The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-02-09
1uAro1AE AND ooMnssO111.

AND
TUESDAY, Feb. Q.
Owing 10 somewhat unexpected support from
London. the stock market made q very good
showing in the carly part OF the day. Foreign
arbitraFe houses, II was estimated. bought up
ward Of 80, 900 shares Of various stocks. Their
heaviest trading was In Atchison preferred,
Erie securities, Northern Pacific issues and St
Paul. The foreign buying was attributed TO an
extent ia. the fact that this IL the FIRST day Of the
fortniRhtly settlement and there IL said to DO
n scarcity OF American stocks available
In London for speculative purposes. The
Queens speech 10 also said to have Influenced
speculative sentiment In London. In the early
dealings q number Of stocks sold at the highest
prices recorded In the present movement, nota-
bly, Chicago and Northwestern and Metropolitan
Street Railway. Tho last named retained tho
greater part Of it's Improvement and closed $50
. cent higher than yesterday.
The encouragement derived from London did
not blind the Street to the possibility Of q fresh
Cuban or Spanish war scare. It may DO set
down ne o fact that until the Cuban question IL
settled It will DO utilized in the stock market.
and more frequently to depress prices than to
advance them. Singularly enough, the Street
seems to attach moro Importance to utterances
REGARDING Cuban affairs on the floor of
Congress than IL does to exact facts OF the
relationship between the United States and
Spain. simultaneously with the introduction
in the Senate OF resolutions relating to the con-
dition OF affairs in Cuba . vigorous attack was
made on tho stock market. Tho two events
were 80 closely contemporaneous that suspicion
was naturally aroused that there was some
thing moro than . coincidence In the movement
in tho Senate and the one on tho floor Of the
Stock Exchange.
Prices receded sharply from tho best figures
of the day, with tho most effective selling in
New York Central, Union Pacific issues, Gen.
eral Electric. Manhattan Railway, Rock Island.
p, c., G. and st. Louis, and Consolidated Gas.
OF news specifically affecting values there was
comparatively little. The foreign exchange
market was strong and higher In face of the
buying of securities by London. It 10 learned
that the trustee Of the now collateral trust
mortgage Of tho New York Central Company
will begin tomorrow morning to receive depos.
fits Of Lake Shore stock in exchange for tenn.
porary receipts representing the new bonds.
An agreement has been reached between the
Erie Railroad Company and tho minority
holders of New York. Susauehanna and West
ern stock by which tho last will receive for their
preferred stock 90 y cent. in Erie first pre-
ferred, and for the common stock 100 Y cent
in Erie common. A plan ofa good doal Of i'm.
portance to Northern Pacific security holders 10
said to be under way. 1t ~contemplates the sale
of all the company's lands in such q wav that 1t
can 0AllE UPON Lnbb aSbot ~ OnCo u cIlT0
the remainder Of the old general mortgage and
land grant bonds that arc outstanding. The
closing Of the market was in the main heavy.
New York Stock BHchanEo-ealos Feb. o.
UNITED States AND STATE BONDS ON s1.ooos.
lUstso 1eo7ll4a / Tenn set &c.. 90
AUs4s,o. 1s2bl29h'
CLOSING PRICES OF UNITED STATES BONDS.
MD. Aatrd RA <nhnA
On 81 Bar IUn st q. G.
At pi of O. - 1925. ....l2s& l2eL
On St As,r. On St Bs,r.
1eo7.-..ll3S ll35I 1904. ....ll3% l14h
I'm st q, c. I'm st So, o,
1907. ....1l4 116b 1904. ....ll3a LA
I'm St d. I, Up St Ga
Is9b.....lee& l2eh' r.issS...lo4 -
RAnRoAD AND OTHER BONDS dN 81. ooos,.
llo Atch adj a.. 90 o NJ Cen gni g. llAs
az ...... 63b 8 N Y Cen LIST, c..
