The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-02-01

NEW YORK, Jan. 31.-Today's stock
market showed the stimulating erect OF
yesterdays sharp advances and increased
activity in a largely Augmented outside
demand. The commission houses showed
more buying orders to execute this morn
ing than for many weeks past, and their
brokers made a lively opening on the
floor of the board room. The great ac-
tivity of the market and the steadiness
of prices during the first hour made 1t
obvious that spectators who had bought
stocks yesterday were feeding the new
demand with judicious liberality, SO as
to realize profits on yesterdays rise and
yet not distmb the new level of values.
The steady and confident absorption Of
these offerings proved highly satisfactory
to the professional bulls, and before the
end of the first hour they commenced to
bid up prices again and to take on new
lines of stock
The market was good deal unsettled
by a sudden break of 4 points in Sugar
and the announcement of the failure OF
an important stock exchange house. The
closing out of the accounts Of this house
under the rule of the exchange caused
pause in the speculative activity,
though the shares were we'll absorbed and
prices well sustained. The best prices
of the day in the majority of stocks We're
made after this episode, the demand from
the short interest becoming eager and
pressing for some of the stocks which had
recently figured in bear operations. The
frightened shorts were eager to cover,
and 1t cannot be said that the bull con-
tingent retained the same placid con-
fidence during the latter part OF the day.
They were disposed to avail themselves
of the forced demand from the shorts
to realize, and prices yielded quite ma
terially during the last hour.
The mixed sentiments thus manifested
were partly due to the facts disclosed by
the days incidents that an important part
of yesterdays large buying was due to
a reckless and Incorporate attempt to re-
coup bear losses by plunging into long
account 1t was evident that operators
short of the general market had made
prodigal outlay in Sugar, which relapsed
weakly in face of an effort to realize
profits. There was very heavy covering
in evidence at various points in the list,
the Industrial stocks recently under pres
sure being most conspicuously affected.
The very heavy dealings in Brooklyn
Transit and a part of the demand for
Steel & Wire were attributed to this
cause. There was very large demand,
however, for Steel & Wire for the long
account The sympathetic effect on other
metal stocks was less marked than yes
terday. The aggressive strength seemed
to impress foreign markets and invited
some small buying demand from London.
Conspicuous strength was displayed by
the Changers, the Coalers and some OF the
Southwesterns, but the gains in the rail-
road stocks were much affected by the
late realizing and were nearly all re-
duced to fractional limits, after having
extended we'll above point. Third Ave
nue. and Pittsburg, Cincinnati, Chicago
& st. Louis continued heavy in face
of the genera: tendency of the market.
The money market continued very easy
without rejecting in any degree the en-
larged stock market activity, and sterling
exchange was distinctly reactionary.
The bond market was active, but yield
ed at some points. Total sales, par value.
81, 355, Coo United States IS, coupon, declined
a and the old As a in the bid price. The
Is rose H.
STOCK QUOTATIONS..
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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: