The age-herald., 1902-02-05
TRYING ID STIR
 UP THE MARKET
Professional Operators Make an Attempt to Renew Interest
MET WITH LITTLE SUCCESS
The Days Small Business Was Largely centered In AmaIgamated Copper, Southern Pacific and the Metro
 polltan Street Railway Stocks.

New York. February 4-There was an attempt on the part of an element or pro- fessional operators to awaken some spec ulative interest In the market this morn ing but the general disposition was to acquiesce in dullness and neglect after yesterdays disappointment of the expec- tation of decision in the Northern se- curities case.
 It is the opinion In the financial dis trict that any pronounced activity must await the delayed decision in this case or some striking new developments In general conditions. The professional ele- ment which attempted to contest this obvious tendency this morning was mak- ing very modest progress when the an- nouncement came of engagements of gold for export on Thursday to the amount of $3, ,750,00O. The market then immediate ly fattened out the greatest part of the gains being lost and the market was neg lected and lethargy prevailed for the rest of the day. The days small busi- ness was largely congested in Amalga- mated copper, Southern Pacific, sugar and Metropolitan Street Railways. The dealing otherwise even in the great trans continental and Pacific railroads and In the United States steel were of quite in- significant proportions.
 Amalgamated Copper was weak on the sharp break in the London copper mar ket and on the first reaction of copper in the local market since the market turn ed upward. The strength of sugar was based on the recent stock argument of probable remission of Cuban sugar du- ties.
 The operations in southern PennsyI- vania were largely in the hands of the speculative pool in the stock. Metropoli- tan Street Railway recovered sharply from yesterdays depression on the as- surance of w. C. Whitney that his com ing retirement from business would not involve the liquidation of his holdings. There were some wide movements among less important stocks. Lackawanna rose points higher than yesterdays high price but reacted points to 293. Nash vile, Chattanooga and St. Louis ad- vanced 102 points on light transactions and without explanation. The Minne- apolis, St. Paul and Saulte Ste. Marie stocks rose 4 and 6 points respectively for the common and preferred. but saved net gains of only 2Aa3A. Ameri- can Express and United States Express made sharp gains
 The engagements of gold for export had only a slightly 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 weeks large loan expansion represented the shifting of obligations due to foreign creditors to local banks and that the gold outgo Is in payment of loans. The declaration of $20 dividend on Standard oil, the same as for the first quarter of last year and the year before, was re- garded with some significance as 1t was feared that the recent fall of the price of oil would lead to the reduction of the dividend. The market closed dull and heavy. the tone being somewhat accentu- ated by the report of the rejection of peace overtures by the British govern ment.
 Business in bonds was quite well dis tributed Total sales par value, $3, 520, 900.
 United States old As advanced h on the last call.
 New York Stock Market.
 By Private Wire to Murphv A Cn