The age-herald., 1902-02-15
HIGHER PRICES
 IN STOCK MARKET Reaction Set In But Was Check
 ed During the Day CLOSE WAS RATHER HEAVY Question of Tax on Stocks as collat- eraI for Call Loans Seemed to
 Play an Effective Part in
 the Days Dealings.
CLOSE WAS RATHER HEAVY

New York. February 14.-The reactoh which developed in yesterdays stoch market continued this morning but was checked during the day and leVe' o- prices was established substantially aoove last night. The market became unsleaus again and closed rather heavy. Ahe , question of tax on stocks as coiia'e. ". for call loans seemed to play an enecuiVe part in the days dealings yesIelo@y decisions to collect the tax being par'y resnonsible for the weakness Of the mar tat this morning Letter reports thae ehe ouestion was still open to constructor were followed by the rally in the market. The special stocks which led the recovery were apparently influenced by lnoiViou"' causes also. The dealings Tn Coioi auo and Southern were on very heavy scale' The preferred stocks were also s'iohs' The rumor in the street to account lor the movement is that the compeli'ioh for the road is going on propaply between the Union Pacific and the Gould interests. The strength of Sugar was due to the doc,s,on to take up the Cuban reciprocity uuestion in Congress after the war tax reduction
 timore and Ohio was in very actlVe oe- mand and more than recovered US semi annual dividend of per cent "hlol oare off this morning. Brooklyn Transit made a notable recovery from yesterdays denression and Manhattan was strong Ill aympathy, but Metropolitan Street naii- way fell away over point at the las'' No nuhlic announcement had been maoe In the street of the Metropolitan read justment plan.
 The Chicago and Northwestern stocks rose some 1 to points on reports that the company had acquired the St. Joseph and Grand Island Southern Railway pre- ferred rose on the belief that It IS to pe placed on five per cent dlVloeho oasio. The advance in Southern Pacific was also rosumed for over a point. Amalgamated Conner was the leader of the specialtles In noint of activity and dropped 19s at one time The glucose stocks lost 244 each' Some of the minor stocks which nave re- cently advanced suffered partlcularly from profit-taking in the morning Bur lington, Cedar Rapids and western jumped points on two transactions
 As there have been no gold exports this week the gain in the interior movement and SuD-t opeldeiOhS ID
 ed to be fully reflected in tomorrows s bank statement. The general expectation Is for a further loan expansion Tips from Chicago indicate hardening money mar ket there and an expectation Of an early return flow of currency to the interior 10 meet the vests needs for largely ln- creased business. The premium on New York exchange at Chicago fell to Ioc per thousand today compared with Soc premium yesterday. Sterling exchange hardened slightly today. The reduction Tn price of gold at London shows that the pressure for gold from Paris has re- faxed, which makes demand upon NC" York for gold improbable.
 Bonds were again active, but the move ment of prices was irregular Total sales' par value $3,545,00O.
 United States bonds were all unchangeo pn the last call.
 New York Stock Market
 By Private Wire to Murphy Cn.