The age-herald., 1901-02-06
AN ACTIVE DAY
 IN WALL STREET Prices of Stocks Went Through
 Many Variations MARKET EXTREMELY SP0TTY Steel Stocks Did Not Yield to the Sell ing Movement, But Remained Firm During the Day-The T. c. l.
 Scored an Advance.
MARKET EXTREMELY SP0TTY

New York, February 5-Today's market was very active and ended the day gen. erally higher, but prices of stocks went thronugh many variations in the course of the trading. The market was extremely spotty throughout, but the constant crop ping out Of new and aggressive points of strength served to overcome the disposi- ton to sell on the part of the timid hold CTS of long stocks. well as by the bear traders, who were disposed to aggressive tactics early in the day.
 The opening bulge In prices met with a decidedly Encouraging reception, and seme of the leading stocks on the list were car ried below last nights level under the heavy burden of profit-talsina sales and op- erations by the bears. Yesterdays leaders in the speculative advance. including Louisville and Nashville, Atchison, Union Pacific and Rock Island, were all carried below last nights 1svel and the dropping tendency of Southern Pacific became more manifest. With weakness in thsse important stocks after yesterdays largo buying in them for speculation, the whsls market made some response. and the earlier gains elsewhere were largely curtailed.
 The steel stocks showed themselves not so yielding as those in other portions of the list, when the force of the selling move ment had expended itself the recovery in the steel stocks was an important infiu- ence on the market. Buying was credited to insiders. and there was recurrence of re- cent rumors of a coming wholesale consol- idation of the great corporations in the trade
 The opening rise in the Southwesterns was not SO we'll maintained, although Mis- soun Pacific made a strong recovery later rising to g1%. and the Wabash securities were very largely bought. It was rumored that Chicago and Eastern Illinois had passed to the control of Missouri Pacific or St. Louis Southwestern, and the lately pre- valent rumors of a general consolidation retained their force in the speculation. Chi cago and Eastern Illinois rose 5N, and the preferred 1h. A squirt of S1s in Tobacco about midday was a feature. There was g. very large number of stocks of smaller rail- roads which advanced sharply under the prevailing impression that absorption of such roads by the larger railroad systems is the order of the day
 furry to points in the call money market was not much needed, although 1t calls attention to the fact that last weeks enormous incursion into the reserve 
 reality to be reckoned with. The reac- tion in sterling exchange and the impress sion that an outward gold movement to London s averted for the present owing to the decline in the money market there, helped to offset the effect of the firmer tone of tho local money market.
 The absorption of middle and lower grade bonds continued very heavy and at advancing prices. Total sales par value, S,70,0 900. United States 3s advanced F per cent on the last call. M
 New York, February 5.-Money on call steady at a1s per cent, prime mercantile paper 314 per cent. Sterling exchange easier with actual business in bankers bills at A. sss for demand. and &. S9Ssfs4 .s9sl for sixty days Posted ratAs, & S511sCe4. .s0. Commercial bills $4 s32tG4. .s4N.
 Silver certificates, 6l0DS3c; bar silver, 613so; Mexican dollars, 44o.
 Government bonds strong: state bonds steady; railroad bonds strong.
 New York Stock Market.
 Q3y Prdyatp Wire 10 Murphy & Col