Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-05-01
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange, Bonds. Grain,
Cotton, Provisions. Etc.

New York, April 30.-The day on the
stock market started off with another
attempt to rush up prices by spccu-
lative manipulation with the purpose of
attracting an outside following, but the
short interest had been so far elinii-
mated by the events Of the latter part
of last week that there was not suifi-
up prices. Neither was there any
awakened interest developed through
the commission houses. The market
therefore fell back and became dull and
heavy, but without positive weakness
until some of the late developments,
when the bears showed renewed vigor
and sold prices to the lowest of the
day. The violent break in Sugar was
the principal element in the decline.
That stock sold up to 121ls In the early
dealings and recovered to that figure
after reaction and then fell away
with occasional spasmodic rallies to
111A, closing only slightly above that.
The news bearing on the stock consist
ed of story from Boston giving elab-
crate details of alleged terms OF set
Element of the trade war and the en-
pressed opinion of n prominent specu-
lator, just before sailing for Europe,
that the war was settled. Several OF
the principals in the trade conflicts de-
MED the allegations during the day
The threatened strike on the New York
Central caused a fall of 2M points in
that stock and had O sympathetic eff
feet elsewhere in the list. Missouri Pa
cific was pushed up to sixty on rumors
that q dividend would be declared at
to-day's meeting of directors. and that
John D. Rockefeller would be admit
ted to the directory. Both rumors fail
ed to be confirmed by the event, and
the stock fell back, but saved a small
net gain.
The steel industrals, after some show
of weakness also became firm and
closed generally with 81 small net gain.
The only developments bearing on the
group were rumors regarding the
threatened legal process against OIL
Gals of the Steel and Wire company.
United States Leather made II consid-
cradle show OF strength. Otherwise
the market generally yielded to the re-
dictionary tendency and closed very
near the lowest. and easy in tone.
There were no developments of Inn
portanco in the money or exchange
market, though both were scanned
with eager interest. Discounts in
London and sterling exchange were
slightly easier here, but London has
TO prepare for IL 10 per cent. install
ment of the Government loan, which
WIN bC ltthCil W. liiS MGtN 1Uc LIZ III
ening Of the London money market and
the demand for exchange in New York
to pay the installment of American
subscription will both tend toward gold
exports The money market here con-
tinues easy and shows no sign of hard
ening, Notwithstanding the diminished
supply OF cash for the market on sub
Treasury operations. 1t is worthy OF
remark in this connection that Satur-
days Treasury statement ut Washing
ton showed an excess of receipts over
expenditures for the day of 1891 ,6S1,
thus materially raising the figures of
the months surplus.
Railroad bonds were weak in sympa-
thy with stock. but the dealings were
rather light. Total sales. par value.
s1,47O0OO.
u. S. 2's advanced 4 ana new As
declined &c. in the bid price.
To-day's stock sales were GO, 500
shares.
New York, April 3O.-slandard oil. $50
@5.5o.