The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-02-06
STOCKS AND BONDS.

New York. Feb. 5-Today's stock mar
kent was q dull affair again in spite OF
spasnodic efforts By professional traders
and speculative pools 10 awaken gem
eraI movement IN the market. By the
time they succeed IN raising prices q one
point the depression would develop n an
other and ia consequence the dull move
ment was irregular all day. Striking
movements N closely held high priced
investment stocks continued a feature
The significance Of these movements was
not disclosed although traders sought to-
make the most Of them Tor their sympa-
thetic erect on the general list These
apparently sensational movements on a
very small volume Of trading are nat
uFzl consequence where the stock OF a
company IS closely held for purposes of
CONTROL or centralized in the hands OF q
Few cOnSerV alive and powerful capitalists
for investment when the stocks so moving
were the Chicago and NOrJhWesterns.
American Express. United States E,x-
press and LackaWanna. Nashville. Chat
tanoOga and St Louis which advanced
1012 yesterday reacted 81 today but clos
ed with net loss OF only = 11e recent
sensational upward movement in Lacha-
wanna Is associated with r1nors of con-
troll of that road for an outlet for the
wabash. The Wabash stocks We're very
nrm today II the same connection An
other center OF speculation was IN the
local traction stocks under the influence
Of published reports from Philadelphia
to hold Metropolitan Street railway stock
and possibly other local transaction COM
p2uies Manhattan was the most active
OF this group and Metropolitan Street
railway after an upward squirt OF IL de-
c1ned on profit taking falling IA below
last night during The day and pulling the
other local fractions down with IL. The
speculation in Amalgamated Copper was
very 1eyerish- the price running off rs
during the morning OF the further break
II the London Copper market and the
slump in Rio Iint0s The steadyiuG OF
the London Copper market and reports
OF a panic amongst the bears. IN Rio Tin
tos rallied Amaigamated Copper 20 IL
over last night and II was an effective
factor in the late rally IN the New York
stock market The speculative pool oper-
alag N Southern Pacific took that stock
vigorously IN hand and puncEed il Up ia
on very large buying. The market rallied
with some vtgor in sympathy St Paul
rising points over last night and a
number OF other tTans-cOEtineutals about
point Jlited States Steel also de-
veloped some strength Just at he close.
Dther features Of strength were he To-
ledo. St Louis and Western stocks and
the Junior Nanderuil1s on Tumors Of alb
sorDtiOn OF the former by Vanderbilt IN
Ierests- Minnea polls. s.. Paul and Sauit
Ste Marie preferred added ~ more points
Of Sugar continued but its net gain was
only a fraction. There was no general
influence effective IN the market at any
tine beyond the disposition TO dullness I
caused by the export movement OF gold
and the unsettled question q the North
err Securities company case The bold
market was only moderately active. but
vas inclined 20 De firm Total sIes. par
value, S4-s41a 90 United States refuudfag
5 advanced . points on the last call