The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-02-09

NEW YORK, Feb. S.-There was a de-
cided falling off today in the specula-
tive interest of outsiders in the stock
market. There was considerable de-
gree of activity and some irregularity,
but it was largely due to the closing up
Of speculative accounts on either side OF
the market by professional operators
While the market seemed to be largely in
the hands Of professional operators, IT
was singularly free from professional
manipulation, so far as could be de-
tected. That is to say, the professional
bulls manifested no disposition to bid up
prices where there was evidence Of an
outstanding short interest, but were con-
tent to devote their attention to the
liquidation Of their profits. On the other
hand the bears showed no aggressiveness
in offering down prices where realizing
was in evidence, but centered their at.
tention on covering up their own short
contracts.
While this covering demand from the
shorts was in evidence in a number of
conspicuous stocks. the predominant lis
position was to take profits by selling out
long lines. The center Of demand from
shorts was Sugar, and some Of the other
industrials, including one or two Of the
metal group, showed sympathy. Others
of the metal group, the local fractions
and the railroads generally, showed the
effects of realizing all day.
The profit-taking was conducted in an
orderly manner, and without any such
violent movements of prices or furious
activity of trading as was the case yes
terday. The high opening in sympathy
with London helped profit-taking, but
opening prices were generally the best.
There were continued absorptions of
Union Pacific after the reaction which
followed the dividend announcement, and
the railroad list generally was well in
hand, prices being rallied occasionally to
facilitate the realization. Union Pacific
having determined to close the Ogden
gateways caused some heaviness in
railways that have relied upon that OUT
let to. traffic to the Northwest, namely
Burlington, Rock Island and Missouri
Pacific Local traction stocks. which
have shown themselves responsive to
development in the rapid transit tunnel
project, were weak on the announced de-
cision to accept the contractors bond.
The stormy weather prevailing in the
West perhaps had some effect on the
railway list. The announcement Of a
bond issue by the Western Union COM
pany OF twice the amount reported yes
terday caused weakness In that stock.
days bank statement will not show the
money position strengthened as the re-
ceipts from the interior have shown a
falling off owing, in part. to a. renewed
demand from the South to accommodate a
cotton movement stimulated by the high
er price 1t is obvious that the gain
made by the banks early in the week
on subtreasury operations will be about
wiped out before the end Of the week.
There is an increased partially for the
railroad stocks as collateral as a result
of those developments. There are FEW
gains on the days trading, but net
losses are the rule. .a=t~-4 = -
The bond market was moderately ac>
tive and showed recessions at some
points. Total sales par value. 81, 095, 600,
United States old tours declined u In the
bid price.
STOCK QUOTATIONS.
Furnished by Charles H. F. Smith &
Co., members of the New York Stock Ex-
change, Pioneer Press building. who have
direct wires to Chicago and New York.
Closing prices are bid: