Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-05-04
REVIEW OF MARKETS
FINANCIAL And COMMERCIAL
Stocks, Honey, Exchange, Bonds. Grain,
Cotton, Provisions, Etc.


lie continues to hold aloof from any
share in business on the Stock Ex-
change, and the movement OF prices re-
Meets only the operation of the small
room traders. These professional oper-
ators. for the most part. close up their
contracts before the day has expired,
thus rectifying to a large extent the
price movement which has resulted
from the original contract Other OPP
orators of this class are in the habit
OF carrying their contracts over one
day. The result of these operations,
which are known in Stock Exchange
parlance as trading jack Knives" is
q see-saw market, prices moving one
way one day and contrary on the next
Gay, as the sales or purchases of the one
day are covered by the contrary opera
lions on the next. All sorts of rumors
and even vague surmises ore the whole
reliance in such market to affect the
movement of prices. Slight gains are
the rule to-day. principally because
losses were the rule yesterday.
Stocks. which from special causes,
showed strength yesterday showed
weakness to-day. Sugar moved mostly
below yesterdays level, and was the
leader of the market The steel stocks
were inclined to harden after yester-
assisted by reports OF the re-opening
of some of the Steel and Wire Com
pany's mills. The coalers were aided by
the bears on the resolution of the an
thracite operators to support the pro-
posed new coal road. The statements
of weekly earnings by st. Paul and
Hooking Valley, and the settlement of
the New York Centrals threatened
trouble with laborers, encouraged the
traders to take the bull side.
The failure Of predicted action to-day
ON the dividend of the Missouri Pciflc
directors caused sharp break from
the early strength in that stock. The
local fractions recovered from yester-
days weakness. The extreme move
ment in either direction were not MAIN
tanned, and the closing was dull and ir-
regular at small changes after the
market had sunk near to stagnation
many times during the session.
The money market was easy, al
though the prospect Is for weak bank
return on Saturday. The gold exports
will be taken from the reserve showing
of the banks and the gain for those in
stitutions from the Sub-Treasury has
sunk to unlmportant proportions.
To-day's statement OF operations, in
fact, showed gain by the Sub-Treas-
ury at the expense of the banks of ST.
$4,000. but this was due to the deposit
NY tic OdIhS. WI GApOi lCu 6Oid to-
day of the 100000 in payment of the
gold bars which were taken from the
Assay Office, SO that the gold export
figures include the loss of the banks
shown In this item. The movement Of
currency to New York from the interior
continues. This will partly offset the
export Of gold, but as the gold sent
abroad goes as n loan to foreign bor-
rowers. the loan Item of the banks will
show q correspondine increase and will
expand the reserve requirements in pro-
portion.
There was more doing, comparatively
in bonds than In stocks, and prices
were weak. Total sales. par value, ST.
5250O0.
U. 8. refunding 2s, when issued, old
and new As and 5's advanced II In the
bid price.
To-days total stock sales were $685.
100 shares.
@545.