The times. [volume] (Richmond, Va.) 1890-1903, 1902-05-21
PRICES OF STOCKS
SCORED A RECOVERY
DAY Ended With Stocks at About
Top Level and Steady.
r.--------
A MORE CHEERFUL FEELING
There was None of the Urgent Pressure
to Sell Manifest on Monday.
Bonds Were Dull But
Steady.
A MORE CHEERFUL FEELING
N. Associated Press. ]


NEW YORK. May 29.-Prices OIL slocNs
scored quite a substantial recovery 70
day and ended the day pretty 'sai IN
top level and steady IheFe Vas asa d ~ 'a The
outlook for value and none OF Tue ia.i.si
urgent pressure 10 sell. winch vas d ieat-
ure yesterday The sharp ana anu s seIoeI,
clines among high priced but seldom &C
tive stocks. gave place 10 eduaiiy suooeh
recoveries IN the same secuI3ues. inter
national Power recovered % points o ta us
Is point break OF yesterday, ana theIe
We're wide gains scored by the Electro
and Epress stocks, which We're notable
sufferers yesterday. 1here was not nucl
news on which to base the rise. Sentiment
was faSofablS affected by the large abb
sorption OF United States STEEL at rising
prices. This scothed the anNieies which
were caused by yesterdays rumors that
q formidable bear party had been formed
tn the stock an outgrowth OF the criticism
OF the stock conversion and bond issue
plan. The notable strength OF Canadian
Pacific and its subsidiary roads, Mime
apoiiS. ST. Paul and Sault Ste. Marie and
Duluth. South Shore and Atlantic also
whole market. This movement began
abroad before the opening here and was
not explained by any specific news. Lon
don was a buyer on a considerable scale
after the holiday there and confident pre-
dctions We're heard that peace would be
declared at an early day in South Africa
The formal announcement Of the terms
for the taking over jointly by Louisville
and Nashville and Southern Railway of
the Chicago Indianapolis ard Louisville
stocks in return for per cent bonds was
chiefly reflected in the price Of Louis
VILE The terms Of exchange of the stock
OF Is for the common and 30 for the pre-
ferred led TO some recession in their
prices. as the joint bonds, judged by the
precedent of the Burlington exchanged
bonds. are not likely to command full
nar val;le The presence in the Wall
Street district of SecretaTS' EasleN, of the
Civic Federation. and his consultation
with important representatives Of the an
thracite interests. gave rise to coniectures
that measures were In progress for the
Eettlement Of the anthracite miners strike
wall Street opinions remain confident that
q settlement lies within reach at almost
any lime There was also much less APP
prenension to-day Of a spread of the labor
trouble into the tituninous coal fields
which was considered 2 formidable pros
poet yesterday Sugar was helped by the
reports OF an agreement upon Cuban re-
clproclty measure and Amalgatnated Cop
Per was firm on the better conditions re-
ported In the copper trade. The market
closed quiet and steady.
Bonds We're dull. but about steady To-
aai sales, par value, s2.4i9.000 United
States refunding 2s and new as were i!
The total sales of stocks for the 1av
were 50S,i9s shares.
NONE YAND EXCHANGE-Money on call
close steady ut 3E@425 Per cent: closing bid
ana hskea, "a per cent: prime mercantile
Psper, 4 615 per cent. Sterling exchange wenl,
s:n ACTUAL business in bankers bills 4s71sn
posted rates, ss.S53sRI IS: commerciai nils
tso;4 Gs 4:aiS:. Bar silver, SIS Mexican dol.
iars: 4ita.. Government bonds. easy; State
bonds inactive; railroad bonds, steady.
STOCK QUOTATIONS.
u1ni,htd by Mss.rs. SCOTT sTRINGFELow
Members New York Stock E1chanre.