Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-03-07
REVIEW OF MARKETS.
FINANCIAL and COMMERCIAL
Stocks, Money, Exchange, Bonds, Grain,
Cotton, Provisions, Etc,

New York, March 6.-Conditions We're
mixed and the movement of prices was
very much confused on the Stock EX-
chan - to-Cay. Sentiment is CORES
& pondingly conflicting among the spec
ulative contingent. The situation may
ne best described as one OF waiting oil
the part of believers; i'll higher prices.
Those having fa.tl. in Il decline took
advantage of the hesitation Of the bulls
+ and the entire lack of outside interest
IN the stock market to make vigorous
attacks at vulnerable spots in the mar
ket. The results Oh the whole were
favorable to the bears. They were very
diligent In seeking out stocks which
We're unprotected by supporting orders
and in Offering them down below the
price level where selling orders were
known to be placed in the stocks for
the purpose of saving losses on any
sudden decline.
Tho sudden fall in prices OF the
STOCKS thus selected and equally sud-
den and. violent rallies gave the key
70 the character of this selling. The
hurry in the ate for call money in the
tate afternoon to per cent. was a
lavoring factor for the bears. but the
actual effect was very small. The
early tendency to advance i'm the rail-
road list was checked by the manoeu-
Vres of the bears. and the more nota-
DIE advances were about wiped out.
me railroad list yielded unwilingly,
and only to q slight degree. in spite
OF the very light demand and n fair
sprinkllng Of gains was retained at the
close. Very earnest efforts were made
10 weaken sugar but the utmost that
could be achieved was q three point
decline, offerings OF the stock being
comparatively light. Third Avenue was
strong, rising an extreme 5h and i'm
parting sympathetic strength to the
other local traction stocks. The most
notable examples of the hear tactics
We're furnished by the International
Paper stocks, the common falling 4Ss
and rallying 2M, and the preferred
failing 71s and rallying four; Pressed
Car Steel, which dropped 6h and rail-
lied b; American Hoop, which fell 3ik
and rallied IL; Standard Rope and its
bond issues, which were ralded down
from 2h to points. with rallies ex-
lending from l to nearly points. and
Peoples Gas, which fell 1H and rallied
24s. Practically all the iron and steel
stocks were down from / to points.
and many recovered good portion of
loss. and there were other less stril-
ing examples all through the list of
specialties.
The bull contingent are generally
confident that the financial bill provi-
Will be enacted into law and will result
in a notable expansion OF the currency.
The large buying of government bonds
by national banks all over the country
and the expert estimates which arc
current of the profit offered on circu-
lation by the new provisions are the
grounds of their confidence. Meantime
the money market is working con-
stantly closer. and the favorable fac
Ont100k Arr Tn, . l,a
fear that the available supply of money
will not bridge the interval until the
expected relief.
The bond market was dull and IT.
regular. Total sales. par value. $685.
900.
\ United States old As and SIS adj
vanced " and the S's x in the bid
price.
Total sales OF stocks were 436, 200
shares.
New York. March e.-standard Oil.
s5.2605.29.