The times. [volume] (Richmond, Va.) 1890-1903, 1900-02-01
STOCK n. lar
VERY ACTIVE.
Outside Demand for Stocks Was
Largely Augmented.
BONDS YIELDED AT SOME. POINTS.
-----.-! .-----
Money Continued Easy without Re
nccting in Any Degree the In
creased Activity ofthc
Stock Exchange.
BONDS YIELDED AT SOME POINTS

NEW YORK. Jan 31.-To-day's stock
market showed the stimulating erect "
yesterdays sharp advances, and .1ncIea5eu
activity IL largely augmented outs.os
demand. The commission houses showed
moro buying orders 10 execute ms morn
ing than for many weeks ppst. ana thetf
brokers made n lively opening on me iiooi
) OF the board-room.
The great activity of the market ana
the SteadineSS OF prices during lhe HrsL
hour made it obvious that spectators
who had bought stocks yesterday We're
feeding the new demand with Juciclous
liberality. so as to renl!zc profits on yes.
tcrday's rise. and not disturb me new
level of values. The steady ana coniioelt
absorption of these offerings proved Nigh
~ satisfactory to the professional bnils.
and before the end of the first hour they
commenced 10 bid up prices again. ana
10 take on new lines of stock:
The market was good denl unsettled
/. by a sudden break of 4 points IN sugar
and the announcement OF me .iaiiule VI
The closing out of the accounts OF TINS
house unde- the rule OF the eScna1ls ~
caused pause in the speculative &C
tirity. though the shnres were wen ,I ao-
sorbed and prices we'll sustained. Inc
best prices of the day in the majority ,o1
stocks were made after this episode. tie
demand from the short interest becoming
eager and pressing for some of the stocks
which have been targets recently Tor the
bear operations. The frightened shorts
We're eager to cover and It cannot 1 De s iba
slirne placid confidence during the latter
part Of the day. They were disposed TO
avail themselves of the forced demand
from the shorts TO realize. and prices
yielded quite materially during the last
hour
The moxed sentiments thus manifested
were partly due to the facts disclosed by
the days incidents that an important
part of yesterdays lnTge buying was due
to the reckless and Incorporate attempt
to recoup bear losses by plunEing into n
lr,,- mr. ,,1,t inf a.
tors short Of the general market mad
made prodiEal outlay in Sugar, which
relupsed weakly in face of an effort TO
realize profits.
There was very heavy covering in evil
dence at various points in the list, the
industrial stocks recently under pressure
+ being most consoicuouS1y affected. Inc
Very heavy dealings in Brooklyn Transit
and part of the demand for Steel and
Wire We're attributed TO this cause
There was very large demands. however,
for Steel and Wire for the long account.
The sympathetic effect on other metal
stocks was less marked than yesterday
The aggressive strength seemed to i'm
press foreign markets. and invited some
small buying in demand from London.
Conspicuous strength was displayed by
the granEers, the conlers md some Of the
roads were much affected by the late
realizing and were nearly all reduced to
fractional limits after having extended
well above point =, IhIrd-Avenue -, ana q
S-s anu iSpuiS LII eiiie',S.
henvy in fnce of the general tendency of
the market.
The money market continued very easy
without rejecting in any degree the en-
larged stock market activity. and sterling
exchange was distinctly reactionary.
The bond market was active, but yield
ed at some points. Total sales, par rnlue,
S2.355. 900. United States SIS coupon de-
clined Ii and old As u in the bid price.
The total sales of stocks to-day We're
COZ 900 shares, including Atchison. 500:
90. preferred. $3.50; Chicago. Burlington
and Quincy. 1880; Manhattan, 1850;
ern. 5000: Reading first preferred. c3.2I0:
ST. Paul. 11.525; Southern Pacific, 2S,323;
Southern railway preferred. $3.50: Union
S1.55O: American Tobacco. solG0: Brook
lyn Rapid Transit, 1850: Colorado Fuel
and Iron, $3.50; Federal Steel, 24,34oi
Gas. $3.50: Sugar. III, $50; Leather, 5000;
Rock Island, 10,250.