The times. [volume] (Richmond, Va.) 1890-1903, 1902-02-28
STOCK MARKET
WAS SLUGGISH.
Unsettled State of Securities
Company Accounts for 1t,
MORE COLD FOR EXPORT
Continuance of This Will Undoubtedly Cause
Higher aioney Ra,e-More Prom
inent Stocks Dealt in Than
for Some Time.
fRr Associated aoress.i


NEW YORK. Feb 1.-THE most active
stocks in to-day's market was among
thosa better known torthe average specu-
lator than those which have occupied the
greatest attention for several days. but
the obscure specialtieS still had a large
part III the market, particularly in the
width of their price movements. Some
new ones were brought forward into ac-
tisity to-day and were pushed Smartly
upward. and advances continued IN some
others recently awakened into activity.
Still others reflected the paSSa sc of the
speculative movement and the taking Of
profits, after which The market support
was withdrawn and the price was allowed
10 take its own course. The very large
tnd persistent buying of Colorado and
Southern gives color TO the rumors that
control of the road is sought. The admls-
sion of Chicago and Eastern Illinois IN
tercSts to the directory of the Evansville
and I'eITe Baute is accepted rs confirnla-
ton of reports recently current of a con-
solidation. With these two received eX-
amDles as a basis. rumors of many other
absorptionS and consultations of minor
railroad systems received ready credencc.
In the more important stocks. there was
a resumption of Tuesdays rise in Brook
Ign Rapid Transit on buying attributed 10
inside interest. but without explanation
Chesapeake and Ohio and Norfolk and
Western were lifted on the reports of
the extraordinary demand for hltuminous
coal. There was support from inside
sources for Missouri Pacific, but the large
liquidation continued IN that STOCK. sup
posed TO be the result of the recent death
Of a large holder Amalgamated Copper
and Tennessee Coal We're active but IT.
regular, but both of these stocks ended
the day unchanged. The market as a
whole continued sluggish and neglected
The dubious condition in which the
Northern Securities Company is kept by
the pending litigation against 1t and the
uncertainties of the money outlook are
amply sufficient TO account for TINS state
of affairs. The consultations now gong
on between those interested in the North
crn Securities Company and the TACT that
some banks are inclincd 10 question the
offering of Northern Securities stock as
collateral aCCcntuate this feeling Inc
export to-day of $3,500.0D0 in gold afforded
no apparent relief to the exchange mar
l5ct indicating that the gold went 10 meet
maturing obligations abroad and that no
exchange bills were sold against Ii. Al
though no effect resulted in the New York
money market, the continuance Of such
forces will cause higher money rates
without fail.
wabash debenture BIS continued 10
oversbadow the bond market, but they
lost most of their gain in the late deal
ings. Total sales, par value, %i,io3,oD.
United States IS advanced Il per cent.
on the last call.
The total sales of stocks for the day
were 1890 shares.
MONEY AND ExCTIANGE-Moncy on call
closed steady ut 2m21. per cent: prime mcr-
camille paper. 4G4& per cent Sterling eA.
change steady with actual business in bankers
tlIls mt Si.ST3, for demand and at Sa.S5iS a
d S5I{ for sixty days: posted rates. St.S6 and
s.. $685.: commercial bills. Si.S48 @4.S5A. Bar
silver !tJIS: Mexican dollars 43"9. Government
bonds firm: State bonds, inactive; railroad
bonds, steady.
sToCK QUOTATIONS.
Ypru,,hca by Mcssrs. SCOTT d sTRINGFELow,
Members New York Stock Exchange.
ION account OF continued Interruptions