Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-02-01
AFTER SOUTHERN PACIFIC,
Il Was The Chief Point Of Attack and Sold
Down Below Opening Figure.
London FavorabIy Influenced by
Strength ofAmsrlcans, and Some
Stocks Opened Higher

New York, Feb. l.--London was fa.
vorably influenced by the demonstra'
ton Of strength here yesterday, and
prices OF Americans were accordingly
advanced all round, extending TO one
point In st. Paul. Local operators
were encouraged by the attitude Of the
foreign dealings and at the opening
some stocks were materially above yes
terday's final prices, The first trans
actions In Southern railway and South
ern Pacific were 5000 and 5000 shares
respectively al fractional improve.
ments. The latter. after touching 49a,
reacted half on heavy selling ST.
Paul and Missouri Pacific gained q
point, while Mobile Ohio forged up ~
to II. b. & o. ran up quickly on few
transactions to 90. Some Of the speci-
alties were lifted sharply. including
Sugar Brooklyn Transit, and Tennessee
Coal.
General profit taking occurred In
stocks which had made the most pro-
gress upward at the opening, causing
reactions OF from to rs in Sugar, 81.
Paul, b. 4 O., Missouri Pacific and
Southern Pacific The pressure against
Southern Pacific was unusually severe,
enormous blocks being unloaded and
the price yielding TO AN. The decline
In the general market brought some
stocks below yesterdays final prices.
Despite the weakness OF these proper
ties, efforts were made 10 advance some
OF the low priced stocks and Chicago
and Alton, United States Rubber, Read
ing, second preferred Pacific Mail and
Mexican Central improved ! q III. A
subsequent rally TO over l.3i In Sugar
and a rise of Ia and III respectively
In Brooklyn Transit and Jersey Central
did not reduce the pressure against the
active stocks.
Except for a few of the low priced
stocks which are now commanding UNI
usual attention, the tendency during
the second hour was downward, South
ern Pacific continued the chief point
of attack and sold down 10 AIS, com
pared with 49A, the opening figure. The
failure OF the general market TO benefit
by the upward movement In Sugar and
the fractions influenced more general
short selling by some traders Chica-
go. Great Western, Reading and Chi
cago, Indianapolis and Louisville were
absorbed heavily and gained l9fm.
ST. Paul was marked up to l.52& In
an effort 10 stimulate demand for the
standard railroad stocks. Meanwhile
the Iron and Steel issues extended their
rise considerably but the general rail-
road list continued 10 lag. Toward the
close there was q sensational advance
in Union Pacific 10 SOS, as against S4'k,
Yesterdays closing. The buoyoncy OF
this stock was utilized to cover profit
taking elsewhere. prices declining all
around. In the final dealings Union
Pacific reacted two points, but there
was renewed buying OF some OF the low |
priced stocks and some steel ISSUES The
market closed active and irregular.
The bond market was very active |
and strong. Central OF Georgia hrst
incomes rose four points.
CLOSING STOCKS.
New York. Feb. i.--closing stocks;
Atchison. 90; Atchison, preferred So; |
A. :. & W., ass; A. s. & W, preferred |
ssh: American Tobacco, ll5n Ameri. |
can Tin Plate. IS; American Steel |
Hoop. 2S. American Steel Hoop. pre-.
ferred, "a; American Smelling, 59S b.
X. T.. q; b. e. O., son b. & O., pre-.
ferred. SEA; c. b. & O., 1854; c. c. C., |
1as; {. F. & l., isA; c. @. w. 1917
Cont Tob.. Is; c. & o.. se% c. 4 A.,
2sh; G. & A., preferred, 74S; ID. e. r.,
lsh ID. & H., 15e Federal steel. 4sx
Steel. preferred, IS; Gen. Elec.,
1907; Glucose. 4gis: Illinois Central
Ig5a. Jersey Central, 1883; l.. 4 N. e0a
Leather. lSA Leather. preferred. IAN
NJ X. T., preferred. 50: Manhattan. III
9ac., SIN; Northern Pac,. s2ls; North.
I'm Pacific, preferred. ssh; New York
CENTRAL. li3s.: Pennsylvania, 1861; Pa
life Mail. AZ; Pullman. 2ol*;- Peoples
sas. l.0l: Reading. 80; Reading, first
,referfse, in; Reading. second pre-
erred, s2A: Rock Island. l2sh Rubber,