The daily morning journal and courier., 1900-02-03
Etnaneial.
 THE STOCK M-A RK L1.
Increased Public Interrs, Yesterda

New York, Feb. 2.--To-day's stock
 speculation furnished adequate proof that increased interest was being man
 ifested by the public in the market
 This supposition was based on the ex-
 tensive trading in railroad stocks which comprised properties traversing a wide
 area. Professional operators perceiving
 that support from commission houses
 could be relied upon in an upward
 movement in the stadard stocks devot
 ed their energies in this direction caus-
 ing the specialties to occupy a second
 ary position in the stock market. This change of front was in measure due
 also to the fact that some of the indus
 trials which had obtained a substantial
 rise showed evidences of good realizing.
 Recognition of the encouraging general
 situation and indifference of the local
 market to foreign complications was the
 primary cause of the revival of outside | interest
 Important movements appeared to be
 under way by substantial interests, as to-days strength developed in first one group of railroad stocks and then an other until the list showed gains run ming from 1 to 31a points. InN connec- tion with the enormous buying of Balti- more and Ohio stocks a statement that the management had sold $S,600000 f per cent bonds of the road and $2,500,- 900 of that of a subsidiary line to pro- vide Improvements accounted for their buoyant rise.
 
 As the tendency of prices became pro- nounced arbitrage houses took advan- tage of the level to unload, but their offerings of 10000 shares presented no effectual check to the current. Long standing short lines in some of the mid dle grade railroads were covered, and blocks of LOGO to 5000 shares figuring plentiful throughout the list. Interest was diffused into great variety of stocks, and at times some of the usu- ally neglected ones vied with the recog- nized leaders in point of animation Early operations indicated that power full interests were engaged in the metal stocks, as prices of the minor securities followed a jump of points in Tennes- see Coal, to 104 This stock suffered acutely from realization as the day pro- gressed and ended with gain of but 3A. Prices of kindred properties were better sustained, but all relapsed from the best figures. Fluctuations in Third Avenue continued to be of a sensational nature, an early rise to 101 being follow | ed by a break to 96 on liquidation by | interests disturbed by the measures pro- | jected to finance the company's indebt- | edness.
 A rally to 99ss occurred in sympathy | with the pronounced rise of the general | market in the late dealings Other local | utilities lacked feature aside from the | gas securities, which, however, did not fully retain a substantial gain. West ern railroad stocks gave the first indi- cation of strength, and although inter- est in these waned somewhat as the other groups became prominent, they nevertheless held their extreme rise. Among the high priced ndustrials American Tobacco, Peoples Gas and Sugar achieved commanding lead oc- casionally, but ended with narrow net changes.
 Predictions as to the character of to- bank statement were uni formly favorable, but the advance sta tistice show that the gain in cash from the receipts from the interior and sub treasury operations was placed at $2- S71 ,11S, as compared with net gain in the previous week of $6,4S9.175.
 A reflection of the stock markets strength was observed in the bond op- srations, where the absorption was very heavy of the low and middle grade is sues. The market was broad and ac- tive, transactions aggregating par value S2, ,3SO, ,0OO.
 United States new fours and lives ad- vanoed Ii and the twos declined F in he bid price. :