The times. [volume] (Richmond, Va.) 1890-1903, 1901-02-10
STOCK MARKET
FAIRLY ACTIVE
There Was Liberal Realizing Under
Cover CT Upward Movement
STEEL STOCKS WERE IRREGULAR
Eond Market Was Unpreccdcmtcdls
Active and Prices Have advahccd
stc.diiy-The Local and To-
bacco hi.riStts
STEEL STOCKS WERE IRREGULAR
lEE Assocsatca rress.,

Wy aASSpts1ttS 4 -eSSD
NEW YORK. Feb. 9.-Io-day's stock
market WAS Tree from sensational i.osS-
1Icnts, but WAS Ialcly acuNe- II Vas .Sl-
orai that IeaiIzluS was gong on on q
liberal scale, especially III tile 4hsh-S4 az
railroad stocks, unGcr cover OF tiS ~
ward movement ia some OF the very
low-priced stocks il botn lhe raiifoau anu anu
industrial lists. Among the cahGlaales
Tor FAVOR in TINS direction we're Stahoatu
Rope Leather, Mexican -NailoHsi aii4
some other STOCKS OF q similar grace
which showed continuance OF yesterday
strength
Advances in Sugar. Tobacco and Cen
eral Electric also helped 10 sustain the
market AtchiSon was nrln all day, and
in The last five minutes was suddenly run
up to .,GI3 at the same time that Union
Pacific preferred was sold down Sharply
10 81.
pushed up Ga. but reacted 2l2, and Louis
VILE and Missouri Pacific were rather
firm. The steel stocks moved rather mar
ruwly and were irregular.
Spectators in these stocks seemed IN
disposed to await the expected autho-
,izcG announcement of the reported plan
for adjustment of control IN the steel
trade before making further commit
Inents. The bank statement brought some
further selling upon the market but Wig
ornus support was forthcoming, ana no
further serious inroadS were made upon
prices The further large impairment OF
and the probability that the steel deal IS
vet TO be provided for undoubtedly some
what chilled speculative enthusiasm. but
the bears were narifestly tinlid about
attacking, the market, i'll view OF the I'M
portant possibilities Of further great
financial projects
This weeks Increase OF S25.4S1.20o in
the outstanding loans and discounts of
the banks bringing the total loan eNpan-
sion for the last four weeks up to SSI.-
e-,7 Gee which is far in excess of any
previous increase in the same length OF
lime in tho history of the clearing house.
The soothing assurances given ont by
some of the PRINCIPALS in the pending
steel negotiations of the certainty t1dt
this vast project can be carried out with
cr1t = Ijr,pIa in the money market, do not
carry universal conviction. in face OF
these figures OF the results OF tn" less M
portant railroad deals which nave bech
carried through.
The tendency of The money market
which is thus indicated lessons the proba-
bilitv that American subscriptions TO IN"
new British loan viii be large. 1o,daN
SliI-TreaSury statement reflects the re-
CENTS 1y the Government OF . check Tor
nearly So. 0G0 GOO in payment OF note OF
The Central Pacific Railroad TO the Gov
crnnent 1t is probable. also. that the
demand for mone. in the interior VIII
show some growth from TINS Ilhe on
with the opening of spring trade.
The railroad bond market has been al
most unprecedentedly active ana prices
have advanced more Ste&dliE !Ildii t4'SS
Of stscl1s I.ow-2Tadc speculative or
serni-speculative bonds have been IN large
demand. United States refundlnS de-
clined Is and The is advanced a per cent
over the call price of a week.
The total sales of stocks To-Day We're
6SS,900 shares
MONEY. AND ExCHANGE.--Mon on
call nominal: prime mercantile paper
:flsi4 pei. cent Sterling exchange noIni.
r5l. with actual business in bankers
bills .,t 81 $50. SIS for demand and at
81 S474 for sixty days; posted rates; 800
al ST. and Sl.SSls6 50: commerelai LIilS rs
81. S.a,714S41i. Silver certificates 6l 41If
i,ar silver. G1ls; Mexican dollars ] q.
STATE bonds inactive: railroad hohos
irregular: Government bonds STEADY.
WEEKLY BANF. STATEMENT. THE
weekly statement O. averages OF the AS
eaciated Banks shF KS:
Loans $50. .S9. 400: inc. ,4Sl 100
I5eposits. 1901 5J3, 300; inc. ----- 24,0.o 40
circulation. S.jl 2&l, 300: dec. S..2t1
Legal tenders, 1l2o,'0G' dec i',i.-s2 ~
Specie. $195. $50, 100; inc 100 30, ~" ~
Total reserve, S2iiS, on. 100; me. 4'"'-'7Vo
Reserve required. $24s,G4S,4'9' ,,,oo
inc...... ..------ 'ih''4VV
Surplus reserve %-v ......-. 4,476 200