The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-02-03
Some Stocks Mounted Upward While
Others Tended Downward,
HEAVY SELLING TO lake PROFITS
Quite n Large Element of the Profess
sionai Traders Sold the Market
win Good Dcai nr visor ana
Confidence Ear'Sy TransncIions
Showed Strength.

New York, Feb. 2.-The stock mar
ke't was under iquidating pressure to-
day, but the strength of some special
SOCKS and manipulated advances ~
oters made the market exceedingly
uneven. There were numerous !IaIts IN
lthe .iquilisai.on dtG.'g.s Ike day. ana
lparty St'G SSH .i,,,1.igpss 10 ltS!..p\g
faiilGS so ulat ';,ilc day MAS one of cor
Istlft changes, some stUcAs muunl.us.
upwarG strongly, while tn nM,rkl,t was
teae4nS Q-"Irward. Thtre WAS every
|eNidGhce OF CGlHUinued heavy selling 40
|take profits in some Of the most uronl-
ineht iavuiIteS in the reg 1T specula-
lIion, nUiai5ly NorYhgrn Pacific, Onion
fWcillc and the Nanlerb!Ls QultC' q
Ita'Se element II the Professional trad
CTS so!d Nae market wiyh u good deal
|ol Nlscr and confidence Nevertheless
]oncrlngs were very We'll absorbed. and
nlo"t CT the net losses OF tine day are
Icohi@led - fractions. The carly trans
aa.achS showed positive strength under
~ d c~:nDlnation Of influences Among
eh,Se was considerable buying for
l-cE"son, especially CT Ontari, and We.5,-
fern. There was qul.e a large volume Of
aouEihS orders from commission houses
5a.So during the day. The new securi-
lties oil IN Union Pacific dtmpany in
Pune unlisted department Of ths exchange
3adNanced with something of Il rush over
3phe cHeninS prices. and Impaired
lstrehSth to the whole markct Balti-
more ana ohio advanced 1a over yes
3t.TdayS high point Wish Ehc eyccu-
(,r1h or accumulated buying orders. the
1pear.9h tendency CT traders grew and
Contained the ascendlncy. There were
VARIOUS reasons given To account foi, the
3cec!ins. Among rhcm was the cu:tinn
3oa rates 'buween minneapolis and Cni-
Ic2s"' and the apparent hopCleSsnegs of
laSEcIneWt as u rate; Nn the expected
lklcnd!ke business Tue Changers
IshDWSd themselves especially sensitive
4afai Were hurt also by a growing an
4pf.heMsion over the ow,come Of Jnc
3Nehrasha maximum fre!gh, rate cas-,
3Which IS 2wnLt';ng decision by the SUI
lpreme Court. Great Northern preferred
5aGded six more IjJiia:s to It's advance
Ioi Yesterday. and lis subsidiary cCm-
lpany, Manil. cha. Minnesota Ircn ard n
jhlilFnSr OF othtr inactive stocks show
sed marked advances The Rsq,linr
9SlocNS were strong on runners of Tho
3sale IN London of about Sc. 600 600 Of ;ha
3comnanN's bonds. Norfolk and West
Fern preferred gained sharply on the div
ji"tha a,c!aratf. n No. withsi;lnd,ng
lth|2e exceptional clcim ents of strength
3t~Wlrd weakness Rumors of LOSES
Iso9.&nSd ~ q lccal bank through in
sJu"t2!5Hs loans encouraged the reac-
'lsd!!$'S The RACES r1r exchange hard
2tned shade On investment demand.
Ilnduced hy the l0w rates for money,
wEich continued to work to an easier
lrasS The days exchanges ut the local
IclearnS houses wem; to the enormous
"ai OF H2o''22l 921, rejecting some ~
|heAry i@"E2iai operations. Tie details
Ioi thes= cGuld nU; be ascaltaincd.
The bond market conttnud Strong on
la sa:,Ee N-lumc OF dealing Tile Kan
|sas Pacific conscis were decidedly TN
3se.iiEd' iliSE advancing fraction chen
(react'nG 10 ! 90 ANA later recovering m
!. lJEi a net loss Of a. Total SAILS,
!, t'r,Eed states new Is declined u bid
oiE iN2re was nm actual sale OF the c0u
pnns ut an advance of 4.
IN tota! sales OF stocks we're 100000
l&haras.