The Montgomery advertiser., 1902-02-06
WALL STREET REVIEW STOCK MARKET A DULL AFFAIR
 AGAIN. .Spasmodic Efforts by the Profess 2 sionals~to Bring About Re-
 vival of Interest are Unavailing.

NEW, YORK, Feb. 5.-Today's stock market was a dull affair again. in spite of spasmodic efforts by professional traders and speculative pools to awaken general movement in the market. By the time they succeeded in nov ing prices at one point. depression would develop in another and in consequence the dull move ments in closely held high hpriced investment stocks continued a feature. The significance of these movements was not disclosed, al though traders sought to make the most of them for their sympathetic effect on the gen. era1 list. These apparently sensational move ments on a very small volume of trading are a natural consequence where the stock or a company is closely held for purposes of con servative and powerful capitalists for in vestment. who are quite uniniuenced by the the stocks so moving were the Chicago and Northwestern. American Express. united
 States Express and Lackawanna; Nashville; a,ir.; io1a yesterday. reacted 3ls today but closed with a net loss of only 2. The. recent sensa- associated with the rumors of control of that road in the interest of an outlet Tor the Wa firm today in the same connection: Another | center of speculative interest was in the To- | cal traction stocks under the influence of | published reports from Philadelphia of the | formation of a securities company to hold Metropolitan Street Railway stock and pos | sibly other local traction Companies Manhat- | tan the most active of this group and Metropolitan Street Railway, after an upward | spurt of h declined on profit taking. fall ng
 
 ing the other local fractions down with 1t. The speculation in Amalgamated Copper was very feverish, the price running off l b dur ing the morning on the further break in the London copper market and the slump in Rio | tintos The steadying of the London copper | market and reports of a panic amongst the bears in Rio tintos rallied Amalgamated Cop per to lh over last night and 1t was an eff | fective factor in the late rally in the New York stock market The speculative pool op- erating in Southern Pacific took that stock vigorously in hand and pushed it up lA on very large buying. The general market ral | lied with some vigor in sympathy. St. Paul rising points over last night and a number | of other trascontinentals about a point. United States Steel also developed some strength just at the close. Other features of strength were the Toledo, St. Louis and Western stocks and the Junior Vanderbilts rumors of absorp tion of the former by Vanderbilt interests Minneapolis, St. Paul and Sault Ste Marie pre-
 ferred added A. more points to its upward course. The recent buying of sugar con tinued, but it's net gain was only a fraction.
 There general influence effective in the
 market at any time beyond the disposition to dullness caused by the export movement of
 gold and the unsettled question of Northern Securities Companys case
 The bond market only moderately active. but was inclined to be firm Total sales (par value), S474O 900. United States refunding 2s advanced per cent tho last call