The times. [volume] (Richmond, Va.) 1890-1903, 1900-02-06
STOCK MARKET
CLOSED STRONG.
Upward Movements in Prices Were
Easily Achieved.
BOND MARKET WAS IRREGULAR
Tho Speculative Sentiment Showed 1t
self Ready to I;cspond to Any New
Developments There Was
Some Profit Taking.

NEW YORK, Feb 5.-Thc stock mar
ket was subjected to notable process
of digestion to-day. and came through
the ordca! remarkably well. Stocks which
We're leaders in activity and strength dur
Ing the movement of last week were
heavily sold to take profits. The Pro'it-
taking was met by so considerable an
outside demand that offerings were abb
sorbcd with little difficulty, and without
any material concession in price oeihs
made necessary Indeed. any approach
in prices TO Saturdays level resulted in
notable hardening i'll the market. !ie
surface becoming practically un!ieiuiiiS
at Saturdays level.
Offerings Of stocks fell to minimum,
and buyers TO secure stocks We're obilSeu
to raise their bids TO point 10 yleid
profits to the sellers on their last week
purchases. While professional operators
We're thus taking profits at some points
in the list they were replacing their FUNDS
in other stocks which had not moved last
week. or in which the movement hao
been only inaugurated. Ihus, WIN lIau,
ing proceeding on an acuFe Scaie anu
the movement of prices taking on cor-
siderable degree of irregularity, the mar
ket presented all the characterlSucS OF
true bull movement.
Upward movements in prices were easily
achieved, and the speculative sentiment
showed itself ready TO respond to any
new developments. Thus number of
railroad stocks responded quickly ana
emphaucally to returns OF earnings lot
the fourth week in January, showing
large increases over the high level OF last
year The leaders Of the railroad list
were the Norfolk and Western stocks. the
fourth weeks statement showing an IN
crease of S1222.354 over last year. AS TINS
is one OF the roads which. by reason Oh
ip,,c
the current rate of operating expenses
the showing was doubly effective.
The common stock advanced SIS and the
preferred ~. Louisville. ST. Louis and
San Francisco: Denver and Rio GRANGE,
and number of other railroads respond
ed TO good statements of earnings. st.
Paul and Burlington showed renewed
strength on reports OF an improvements
In the movement of grain over western
lines, IN addition to the extraordinary
movement Of general merchandise
The iron and steel stocks continued very
prominent. and the leadership here was
shifted also under the influence of real
izing in American Steel and Wire ana
some others The new leader of the group
was National Steel, which was very heaV7-
lily bought on floating reports or enormous
earnings for the past year to be SHOWN
by the Forthcoming report Reports OF
a similar kind have been unheeded LOT
months past In Wall street, but .o-day
the stock shot up under their influence
-
metal group closely allied by idenutE
of ownership moved in close sympathy.
american Hoop and Tin Plate are in TINS
class Republic Iron and Steel and the
Smelling stocks We're also strong. Inc
market closed active and strong at me
oest prices for many. Stocks
The bond market was Irregular and not
SO active as of late. Total sales. par
value S2,T0S,o 900. United States old As.
new SIS and 5's advanced Il in the bid
price.
Total sales of stocks to-day were l0o.-
800 shares. including Atchison preferred,
1874: Baltimore and Ohio, 2c,SG0: Bur
lington and Quincy. 1000: Rock Island,
Manhattan. $3.50; Metropolitan Street
railway. 6,9o0; Missouri Pacific. 100;
New York Central. G.500: Norfolk and
Western, G.4JO; Norfolk and Western pre-
ferred. 1o.o35; Northern Pacific ll.s3o;
Ontario and Western. 500: Reading first
preferred, 10.10O: ST. Paul. loo; South
ern Pacific. 4S.17o: Southern railway pre-
ferred. 6:4o0: Union Pacific. 1850; Amer
Jean Steel and Refining, 10,3GO; American
Steel Hoop, $500: American Steel and
Wire. 1910: American Tin Plate. ESQ;
American Tobacco. Polio: Brooklyn
Rapid Transit, 1860; Federal Steel. 10
o45; National Steel, 29,135: Gas, 1,02o: SUI
gar. G0.G75: Tennessee Coal and IRON;
9,53J; Leather, $50; Repubhc IRON anu
Steel. 1888.
MONEY AND ENCHANGE.-Mon on
call steady at 2Gch per cent; last loan
AIS per cent Sterling exchange firm.
with actual business in bankers bills at
S4.S7EI4. S74 for demand and at S4.S4A@
4.S41I for sixty days: posted rates. S1.So
and 81; ssh; commercial bills, s4.S$.a4. 81.
Bar silver. co; Mexican dollars. 471H; sill
yer certificates. 591IG601h. Government
bonds strong: State bonds inactive; rail-
road bonds firm.