Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-04-26
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks. Money, Exchange, Bonds, Grain,
Cotton, Provisions, Etc.

New York. April 25.-The stock mar
ket was in large part confined to Sugar
to-day, the feverish and violent fluctua-
lions in which kept affairs SO unsettled
that the operators hestated to make
ventures and the volume of dealings
fell to small proportions. There was no
actual news development 10 account for
sugars erratic course, though the
board room was flooded with rumors
all day Of q settlement of the trade
war. absorption of rival refineries etc.
1t was pretty evident that these were
set ahoat by the manpulators for u
rise which was directed against the
short interests reputcd to be largely
concentrated in Boston. The stock sold
as low as los in the morning on sup
posed indications of fresh vgor in the
trade war. and i'll the afternoon 1t got
up to 115A. 1t closed at IL net gain of
zHs. The general market sold off after
the opening i'll sympathy with the break
IN Sugar, which effectually dominated
the tone of the market all day. When
sugar rebounded the room traders all
turned TO the bull side and kept prices
up ON Il small volume OF dealings. There
were movements in special stock de-
signed TO help Oh an advance. notably
III Missouri Pacific Pennsylvania Wa
bash preferred and the Changers, but
IL was noticeable that the buying de-
mand showed marked falling off on
any advance. Buying orders came in on
the early decline but later OIL the mar
ket continued duh. The apathy of the
demand caused realizing by the room
traders and late reaction which wiped
out many of the gains. The closing was
easy and the net results for the day
were much mixed. The Introduction in
TO congress OF II resolution for IL COM
mittee to investigate the Steel and
wire episode and the New York stock
exchange may have had some influence
in the late reaction. The announcements
or small engagement of gold for OK
port to Europe had very little influence.
The gold which amounted to $500 GOO is
pelleVed 10 be destined for Paris. Sterl-
Ing exchange was distinctly easier the
rate for demand bills falling &C This
leaves the question of further gold eX-
ports more doubtful again. The lack of
n fast steamer this week is offered by
some bankers rs reason for refrain
ing from shipping gold during that pc
Rod. Discounts in London were slight
ly easier to-day but money in New
York also showed further relaxation
loans for sixty to nnety days being
quoted at per cent and four to six
months at 3la per cent. on mixed col
lateral. The gain by the banks from the
sub-treasury since last Friday already
amounts to over $4,000, 900; hut the sub
treasury's debit balance at the Clearing
House fell to-day below a million dol
lars for the first time in several weeks,
except on some special operations. The
disbursements on account of Govern
ment bond premiums from the sub
treasury are in fact declining and this
source OF repenishment to the money
market is likely to be closed soon. A
sharp fall in New York exchange at
Chicago was also an incident of the
day.
The bond market was rather dull and
irregular. Total sales par value 1885,
600.
u. s. 5's declined 4 in the bid price.
Total stock sales to-day were $780,
ZOO shares.
New York, April 25.-Standard Oil
53SQ543.