The daily morning journal and courier., 1902-02-18
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EtnaMctat.
THE STOCK MARKET.
storm Lessens Attondance-sOme Ad-

storm Lessons Attondance-some Ad-
 New York, Feb 17.-To- days severe snow storm lessened the attendance a.t short of those brokers who did attend. The consequence was a dull and unin- teresting market of no very fixed ten dency. Only few stocks showed deal- ings of any importance, and the price movement in these WAS inclined to vary A number of usually inactive stocks made some progress upwards. The undertone was firm, and while prices did not hold always at the best, the level of prices did not get below last night
 There was an active speculation in Metropolitan Street Railway, but the opinion of the new plan remained about as unfxed as since it's promulgation. Sugar advanced on account of the rise in the price of refined sugar and the continued hope that the duty on Cuban sugars would be remitted by congress. The urgent buying of raw copper in London and the sharp advance in the price resulted in buying of Amalga- mated Copper here.
 There was some movement in the stocks of the different steel companies, apparently in connection with the an- nual meeting of the United States Steel Corporation. But the movement Of the United States Steel stocks themselves was narrow and dealings not on very large scale, considering the enormous volume of the capital. The railroad list outside of some of the minor stocks, was sluggish and neglected. The continued paucity of the grain movement and the obstruction to traf- fic by storms foreshadows a repetition of the decreases of first-week gross earnings for the second week In Febru- ary
 Although confidence has been pro- fessed in Wall street that the supreme court will hand down a decision next Monday favorable to the Northern Se- curities company, as the time approach es for the court to convene there is disposition to hold off speculative op- erations until the case is decided. There seemed to be less apprehension felt among brokers regarding the threaten ed collection of the tax upon collateral in call loans. There is a feeling that a way will be found to avoid the collec- tion of this tax, which is pronounced confscatory In it's provisions by brok- CTS notwithstanding the apparent clearness of the application of the pro- vision to collateral in call loans. The money market showed some degree of firmness, although not quotably chang ed. The large operations by individual banks disclosed by the bank statement gave fresh corroboration to the suppo- sition that large syndicate transactions are in preparation The flow of money from the west Is showing a decline, but the outflow by exports of gold has been checked owing to the replenishment of Bank of England supplies and the ac- tual plethora of funds in Germany The government surplus is also running light this month.
 The late rise in Sugar to points over Saturday and the recovery to the top in Amalgamated Copper sustained the 1 market, which was otherwise inclined l to yield in successive spots The clos ing was irregular.
 Bonds were steady. Total sales, par value, $347O,o0O,
 United States bonds were unchanged , on the last call