The times. [volume] (Richmond, Va.) 1890-1903, 1901-01-26
PRICES COVERED
A WIDE RANGE
Market Opened Depressed in Sym
pathy With Stocks.
PRICES HARDENED PROMPTLY.
There wcre Frequent Reactions
Wi,cncvcrs Speculative Support Was
Withdrawn. and Closing Was
Generally Below The Best.
~ Associated Pros,

NEW YORK. Jan. 25.-Priccs trayersed
q considerable range to-day from the
low level TO the top level, covering one
point Tor a large numper OF STOCKS ana
ranging from = 10 about BE for some OF
the most prominent and most active IN
The list. The number OF stocks. which
1T any time got point away from last
nights level in either direction WAS
small. however.
The early decline in prices was assist
ed biz IIondon's disposition TO sell AIneri-
can stocks The New York market open
ed depressed in sympathy, and weakness
WAS rather acute in some cases. notably
in ST Paul and Brooklyn Transit These
stocks later in the day led the advance,
SO that their extreme range was wide.
St PAIL rising Rs from the lowest and
closing at the top. while Brooklyn Tran
sit advanced an extreme 23s.
The decline invited some buying to sup
port prices and the market hardened
promptly. There We're frequent reactions
during the day Whenever speculative
support was Withdrawn. prices were in
cIincd to slip back. The most notable
movement of the day was that of the
Southwestcrns. which followed show of
firrnness for several days past in Kan
SaS and Texas preferred There was also
very heavy absorption OF the bonds of
The ST Louis Southwestern Company and
Missouri Kansas and Texas Company
this morning before the rise in these
stocks was iuausurated.
The advance in the group reached 3is
in Missouri. Kansas and Texas preferred.
IA in the common and about points
each in the ST. Louis Southwestern
stocks Wabash preferred, Texas and
Pacific and Missouri Pacific. This rise
apparently is attributable 10 published
earnings and renewed consolidation talk.
The steel stocks show good net gains.
Sugar also showed decided Improvement.
Northern Pacific rallied ois after an early
depression and there Were \ numrer Of
less prominent railroads which showed
good recoveries.
The closing, however. was below The
best except in i few stocks. notably st.
Paul and the Southwesterns. Brooklyn
Transit was feverish all day. and broke
sharply after considerable advance
when the list OF directors was made to
show the presence of metropolitan Rail
way interests. The feature was the de-
cline from the recent high level and the
necessity for persistent manipulation to
secure a movement Of prices. This is the
natural result of the large elimination of
The speculative accounts from the market.
The market: has driftcd during the week
more and more into professional hands.
The preliminary figures OF the weeks
be shown in to-inorrow'S bank statement,
which viii probably reach over $4,000 Goo.
The large demand for ST Louis South
western seconds WIS the inception of an
active buyinG movement of bonds of all
the Gould SoEthweSterns at notable adj
rances in prices. The general market was
firm. but quiet. Total sales. par value,
S:,.92,, o0a. United States 3's coupon adj
vanced * per cent on the last call.
Total sales Of stocks to-day wre CSC, 400
shares.