Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-04-04
REVIEW OF MARKETS.
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange, Bonds, Grain,
Cotton, Provisions, Etc,

New York, April 3.-The two most
( potent factors in to-day'S stock market
/: We're Federal Steel and the Baltimore
and Ohio stocks. The pressure to lqui-
= dalton the former had a decidedly I'M
settling influence on the whole market
an the morning, and the strength of the
latter stock served to stiffen prices dur
S1nE the afternoon, and to retrieve to 4
large extent the early decline. The
4 opening in Federal Steel was wide and
{ the price was soon carried down TO 49,
u drop of AS from Yesterdays close. 1t
rallied Q points, but went off again in
} the last fifteen minutes of the market
to the lowest, developing renewed signs
q of weakness in the rest of the list. The
( selling OF the stock was due to the
practical admission that the failure to
amend the charter yesterday at the an
+ nual meeting was equivalent to the
q abaE donment of further dividend dis
+ tributlons this year, owing to legal OBJ
Slacles. The strength III Baltimore and
Ohio developed after the Executive
Ccmmittee had convened. it was gen.
orally understood that this meeting
would consider the granting of addi-
fioEal rights TO stockholders, and new
rumors were rife. The common stock
touched $50 and the preferred 50, and
both reacted nearly 2 points on profit
taking, helping to the easier tone in the
close.
London was a free seller in the early
dealings. and helped TO the opening re-
action While there were no very large
offerings brought out at the decline.
the demand for stocks was decidedly
less urgent than in the recent market.
and when the dullness and tirmness
prompted To an advance large offer
1nES to realize were brought out when
prices got back to last nights level
The market gave evidence of the pres
sure of large speculative holdings to
realize, but holders evidently felt them
selves strong enough 10 withhold their
offerings at any considerable conces-
sion. Outside Il few stocks. to-day's
movement i'll PRICES was narrow. There
was considerable strength in the
Changers. under the leadership of ST
Paul. based OH Il very heavy grain
movement now going over the Western
lines.
The trunk lines were firm on the
large Eastbound shipments, besides the
sympathetic effect OF the movement OF
the Baltimo"c and Ohio stocks
The rally from the low point reach
ed point in n number Of prominent
railways, but the final casing off left
most of the days net changes small
and mixed between gains and losses.
Sugar was actively dealt in. but after
an early decline of over u point. mount
ed upward 4 points on the reported cas-
ing in the price of raw sugars. The
price eased off in the late decline
bringing the net advance down to IL.
The money market worked somewhat
easier to-day as the influence of the
April disbursements Is beginning to be
felt. There is no further apprehension
in stock market circles on money mar
ltet considerations.
The bond market continued quite ac-
tive, and changes in prices were mixed
Total sales, par value. Si,75000O.
United States 3's coupon. new As and
5's declined Il In the bid price.
The total sales of stocks to-day were
f29S00 shares.
New York, April s.-standard Oil,
5.40@5.42