Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-06-16
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange Bonds, Grain,
Cotton, Provisions, Etc.

New York, June 15.--The public con-
tinued to hold aloof from the stock
market and to-days dealings were al
most wholly professional. There was
the resemblance of strength at one
time. due to sympathy with the activ-
tty in Il small group OF specialt!es
which were bought by large interests
more or less identified with them.
Prices of the group were advanced, and
the traders bought the general list,
causing small advances all around. But
the rise failed absolutely to invite any
outside buying, and the supporting tao
tics were abandoned during the course
OF the day. The listless condition that
ensued was such as to invite bear ag-
gression. But the boar party appa-
rently suffered from the seasonable las
Sftude as much as the general public
and their operations were not pursued
with any vigor or determination. How
ever the gains at one time established
were practically all wiped out before
the close. and net losses are the rule,
most of them being restricted to frac-
tions. Sugar ruled above yesterdays
level, rising at one time nearly four
points. but closing with a net gain of
only 12sc. The Federal Steel stocks,
Brooklyn Transit. Peoples Gas. Man
haitian and Consolidated Gas also en-
5oyed their period of strength.
There was an early break in the
Denver and Rio Grande stocks and Col
orado Fuel weakened in the day on ac-
count of troubles over the new eight
hour law in Colorado. American Smelt-'
Ing stiffened points on a few isolated
transactions. the officials of the COM
pany protesting to feel no unea sness
over the strike and alleging that it
came at good time. American Car
showed losses of and 2 points re-
spectively for the common and pre-
ferred stocks, and Pittsburg, C. c. and
ST Louis moved in an erratic manner
points over yesterdays level. The
belief that the outward gold movement
Is not yet concluded added to the dis
inclination to buy stocks.
The preliminary trade statement of
the Treasury Department for May dis
closes that the total exports for the
fiscal year for the first time fell below
those of last year at the end of May
10 the extent Of something over So
100000. But the exports in June OF
last year showed heavy decrease from
those of May so that the June exports
Tor this year. which are running much
nearer to last years level. may bring
the total exports for the fiscal year
up TO last years unprecedented figures.
The continued high level OF imports
compared with those of last year will
cause marked diminution in the
country's favorable trade balance for
the fiscal year. But 1t is now evident
On enat the trade balance will be between
100000 and 10000 900. over half n bill
lion dollars, which is far above the re-
cord or any previous year except 1895
wan street Is still puzzled to decide
whether this enormous credit balance
has been all liquldated by the buying
OF our own securities from foreign
holders and the mystery surrounding
the gold movements has added to the
puzzle.
Railroad bonds continued to show
sympathy with the heavy tendency in
stocks. declines being shown on the
days business. Total sales par value
s2,697000.
U. s. old As coupon advanced &c. in
the bid price.
The total sales of stocks to-day were
$4,000 shares
New York, June l5.-s.andard Oil,