Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-04-10
REVIEW OF MARKETS.
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange, Bonds, Grain,
Gotten, Provisions. Etc.

New York, April 9-The stock market
made the unexpected response to Sat-
urday's unfavorable bank statement by
q general drawing In of speculative
ventures. The selling pressure was not
particularly severe in the general mar
ket, but with the curtailment Of the
buying demand, consequent upon the
disappointment over the bank showing,
the burden Of offerings was sufficient
to bear down prices to q lower level.
The higher range of prices in London
and an opening here above Saturdays
level in sympathy did not have the
hoped for effect Of dissuading sellers.
On the contrary, the| higher prices
seemed to invite profit-taking, and the
opening gains were not long main
tanned. The acute depression mani
Tested by sugar had an additional in
fuence in depressing the market. This
mercurial Industrial gave evidence
during the latter part OF the day Of
being over-sold. and, after having
fallen nearly eight points, recovered
more than half OF the decline. Tho
room traders, who had sold the list on
the strength of the weakness in sugar.
were driven to cover by this rally and
the aggressive strength developed at
few other points. AS consequence
the closing was active and firm at n
level considerably above the low point
Tor the majority of stocks The weak
ness of sugar in the morning caused
signs of lively sympathy at other points
in the Industrial list. Peoples gas, the
tobacco stocks and a number of the
iron and steel stocks fell away easily
from one to three points. The strength
manifested by the New York fractions
served as an offset to this. the railroad
list maintaining q condition resembling
suspended animation. Large inroads
upon the Pacific stocks, Pennsylvania
and the Changers turned the tide to-
ward depression until aggressive
strength developed in Missouri Pacific.
This stock moved up to 541s in the late
transactions on heavy buying, and
Brooklyn Rapid Transit rose buoyantly
to 79h, with a stimulating effect on the
general list. Very heavy selling orders
We're attributed to Chicago account.
and sharp fall in New York exchange
at Chicago to 35 cents discount may
have been due to this cause The
movement in tho specfalties was due
to individual causes. The street was
full of rumors all day regarding sugar
and having to do with the rise in price
In raw sugars. Brooklyn Rapid Tran
BIT was manipulated by n pool with n
preliminary tip for an advance.
London showed disposition to buy
STOCKS here In spite of the stiffness of
the London money market on the TAX
Ing up OF another installment of the
war loan. but last weeks large in.
crease in loans here is generally at
tributed to large borrowing for London
account to carry stocks here. Although
the stock market weakened on the
banks showing, the money market
failed to show any effect of the de-
crease in resources of the banks.
Business in bonds was of moderate
volume and prices were well held
Total sales. par value, s2,455000.
United States old As and IS declined
Il in the bid price.
The total sales OF stocks to-day were
764500 shares.
New York, April 9.-standard OIL.
5,45@55o.