The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1900-02-15
y imamCIal.
THE STOCK MARKET.


| New York, Feb. 1.-THE stock market
showed continuance Of yesterday S
strength in the early dealings. But the
buying demand came almost altogether
| from professional sources with the purpose
of inviting outside demand. The outside
demand failed to naterialize, business from
the commission houses continuing on a very
small scale. In fact selling orders to some
| extent came on the market from commits
sion houses which were attributed to west
ern account, but which were without ex-
PLANTATION The professional buyers grew
tired and sold to realize when the futility
of the efforts to attract outside buying Or
ders was perceived. Several points of posi-
tive weakness were developed by the
searching efforts of the bears and stop loss
orders were uncovered by Offering prices
down. The result was a general reaction
airy tendency, which wiped out practically
all of the earlier gain and established some
sharp losses in special stocks. The shorts
covered before the close, causing sharp raj
lies at the weak spots and general stiffen-
Ing Of the whole market, as a result of
which the closing was firm and net changes
in the majority of stocks small. The local
traction stocks and the industrials were
the leaders in the opening advance. Sugar,
Tobacco Western Union, Peoples Gas,
Pressed Steel Car, Rubber preferred and
some Of the iron and steel stocks We're all
represented by gains of L to ~ and Ten
nesse Coal was marked up 5la on rumors
of plan to retire the preferred stock and
begin dividends on the common. Continued
vania, Baltimore and Ohio, st. Paul, Mis-
souri, Pacific and other stocks, those named
rising a point. Buying Of some of these
was attributed to operations by speculative
velop was in Third Avenue, on the an
nouncement of a dividend of only l per
cent. as compared with IA per cent. for the
last quarter Of 1899 and 1A per cent. each
Tor the three preceding quarters. The stock
weakness i'll the other local traction stocks.
Metropolitan West Side preferred of Chi
eago Jumped 5h points on the declaration
of Its first dividend The demand for
stocks was listless for the rest of the day
different stocks Rubber common and pre-
ferred lost Az and AK respectively. Cont
mental Tobacco was marked down 3 points
on rumors of a bond issue and American
Sugar fell ~ from the top, Federal Steel
rs, Pacific Mail ~ and Baltimore and Ohio
1R. The news of the day was mostly ia
vorabe and the reaction was apparently
uue W leCnHlcdl causes. ITuuefS were H.
clined to take profits on the pending pass
age by the senate Of the financial bill,
which is taken for granted, and which has
been the basis of some speculation on ne
count OF its provisions for expanding the
currency Money on call continued. offering
In abundant supply so that spectators were
not made uneasy by the evidences of alb
sorption of cash by the sub-treasury and
demand In the interior. The
further rise in London discount rate caused
a firm tone in sterling exchange, but no
luotable change In price.
The bond market was moderately active
and irregular. Total sales, par value, ST.
705, 900.
United States old tours advanced * in the
bid price.
NEW YORK STOCK MARKET.
Opening, Highest, Lowest Quotations
On the New York Stock Exchange, reported
by Prince & Whitley. Brokers, Is Center
Street, New Haven. f.R e.