The times. [volume] (Washington [D.C.]) 1897-1901, 1901-02-16

NEW YORK, Feb. 15.-The only striking
feature of today's market was the materi-
al falling away in activity. Price move
ments were limited and Irregular with n
general sagging tendency. There were a
number Of exceptions to the general d. lift
of prices, but they were chiefly among
the specialties.
The market opened steady, being favor
ably influenced by the tone of the Lend IN
stock market, and by the disposition of
the dealings here for foreign account,
which en- balance resulted in the purchase
of about 25,0G0 shares of stocks. Suisse
quently, and. without any direct explain
alton, apart from technical causes, a re-
dictionary tendency developed, but the re-
sultant declines were for the most part
very limited. The trading did not de-
velop any of the sensational dealings of
yesterday.
Apart from the expectations of an early
announcement of the contamination of the
steel trade negotiations, there was little
that excited discussion. Probably TO a
great extent the tendencies of the market
were largely Influenced by the general eX-
pctations that tomorrow's bank statement
will be another unfayorable showing, ow
ing to the losses to the banks III their
transactions with the Sub-Treasury, and
the probable further expansion in the
loan account.
The money market however, continued
extremely easy, Notwithstanding which
fact sterling exchange was again heavy.
There were few interesting statements of
railway traffic submitted, and the days
other routine news and deyelopmen ts
were meagre.
Notwithstanding the comparative dull
ness of the market, interest continued
fairly well diversified.
The noted exceptions to the generally
sagging tendency were furnished by Della
ware and Hudson, New York Central. and
Norfolk and Western, among the railway
list, the London buying being particularly
heavy in the last named stock. Among the
so-ealled speciaities, General Electric
scored a further advance and North
American also rose rapidly on large trans
actions
On the other hand, Amalgamated Cop
per and Anaconda Mining were decidedly
weak, a circumstance which was probably
not without influence in shaping the days
speculative sentiment. The industrial
quarter, for the most part, moved in line
with the remainder of the market
Inc btttI iIQuSNTldiS were hot paTtlCu-
larry active, Notwithstanding the notions
entertained regarding the steel trade ne
gotiations. Both Continental Tobacco and
American Tobacco broke rapidly in the
forenoon on reports questioning the prob
ability Of the passage of the tariff re-
vision act, but the first named subse-
quently enjoyed a sharp rally. The deal
ings in Sugar Refining were very active,
and the stock appeared to be under ma
terial pressure, chiefly because of the an
nouncement Of the contemplated eonstruc-
lion OF an opposition company in Philadel-
phia-
The dealings in bonds contracted along
with the activity IL the stock market, but
the tone of that department of the market
was uniformly steady. There WAS special
activity in the Missouri, Kansas and Texas
issues, in Southern Pacific tours, and in
the newly listed Toledo, St. Louis, and
Western bonds.
The stock market became much more
animated with the course Of the day, and
some material advances followed. Con-
sptcuous features were Burlington and
Quincy and Evansville and Terre Haute.