The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-02-07
STOCKS AND BONDS.

New York. Feb 6.-The stock market
showed considerable access OF ANIMATION
today and the dealings were much pet
ter distributed than for some time past.
There were stocks which hung back aud
some which fell away on proht-taklhg
after recent considerable advances, bGs
the general tone of the market, was
strong and speculative sentiment seemed
much more confident. There was feel
ing that the improved conditions were
due to some development not generally
known, and the professional tralcrs VINO,
in fact did not know what they were
among the largest buyers on the suppo-
sition that others who did know were In
the market with them. The SUI mlSeS
had to do a large extent with possible
developments in the suit against the
Northern Securities Company. Confident
expressions We're heard. but on anony-
nous authority, that the decision OF the
Supreme court was made NJ against The
admission of the suit to argument. The
supposition also found expression that
the projectors of the great merger have
an alternative plan to fall back on in
case of the declared Illegally of the
present company. 1t was argued that q
foreign corporation might hold the Sc
curities of United States corporations
and be outside the jurisdiction Of the
United States laws. The reported for
nation of leasing company to contrCl
Metropolitan Street Railway on guar
antee of the dividend was not of much
benefit to that stock, bnt the evidence
thus given Of continued planning on The
cart of the capital towards development
was an influence on speculation. A So
eial gathering of millionaires in Phila-
1elphia was also made much OF. especially
As men rated as aptagonistic were re-
ported to be present on affa5le terms.
The Importance attached to such unsub
stantial conjectures indicated the con-
.inued predominance OF professional OPP
erations in. the market. The traders also
made much OF the reduction in the dis
count rate of the Bank OF England as
promising a relaxation of the pressure
upon New York for gold OF the days
movements in detail. Southern Pacific
was largely in the hands Of the same
speculative interest, which has been
lealing in it recently, and the movement
II Pennsylvania was also attributed to
his operator The Vanderhilts as
group were all strong and the Toledo,
> w
sympathy with the group on rumored alb
sorptioD in the Vanderbilt interests. The
gains in these stocks reached up to G
points, Lake Erie and Western, prefer
red, showing the latter figure. United
States Express made a further advance
of ~. The rise of 7l& in Third Avenue
was due to comparison of its price
with that of Metropolitan with an ulti
mate guarantee of seven per cent. Hi
lois Central was also strong on the gem
/ sral consideration of its price level as
compared with other equal dividend pay
ars. Profit taking made the closing
somewhat irregular, but the inroads upon
prices were not extensive.
The bond market was active and broad
| and showed general advances. Total
sales (par value) s4.055.000.
United States S's declined 4 pei cent
IN the last call.
Total sales for the day OF stocks were
I64900 shares, including Atchison 14,2Go;
Atchison, preferred $500; Baltimore and
ohio 1920; Chicago and Northwestern
800; Chicago, Rock Island and Pacific
400; c., C. c.. and st. Louis 8 100; Col
)rado Southern 1900; Erie 1880: Illinois
Central 1890; Iowa Central 10000;
| Louisville and Nashville 5000; Manhat-
an 1925; metropolitan 1860; Mexican
Central $500: Missouri Pacific "a 400;
| New York Central 14,4eo; Pennsylvania
| Z, 300 Reading $4,000; st, Paul $500;
| Southern Pacific 80, 100; Union Pacific
9.500 Wabash 6,100; Amalgamated Cop
er 26400; Republic Steel 800; United
| 3tates Steel 20500; United States Steel
preferred. 1900.