The times. [volume] (Richmond, Va.) 1890-1903, 1900-02-03
STOCKS WERE
QUITE ACTIVE.
Increased Interest Manifested in Mar.
ket by Public.
BOND MARKET BROAD AND ACTIVE
Strength, Developed in Orc Group of
Railroad Stocks After Another
Un.il The Entire List
Showed Gains.

NEW YORK. Feb. 2-To-day's stock
speculation furnished adequate proof that
increased interest was being manifested
by the public in the market This sup
position was based on the extensive trad
ing in railroad stocks, which comprised
properties traScrsing a wide area. Pro-
ieSSionai operators, perceiying that sup
port from commission-houses could be
relied on in an upward movement in the
standard stocks, devoted their energies
in that direction. causing the specia!Ges
TO occupy secondary position an the
market This change of front was in a
measure due also to the fact that some
of the industriaIs which had sustained a
substantial rise showed evidences OF good
rcaliZing-
Rccosnition of the encouraging general
situation and indifference of the local
market TO foreign complications formed
The primary cause Of the revival of out
SIDE interest. Important movements APP
Peared to be under way by substantial
interests, as to-day's strength developed
IN first one group OF railroad stocks and
then another until the list showed gains
running from l 10 81 points. In connec-
lon with the enormous buying of the
Baltimore and Ohio stocks. Il statement
that the management had sold SS.G0D.nae
per ceat. bonds of the road, md S2,JtO.
300 OF that of a subsidiary line, to pro
VIDE improvements. accounted for their
bnoyant rise.
AS the tendency of prices became pro-
nounced. an arbitraEe house took adj
vantage of the level TO unload. but their
offerings of 10000 shares made no check
TO The current. Long-standing short lines
In some OF the middle-grade railroads
were covered, and blocks of 10000 TO 30
600 shares figured plentifuly throughout
The list Interest was difused into a
great variety of stocks. and at times
some OF the usually neglected ones We'd
win the recognized leaders in point of
animation.
EARLY operations indicated that power
1Hi interests were engaged in the metal
stocks, as prices of the minor securities
followed a jump of points in Tennessee
Coal TO IO4. This stock suffered acutely
from realization as the day progressed,
and ended with a gain of but 81. Prices
OF kindred properties were better sus-
tanned. but ali rclapsed from the best
figures Fluctuations in Thrd-Avenue
continued to be OF IL sensatio nuture,
an early rise to lo1 being followed by a
break to 96 liquidation by interests
disturbed by the measures projected 10
finance the company's indebtedness A
rally to 99ss occurred in sympathy with
the pronounced rise of the general mar
ket in the late dealings. Other local utili-
ties lacked feature aside from the gas
retain a substantial rise. Western rail-
road stocks gave the first indication of
strength, and held their extreme rise.
among the high-priced industria1s
gar occupied d commanding lead. but
ended with narrow net changes. Predic-
tons as TO the character Of to-morrow's
bank statement We're uniformly favor
able, but the advance statistics show
that the gain in cash from the receipts
from The interior and Sub-Treasury ope-
rations were placed at S2.SI1.11S rs COM
pared with 4 net gain in the previous
week of S6,sS9, 17:1.
A reflection of the stock markets
strength was observed in the bond opera
lions where the absorption was very
heavy of the low and middlcErade is
sues The market was broad and active.
transactions aGSreGating Il par value of
S23So.00D. United States new 4 IS and rs
advanced X and the IS declined u in the
bid price.
The total sales of stocks to-day were
10000 shares. including Atchison. 5.110:
do. preferred. 2;,1ao; Baltimore and Ohio,
30.172: Burlington and Quincy, 1860:
New York Central. $3.50: Missouri Pa
cltic. 1895: Northern Pacific. .04a3: st.
Southern railway. ..S2!: do. preferred.
l4.625: Union Pacific, 1880: American
Smelling and Refining. !.7G'; American
Steel HOOP III: Amerean Steel ana and
Brooklyn Rapid Transit, l1,4I3: Colorado
Fuel and Iron. 1850; Continental Tobac-
co. G,3l3: Federal Steel, 10000: National
Steel. 1o,G7G: Gas. ITO: Sugar. 1917:
United States Leather, G.410; Rock
Island. 14.oG0
MONEY AND ENCHANGE.-N1oney on
call loans easy at 2Gl2i. per cent: last
loan at 21a per cent; prime mercantile
paper Al, per cent Sterling exchange
steady. with actual business in bankers
bills ut S4,S71aa4- S1T! for demand and at
81 .Sii; GT4.Sil. for sixty days: posted rates.
S4S:I and s.. SSGII. SSK,; commercial bills.
81 S3lsGti. S4l,. Bar silver, Coz silver dol
lars. IL: silver certificates, 39l!MIol@
Government bonds irregular; State bonds
firm; railroads firm.
BANK CLEARINGS.-Thc to.nl bank
clearings at the principal cities for the
past week We're Sl.o2O. 3SI. 1!9, a decrease
Of FL per cent: outside of New York,
$685. 1oG, 10J, decrease of is per cent.
STOCK O!T0T ATIONS