Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-01-08
Heavy Realizing Made Prices of
Stocks Very Irregular.
LONDON SOLD ON This side
The Railroad Shares Were Sold
for Both Accounts.
GENERAL MARKET REPORTS


Special Dispatch to The Evening Star.
NEW YORK. January S.-Realizing sales
were resumed this morning on a large
scale and an irregular price level is shown
in consequence. London was seller and
sent over lower range of prices for nearly
all the active issues. 1t Is believed that
any lack of buoyancy In the American de-
partment at that center would lead to Il
revival of the recently expressed gloom over
domestic monetary conditions.
The New York banks are gaining rapidly
In cash from the subtreasury and the inte-
rior. and the money market is again in
harmony with the speculative position of
the large traders. There Is little concern
as to the future Of the money market, but
the danger of OVERRIDING has inspired I'M
usual caution in commission house circles
and even among the leaders themselves
Rumors of a more comprehensive deal
than than any yet recorded are In circula-
ton. but the bank interest most conspicu-
Gus in those already announced refuse to
confirm the new reports
In fact details of the transactions now
being closed are kept secret. and there is a
manifest effort to discourage further sharp
rises in the market. In handling big under
tak1ngs. 1t is necessary to guard against
the mlshaps which may attend too big
following. 1t Is not improbable therefore,
that yesterdays two and quarter million
shares will stand as the record of ex-
change for a considerable time and that
more conservative methods will follow
Inc selling today was especially effective
IN the granger stocks. Burlington being
sold by both accounts. The rUmor of a
consolidation with Union Pacific was less
In evidence and lacked confirmation Rock
Island and St. Paul, and even the Atchi-
sons. declined under heavy selling during
the early afternoon.
The coal shares were decidedly irregular
Delaware and Hudson declining at one time
under profit-taking and then advancing !,
per cent under moderate dealings The lat
est belief Is that Delaware and Hudson
Lackawanna and Ontario and Western are
TO be brought into one harmonious coal
line The movement in the coal roads should
shortly extend to those in the soft-coal re-
slon and some quiet buying of the latter
properties is said to be in progress
The Traction shares are we'll taken on all
declines and mysterious developments are
nlnt'd at IN many quarters. Manhattan en-
joys lease rumor, but also has a following
who profess to believe that the change In
motive power and the apple ton OF mod
ern methods will restore its Old prices with
out a deal of any sort.
The steel stocks do not show any buov
ancy and refuse to confirm the popular view
that they are coming logically to the front
as leaders. Federal Steel dividend will be
the keynote of any new activity in this
group. and another week should decide the
uues ton.
declines by so-called inside interests and
Southern Pacific is accorded similar COM
ment. So far as today's actions go, IL is
manifest that higher prices are not imme-
diately desirable, no matter what opposi-
ton there may be to materially lower ones