The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-02-02
CHICAGO CLOSING QUOTATIONS.
ATTEST LONDON ouoTATIoSs.

MONDAY. Feb. l.
The most noteworthy dealings on tho Stock
Exchange to-day were ia the bond department
The transactions ia railway and other bonds,
not including Governments. were only q few
thousand dollars short OF 81. oo0. 900, par value.
The number OF issues dealt In was l47, or only
three less than the largest number ever dealt in
on the Exchange. The demand for bonds was
such that higher prices were recorded for prac-
ticAlly every bond In which there were DEAL
ings. Tho transactions In stocks were upon
q larger scale than any day last week.
and though the market was irregular, the
tone was In the main very firm. The majority OF
the list closed fractionally lower than on Sat
urday because tho stock list docs not yet enjoy
the general or outside support that has devel-
oped in the bond market. As long as the stock
market continues narrow. the professional eie-
ment. which 10 temporarily In the ascendancy,
finds It profitable to sell whenever prices adj
vance . or 3 points. 1t also buys TO an extent
whenever . decline OF similar magnitude takes
place. Owing TO the very small amount of legit-
innate business, professional traders are more
disposed 10 sell than to buy. and. in conse-
quence. q short interest disproportionate to tho
breadth Of the market 10 frequently created.
The sharp advance In prices at the close OF
last week, in connection with tho strong OPEN
Ing this morning. invited realizing sales by To-
cal traders. The selling movement was further
stimulated by moderate sales of various stocks
by the foreign arbitrsge houses. Their sales
wero stimated at 10000 to $4,000 shares, and
were commonly reported to bo due to dissatis-
faction In London with the amendments
proposed by the Senate TO the arbitration treaty
between tho United States and Great Britain.
The frmness OF the market resulted
chiefly from evidence furnished by the tape
and discernible In current runors, of a trsnsac-
ton OF more than ordinary mas nitude In North
ern Pacific securities. The fact that . block Of
those securities has been sold to Europe was
published eIclusively In this column yesterday
morning. The details OF this transaction. so far
rs they are obtainabls. are printed on another
page of THE sun.
Tho transactions in Northern Pacific stocks
to-day aggregated 5000 shares, . fact which
indicates that operators Of greater magnitude
than ordinary traders have been Induced to
take an interest In them on account OF the i'm.
p~ortance OF the negotiation to which reference
has just been made. Northern Pacific pro-
ferred was exceptionally strong. and was one of
the few stocks that scored \ noteworthy net
advance. Among tho others were Omaha
common and Consolidated Gas. c., b. and
Quincy, American Spirits. and Now York
Central. tho last two on light transac-
lions. closed . little higher than on
Saturday, but the majority OF the list closed
either unchanged or fractionslly lower. The
weakness OF the foreign exchange market,
noted further on in this column. is a factor In
tho situation that can hardly DO ov%srestimated,
especially rs that condition results from the
lightness OF the demand and the fact that q
large amount OF security bills are now coming
upon tho market in competition with maturing
long bills that are being carried here.
Final salos compare with those OF Saturday
as follows: