Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-05-24
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange, Bonds, Grain.
Cotton, Provisions, Etc.

New York, May 23.-An effort was
made to repeate yesterdays lively
demonstration in Sugar in hope that
the traders would find sufficient price
movement in that stock to yield profits
OH the days turn, but the stock de-
vcloped its customary obstinacy and re-
fused to advance to any marked extent,
or to hold what moderate gain was
made. Its extreme range was 2A and
it closed with net loss of rs. The
street was flooded with tips this
morning. promising a repetition of yes
terdays sudden jump, and the profess
sional traders took on stock quite lib
orally. The closing out of short con-
tracts yesterday left the market with
out support on that account, and the
buying did not extend much beyond the
ranks of the professional bulls. In spite
of the announcement OF further adj
vance of 10 cents q hundred pounds in
refined sugar made by the American
company and followed by the other re-
finers, there was not sufficient demand
for the stock to enable the traders to
take their profits, and the price was
brought back to about where it started
under the pressure of that process. To-
days advance in the price Of refined
sugar makes a total of 10 cents n hun
dred pounds during the week, and the
quick response made by all the COM
panes to the advance gave color to the
persistent assertion that working
agreement has been arrived at between
the rival companies. The fact of II con-
current advance at the end of the dull
season In the trade and with the large
demand incident to the canning season
to be met, detracts from the protesta-
tions made with official sanction that
business is conducted under present
conditions on ruinous terms and that
t,rn oil, ~ t.np ha-
tween the refiners.
American Tobacco made further adj
vance to-day, which was better held
than that of sugar. and the price of
Brooklyn Transit was bid up sharply
when large buying orders were detect
ed in the stock.
In the general list there was some
show OF nrmness early in the day, but
1t was not we'll held in any case, and
prices of some railroad stocks drifted
below last nights level. The Pacifics
made the best show of strength. cspe-
cially Northern Pacific, which was Of
fected by rumors OF an Increased diyi-
dend rate, and was benefited also by
the timely rains In the Northwestern
wheat country. The buying OF Northern
Pacific was attributed in part to Berlin
account. international houses were
sellers on balance to a small extent. the
foreign markets continuing generally
depressed number of the large pro-
fessional operators in stocks are pre-
pairing for vacation trips to Europe, and
some OF the buying OF stocks is said to
be the closing out OF accounts of gold
for Europe announced during the day
was not unexpected, and had little ef-
feet on the stock market 1t is under
stood That 1t Is made possible only by
special Inducements offered by the
Bank of France, the occasion being the
special needs for currency incident to
the Exposition The bond market was
dull, and small and irregular changes
in prices were the rule. Total sales, par
value, sl,030000.
United States new As registered adj
vanced Il ana old As and SIS declined X
in the bid price,
To-day's total stock sales were col 500
shares.
New York, May 2S.--standard Oil $50
bid.