The times. [volume] (Richmond, Va.) 1890-1903, 1900-02-02
J s.
STOCK MARKET
WAS IRREGULAR.
-.-----,------
There Was a Generous sprinkling Of
Net Gains Through the list,
BEAR ATTACKS UNAvAlLlNG.
Call aud Time Money Rates We're
Easy-There Was a Good Demand
forthc active Bond Issues
at Higher Prices.
BEAR ATTACKS UNAvAlLlNG.

NEW YORK Feb. 1.-while a good
deal OF irregularity was manifest in to-
Gays Gay market, the bulls at>nll times held
the mastery. as evidenced by the gener-
Gus sprfnkl!ng of net gains through the
list. Influences contributing II this re-
suit included a heavy absorption Of the
net statements of the leading lines. Eff
forts TO dampen bullish enthusiasm met
With, some success at first.
A ragged opening was due primarily to
The unScttiing incident in Sugar yeSter-
day and yielding prices for Americans
in London. II was soon made manifest
that an important movement was regard
ed in The metal group, as issues which
arc usually not factors livened up and
advanced Trpidly. Strength developed in
other stocks. and the market rose easily.
The bear faction made concerted at
tack upon the local utilities. and broke
Third-Avenue points. Kindred proper
ties sagsed to 3 points. and Sugar was
largely affected. This mnnoeuVre, pro-
yoked some selling. but as the various
encouraging traffic statements came to
hand the offerings diminished and bust
ness centcrcd almost wholly in the trans
actions. The Generalization in Third.
Avenue Induced IN official statement by
Inc counsel Of the company OF plan
to finance its Indebtedness by an issue
of ,,er cent notes, allowing opuona.
redemption by the company WITHIN
Year. This statement effectually disposed
of recent ru1nors that the issue would
be So9. 1000 GEO and would jeopardize dlNn-
orders5 rallied IL, 8 points. but 1t went
down lower than before in drive near
the close. and ended with 4. net loss OF
8 points.
in connection with, the buoyancy OF the
iron and steel stocks. chief among which
was the early establishment OF the Ieir-
nessee Coal and Iron common stock on a
s per cent dividend basis. Other adT1ces
were predictions as to the enormous ,,Si
earnings of the various COMPANIES una
trade report asserting 4 distinct improve
merit in the industry.
The carly attempts of the bears to
create LIQUIDATION in the standard stocks
proved rnarailing. While the inquiry
for the leading. railroad stocks was not
very urgent, still there was a slight ap-
probation al around. which was 1alrI!
well maintained TO the end. The ease
with which the active speciaities respond
ed to the pool buying caused many OF
the active traders to transfer their Ell
forts TO raise prices from the railroads
into the metal group. where the pros
pectiNe profit seemed alluring
In connection With the monetary sit
uation. cali and time money rates We're
easy, but bids for large amounts of the
latter We're made below the market
which holds at 1 per cent
A good demand developed for the "ctive
bond issues to-day at higher prices. Some
concessions. however werc noted IN
spots. Total sales par value a.. s1,2ao.o WV
vanced !: in the bid price.
The total sales of stocks to-day We're
Gs4.fO0 shares. including Atchison pre-
ferred 23.405: Burlington and Quincy.
:i.G6U: Metropolitan. 5OS5: Reading first
preferred GOO: Missouri Pacific, 64:,';
Southern Pacific. 9110: American Smelt,
ing and Refining ;j.245: American Steel
Hoop. 1890; American Steel and Wire,
%, so: do preferred. 1oGGo: American
Tobacco. 222.214; BROOKLYN Rapid Transit
-: GGa: Colorado Fuel and Iron. 21610:
Continental Tobacco. $3.50; Federal Steel
IA .S:,3: Gas. 121a5: National Steel. Fill:
SuE,r 81. 80: Tennessee Coal and Iron.
~; $50: Leather. Goo; Rock Island and
ST Louis Q 20