Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-05-15
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange, Bonds. Grain.
Cotton, Provisions. Etc.

New York. May 1.-THE price move
ment in tile stock market was eX-
tremely irregular and uncertain all day.
The last prices OF the majority Of stocks
were higher than at Saturdays close.
but the best prices OF the day were not
maintained. and there were wide in
roads made in some OF the induStrialS
and specalties. The professional trad
ere We're inclined TO take u very bearish
view and came down to the Street this
morning prepared 10 sell the whole list.
They were not deferred by the evil
dences of strength in the London mar
ket. which were due to the progress Of
General Roberts campaign and TO the
easier money conditions.
While selling the general list the
traders made fierce raids uDon the
epecialties. Sugar. Metropolitan, Peo-
pies Gas and Brooklyn Transit were
oil subjected TO attack and yielded
from to over points. The bears
found. however. that the heavy offer
ings to llquidate, which We're Il feature
of last weeks market, We're not forth
coming, and they also found themselves
in numerous company anxious to
secure stocks to cover short contracts
BY bidding against each other this
company effected material rally in
prices. Then they paused in some dis
enlargement and confusion. Some
rather positive evidences of strength at
different points added to their diff
culties.
There was large buying of burlington
all day at an extreme advance of over
points on renewed rumors that plan
had been perfected to refund the cousol
bonds of 1908. The movement helped
the whole Granger group. The efforts
to bid up Missouri Pacific were re-
eumed with some success, and the
PacfiCs generally showed some good
recoveries. The borrowing demand in
the stock loan department OF the Stock
Exchange Indicated that the short in
tercst had become somewhat unyieldly
and the market over-sold. The demand
TO cover from that element is the cause
for the most part of the days show of
strength. New York Central advanced
point, but the Southern group of
trunk lines. which have been influenced
by the Pennsylvania Compauy's extern
sive operations for control, were gene
rally heavy. Baltimore and Ohio sold
down ut one time 10 72IG. 1t is argued
that since the stock is allowed tn de-
cline the syndicate which undcrwrote
the new stock issue ut 50 has probably
realized on its holdings.
In the late dealings, while the mar
ket was hanging in an unsteady condi-
tion ut the high level, the Steel Indus
trials suddenly gave way all around
Federal Steel and Steel and Wire losing
3 points and Tennessee Coal about 2ih.
Other members of the group showed
smaller declines. The general list gave
way under the influence of this break
and the closing was active and weak,
with the gains largely reduced
Fears are felt that the easier money
conditions abroad are only temporary
and Il disposition is manifest to curtail
speculation until they became more set
tied. There was considerable activity in
the bond market, but the tone was
irregular. Total sales, par value.
$l.2SO, 900.
United States SIS. registered, and new
As declined Zee. in the bid price. To-
days total sales were 50i 100 shares.
New York, May 1i.-Standard Oil.
5.43Glh4f