Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-02-09
REVIEW OF MARKETS
FINANCIAL And COMMERCIAL
Stocks, Money, Exchange, Bonds, Grain,
Cotton, Provisions, Etc.

New York, Feb. S.-There was de-
cided falling off in the speculative III
tcrcst of outsiders in the stock mar
ket. There was IL considerable degree
OF activity and some irregularity, put
1t was largely due to the closing up OIL
speculative accounts on either side of
the market by professional operators.
The professional bulls manifested no
disposition to bid up prices where there
was evidence of an outstanding snort
interest, but were content to devote
their attention TO the liquidation OIL
their profits.
On the other hand the bears showed
no aggressivcncss in Offering down
prices where realizing was in evidence,
but centcrcd their attention on cover
ing up their own short contracts. While
this covering demand from the shorts
was in evidence In a number Of conspic-
uous stocks, the prcdomin3 mt DISPOSE
ton was 10 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 metal group, showed SYM
pnthy. Others of the metal group, the
local fractions and the, railroads gen
orally showed the effects of realizing
all day. The profit-talling was con-
Quoted in an orderly manner and with
out any such violent movements of
prices or furious activity of trading as
was the case yesterday. The high open
Ing In sympathy with London helped
the profit taking. but opening prices
were generally the best. There was
continued large absorption of Union
Pacific after the reaction, which fol-
lowed the dividend announcement and
ho 1ict na1 Iy al in
hand, prices being rallied occasionally
to facilitate the realizing.
The report that the Union Pacific had
determined to close the Oregon gate
way caused some heaviness in the rail-
roads, which have relied on that outlet
for traffic to the Northwest, notable
Burlington. Rock Island and Missouri
Pacific.
The local traction stocks which have
shown themselves responsive to devel-
opments in the Rapid Transit tunnel
project, were weak on the announced
decision TO accept the contractors
bond. The stormy weather prevailing
in the West, perhaps. had some effect
on the railway list. The announce
ment Of a bond issue by the Western
Union company of twice the amount
first reported yesterday caused weak
ness in that stock.
The expectation is growing that Sat
urday's bank statement will not show
the money position strengthened, as the
receipts from the interior have shown
n falling off. owing in part to q re-
newed demand from the South to- nc
commodatc cotton movement slim
ulated by the higher price. 1t la OBJ
rious that the gain made by the banks
early in the week on sub-treasury OPP
erations will be about wiped out before
the end OF the week. There is an in
creased partlality for the railroad
stocks as collateral as IL result of these
developments.
There were few gains on to-day's
trading. but net losses are the rule.
The bond market was moderately
active, and showed reccssions at some
points Total sales. par value, sl,9l5, 600
u. s. old As declined &c. In the bid
price
The total sales of stocks to-day were
100000 shares.
New York. Feb. STANDARD Oil
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