The daily morning journal and courier., 1902-02-06
Estnancsal.
 IHE STOCK lL fl RIi Fl.
Dull Affair Yesterdsy Despite Spas-
 modfc Efforts,

modic Efforts.
 ! New York, Feb 5.-To-day stock mar
 ket was a dull affair again in spite of
 spasmodic efforts by professional trad
 CTS and speculative pools to awaken a
 general movement in the market. By
 the time they succeeded i'll moving
 prices at one point depression would de- velop in another and in consequence | the dull movement was irregular all day. Striking movements in closely
 held high priced investment stocks con- tinued feature The significance Of these movements was not disclosed, all though traders sought to make the most of them for their sympathetic eff
 feet on the general list. These appar-
 ently sensational movements on very small volume of trading are natural
 consequence where the stock of com-
 pany is closely held for purposes Of
 control or centralized in the hands of
 few conservative and powerful capi-
 talists for investment, who are quite
 uninhuenced by the course of prices in
 the open market. Amongst those so moving to-day were the Chicago and
 Northwestern stocks, American EX- press, United States Express and Lackawanna. Nashville, Chattanooga and St. Louis, which advanced 10 l-2 yesterday, reacted 1-2 to-day, but closed with a net loss of only 2. The recent sensational upward movement ln LackaWanna is associated with the ru- mors of control of that road in the ln- terest of an outlet for the Wabash system The Wabash stocks were very firm to- day in the same connection. Another center of speculation was in the local traction stocks under the ir- fluence of published reports from Phila- delphia of the formation of a securities company to hold Metropolitan Street Railway stock and possibly other local traction companies. Manhattan was the most active of this group and Met ropolitan Street Railway after an up ward spurt of 1 IA declined on profit taking, falling below last night during the day and pulling the other local fractions down with it. The specula- tion in Amalgamated copper was very feyersh, the price running off 1 S-8 dur ing the morning on the Further break n !!ie Lcndon copper market and the Sluno in Eit, Tintos, The steadyng of tie l.Cnlon copper m1rl # and reports of panic amongst the bears in Rio Tintos rallied Amalgamated Copper to 1 1-S over last night and it was an af- fective factor in the late rally in the New York stock market. The specu- lative pool operating in Southern Paci- fic took that stock vigorously in hand and pushed it up 1 3-4 on very lrase | buying. The general market rallied | with some vigor in sympathy, St. Paul | rising points over last night and q number of other trans Continentals about point United States Steel also | developed some strength just at he | close Other features of strength were the Toledo, St. Louis and Western stocks and the junior Vanderllts on .umors of absorption of the former by he Vanderbilt interests. Minneapolis 4 St, Paul and Sault Ste Marie preferred idded 1-2 more points to it's upward ,ourse. The recent buying of Sugar continued but it's net gain was only a fraction. There was no general in1U- ,nce effective in the market at any ime beyond the disposition to dullness ,aused by the export movement of gold nd the unsettled question of the North 'rn Securities company case.
 The bond market was only moderate y active but was inclined to be firm. Total sales par value $4,740,000.
 United States refunding twos advanc- d Is per cent. on the last call.