Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-02-14
REVIEW OF MARKETS.
FINANCIAL AND COMMERCIAL
Stocks, Money, Exchange, Bonds, Grain,
Cotton, Provisions, Etc.

f. . q & g -.l-
- New York, Feb. 13.-The stock mar
ket gave evidence to-day that the sell
ing movement to take profits, which
developed about the middle of last
week, had run its course. The profess
Sional operators in stocks, who hest
tated to resume operations on the eve
of a double holiday, were buyers at the
opening to-day. There was no evidence
OF renewal of outside demand orders
through commission houses being on
Very small scale and not showing a
notable increase as prices made pro-
gress upward, but the professional
traders bought with confidence and
maintained prices quite firmly, appar-
emily with faith that outside demand
would develop. There were quite nota-
bic advances in the local trac ton
stocks. due to individual causes, the
principal one being Il rumor that Metro
polltan was about to take over Third
avenue. There was a heavy demand
from shorts in this group driven to
cover by the strength of the stocks,
thus anording material aid to the ad-
vance. Otherwise the strength of the
market was due to the general favora-
bic outlook for business and Industry.
The days returns or railroad earn
1ngs were all extraordinarily favorable
even those of the cotton carrying roads
showing recuperation from the recent
low level. on account of the increased
movement Of cotton, induced by the
high prices for that staple and the
sharp foreign demand. Some of the
Western railroads, which suffered
severely from last years snow block
AIDES. are showing large increases, and
The increased grain movement caused
notable strength in the Changers But
the trunk line railroad stocks showed
the most conspicuous effects of the i'm
proved condition of the rate situation
and tho continual largo Vp,ir1e ne mo
y chandise traffic.
The Southern group Of trunk lines
In which the influence and control OF
pennsylvania are becoming dominant
by large purchases of stock Of the COM
peting companies, We're all markedly
: strong, PENNSYLVANIA leading with an
extreme rise of az Baltimore and Ohio
preferred rose over . points, being
greatly affected by the January state
ment Of earnings which showed prac-
tically all of the increase in gross earn
1ngs saved for net, with the resulting
increase IN the latter OF over $661 ,000
or nearly 15S per cent.
Ihc Iron and Steel stocks were all
notably strong on the growing evil
dences of n continuance of last years
large demands for all grades Of iron
product. Considering that last years
nigh prices We're made by the urgent
demand OF belated bidders for q COM
paratlvely small part Of the years pro-
duct. it is estimated that the continued
high level of prices, for the total pro-
duct will yield largely increased re-
turns In the aggregate. The eager de-
mand for cotton is also taken large ac-
counts of as assuring prosperity to the
Southern section Of the country.
The Rubber stocks broke sharply
without explanation. Spectators are
inclined TO discount probable infa ton
of the currency by the pending finan-
cial bill. There was Il good business
In bonds at mixed price changes.
Total sales, par value. S2.250000.
United States bonds unchanged in bid
quotations. The total sales OF stocks
to-day were $4,000 shares.
New York, Feb. 13.-Standard OIL,
5.41@5.45.