The times. [volume] (Richmond, Va.) 1890-1903, 1900-02-14

PRICES OF STOCKS
WERE ADV ANCE.D.
The Professional Traders Bought
With Confidence.
SELLING MOVEMENT CEASED :.|
There Was Evidence OF a Renewal of
Outside Demand, Orders Through
Commission Houses Being
on a Very Small Scale.
rhe Professional Traders Bought
With Confidence.
SELLING MOVEMENT CEASED.

NEW YORK, Feb 13.-The stock mar
kci gave evidence to-day that the seittlS
5 movement 10 take profits that developer
about the middle OF last week mad run us :
course. The professional operators III
stocks who heSitatcd TO resume opera
tons on the eve OF double hoilaaS Meie
buyers at the opening to-day. lhcte was
no evidence OF q renewal of OUTSIDE de-
rnand. orders through coTnmssion-houses
being on very small scale, ana no.
showing notable increase as prices mace !,
progress upward. but the professionals
traders bought with confidence ana MAI ,,ti,,
tanned prices quite firmly apparent!
with faith that outside demand would de-
reiop. .
There were quite notable advances IN
the local traction stocks. due 10 Inu,,
viduaI causes, the principal one beihs d
rulnor that Metropolitan was ABOUT "
take over Third-Avenue. There was a
.4eaNy' demandEfrom shorts IN tils Group up
driven 10 cover by the strength OF 'iic
stocks. thus affordinE material alo 70
the advance Otherwise the strength OF
the market was due to the general iaV-
orable outlook for business and INDUSTRY.
Inc days returns OF railroad caihiiiSs
were all extra ordinarily favorable. even
Those of the cutton-carryinE roads snow
ing recuperation from the recent 10"
level on account of. the increased move
ment OF cotton, induced by the n!eh
prices for that staple and the sharp 1or-
eign demand. Some OF the western Tall ran
roads which suffered severely from last
years snow blockades are showing large
increase. and the increased gram move
mcnt caused notable strength In me
grangers, but the trunk line railway
stocks showed the most conspicuous Ell
fects of the improven condition OF the
rate situation, and the continued large
volume or merchandise traffic.
The Southern group OF trunk lines, in
which the influence and control OF Penn-
sylvania are becoming dominant by large
purchases Of stock of the competing com
-.,ftt5- ctr
sylvana leading with. an extreme rise oil
3A. Baltimore and Ohio preferred rose
over = points. being greatly ahecled ny
the January statement OF earnings. WHICH
showed practically all OF the increase IN
gross earnings saved Tor net, with the
resulting Increase in the latter OF over
$G61 600, or nearly IS per cent.
The iron and steel StochS were All nota-
bly, strong on the growing evidences OF a
continuance of last years large demands
for all grades of iron product. Consider
ing that 10 st years high prices were made
by the urgent demand of belated bidders
for comparatively small part OF me
years product, 1t is estimated that the
continued high level Of prices for the
total product will yield largely increased
returns in the aggregate.
The eager demand for cotton IS also
taken large account Of as assuring pros
perity to the southern section OF the
country The Rubber stocks broke sharp
1y without explanation. Spectators are
inclined 10 discount 1bIti'Si''ie Iiii-1 'ic-
OF the currency. by the pending financial
bni
There was good business in bonds at
mixed price changes. Total sales par
value s2,25o.o0o. United States bonds I'M
changed in bid price
The total sales of stocks to-day We're
Ss7717 .OOG shares, including Atchison pre-
ferrcd, 100: Baltimore and Ohio. 13.S-i;
burlington and Quincy, 1900; Manhattan.
4.,oG:,: metropolitan. 1863: Missouri Pa
cific, G,G5o: Norfolk and Western. S.::9':
40. preferred G.1GG; pennsylvania, "a
s95: Union Pacific. 1870: American Steel
and Wire. S.S35: American Tobacco, 26,-
100: Brooklyn Rapid Transit. IO.l1G: Fed
eral Steel. 100; Sugar, 21.o75; Leather.
&C, 3333,-J
MONEY AND EXCHANGE.-Money on
call steady at 2G2h per cent; last loan
at - per cent; prime mercantile paper,
4d1 per cent. Sterling exchange firm,
with actual business in bankers bills at
81 S7iaG4 S7224 for demand and at Si.Si!49
ASH Tor sixty days: posted rates. SlSo
and S4.SS1A; commercial bills. 81 .S'al S5a
Silver certificates. :IgAmG1: bar silver.
E.,3s: Mexican dollars. Az. Government