The times. [volume] (Richmond, Va.) 1890-1903, 1902-02-15
Level Established Substantially
Above That of Day Before.
MARKET BECAME UNSTEADY
Dealings in Colorado Southern We're On a
Large Scale, aud Rumor is That
There is Contest for Con-
troll Going On.
&c AssnciaIcl 1,rcss.l

NEW YORK, Feb. 1.-THE reaction
market continued this morning, but was
checked during the Gay and n level OF
prices was established substantially
steady again and closed rather heavy.
The question OF a tax on stocks as col
lateral for call loans seemed TO play an
effective part in the days dealings. yes
apparently responsible for the weakness
OF The market this morning. Later re-
ports that the question was stu open TO
construction We're followed by the rally
in the market. The special stocks which
led inc recovery We're apparently moved
by individual causes. The dealings IN
heavy scale. The preferred stocks were
also strong. The rumor in the street TO
account for the movement is that compc-
tition for control of tho road is gong on,
probably between Union Pacific and the
Gould interests. The strength of Sugar
was due 10 the decision 10 take. up the
Cuban reciprocity question Iii Congress
after the war tax reduction measure is
out of the way. Baltimore and Ohio
was in very active demand and more than
recovered its seni-annual dividend OF
l,el. cent which came off this morning.
Brooklyn Transit made a notable recov-
cry from Yesterdays depression and Man
haitian was strong in sympathy. but Me
tropolitan Street Railway fell away over
Il point at the last No public announce
ncnt had been made IN the street Oh the
Netropolitans readlustnent pan
The Chicago and GrcaI Western stocks
rose from ] to . points on reports that
The company had acquired the 81. Joseph
and Grand Island. Southern Halfway pre-
fcrred rose on the belief that il is to be
nlaced on q ; per cent dividend DaSiS.
The advance in Southern Pacific was also
resumed for over a point A1nalgamated
Copper was the leader of the SpeclaiueS
in point of activity and dropped Us at
one time THE Gloucose stocks lost "a
each. Some OF the minor stocks, winch
have recently advanced. suffered pariicu-
la1,lv from profit-taking in the morning.
burlington Cedar Rapids and Northern
Jumped six points on two TRANSACTIONS
AS there have been no gold exports this
week. the gain in cash on the interior
movement and on sub-TreaSurv opera
lions is expected to be rully reflected in
to-lnorrows bank statement the 2rospec-
tive gain being over S2000,G00 The gen
cral expectation is for a further loan eX-
pansion
mcnt of prices was Irregular Total
sales par, vale. SS.545 600. United States
bonds were all unchanged on the last call.
The total sales of stocks today We're
Col 900 shares.
MONEY. AND EXCHANGE Money on 6 c n,
1sner, 4mIi. per cent. Sterling exchange
STEADY with actual business in bankers bills at
S4STi4 fnr demand aud ut SiSi% "a 4%t Tor
s,lxts days: posted rates. $3.50 ana %3.SS'
commercial bills Si.S%!s @i.S4 IS Bar silver:
BOG: Mexican dollars, i5si GoverpIn sdd
bonds, irregular.
Total bank clearinGs week ending February
-. 81 OPS .a2l G62: decrease. IL per cent. out
side New York, $To9,550,di6 increase - per
ccnt,
SToCK QUOTATIONS.
rr1r,,nrapr Mcssr-. SCOTT & sTRINGFELLoN,
Members New \ ork STOCK Exchange.
open Hich. Low, Close
A .,s,.,s,s "a j.; X 5 s.: IS IS 81; Il