltimore ana
ohio As when issued. Dealings else
where were moderate and changes ir-
regular. Total sales. par value Sl.1S0. =
600 U. S. Us advanced Z In the bld
The total sales OF stocks to-day were
500 500 shares.
s Msw y York, May 10 standard oil.