The times. [volume] (Richmond, Va.) 1890-1903, 1900-02-09
STOCK MARKET
QUITE ACTIVE
There Was Some Irregularity Due to
Closing Accounts.
a FALLING OFF IN INTEREST.
FALLING OFF IN INTEREST.
Professional Bulls Manifested no Dis
position to Bid Up Prices, But
Were Content 10 Liquidatc
Their Profits.

NEW YORK. Feb S.-There was de-
tided falling off in the speculative inter
SSt OF outs.1ers in the stock maThet
There was q considerable degree OF ac-
INity and some irregularity, but II was
largely due to the closing up OF specula-
i've accounts on either side OF the mar,
Ket by professionals. The professional
pulls manifested no disposition 10 bid UP
prices where there was evidence OF an
outstanding short interest but were con
tent to devote their attention to the
liquidation of their profits. On the other
hand. the bears showed no aggressive
ness in offering down prices where real
1zinE was in evidence, but centered tiieiI
attention on covering up their own snort
contracts. While this covering demand
from the shorts was in evidence in a
number of conspicuous stocks, the pre-
dominant disposition was 10 take proilis
by selling out long lines. The centre OF
The demand from shorts was sugar. ana
some OF the other industrials, Including
one or two of the metal group. The local
fractions and the railroads Ecneraliy
showed the effects Of realizing all day.
he proit-talling was conducted in an
orderly manner. and without special
movement Of prices or furious activity oil
trading. as was the case yesterday. The
nigh opening in sympathy with London
he!ped the proilt-takng, but opening
prices were generally t.le best There
was continued absorption of Union Pacific
after the reaction which followed the div
1dend announcement. and the railroad list
generally was well in hand, prices being
SASSSiSi!fiiiS ~ iotlIitoiS ShS iSsAA
iZinE.
The report that the Union Pacific had
determined to close the Ogden gateway
caused some heaviness in the railroads
which have rallied on that outlet for
traffic to the Northwest. notable BurlinS-
ton, Rock Island and Missouri Pacific
The local traction stocks which have
shown themselves responsive TO develop
ments in the rapid transll tunnel project
were weak on the announced decision to
accept the contractors bond. Inc stormy
apt. n
had some effect on the railway list. The
announcement OF u bond .ssue by the
Western onion Company OF twice the
amount of the report yesterday caused
weakness in that stock
The. expectation IS growing that Satur-
day bank statement will not show the
money position strengthened, as the re
ceiptS from the interior have shown a
falling of, owing in part TO a renewed de-
mand from the South 10 accommodate
az cotton movement stimulated by the
higher price. II is obvious thats the gain
maze by the banks early in the Week on
Sub-lreasury operations will be about
wiped out before the end of the week.
There is an increased partially for the
railroad stocks as collateral as result
OF these developments. There are a few
gains on the days trading, but net losses
are trivial.
Inc bond market was moderately &C
tive. and showed rccessions at some
points. Total sales par value. Sl,91I,un.
United States old Is declined y III the
bid price
Total sales of stocks We're 1900
shares, including -A1chison preferred. 81
t2o; Baltimore and Ohio $500: Chesa-
peake and Ohio, 6,ul0; Chicago, Burling
ton and Quincy. I7,35o: Rock Island.
!i,Gn0: Manhattan. 11,26n: Metropolitan
Street railway. I4.7'o; Missouri Pacific.
$3.50; Norfolk ana Western 15.250: do.
preferred, 6,350; Northern Pacific, $4,000:
Pennsylvania, i,410: st. Paul, 15,2lo;
Southern Pacific. 15,2S5; Union Pacific,
ai.45G: American Steel and Wire. S,5Io:
American Tobacco. p Brooklyn Rapid
Transit, aG..a3I; Continental Tobacco,
800: Federal Steel. 1u.430: National
Steel. S.o3a; Sugar. a4.+13; Tennessee Coal
and Iron, 6.922: United States Leather,
$500; Western Union. 9.I0:i.
MONEY AND 11XCHANGE.-Mon on
call steady at 2n2la per cent: last loan
at I: per cent: prime mercantile paper, )
per cent Sterling exchange easy, with
actual business in bankers bills at 81 ST..
C14.STla for demand and at S4.SIA for sixty