Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-02-15
REVIEW OF MARKETS
~ t'se
FINANCIAL And COMMERCIAL
Sttocks, Money, Exchange, Bonds, Grain,
Cotton, Provisions, Etc.

New York, Feb. 1.-THE stock mar
Set To-day showed u continuance Of yes
terday's strength in the early dealings.
but the buying demand came almost
altogether from professional sources;
With the purpose of inviting outside de-
mand. The outside demand failed to
materialize, business from the commits
sion houses continuing on n very small
scale. In fact, selling orders to some
extent came on the market from COM
mission houses, which were attributed
TO western account, but which were
without explanation. The professional
buyers grew tired and sold 10 realize
when the futility of the efforts to at
tract outside buying orders We're per-
celved. Several points of positive
weakness developed by the searching
efforts of the bears, and stop loss or
ders were uncovered by Offering prices
down.
The result was a general reactionary
tendency. which wiped out practically
all OF the earlier gain and established
some sharp losses in special stocks
Inc shorts covered before the close,
causing sharp rallies at the weak spots
ana general stiffening of the whole
market, as Il result of which the clos
ing was firm and net changes in the
majority of stocks small. The local
traction Stocks and industrials were the
e. H.,
tobacco, Western Union, Peoples Gas,
dressed Steel Car, Rubber preferred.
and some of the Iron and Steel stocks
We're represented by gains of to 9,
and tennessee Coal and Iron was MARK
ed up Sls on rumors of q plan to retire
the preferred and begin dividends on
the common stock.
Continued heavy buying was in evil
dence In Pennsylvania, Baltimore and
ONO, st. Paul, Missouri Pacific and
other stocks. those named rising a
point. Buying of some of these was
attributed to operations by speculative
pools. The first point OF weakness to
develop In Third Avenue on the an
nouncement of a dividend of only one
Per cent, as compared with IL
per cent for the last quarter of 1898,
and TX per cent. each for the three
preceding quarters. The stock fell an
extreme AS, and caused sympathetic
weakness in the other local traction
stocks. Metropolitan, West Side pre-
ferred, OF Chicago. jumped 5Ia points
on the declaration of It's first dividend.
The demand for stocks was listless for
the rest Of the day, and the bears made
successive attacks on different stocks
Rubber common and preferred lost Az
and Az respectively. Continental To-
bacco was raided down points on rli-
mons of bond issue, and American
Tobacco lost it's earlier gain In sym
nathy. Sugar fell PIE from the top
Federal Steel, 1Fa; Pacific Mail, ~, ana
Baltimore and Ohio. 19a.
The news of the day was mostly ia
yorable, and the reaction was appn-
rently due to technical causes. Traders
were inclined to take profits on the
pending passage by the Senate of the
financial BILL which Is taken for grant
ed, and which has been the basis OF
some speculation on account of It's pro-
visions for expanding the currency.
The bond market was moderately
active and Irregular. Total sales, par
value $2.705. 900.
U. S. old As advanced &c. In the bid
price.
Total sales stocks were Az. 400 shares
New York. Feb. 14.-Standard OIL
5.4O@5.42.