Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-02-17
REVIEW OF MARKETS
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange. Bonds, Grain,
Cotton, Provisions, Etc.

New York February 16.-Practically
all prominent stocks advanced to-day,
with gains i'll many cases material and
trading left off with the tone strong
ana prices at the best. Traders from
time 10 time sought 10 bring about Il
reaction, but We're dislodged from one
position after another and the upward
movement became general. In fact, the
only active stocks OF Importance that
were exceptions 10 the rule were To-
bacco ana Northern Pacific. the former
suffering II loss of -. on prospect of
Increased competition and the latter Il
on Il decrease i'll earnings reported yes
terday for tho second Week in Febru-
airy. which decrease WAS said to be due
to storms. London houses reversed
their policy ON Northern Pacific and
bought more than they had of any
other stocks. Burlington, which was
eX-diVidend, made an extreme advance
of Ga on large volume of trading.
approXima ting 200 600 shares. The buy
ing of this stock was largely by houses
having Boston connections. The adj
vance Was stimulated by the state
ment of a prominent operator that he
had purchased largely in the belief
that refundng plan would be an
nounced in Il few days. The influence
OF Burlington's strength pcrmcated the
whole list, but more particularly affect
ed the other Changers. which We're benc-
L.
Union Pacific was lifted nearly points
and the preferred over IL point. while
Central Pacific advanced / per cent on
the report that an arrangement had
been reached with the Government
committee for a settlement of its obli-
cations to the United States. Metro
politan and Third Avenue were very
strong, rising AS and 3 respectively.
Federal Steel was in the van Of the
Flower stocks in their rise which be-
gan as the day drew to a close. common
advanced , points and the preferred g.
Among the Coalers, Reading First
Preferred and Jersey Central rose =.
each. International Paper and Sugar
advanced over points each. New York
Central and Northwestern, among the
Nanderblts. were benefited about Il
point In the rise. while G. G.. G. and st.
Louis left off with q gain OF rs. The
traders thought that the fractional adj
vances in London before the opening
had been manipulated from this side.
They sold freely on the idea that the
effects of the storm would result in
lower prices. at least temporarily. Sub
sequently they covered from time to
time as pronounced strength appeared
I'm the various stocks. On the final
dealings some stocks were taken in eX-
pectation that the days advances would
bring the public into the market in a
day or two. The excess of exports over
imports for January, approXimating
S57, 100000. was something of a sustain
Ing factor, nasmuch rs it was taken
TO be an easy means of settling FOR the
large sales of American stocks for for
eign account in the past three weeks.
The healthful tone in stocks received Il
considerable backlog from the confident
purchases in the bond market. Central
Georgia consols and Wisconsin Central
f1rsts led in point of activity and
strength, and important gains were also
chronicled elsewhere. The total sales
We're s5,900,000
u. S. new As. the old As and the IS
declined Il in the bid price.