Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-06-01
REVIEW OF MARKETS.
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange, Bonds. Grain,
Cotton, Provisions. Etc.

New York. May Sl.-The stock market
Struggled for a while with uncertainty
tund pathetic Indifference, but toward
the latter part OF the day took on more
aggressive Strength and closed with 4
greater appearance of activity and vital
force than it has shown for many days
past. The impulse WAS upward from
the opening on Il number of Influences
accumulated over the holiday. The one
of widest bearing ana interest was the
reports of capture OF Johannesburg and
the readiness of the Beers i'll Pretoria
to surrender. The buying for foreign
account here, however, did not exceed
$4,000 shares and the tone of the New
York market became reactlonary in ten
dency after the opening on profit-tak-
ing and on disappointment that no
greater strength was shown. The effect
may thus ibe said to have been very
small and momentary unless some of
the later buying was in expectation of
"a more active demand for stocks from
Foreign sources.
The later strength was conspicuous
In the Southwestern and Western Gran
gers. and is doubtless attributable to
the prospects of the winter wheat crop.
Atchison preferred and Burlington
were easily the leaders. the former gain
Ing and the latter pa on large trans
actions. The strength elsewhere in the
railroad list proved 10 be in sympathy
with this movement and was not widely
disseminated. Another notable source
OF strength was the demand for the
Steel stocks. which rose at one time
from to points all around. Later
more hopeful views OF the trade out
look were quoted from authorities in
the iron trade and reports We're current
OF large contracts for export. The
weakness of mine stocks in Berlin was
attributed to new com3etition from
american sources. In Sugar the open
Ing spurt WAS in sympathy with the
unofficial quotation established by rest
less specuators outside the exchange
during the holiday The opening price
at 12o was the best ana before the final
rally in sympathy with the other
strength in the market, the stock re-
lapsed to within Il small TRACTION OF
Tuesdays close, in spite OF the credence
given to the reports of the taking over
OF n part of the opposition reiineries
In the interest Of the American COM
pany, and a further advance of 10 points
III the price of refined sugar. The fail
ure Of the Bank OF England to further
reduce its official rate of discount prctn-
ably had something to do with the mod
crate effect of the war news on the
markets. The maintainance of the rate
at SO per cent. notwiths landing the re-
payment during the week of over. So
100000 loans must be interpreted to re-
1leot the doubts in the minds ofthe Gov
einors over the permanence of the
present case in the money market. The
large decline in Government deposits
helps to explain that case. In the case
OF the Bank Of France, further gain
IN gold Is indicated of nearly $1,000 900
nut in confirmation Of the foresight OF
the authorities in increasing their re-
Serves, the demand for credits has in
creased the amounts of bills discounted
to the extent of over 100000 while
additional notes have been issued to the
extent OF over 100000 Oo, Il doubt Is
warranted, therefore. whether the de-
mand for gold from Paris has yet been
fully satisfied.
The bond market was considerably
more active and stronger. Total sales
par value $l.735, 600
U. S. S's declined 4 and the old As
&c. in the ibidprice
The total sales of stocks today were
DOG. 100 shares.
New York. May Sl.--standard Oil,
6.53@5.57.