The times. [volume] (Richmond, Va.) 1890-1903, 1901-02-02
FLUCTUATl ONS In
STOCKS WIDE
Market Displayed Strength in Every
Division.
CLOSE WAS VERY IRREGULAR.
profl.-TakinS Became Quite General
in tho Late Dealings, aud Material
Inroads Were Mndo on the
High Prices OF tho Day.
fsy Associated rress.)

NEW York;, Feb. lamentations in
the stock market to-day We're very pro
nounced in a number of cases, ana pro-
fcssional operators were successful IN re-
VIKING bullish interest practically as they
saw fit They reSorted to pa1pahle ma
nipula ton at times in order 10 acquire d
following. and after successfully pi1oliS
up a leading group reaiizcd on their ioio-
in.-s and began anew in another quarter
AS a result the market displayed at one
time or another pronounced strength IN
every division
To what extent, if any. the public
figured in to-day'S movements remains
conjectural. Reports of combination ,oi
various properties continued to be hearc,
thereby increasing interest in the MINOR
railroads. which assumed conSlocIapie
prominence in the days dealings I-att
in the day "A report was current that
Union Pacific had secured control OF the
Southern Pacific Railroad. No official
confirmation could be had OF the state
1ncnt but the fact that Union facihc
boiled for a time with the stock rlslilS
az, on transactions of $4,000 shares, was
sufficient in itself. according TO the views
OF the traders. as being authoritative
1t was admitted that a leading interest
in Southern Pacific had sold out to
svndicatc presumably representing Union
Pacific This announcement. coming Oh
top of the varied reports about impenoiIS
dividends. extraordinary earnings itue
combinations. and SO on, which were rile
excitement. and blocks of from 1,Vs to
::,skp shares changed hands. with as niue
hesitation as if they were fractloilai 1o,S.
AT the outset the improvements III
prices which gradually gained strength
was assisted by the range OF prices IRON
London. Foreign houses bought early.
but subsequently unloaded about 10000
shares of Southern Pacific That STOCK
STRENGTHENED somewhat after the London
selling had ceased. and was practlcaiiy
about the only issue which did not nave
a bull following During the general sell
ing toward the close 1t sagged TO 4o4'
compared with 49i4. the opening inquire.
a factor which was instrumental IN ad-
vancine the market to-day was the lack
of any gold cnga genents for to-morroWs
steamer to Europe The market Tor steF-
ling exchange was called easier this morn
ing demand bills selling at Si.Sl$s. Later
tae,- hardened to 81 S. and long bills ad-
ranced to S4.S4N. at which the| closed
The forecast of to-morrows bank state
1nent indicates gain III cash OF Sl.ooo-
coo exclusive of the probable addition to
this figure by Government disbursements
for interests. the Sub-Treasurv to-day
having a debit balance of S1.346,94O at
the clearinghouse on this account The
gold eXports-S333Si,op0 -thIs week were
entirely offset by the movement of money
from the interior. the net gain on this ac-
count being S...oi.:, 600
Recurring to the stock market, con-
spicuouS features at various times were
Coal. Atchison and Louisville. the. latter
being strengthened by. its excellent De-
cember earnings. Profit-taking became
quite general in the late dealings, and
material inroads We're made on the high
prices of the day in some stocks. On the
other hand, there were points Of renewed
strength and the market closed very ami
mated and irregular.
Important advances were noted in many
important bonds to-day, and exceptional
gains were made of Gig and Z points. re-
spectirely. in Peoria and Eastern incomes
and Central of Georgia incomes The alb
sorption of per cent bonds was enor-
nous. causing unusual activity in Iron
Mountain As. Wisconsin Central As, San
Antonio, Arkansas Pass and Southern Pa
cific IS. The transactions footed up the
exceptional figure OF S1,299.000 United
States SIS coupon declined Il per cent. on
the last call
To-days total sales of stocks were
! ,5J7. 703 shares.
MONEY AND ENCHANGE.-Money on
call steady at l1ad2 per cent; prime mer-
camille paper, :SlS04L per cent Sterling