The times. [volume] (Richmond, Va.) 1890-1903, 1900-05-19
STOCK MARKET
VAS STRONGER
Early Losses Were Retrieved and the
Close Buoyant.
NOTABLE NET GAINS SHOWN.
There Was Burst OF Buying Orders
Exceeding Any Experienced for
Long Time Past-Bonds
Also Stronger.

NEW YORK, May 1S-The stock mar
ket contended successfully against the
marked depression of the carly dealings,
and showed increasing strength as the
day advance. Early losses were all re
trieved. and the close was fairly buoyant,
with a burst of buying orders in volume
and urgency exceeding that Tor q long
time past
Very notable net gains are shown by a
number of the specialties and industrials,
while the railroads generally are from a
fraction TO over points higher. The
early depression had its inception In Lon
don, where stocks were sold down sharp
~. Corresponding losses We're shown a.
the opening here. and the bears were In
an aggressive mood with this encourage
ment, and prenared to, continue their
operations against weak points IN the
Industrial list.
Sugar and Tobacco were both sold
down sharply, but they met support OF
q character which has been lacking Tor
several days past. An unwieldly SNORT
interest has been formed, and specially
in Tobacco. in the course of its recent
severe decline, and when the stock began
to move upwards the demand from the
bears becarc precipitate. The aggressive
strength developed in some OF the Ne"
York city stocks added to the confusion
of the bears. Brooklyn Union Gas moved ,l
upwards ~, points. and Consolidated Gas
Ga. to a level far above that touched py
this stock for many months past, ENei,
the steel industrtals were bought ana
moved upwards generally over point.
The bears abandoned their efforts 10
keep down prices, and rushed to cover all
through the list, making a buoyant close
The large buying of Burlington was the
feature of the railroad list but there
was well-distributed demand for rail-
road stocks during the latter part OF the
day, and the sudden jump in the prices
Of some zof them indicated the uneasy
demand from a short interest
The usual weekly forecast of the cash
changes of the banks was potent factor
In the days strength of stocks. 1t is
said that the gain by the Clearinghouse
institutions will amount to about 81 TOO
600, after allowing for loss TO the SUD
Treasury of about 100000. including the
payments for gold bars for export the
movement of currency from the interior
is counted upon TO yield the estimated
gain TO banks. Owing to the failure or
last weeks money market to reflect the
placing of the large loan TO the Penn
sylvania Company, said to amount TO
SIC GOO oo0 it was expected that this item
would be reflected in this weeks loan ac-
count OF the banks, but the continued
ease of money does not indicate large
loan sSp pans h aa .ng Iaan has
been put again in large part pending the
period of its use.
No gold exports were announced Tor to-
Inorrow's English steamers. and sterling
exchange fell lower. The strong return
made to-day by the Imperial Bank Of
Germany kept pace with the improved
condition OF the English and French IN
stitutions and affords relief from apDre-
'nension of any further gold export at
The bond market responded to late ac-
tivity and strength in stocks. Total
sales. par value. 81, Izo.o 900. United States
refunding Us (when issued advanced y,
and all other issues except the . S coupon
j. in the BID price.
o-day's total stock sales were 4a3, 100
shares.
MONEY AND EXCIANGE.-Money on
call easy at la.CI2 per cent; last loan at >
per cent; prime mecantile paper, 3a o. !.
actual business in bankers bills at S4SIA
-G4s73s for demand and at S4.S4%4G4 50
1or sixty days; posted rates; 81 s5laG14. 50;
tificatas, 6014G6oa; bar silver, 60; Mexi-
can dollars, 47lh- Government bonds
strong State bonds inactive; railroad