The times. [volume] (Richmond, Va.) 1890-1903, 1900-02-10
MARKET HEAYY
AND LlSTLESS.
Reaction in Prices Discouraged the
Outside Demand.
BEARS MADE FIERCE ATTACK
On the Report Of British Reverse. But
General List Failed to Iscspond
aud the Market Closed
Generally Firm.

NEW YORK, Feb. 9-There seemed 10
be complete withdrawal to-day OF INC
general interest in the stock naTke.
which was so conspicuous afactor IN me
active trading in the early days OF the
week. The two days reaction IN prices
served to discourage the outside denahu,
and orders to coWmlssion-houses ie,. "
practically nothing. There was cor
tinual dribble of realizing sales all gay
the bears industrionsly pecked at me
market here and there wherever 'hcy ue1
tected evidence OF realizing or Oh long
stock offered Cor sale. The most notanie
price movements were in the speculative
industriais and spccialtes. Late IN lnc
DAY. on the report OF a new britlSh re-
verse at Ladys,7lith. the bears made n de-
tcrmincd raid on Sugar and Ihird,Asc
nue.. forcing them off an extreme .'rs anu
Ga. respectively. The general Est laIisa
to respond in any marked degree, anu
support was accorded to the STOCKS at
tackled, forcing the bears 10 cover. !nes
made final futile attempt aSalllsL a. ~.
Paul, but the market closed generaiiy
firm and with rallies in the stocks which
had been attacked of from TO "a. -.
The tone in the general list was Is1r
less and heavy for the greater part OF
the day. and il was not greatly affected,
either by the late attack OF The bears OF
py the final rally. Net losses reached Il
point In only few stocks Amcrlca M
the general weakness during the DAY
and. after an early decline. rallied stons-
~ 3A. closing at about the best
too much to do VII. djsinclination TO ex-
tend speculative commitments. The re-
cent movement of funds from the Sub
treasury TO the banks had reversed, ana
the latter institutions have lost on that
account S6S1G00. Allowing for the SUB
Treasury absorptions. the weeks gam IN
cash will be insignificant The nauldanI.o al
of speculative profits in the Stock EX-
change during the week may nave re
lieved somewhat the pressure on the
banks for credits. Time money was dis
Iinctly iirmer- Loans on exceptional col
lateral We're to-day advanced to per
cent. minimum. The rather violent break
In the price of cotton on speculative
liquidation1 probably had some sympa-
tlletic effect in the stock market.
Business in the bond market fell OIL
considerably, and price changes were
irregular. Total sales. par value, SOL
600. United States bonds were unchanged;
shares. including Atchison preferred, H.
$50: Baltimore and Ohio, 5.42': Burlins-
ton and Quincy. 1896: Norfolk and West
ern. T.lo5: ST. Paul. 1910; Southern Pa
cinc. S.9a5: Union Pacific 3o.66o:. Ameri-
can Steel and Wire. 10000: American To-
bacco. 45.141: Sugar. 1850: Brooklyn
Rapid Transit 2S.1 3o.
MONEY AND EECHANGE.-Money on
call steady at 2@2A per cent; last loan
at per cent; prime mercantile paper.
with actual business in bankers bills at
81 S7ss for demand and at "a. SAL for sixty
days: posted rates. S4.Sj and S4.SS1a: com
rercial bills. S4.S;14Gi.S4. Silver certif-
dollars, 4Is4. Government and State
bonds steady: railroad bonds irregular
BANK CLEARINGS-The total bank
clearings at the principal cities for the
week ending February 9th are $780,
.S37TG decrease of y per cent; eNclu-
sire OF New York, SG66 Ola, 159, an increase
OF "a per cent.