The St. Louis Republic., 1901-02-10
TRADING QUITE ACTIVE
IN NEW YORK MARKET.
STOCKS SHOWED INCREASED
ANIMATION.
Sugar Refining Advanced Early
Unusual Activity in United
States Leather.
REPUBLIC SPECIAL

REPUBLIC SPECIAL
New York, Feb. 9-The dealings In this
mornings stock market continued in large
volume and the tone Of the market was
somewhat irregular. Union Pacific common
and st. Paul reflected pressure. while Bur
lington and Quincy and Northern Pacific
were fairly steady. The course Of the two
last-named stocks did not. however, seem to
be Influenced by this mornings stories Of an
alliance between the two systems. The
Wabash issues. which were again heavily
dealt in. were somewhat reactionary on
profit-realizing sales. doubtless induced by
the absence of any confirmation Of the re-
cent rumors linking the Wabash property
with the Lackawanna Railroad
Among the 1ower-priced issues the Colo
rado Southwestern shares were very strong
The Southern Railway stocks were particu-
larry strong and Louisville and Nashville
was firm. The industrial quarter. while
rather less active than Of late. was nrm, tho
steel stocks advancing In anticipation of the
expected formal announcement OF the me-
EQUATIONS Affecting those properties SUGAR
renning advanced rapidly in the early deal
ings. but did not retain all Of fits rise. The
ouying OF the stock seemed to be to some
eH.ent IN anticipation of some favorable
action on the dividend next month.
There was unusual activity in United
states Leather common and preferred AZ
advancing prices. The local traction issues
were again almost wholly neglected. 90 far
as could be ascertained. there was no par
cf novelg sss
,nents In the stocks cited. The trading AT
,.r n,se appeared to reflect a general closing
az the close OF the week.
Ine LONDON market for American stocks
showed small and irregular changes. and
not upon a sufficient scale 10 sfYect fbs
market materially. At the same time the
london market for home securities was
in money there and on ON the s srowtn e1
peiief that negotiations are on foot lookine
to bringing the war in South Africa to an
early conclusion.
The bank statement showed a decrease
n surplus reserves Of 3l76o00. which los
Ieduces the banks cash holdings in ex-
cess Of the lawful requirements TO *. So :
600. The gain in actual cash was much
smaller than had been reckoned upon. the
amount being only s.. $4,000 This, toSetber
to neIeaa IN sne b1 loan "a
large rise in this last item explained the
noted ehrfnkage in surplus reserves.
~.rne.,, Tne increass @ In the loan account was
creased stock exchange operations OF the
week and also the progress of the several
great transactions now and recently un-
der way In the steel trade and the railway
world e
The stock market closed strong and with
quarter, the. trading being altogether un-
affected by the showing made in the bank
statement. The Atchlson issues were no
stock advancing with special rapidity on
reports that a dividend will soon be de-
ciared upon the stock. Western Union was
also q conspicuous feature OF the tra,iino
and the steel stocks developed Increasing
animation toward the close of businees'
There was no essential change In other
quarters Of the market