Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-05-18
REVIEW OF MARKETS
FINANCIAL And COMMERCIAL
Stocks, Nonsy, Exchange, Bonds. Grain,
a Cotton, Provisions, Etc.

New York, May 1.-THE demand for
railroad stocks which has given strength
TO the market for number of days
past has been satisfied, and prices fell
back today, lii That dep3rit T.. et, Oh I'M, .ne
stock list. This Is accepted III wall street
rs confirmation OF the view that the de-
mand came from an outstanding short in
forest in the West, and was not based
on any underlying condition in the com
panics whose stocks were affected or III
business at large. The stock market
showed itself as indifferent today to one
or two unfavorable factors which de-
veloped it did yesterday to any de-
pressing influence. The outside public re-
mains profoundly Indifferent TO the stock
market and commission house business
has fallen to practically nothing. st.
Pauls statement of earnings for the sec
ond week in May, showing 4 small in
grease over last year. was IL distinctly
Sayorable factor as 1t was calculated to
offset the apprehension caused by last
weeks return of Il decrease for the first
time since the midsummer of 1895. Last
weeks decrease was looked upon in Wall
street as sort of turning point in the
railroad situation, and declining scale
ot earnings was expected. especially as
the weeks reports of the movement of
grain and of the West-bound merchandise
moyement have been dlscouraginy. To-
days report, showing the largest earn
ntgs for st. Paul OF any corresponding
week In its history was u relief but the
resulting strength in the stock was not
maintained: Rumors OF the same kind
as as those which served the purpose of the
oNi!S Nestcfuay continued To circulate
such as the Union Pacific or Pcnnsyl-
vania Was to secure control Of Burling-
ton, or Atchison preferred was TO receive
lis full dividend. or new millionaire inter-
cStS were To be represented in Missouri
Pacific. but all of these stories wore heard
with languid interest. and prices con
tinued to droop. In the Industrial list
the losses in prices were not such a mas
siVe matter. American Tobacco was
under severe pressure all day on account
Oh circumStantial assertions of the organ
Ration of formidable competition. rho
STOCK lost over G noints, closing at tho
io"est. sugar suffered from reports that
inc trade war was 10 assume II more
acute stage. PEOPLES Gas continued under
pressure by the professional element
amongst the traders. An advance in the
price OF copper was responsible for the
sharp rise in Anaconda, and had some
sentimental effects on the stocks of othnr
metal companies. The stocks in that
Eroup were dun and the movement very
uncertain. the news concerning the iroi,
Lrauc continuing generally unflvornble
botn the Bank of England and the Rank
VI france made strong weekly returns
1nu me money conditions in London and
faIls showed relief accordingly The proh
aeoin,y OF further gold exports from here
Is mus diminished. The local money mar
ket continues very easy, and IL is cvij"nt
,hpt the gold exports have been Offset
by gains from other sources.
Iho bond morket was decidedly dun
put showed some advances. Total saios
par value. Sl.64S.o00 'S'
United states bonds were UNCHANGED Il,
DID quotations III
Today's total stock soloe ,.o.o ,o- ,,o
shares e were qJh4oo
s,Niew York. May 17-standard Oil 5so1,