The times. [volume] (Richmond, Va.) 1890-1903, 1901-03-13
STOCK MARKET
QUITE SPOTTY
Operations Confined Largely to the
Professionals.
MUCH REALIZING IN PROGRESS.
The Result Of This is Seen in the Net Losses
Here ard There Prevailing, Some Of
Them in Important Stocks-Ronds
Active and Generally Firm.
MUCH REALIZING IN PROGRESS.
CRr Associated rrcss.)

NEW YORK, March 1.-THE stock
market continued sDoty, to-day and
largely made uy of the operations Of pro-
1essionai traders in Individual stocks.
Many OF these operations were based ON
causes peculiar to the stocks affected, and
traders rrofcsscd TO be following the
leadership OF insiders in the stock III their
buying. However tins may be. ii was evil
dent that purely speculative operations
played Il large part III the day $ dealings,
as realizing sales came into evidence IN
every case where a considerable advance
VAS made, resulting in sharp declines.
There was more or less realizing going
on all day. The sustaining influence OF the
strength in special stocks being awaited
OF TO take profits in the general list. The
result Of this is seen in the net losses pre-
NaiiinS here and there, some OF them in
important stocks. The principal feature
OF the news of The day was the excellent
traffic returns OF the railroads. Espe-
Claiiy the southwestern railroads, The
DitEfniilouS coal-cari'ying roads and some
OF the southern roads showed large in
crease IN their gross earnings over those
OF the corresponding week OF last year.
The session OF the miners convention
was perhaps the cause OF the duiineSS and
slight heavinesS in the anthracite coal
group. although confidence was expressed
That no strike was 10 be feared The
continued low rate for call loans ncu-
IIalized the effect of the depletion of the
cash reserves ot the banks by reason Of
5hc drain To the Suh-Treasury and the
growing demands from the interior The
heavy decline in cotton exports helps to
explain The recent firInncss OF sterling
exchange. y number of The important
movements OF the day We're in the stocks
al minor railroad companies and rumor
was busy with stories OF projected con-
solicitations 10 account for these advances.
The Hartman syndicate figured in these
ruRol:S as the active agent i'll many of
The alleged consultations
This was true of The Toledo ST Louis
and Western stocks. the common rising
=
iowa Central stocks, the common OF
which rose "a and the preferred 5'S. St.
Louis and San Francisco first preferred
advanced :. the second preferred "a and
the common +&S on persistent stories of
refundinG projects or Of absorption into
a consolidation of the Gould southwestern
roads. The upward movement III Penn
syiVania was apparently prompted by the
annual meeting anu the reports made to
stockholders.
The stocks of express companies. which
have been dormant. advanced sharply
over the last quotation. American EX
press rising :; and losing it. United States
Express 81. and Adams Express AZ. The
strength in Tobacco was due in d belief
I'm benefits to accrue from decreased
taxes. The closing was considerably IN
settled by profjt-tahinE.
The railroad bond market continued ac
tive and generally firm. but some of the
less active bonds yielded to some extent.