The times. [volume] (Richmond, Va.) 1890-1903, 1900-05-15
STOCK MARKET
VERY IRREGULAR
wide Inroads Made in Some of In
dustrials and specialties.
PROFESSIONALS WERE BEaRIsH.
There Was Sharp Break in Steel
Stocks at a Late Hour III the Day
! Affecting the General List.
The Close Weak.
PROFESSIONALS WERE BEARISH.

NEW YORK, May 14.-The price move
tynent in the stock market was extremely
srreguiar and uncertain all day. The last
f@,rlces OF the majority OF stocks were
wagner than at Saturdays close, but the
iSest prices of the day were not main
iained. and there were wide inroads made
IN some OF the iDdustrials and spccialties.
I Inc Professionalism were inclined to
sake a very bearisn view, and came down
10 e the street prepared to sell the whole
rsist. They were not deferred by the evil
fSiences of strength in the London mar
saket w4lich-were du TO the progress of
iSeneral Roberts campaign and to the
tEaSier money conditions.
@h nile selling the general list the traders
ss sl; nerce raids upon the spsciaiues
3ugar, METROPOLITAN, Peoples Gas, and
sstSrooklSIl Transit were all subjected to at
I5ack, and yielded from / to over ) points
- la bears found, however, that the heavy
offerings TO liquidate, which were a fea-
asorthco,ning, and they also found them
serves in numerous company anxious
zsay bidding against each other this COM
asany effected Il material rally in prices
ssihen they paused in some discourage
1nept and confusion. Some rather posi-
tSive evidences OF strength art different
i9oirts added TO their difficulties There
was large buying of Burlington all day
sat an extreme advance of over 2 points
on renewed rumors that a plan had been
perfected TO refund the consoI bonds of
i9V5 The movement helped the whole
granger group. The efforts to bid up Mis-
souri Pacific were resumed with some
Euccess, and the Pacitics generally
showed some good recoveries.
The borrowing demand in the stock loan
department of the Stock Exchange irdi-
rated that the short interest had become
somewhat 'unwieldly, and the market be-
came dull The demand to cover from
THAT element is the cause of the most
part of the days show OF strength. New
York Central advanced a. point. but the
southern group of trunk lines which have
been, Influenced by the Pennsylvania COM
pany's extensive operations for control
ss%sre generally heavy, Baltimore and
argued that since, the stock is allowed TO
decline the syndicate which underworld
the new stock issue at 50 has probably
realized on its holding.
In the late dealings, while the market
vas hanging In an unsteady condition at
the high level, the steel industriais sud
fteniy gave way all around, Federal Steel
land Steel and Wire losing points and
Tennessee Coal about 2l2. Other members
jcf the group show smaller declines. The
fpf this break, and the. closing was ac-
Effre and weak, with the gains largely re-
Fuced. Fears are felt that the easier
money conditions abroad are only tenn
tpofary, and a. disposition is manifest to
tcurtail speculation until they become
fsnore settled.
Bond market but the tone was irregular.
,srotal sales, Sl,1S0.oGu. United States IS
Registered and new As declined Il in the
To-day's total stock sales were 5o4. 100
'shares.
MONEY @aND ExCHANGE-Monev on
call steady at 2G214 per cent: last loan
at per cent; prime mercantile paper,
sS24941a per cent Sterling exchange ir-
bis at is ass Tor demand ana and at
IA Ssa;@4 S41s for sixty days; posted rates,
Ss.s5tb and. 81 s914. S914; commercial bills.
4.s4lIa s412- Silver certificates. 6o960l2;
silver bars, CO; Mexican dollars. Az.
Government bonds weak; State bonds
Irregular. /