Evening star., 1901-02-11
Stocks Opened Somewhat Irregularly,
but With Bullish Trend.
CONSIDERABLE ACTIVITY At CLOSE
Colorado Southern and the Steel
Issues Were F eatures.
GENERAL MARKET REPORTS
Special DISPATCH to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, February 11.-American
railway shares in the early London market
were dull and without special features.
Prices were u a q below closing of Satur-
day, and traders there were disposed to
await developments in the New York stock
market before making commitments in
- mericans." The feature of the London
market was-as was the case Saturday-the
continued attention paid to "Rands.''
In the local stock market the opening.
while fairly active, showed some irregulari-
ty in movement. although the majority Of
active issues displayed tendencies toward a
higher level. Owing to lower London prices
the international stocks showed hesitancy
at the start and in some of this group con-
cessions were made, extending TO q in
Union Pacific. This stock, however, rallied
smartly after the first few minutes of trad
ing, in sympathy with general upward ten
dency, and by the end of first quarter of an
hour 1t sold at slight net gain over Satur-
days final price.
The buying in the general list soon de-
veloped spirit and advances Of 19s occurred
III western Union and sugar stocks. The
former stock. 1t was said, is expected to
sell much higher. Colorado Southern was
another feature Of strength in the early
trading. The steel shares were also promi-
nent in the advance in expectation of an or
fcfal announcement Of the details of the
great steel deal. which is looked for any
day and Is almost certain to be given out
during the week.
At the end Of the first hour trading be-
came little less active than last week.
Still the speculation was on fairly large
scale and the tone of the general market
was strong, with some shifting of interest.
Baltimore and Ohio's issue Of SIS ,OOO, 900
debenture per cent ten-year bonds, notice
of which was given last week, seems to
have disturbed certain interests hitherto
bullish on the common stock of that COM
pany. The stock showed a tendency to
weakness, Notwithstanding reports pub
lfshed this morning of a net increase of
$1S0.746 for the month of January.
American Smelling and Refining stock
was one of the weakest features of the
market on rumors of hitch in negotia-
tions between two parties interested in the
property. The common stock opened with
a sale of 6,000 shares at 6012-a loss Of half
a point over Saturdays closing price-and
quickly declined to 561a heavy selling.
A rally afterward occurred Of points, but
the advance did not hold.
After the noon hour the market display
ed little more activity and strength. with
rallies in Atchson, Union Pacific, Sugar,
Western Union and Texas Pacific. Good
buying was reported in both Of the two last
named stocks, and conservative people are
looking for higher prices in both of these
properties.
London traded both ways in our market
it's transactions amounting to between
10000 and $4,000 shares in the general list,
though it was not factor
There was general rally in the market
in the late trading, with Union Pacific
issues and Sugar the strongest features of
speculation. Shelters was about the only
noteworthy exception, the stock of that
company selling off to about the lowest of
the day.
Money loaned at per cent, and bankers
generally agreed that loans will continue
easy.
The exchange will be closed tomorrow.