The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-02-17
EtmamctaI.
STOCK MARKET.
Practically All Prominent stocks Adj
vanced Yesterday.

Practically All Prominent Stocks Adj
vanced Yesterday. r.
New York, Feb. ALPHABETICALLY all
prominent stocks advanced to-day with
gains in many cases material, and trad
ing left off with the tone strong and
prices at the best. Traders from time
to time sought to bring about reaction
but were dislodged from one position
after another and the upward move
ment became general in fact, the only
active stocks Of Importance that We're
exceptions to the rules were Tobacco
and Northern Pacific, the former suffer-
ing loss of 81 on the prospect of in
creased competition and the latter "a
on decrease in earnings reported yes
terday for the second week in Febru-
airy, which was said to be due to
storms. London houses reversed their
policy on Northern Pacific and bought
more than they sold of it and other
stocks. Burlington, which was ex-div-
idend to-day, made an extreme advance
of ~ on large volume Of trading APP
proximattng 100000 shares. The buying
of this stock was largely by houses hav-
ing Boston connections. The advance
was stimulated by the statement of a
prominent operator that he had pur-
chased largely in the belief that re-
funding of Burlington strength perme-
ated the whole list, but more particu-
larly affected the other grangers which
xr,nyn ttnI ~ rt.a,,t fNfn tut
and over. Union Pacific was lifted
nearly points and the preferred over 1
point, while the Central Pacific advanc-
ed 1 per cent. on the report that an ar
rangement had been reached with the
government committee for a settlement
of it's obligations to the United States.
Metropolitan Street railway and Third
avenue were very strong rising AZ and
respectively. Federal Street was in
the van of the Flower stocks in their
rise, which began as the day drew to a
close, the common advancing 3 points
and the preferred 2. Among the coal
ers Reading list preferred and Jersey
Central rose IL each. International
Paper and Sugar advanced over
points each. New York Central and
Northwest among the Vanderbilts were
benefited about point in the rise,
while c.. G., c. and St. Louis left off
with gain of 1%. The traders thought
that the fractional advance in London
before the opening here had been man
ipulated from this side. They sold
freely on the idea that the effects of
the storm would result in lower prices,
at least temporarily. subsequently
they covered from time to time as pro-
nounced strength appeared in the vari-
Gus stocks. In the final dealings some
stocks were taken in expectation that
the days advance would bring the pub
lie into the market in day or two.
The excess of exports over imports for
January, approximating $57000,000 was
something of a sustaining factor, mas
much as it was taken to be an easy
means of settling for the large sales of
American stocks for foreign account in
the past three weeks.
The healthful tone in stock specula-
ton received a. considerable backlog
from the confident purchases in the |
bond market. Central Georgia consols |
and Wisconsin Central 1st led in point
of activity and strength, but important |
gains were also chronicled elsewhere. |
Total sales $5,900,000.
United States new As, the old as and |
the IS declined u in the bid price.
NED fOHK STOCK A-i GhAE.