Evening star., 1902-02-13
Strong Demand for Colorado
Southern Shares,
DUE TO GOOD EARNINGS
BALANCE OF THE LIST WAS
RATHER WEAK.
Proposed Issue Of Rapid Transit Stock
Had a Depressing Influence
on Market.
Special Dispatch I, The Evening Star.

special Dispatcn - The Evening Star.
NEW YORK February 13-Realizng
sales were a conspicuous feature of today's
stock market. traders and the various pools
taxing profits whenever the market ap-
peared to be broad enough for that purpose.
London prices were generally higher. the
advance extending to full point in one or
two instances. but there was little demand
from that center. The proposed issue of
bonds by Brooklyn Rapid Transit. amount
ing to s15o,0OO,ooo had depressing influ-
ence on the entire market, traders selling
all the Traction stocks and uncovering
numerous weak speculative accounts
The directors volunteer little or no infor-
nation as to the ultimate object Of the is
sue. refusing to disclose this important
item until after the stockholders meeting
on March 2O. There Is a suspicion In GER
tain quarters that the so-called traction
deal Is involved in this preparation to
cure such an enormous sum of money for
extensions and improvements"
In the present unexplained condition of
the transaction the proposal does not give
satisfaction to the average operator. Man
haitian and Metropolitan were both weak
under considerable selling pressure, and
helped to force declines in nearly all parts
of the market. The buying of Colorado
Southern securities was one of the special
movements of the forenoon, and was based
upon the increasing earnings of that com
pany.
The first preferred stock is probably In
position to receive 4 per cent at it's next
dividend period. and there has been some
hint that the second preferred would be re-
tired in the near future. This company is
also said to be contemplating the retire
ment OF Fort Worth and Denver City
stamped stock, and the new financing
should add to the value of all It's own is
sues. The most aggressive demand of the
day went into Colorado Southern issues,
and the major portion of it was credited to
inside interests.
There was good buying in Texas Pacific
as the result Of increased earnings and all
or the Gould shares came into an advanc-
ing movement later in the day. Missouri
Pacific was steady under pool buying said
TO be inspired by the belief that once the
Northern Securities question is settled the
Gould plan of merger will be announced
In view of this prospect these issues are
attracting very fair demand on all de-
clineS.
Baltimore and Ohio was well bought and
held well under buying credited to the re-
Gently formed pool. Southern Pacific sold
off about l per cent during the afternoon
under sales credited to the pool, some
5000 shares having been sold for that ac-
count. In spite of this fact the stock has
lost none of its friends and the selling
was regarded as one of the usual incidents
OF an advance on a large scale
An attempt to force an advance in Union
Pacific failed to attract much Of a fellow
Ing. but the price was steady under a fair
demand from inside All the western is
sues yielded to the selling but no signifi-
cant blocks of stock came out.
Amalgamated Copper was weak through
out the day. the selling being persistent
and the support being less efficient than
usual. The S-eel stocks were active and in
clined to advance. The coal stocks were
irregular and reflected the heaviness of the
general list