Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1901-02-06
FINANCIAL AND
COMMERCIAL
DAILY RECORD OF THE EAST
ERN STOCK MARKETS AND
TRANSACTIONS.
REPORT OF THE NEW
YORK STOCK EXCHANGE.
Railroad, Grain and Produce. Wool
and Other northumberland
Review Of Trade.

New York. Feb 6.-'rhe stock market
opened nuoyant and active with the
dealings very widely distributed and
large blocks changing hands, The steel
stocks We're the feature. steel and Wire
selling at 30 to 81 on the opening sale of
1000 shares. compared with 491. last
night and 5000 shares of Federal Steel
advanced that price from 81 last night t.
.: and SO. National Tube was up three
points and other members of the group
over point. In the railroad list the
L'enver and Rio Grande stocks were con-
sp1cuously strong. the common selling
zi2 and the preferred about point adj
Nanced. There were other gains OF about
a point. Union Pacific sold at 91L ami
VIE compared with 80 last night
Fluctuations We're wide and frequent
IN the steel stocks and were both ways
For instance, Steel and Wire broke from
o]hs to 30. National Tube from 7Olk to 611l
and National Steel. which had touched
Az reacted to Al. Federal Steel gave
way about point. Meanwhile the pre-
ferred stock of these and other steel
properties improved Republic Steel pre-
ferred rising Az, Federal Steel preferred
"a and Steel and Wire preferred ,. Colo
RADIO Fuel also rose two points and
Smelling 23s, but declined somewhat
Elsewhere advances and declines were
mixed in confusion. Profit taking was
very large in stocks which have had q
previous advance and Missouri Pacific.
Louisville, Pennsylvania, the Fries the
Readings, the Changers, Northern Pa
ciflc, the Atchisons and the local trac-
lions ran off some of them to below las
night. The Wabash securities reacted
but rallied and Union Pacific mounted
10 w. Inc steel stocks showed some re-
coEery at the same time. There was
no abatement in the furious activity of
the trading.
The few stocks which held strong We're
not sufficient to resist the downward cur
rent of the market. The resisting securi-
ties were Wabash preferred, which
reached 80, Western Union, which rose
2%> and International Paper which ad-
vanced three points. Enormous blocks
to realize came on the market causing
declines in Pennsylvania of o7s. Brooklyn
Transit rs. 3. & o. 9 Erie first pre-
ferred, Kansas and Texas preferred and
metropolitan IA, l.. & ~ and Missouri
Pacific rs and Manhattan IA MANY
ether railroad stocks reacted from Ito /.
including Missouri Pacific. The steel
stocks held better during the second
hour but Steel and Wire fell 23s from the
best. The market steadied before noon
at slight recoveries and became very
dull. Wabash debentures We're the feat
ure of the bond market rising IRREGULAR
~ an extreme Az points. The general
demand for bonds continued large at
par value. transactions in the first hour
amounting to over $4,000
Profit taking was renewed after 2
O'Clock and prices We're drifting down.
ward when the semi-annual dividend If
per cent on Reading first preferred was
announced. large short interest was
discovered in Reading and in q scramble,
to cover lifted the first preferred to 71ak
the second preferred to 451a and the sec
ond 34A. The other coalers hardened
somewhat in sympathy with Ontario and
western rising over point and Erie
first preferred recovering to q. Profit
taking was continued in other portions
| OF the list with the exception of a few
stocks The closing was thus made
| irregular but continued furiously active
| to the end.
l NEW vODL~ lFoNI,1y