90 .......-..... 3 l 8 N Y Cent LIST. r.l17A
2lO ......... 8 M Cent OF 90. %
60 ...........- 8 ! e N Y O deb 30. r.11lS
16o ."....-.-- 8 8 N RR of Cal 5G. / OCH
1O3 ........ 635l 3 NY. 4 wr<slO
3lo...... 8 / g Or r 4 d.. OF
70 Ateh gnl ts..... 93bl 9 Orc es....l24a
sc .......-.... 81 10 .".".""....124H
l2l .......... 93s 8 os L en- 5s....1OO
8 Ann Arbor d.. Ssh g
7..."..""...- SO l6 ""..-.".....1o0S
~ .............. q .......-... 991
! Am Cot OIL ss..1o6R q recommendation
8 Bait q o. Pbr..ll6 l Or IS L inc A.. 69a
ga ..........r.116%I ........... 90
20 ..-.....-...1l6b 80 o 8 L.. inc b.. 49a
Q Brock RT o.. 96h| .....-.-... 49,
........-.... e4sl 10 ............ Ash
2 Br W. W o.. 80 / 3 Orc Imp lst,sE1l2a
10 Br FL LIST. tr... S6kl
1O6 Gao El <has S3bl
23 ........ S31I99 Orc Imp o.
! {. b Q CIV os1 l 9Th ip....... 90
/ Q 4s.N OK 8 o .....-.... 62la
...-.-.... eeall2 ............ 6l,a
{. deb 90. 90 Peo e East lst. IT
c.C.c& stL "a. ...-.."...". 76%
stLdiy....... e7tl ID ..."..-"... rs
10 Chi Ter <s...... S7h 7......... ~
8 .........-.. 97Sl37 Pitts 4 Wn LIST. So
2....".."-. e7a 9 ...".""..".. s6b
/ Col Coal es..... eesl P.C.C& st L4as.
.........--.1OO ser A..-..-.1l3
3 Col MID LIST. tr 67Al13 lex os.....1O6%
6......-... 67hll46 ........-..lO6S
! Oh 4 Erie lst..1 liz ...........1o6]
3 C Ga Ry en- bs. 8 1hl1 8 Rock I deb o..
10 @ GARY LIST inc az 90 Read gl 49,. S6@
Goa Ry Sd inc. 7hl64 ........ S6qs
2c.I&L os..... 96h!2o .."."....... SEA
...-..."..... 81 ! Rio W lGt... SO
9 G. Ind 4 L es... g Sci v q N Z 1s.. 81
20 Den z II u en-. 96hI1O .............. 87h
R7 .............. 90 8 30 Pace Calcn o6h
IL RI. L 8 LIST. ! O3al ...... e6L
40 Er prior bds... e2al 8 30 P of N lst1o7b
l3 Er 9 lisA S'<s.. 72al 6...."....".107h
............. 70 Sc p q Ma, II
b ."--".---.. e Ces........127L
8 " Worth lst... o St l. 4 8 y, q
...... "a W5s..... 90
3 0aiv. II Do. o0%l os.l
IL Gen Elec deb 6sl o 8 8 bs.lObk
10 Hooking Val Dc. les ...........lob
s<b p....... 7eh 6 St 4 d.. IT
6H&TC LIST o.. / ] Oh ....,.. 76la
&c Br.sx bsloS 3 St p gen +S....1o6h
10 Iron Nj os.... o4lsl 6 St p con.....l4l
....-....."... Cd ] st p LIST.
90 ."....-..... d Wdiv.-...l16h
81 ............... ! St p LIST. &
Ia Int 4 ct N "a. So. ex........l1lh
10 ........... 90 e st p LIST, 8 Md.l2l
8 Kan r con. tr..l 1OA o st LIS W lst... 76s
30 "'".""".llOs 8 ..."..-.... 76k
1Sl .........llO ! o sAAAP LIST <s.. 6lh
o3 .....".."..ll0+ 3 C Ga lst... %
oil .......-.....1lOI z 30 R'way bs.... Cd
90 l1l OIL