Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-04-06
REVIEW OF MARKETS.
FINANCIAL AND COMMERCIAL
Stocks, Honey, Exchange. Bonds. Grain.
Cotton, Provisions. Etc.

New York, April 5.-The stock mar
ket continued its active and extremely
irregular character to-day. There was
some hesitation ut the outset, and profit
taking was on large scale during the
early hours OF the day, but the ag-
gressive strength of some individual
stocks, notably Pennsylvania and Bal
timore and Ohio, served to sustain
prices in face of realizing until the lat
ter part of the day The market then
developed unmistakable symptoms OF
being over-bought, and the pressure to
sell in order TO realize profits became
urgent. The reaction in Pennsylvania
and Baltimore and Ohio left prices
without u sustaining prop and they
crumbled rapidly. Tho Pacitics, the
Changers and some of the Southern
railroads were most strongly affected,
but the whole list fell easily, and eff
forts to support the market was APP
parentiy withdrawn for the time being.
The selling movement was allowed to-
spend itself before support WIS forth
coming. There was II rally in the last
fifteen minutes, but 1t retrieved only
small part of the decline. The opera
tions i'll Pennsylvania were on Il SINH
lar scale to those OF yesterday, and
carried the prices almost a point over
last years highest level. The very
large selling orders, which were de-
tccted In the stock, aroused uneasiness
in spite of the upward movement in the
price. Baltimore and Ohio rushed also
up to SIia and proved unable to hold
the advance, which was unaccompanied
by any news of further developments
TO account for the strength. The top
heavncss of Pennsylvania and Baltl-
more and Ohio decided the reactionary
character of the market on the an
nouncemcnt of no dividend on Balti-
more and Ohio common stock. Wall
.f,.1- F,,f =
combinations already affected or TO
come in the trunk line territory. y
1umor of a combination of the coalers
was persistent and raised the prices OF
those stocks for time, but they yield
ed sharply on denals of the rumors.
Various minor roads in New York Cen
trail territory were affected in the same
way. There was n very general wiping
out of gains of this character in the
late reaction,
The Hooking Valley stocks showed
notable strength on reports OF large
earnings, the common crossing 40 and
retaining net gain of ia. The gen
eral news and conditions continued fa-
rorable to values, money working
easier and good assurance being af-
forded OF n favorable bank statement.
reports of earnings, especially of soft
coal roads, were notably large. Lon
don was seller of stocks here with an
effect on sentiment out of all proper
lions to the volume of the transactions
The sensitivencss Of the market to this
influence and the continued firmnesS of
sterling exchange while London buys
stocks leads tn considerable questioning
rs 10 whether foreign operations are
not conducted under cover ana through
channels other than those under obser-
walton.
Dealings In bonds continued on n
very large scale and ut advancing
prices. Total sales. par value. s5.3T0 900
U. S. 2s declined y and all other is
sues Il in the bid price.
The total sales Of stocks to-day were
T25,700 shares
New York. April 5.-standard Oil,
5.35l5i0.