The times. [volume] (Richmond, Va.) 1890-1903, 1900-02-21
THE UNDERGONE
DISTINCTLY FIRM.
Though Speculative Opinion Was In
settled and Doubtful.
ALL NEWS WAS FAVORABLE,
But it Failed TO Attract Any Demand
IorStocks From the General Pup
iic-Early Losses Were Re
covered Later.
ALL NEWS WAS FAVORABLE.

NEW YORK. Feb. 2o.-SpeculauVc opin,
ion showed itself to-day rather uhseltisu
and doubtful, as reflected by me oPela-
tons of professional traders. Inc news
OF the dav so far as it affected values OIL
securities. was all favorable, but II liieu
to attract any demand for STOCKS iIoL on.
the general public. This induced d spiiie
OF caution amongst professional oRei
tors The bears were inclined TO MAKE
overtures, encouraged by this douoH III
spirit. But while they Esucceeded IN ldt ss
declines in = few special stocks; my
failed 10 induce any general NGtinduoh-
The unacrtonc OF the market was cls-
tnctly firm. and the losses, Whlch were
pretty general at first, We're iafSets re
covered in the final dealings. Loncon was
disposed TO buy stocks here. ana W!llie
the volume of the buying was not heaFy'
the tendency was considered TO be so IN
view of the condition of the cSchanse
market and the approaching loan ior way
purposes 10 be placed by the BRUSH
Government.
The tendency Of railroad stocks was
upward at the start, and there was spe-
Cial strength where reports showed Il
high level of earnings. southern rall"a!
was the most notable addition to-day 10
The large gains for the second week IN
February. its increase over last year
similar period being no less than % per
cent
The southern group generally showed
the benefit Of this increase. Last week S
east-bound shipments from ChlcaSo
eclipscd all previous records and st!!nu-
lated the railroad list generally me
yearly report OF the Delaware, Lacka-
wanna and Western gave an impetus to
the anthracite group. The net result OF
the years operations for this road was q
surplus after dividends of Sl.6oI. -.
against a deficit last year OF 5000. I36.
The weakness of Third-Avenue, which
Tell AN extreme Is eX-dividend, and or
reople's Gas. which lost is, were the
,Insettling influences in the market The
late strength in the coalerS and sudden
rise OF = per cent in st. Louis had
strengthening effect.
The absorption of funds by the Sub
since last Friday. and the continued
downward course of New ork exchange at
interior points caused continued I'm. ash
ness over the money situation.
Railroad bonds We're in good demand
at advancing prices. Sales. S1.11o.ooo:
United States new As and SIS advanced
!. in the bid price.
Total sales Of stocks. $4,000 shares, in
Guiding Atchison preferred G.6o5; Bur
lington and Quincy, ZOO; Louisville and
Nashville. 5.506; Ontario and Western,
26.2.;U; Reading. Goo; do. first preferred,
fcrred, 1.Gc5; Union Pacific, $3.50; Aneri-
can Steel and Wire. 1860; American To-
bacco. 1850: Peoples Gas. 6,GGn: Sugar.
eo,ssG; United States Leather, 6,035.
MNEY AND EXCIIANGE-Mon on
cali steady at 2G2l& per ccOnt.; last loan
offered at :. per cent; prime mercantile
easy at S4.S73s@4.S13i for demand and at
Si.S4is for sixty days: posted rates. S4.S5
and $4.SSh; commercial bills. Si.S3AGD
A.S-;H. Silver certificates. 59&4GG0A; bar
silver. 59;s: Mexican collars, Az Gov
eInment bonds strong; otate bonds mac