The age-herald., 1902-02-27
BIG STOCKS WERE ALLOWED ID SLEEP Obscure Weddings Were Push
 ed Up Vigorously LARGE GOLD SHIPMENT Professionals Attacked the More VuI- nerable Positions After an Effort Had Been Made to Strengthen
 Them Without Success.
LARGE GOLD SHIPMENT

New York, February 2s.-The proceed ngs in today's stock market were prac- hcally a repetition of those of the last few days. That is to say the important railroad and industrial stocks of the largest capitalization, which under all circumstances take the lead in the mar ket movement, were allowed to slumber while obscure and rarely active stocks were taken up one after another and pushed upward in more or less sensation al movements. This order Of things was varied in the last hour by sharp raid on the part of professional bears. The ostensible reason for their selling and offering down prices was the announce ment of gold engagements for shipment tomorrow of $2, 400, 900. The persistent dull ness of the whole market and It's re- fusal to advance under the efforts to stimulate my marking up individual stocks impressed the professionals with It's vulnerable position and the announce ment of the gold export was rather 8 signal than a motive for the attack. Re- ports of damage to the winter wheat crop and the resulting stiffening in the winter wheat market was used to ad- vantage by the bears in their raid Mis- souri Pacific was for this reason especial ly vulnerable and it's report of a decrease of $79,0O0 in gross earnings for the third week in February also added to its weak ness. It was noticeable, however, that roads which reported increase for the same period were those notable to re- v;et4 Mo c 80 acutely affected as Missouri Pacific. Foreigners have been heavy sellers of stocks since the news of the government S procedure against the Northern Securi- ties Company and the supply of commer- cial exchange bills in the market is very scanty. The money market has not shown the slightest reflection of any coming stringency, yet the subtreasury opera tons have already taken up nearly mill lion dollars since the last bank statement and with New York exchange at Chicago down to 15 cent discount the interior movement of currency Is probably away from New York. An early response In the local money market is highly prob able The advance in tccay's market were almost universally without explan- ation in the case of the minor railroads. Opinions were based on d general as- .. sumption that absorption of these by the larger system is manifest destiny. Tn the more prominent stocks there was strength in Pennsylvania the Fries, Wabash pre- ferred and Illinois Central and Amalga- mated copper was active and irregular. Other stocks notably affected were Colo rado Southern, Denver and Rio Grande stocks, Toledo, St. Louis and Western, Wisconsin Central, Chicago and East ern Illinois the Evansville and Terre Haute, Chicago Great Western preferred the St. Joe and Grand Islands stocks, Ann Arbor preferred; Delaware south Shore and Atlantic preferred and the Minneapolis, St. Paul and Saut Ste Marie stocks.
 Kansas City Southern, preferred. Fort Worth and Denver City, the Detroit Southern stocks, Peoria and Eastern Kingston and Pembroke, the American bicycle stocks, North American ana limited States reduction stocks.
 There was very large buying or Wapasn debentures b's and the general bond mar ket was firm.
 Total sales par value s4,sOoOOO.
 United States bonds were all unchang- ed on the last call.
 New York Stock Market.
 By Private Wire to Murphy G C0-