The daily morning journal and courier., 1902-02-05
EtnaMctat.
THE STOCK MARKET.
Engagements to Send Gold Abroad
 Wipes Ont Gnins-Close Dull and

Wipes Out Gnins-Cloae Dull and
 Heavy.
 New York, Feb. 4.-There was an at
 tempt on the part of an element of pro- fessionaI operators to awaken some
 speculative interest in the market this
 morning. The general disposition was
 to acquiesce in dullness and neglect af-
 ter yesterdays disappointment of the
 hoped for decision in the Northern Se-
 cmities case. It is the general opin- i ion in the financial district that any
 pronounced activity must await the de- layed decision in this case, or some i striking new developments in general conditions. The professional element
 which attempted to contest this obvl-
 ous tendency this morning was making
 very moderate progress when the an-
 nouncement came of engagements of
 gold for export on Thursday to the
 amount of $3,75O,0 900. The market then immediately fattened out the greater part of the gains being lost, and was
 neglected and lethargic for the rest of the day. The days small business was largely congested into Amalgamated Copper, Southern Pacific, Sugar and Metropolitan Street Railway. The dealings otherwise even in the great trans-continental and Pacific railroads and in United States Steel were of quite insignificant proportions Amalgamat- ed Copper was weak on the sharp break in the London copper market and on the first reaction for copper in the local metal market since the market turned upwards The speculation in Amalgamated is conducted, however, in a mood of constant suspicion, and with out much regard to trade developments. The strength of Sugar is based on the recent stock argument of probable re- mission of Cuban sugar duties. The operations in Southern Pacific were largely in the hands of the speculative pool in the stock. Metropolitan Street Railway recovered sharply from yes terdays dealings on the assurance from w. c. Whitney that his coming retire. ment from business would not involve the liquidation of his holdings. Lack awanna rose 3 points higher than yes terday's high price, but reacted 4 points to 20; Nashville, Chattanooga and St. Louis advanced 10 1-2 points on light transactions and without explana- ton. The Minnesota, St. Paul, Sault Ste Marie stocks rose 4 and respec- lively for common and preferred, but saved net gains of only 2A to 3A. The engagement of gold for export had only a slight hardening influence on the | money market, but the doubt as to the | extent to which the movement may | reach caused some uneasiness over the | outlook. It is believed that last nights | large loan expansion represented the | shifting of obligations due to foreign l creditors to the local banks and that the gold outgo is in payment of loans. 1 The declaration of a $20 dividend on Standard Oil, the same as for the first quarter of last year and the year be- fore, was regarded as of some signif- canoe, as it was feared that the recent | famine prices of oil would lead to a reduction of the dividend. The mark ct closed dull and heavy the tone be- ing somewhat accentuated by the re- port of the rejection of peace overtures by the British government.
 Business in bonds was quite well dis trlbuted. Total sales par value, s. 520, ,00O
 United States old As advanced k on the last call
 sAV FORK STOCK MARKET.