The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-02-07
CTOCKS, BONDS
~ - AND MONEY.

NEW YORK, Feb. 6.-The stock mar
ket showed considerable access of ami
NATION today and the dealings were much
better distributed than for some time
pack and some which fell away on profit
taking after recent considerable ad-
Vances, but the general tone Of the mar
ket was strong and speculative sentiment
seemed much more confident. There was
feeling that the improved conditions
were due to some development not gen
orally known and the professional traders
VINO, IN TACT did not know what they
We're were among the largest buyers on
the supposition that others who did know
were In the market with them These
suiFnlSes mad to do to large extent
against the Northern Securities company
confident expressions were heard but on
anonymous authority, that the decision
against the admission of the suit to
argument The supposition also found
expression that the projectors of the
great merger have an alternative plan
10 rail- back on in case Of the declared
1lIegaI1ty of the present company. 1t was
argued that a foreign corporation might
hold the securities of United States cor
por9uons and be outside the jurisdiction
Of the United States laws.
The reported formation Of a leasing
company to control Metropolitan Street
railway on guarantee of the dividend
was not of much benefit to that stock.
planning on the part of capital towards
development was an influence on specula-
tlon; A social gathering of millionaires
IN Philadelphia was also made much Of
especially as men rated as antagonistic
were reported to be present on affable
terms. The Importance attached to much
unsubstantial conjectures indicated the
continued predominance of professional
operations in the market. The traders
also made much of the reduction in the
discount rate of the Bank of England as
promising a relaxation Of the pressure
upon New York for gold. The very
strong return of the Bank of France
pointed in the same direction. OF the
days movements in detail. Southern
Pacific was largely in the hands of the
same speculative interest which has been
9eanng IN 1t recently and the movement
IN pennsylvania was also attributed to
TINS operator. The Junior VanderbiIts as
a group were all strong and the Toledo,
st. Louis & Western stocks moved in
sympathy with the group on rumored alb
sorptlon in the Vanderbilt interest Gains
In these stock reached up to points.
Lake Erie q Western preferred showing
the latter figure. United States Express
made q further advance of "a. The rise
OF 713 in Third Avenue was due to COM
parlson with its price with that Of Met
ropol1tan with an ultimate guarantee of
Z per cent. Illinois Central was also
strong. on the general consideration of
Its price level as compared with other
equal dividend payers There were a.
number of lower priced and less promf-
nent stocks whose special strength was
ATTRIBUTED to increasing dividend pros
pect. Proft-taking made the closing
somewhat irregular, but the inroads on
prices were not extensive
The bonds market was active and
broad and showed general advances.
Total sales, par value, 81, O55, 900. United
States .3s declined 4 per cent on the the
last call.
Stocks.