Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-06-17
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange. Bonds, Grain,
Cotton, Provisions, Etc.

New York, juno 16.-There was
small number of stocks whose prices
were marked up at the opening to-day,
and for which a buying demand exist
ed at intervals during the whole day.
The Coalers were conspicuous, espe-
ciaily the Reading issues, and they rose
on an average of about he points. The
Flower group also moved upwards and
gave some semblance vi strength to
the general market. Aside from this
demand, the market was almost wholly
neglected and in the hands of n small
Coterie OF professional traders. The ut
most endeavors of these operators did
not serve to move prices more than a
small fraction except in few isolated
cases.
The advance in the Coalers was pref
ty we'll held. 1t was attributed to the
return from Europe of prominent
francer who has figured in many rail-
road reorganiza tons and TO the closing
OF options on Lehigh Valley by sympa-
thetic control Some Of these railroads
displayed rather firm tone in SYM
pathy with Reading, but the movement
OF prices in them was inconsequential.
The advance in the Flower stocks
was not so well held. and in some OF
them was more than lost before the
day was over. Sugar moved up and
down over a range of about points
and closed with small net loss. New
York Air Brake made a characteristic
sky-rocket jump of sixteen points. Col
orado Southern first preferred dropped
"a, presumably on account of the labor
troubles in the State, Metropolitan
ranged over four points, but closed at
small change.
There was nothing in the general sit
uation that found any reflection in the
stock trading. The undertone was
rather firm in the road list partly in
sympathy with the strength of individ-
ual stocks already mentioned. The an
nouncement of an additional shipment
by to-morrow's steamer of S10OOO0 in
gold was without influence in the trad
ing, unless 1t might have been factor
IN discouraging activity. An influence
In the same direction was the eXpecta-
tion of an unfavorablc bank statement
Tomorrow. Last Saturdays shipments
as Well as those made early in the week
Will all figure in to-morrow's state
ment, but not to-day's engagements
Inc banks are said 10 have lost cash
IN other ways during the week. and
large decline in that is expected in to-
morrow's statement. The item of loans
cannot be forecasted. but there were
reports of calling of some loans yes
terday, suggesting that there NAV be n
contraction of credits reflected bv TO-
morrows returns. The money market
continued rather firm to-day. while
rates IN London showed further de-
cilne under the equalizing influence of
the gold shipments. An incident of the
Gay was the firmer tone in the silver
market In London, said to be due to
buying for Indian account and to the
erect OF the Colorado smelters' strike.
Heading i's were the feature of the
pond market, with an advance of 1 per
cent on large buying. Elsewhere in
me m nst there were points of weakness.
Total sales. s2.1S000O.
United states 2's and the old As cou
pom declined u. and the SIS advanced
a in the bid price
me total sales of stocks were 329. 500
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