The daily morning journal and courier., 1901-01-26
1IiE STOCK M4RKET.
Prices Traverse n Considerable Ran

l | New York, Jan. 25.--Prices traversed | considerable range to-day from the
 low level to the top level, covering a | large number of stocks and ranging from ? to about 1-2 for some of the
 most prominent and most active in the list. The early decline in prices was
 assisted by London's disposition to sell l American stocks which had established declines ranging up to nearly a point i in some of the American stocks before | the opening here The New York mar ket opened depressed in sympathy, and | the weakness was rather acute in some cases, notably in St. Paul and Brook | lyn Transit. These stocks later ill the day led the advance, so that their ex- l treme range was wide, St. Paul rising ! 3 5-S from the lowest, and closing at | the top while Brooklyn Transit ad- vanced 2 5-S. This mornings decline
 coming on top of that of yesterday in-
 vited some buying to support prices
 and the market hardened pretty
 promptly after the opening dip The
 movement was desultory, however, There were frequent reactions during
 the day and whenever speculative sup
 port was withdrawn prices were in~
 clined to slip back. The most notable
 movement of the day was that of the
 Southwesterns, which followed show
 of frmness for several days past in
 Kansas and Texas preferred. There
 was also very heavy absorption of the
 bonds of the St Louis Southwestern
 I
 Texas company this morning before the
 rise in the stocks was inaugurated The
 advance in the group reached 3 7-S in
 Missouri, Kansas and Texas preferred, { 2 IA in the common and about points
 each in the St Louis Southwestern
 stocqs, Wabash preferred, Texas and
 Pacific and Missouri Pacific. There
 was no news to explain the rise beyond l the favorable showing of earnings for
 several members of the group publish
 ed during the day. The steel stocks
 were inclined to strength all day and show good net gains. Sugar also show
 ed decided improvement. Northern Pa | cific rallied 1-2 after an early depres-
 sion, and a number of less prominent
 railroads showed good recoveries. The
 gains were not well maintained and ! the closing was below the best except in a few stocks, notably St. Paul and | the Southwesterns. Brooklyn Transit ! was feverish all day and broke sharp i ly after considerable advance when i the list of directors elected by the stockholders was published, as it failed ! to show the presence of the Metropoli- 1 tan Street Railway interests in the new | directory, which have been much prom | ised by Wall street gossip. The most 1 notable feature of the days market was the decided decline in activity from the
 recent high level and the necessity for
 persistent manipulation to secure q 1 movement of prices. This IS the nat ural result of the large elimination of
 Speculative accounts from the market, | caused by last weeks considerable re- action and this weeks rebound. The market has drifted during the week more and more into professional hands.
 The preliminary figures of the weeks movement of cash insure another gain to be shown in to-morrow's bank state ment which will probably reach over
 $4, 000, 900 on account of the direct ex-
 press movement from the interior, in spite of the gold export of $4,000,000 which almost exactly wiped out the gain by the banks on sub-treasury operations.
 The large demand for St. Louis South western Ends was the inception of an active buying movement of bonds Of all
 the Gould Southwesterns at notable ad- vances in price. The general market was firm but quiet Total sales par value $5 ,925,000
 United States threes coupon advanced 5-S per cent on the last call.
 NEU YORK STOCK MiRkE ET. Opening, Highest, Lowest 0uot"tions On the New York Stock Exchange, reported by Prince X Whitely, Brokers, 10 Center Street, New Haven.