The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-02-01
But The Market Was Exceedingly Uneven
and Some Stocks Show Declines.
lARGE DEMAND FOR c. & 0. STOCK
Remarkable Advance In Northern
Paciac-sharp Rise in Baltimore Il
obio-Obvious Realizing In Now
York Central, Lake shore, Rock
Island ana Sugar.

New York. Jan. 31.-To-day's stock
market was more active and broader
Than at any time since the present
upward movement began, but 1T was
exceedingly uneven and some prominent
stocks IN the hist show nett declines.
The market ignored the 1lsavIness OF
some of last weeks speculative ia
Vorhtes and other Stocks were taken
up and pushed aggregsively. There
was very obvious realizing In New
York Central, Lake Shore, Rock Island
and Sugar; The leaders of ,io-day's
advance were Chesapeake and Ohio,
c., c., c and SIT. Louis. Louis
willie, Pennsylvania and Northern Pa
nitic preferred. The first two named
were affected by the published rumors
THAT am anlalganation was In prospect
Similar Ito that projected Fer the New
York Central and Lake Shore. There
was quite q large demand repol,-ed
for Chesapeake and Ohio pcr London
account, %nioh was attributed to the
presence in London of a prominent au
'uhoi'ity i'm that Ocnlpany. C,!hsr prop
critics which are largely under "a SINH
Tar control shared TO a less extent in
the strength. Northern Pacific prefer
red continued its remarkable advance
and touched GO during the day. Con-
fident assertions that an Additional div
adend was imminent, accompanied the
advance. Louisville continued to enjoy
1.-THE advantage of th- reports of a re-
funding plan nearing ci:rplo.ton. The
strength of Pennsylvania was said to
ne due 10 the operations of n pool
Whlch are based on The assumption that
hHs STOCK has not enjoyed a rise COM
mensuraIte with that OF either trunk
lines which are no better situated.
The sharp rise in Baltimore and Ohio,
which was highest. amounted 10 3hc.,
was unexplained by any news of the
day.
Strength in n number of the Indus
trial speciahties, nc,tably Tobacco, and
Leather pr?ferred, and r.he advances of
SJme OF the high priced inv.s tment
SOCKS. and the strength of the Coalers,
due to the prevalent cold weather help
ed TO sustain 1.-THE market and the con-
nnied large absorption 'Jf railroad
bonds was an additional FACTOR.
The tone of thc Changers was heavy
an day. wath the exception of Burl:ng-
u.m, which rose at one time over n
po!r. and CT Northwest and Omaha
(which moved in sympathy with the
Nanderbilts. There were several HANS
during the day due Ito tia taking OF
quick profits and the trading closed
with a very general movement 10 that
END. which embraced all the strongest
ana mcGst active stocks, cutting down
their extreme gains in all cases. Sugar
lost nearly oil of ITS early advance.
London was p.th buyer and a seller
in this market, and Uilion Pacific and
SIT. Pau feh the adverse effect of this
selling. Comm ssion house business was
OH a large scale.
Business in the bond market was IN
very largt' scale. Kansas Pacific con-
so!s THE Union Pacific and Atchison is
sues and the Texas and Pacific seconds
being in spscial demand Prices are
N Sher all around. Total sales, $780,
OCO S''''
The United States n:,w is advanced
&c. hid. and the SIS coup1n &c.
Total sales OF Stocks were SD. 100
shares