The daily morning journal and courier., 1900-02-09
Ftnanrial.
-------------- THE F STOCK M 4 ARK EI,
Decided Falling or Ina Spe pecuiative Tn-
 terest.

 terest.
 | New York, Feb. S.-There was de- cided falling off to-day in the specula- tive interest of outsiders in the stock market. There was considerable de- gree of activity and some irregularity but it was largely due to the closing up of specula tive accounts on either side of the markets by professional operators. While the market seem ed to be largely in the hands of profes- sional operators, it was singularly free from professional manipulation so far as could be detected That is to say, the professional bulls manifested no disposition to bid up prices, where there was evidence of an outstanding short interest, and they were content to de- vote. their attention to the liquidation of their profits. On the other hand, the bears showed no oggressiveness in offering down prices where realizing was in evidence, but centered their at- tention on covering up their own short contracts. While this covering de- mands from the shorts was in evidence in number of conspicuous stocks, the predominant disposition was to take profits by selling out long lines. The center of the demand from shorts was Sugar and some of the other industrials including one or two of the metropolitan shares. The local traction and the railroads generally showed the effects of realizing all day. The profit-taking vas conducted in an orderly manner tyip1 ments of prices or furious activity of trading as was the case yesterday. The high opening in sympathy with London helped the profit taking, but opening prices were generally the best. There was continued absorption of Union Pa cinc after the reaction which followed the dividend announcement, and the railroad list geerally was well in hand, prices being rallied occasionally to fa cilitate the realizing. The report that the Union Pacific had determined to close the Ogden gateway caused some heavness in the railroads which have relied on that outlet for traffic to the northwest notably Burlington, Rock Island and Missouri Pacific. The To- cal traction stocks, which have shown
  in the rapid transit tunnel project were weak on the announcd decision to ac- cept the contractors bond. The stormy weather prevailing in the west per- haps had some effect on the railway list The announcement of bond issue by the Western Union company of twice the amount first reported yesterday caused weakness in that stock. The expectation is growing that Saturdays bank statement will not show the money position strengthened, as the receipts from the interior have shown a falling off, owing in part to a renewed demand from the south to accommodate cot ton movement stimulated by the high CT price. It is obvious that the gain made by the banks early in the week on sub-treasury operations will be about wiped out before the end of the week. There Is an increase partially for the railroad stocks as collateral as a result of these developments. There were a few gains on the days trading but net losses were the rule.
 The bond market was moderately ac- tive and showed recessions at some points. Total sales par value, $1.91h.- 000 United States old As declined 14 in the bid price.
 NEH YORK STOCK M.iRh Er.
 oprning. Highest, Lowest Quotnfipns ,t, nJ,o J