Evening star., 1902-02-06
Decidedly Better Feeling on New
York Stock Exchange Today.
TEE ENTIRE LIST WAS ACTIVE
Material Advances Were Scored
in Several Leading Properties.
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, February 6.-Prices in to-
days stock market were buoyant under an
increased demand from commission houses
ana continued buying by the numerous
semi-professional pools. The market adj
vatnced easily and sentiment was generally
hopeful. The reduction of the Bank Of
Engiand's minimum rate OF discount TO :
per cent was a helpful factor and encour-
ages the belief In continued ease In the
money rate.
FINANCIAL interests are less discouraV1ng
In their advices on the market and in a
few Instances, are actually helping the ad-
vance. Heretofore the banking clique has
been opposed to activity in the market,
even though conditions outside were ouite
up to expectations.
The Traction deal failed to stimulate
much new business in that group. there
being some doubt on the subject of the
value of the new shares
The 4 per cent to be guaranteed Metro.
polltan is not enough to inspire enthusiasm
among the investment public Should the
traction securities Company project be-
come fact there win undoubtedly be a
sharp manipulated advance prior to It's
actual launching. In today's market there
were evidences OF a willingness to take
prohts on both Manhattan and Brooklyn
transit Third Avenue was forced up un-
utr very limited dealings.
In the railroad list there was some exeel-
lent buying Of the more deserving proper-
Ties, and the advance brought out but little
long stock Northwestern was in good de-
mand and the buying of st. Paul was from
houses In position to judge Of its merits
ana Its prospects Chicago houses sent in a :.
considerable volume OF new business I'm
these properties. Rock Island was given
good support and Illinois Central was hid
up sharply at one time as the result of a
speculative attempt to force II up nearer 10
Its western neighbors. especially Rock Is
land.
Big -Four was In splendid demand by
Vanderbilt brokers, gaining over per cent
under the buying from these sources Pool
operations in Southern Pacific were again
a conspicuous feature Of the market, a fur
ther advance of l per cent being added TO
yesterdays record. The movement is being
well handled and those in charge of IL are
competent to make the most OF general
conditions
The report OF the December earnings
came out today and helped to justify the
new plane upon which the stock has recent
ly entered. Union Pacific reflected n hard
ening tendency. but the stock is less buoy
ant than the market, though at no time
positively weak.
The coal shares were in better demand
fractional advances In Erie being first evil
dences OF new bu siness during the week
The hfgh-priced shares and the Reading
issues were In splendid demand as hereto
fore. United States Express mace n some
what sensational rise OF nearly 10 per cent
as the result of better dividend prospects
from Its closer relations with rival con-
Germs.
Sugar sold up over 10 under pool buying
nased on prospective legislation. Amalga-
mated Copper was strong and weak by
turns under fair volume OF business. Clos
Ing prices were irregular. but in the main
under the best for the day