The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-02-07
STOCKS AND BONDS.

New York. Feb 6.-The stock market
showed considerable animation and the
dealings were much better distributed
than for some time past. There were
stocks which hung back and some which
fell away on profit taking after recent
considerable advances, but the general
tore Of the market was strong and the
speculative sentiment seemed much more
confident. There was a feeling that the
improved conditions were due TO some
development not generally knawn and
the professional traders who in fact did
not know that they were among the
largest buyers on the supposition that
others VINO did know were in the market
with them. The surmises had 10 do to
a large extent with possible developments
in the SUIT against the Northwestern Sc
curties Co. Confident expressions We're
heard on every side, but on anonymous
authority. that the decision OF tho SUI
preme court vas made UP against the
admission of the suit to argument. The
supDosition also found expression that
the protectors OF the great merger have
IN alternative plan TO fall back On in
case If the declared Illegally Of the
present company. It was argued that
q foreign corporation might hold the Sc
curities Of the United States CORPORA
ti0ns and be outside of the jurisdiction
nation of leasing company TO control
Metropolitan Street Railway on guar
antee of the dividend vas not Of much
benefit 20 that stock. but the evidence
thus given of continued planning on the
part of capital towards development was
IN influence on speculation. \ social
gathering of milli0naires in Philadelphia
was also made much Of. especially as men
rated rs antagonisuc to each other were
-+-1 I- e. 4afl 4rr
The importance attached to such Lnsub-
stantial conjectures indicated the coutin-
ued predominaI &c OF professional Crera-
tons in the market. The traders also
made much of the reduction in the dis
count rate of The Bank OF England as
promising a relaxation Of the pressure
upon New York for sold The very
strong return of the Bank OF France
pointed an the same direction Of the
days movements IN 1etsil Southern Pa
cific was largely in the hands Of the
Same speculative interest which has been
dealing en- il recently and the movement
in PENNSYLVANIA vas also attributed TO
this operator The Vanderbilts as a
grouD were all strong and the Toledo.
St Louis & Western stocks moved IN
sympathy with the group on rumorad ali
sorpticu i'm the Vanderbilt interest. The
gains in these stocks reached up % six
points LalSe Erie & Western preferred
showed The latter figure United States
Express made n further advance # ~.
The rise of ~ in Third Avenue was due
TO comparison OF its price with that OF
Metropolitan. with an ultimate guarantee
of seven per sent Illinois Central also
was strong on the general consideration
OF its price level IS compared with ether
equal dividend PAYERS. There were a
number CT lower priced and less prcmi-
nent stocks whose special strength was
attributed 70 increasing -.vidend Tros-
poets. Profit taking made the closing
somewhat irregular but the iuroads upon
prices were not extensive
The bond market was active and broad.
and showed general advances.
Total sales par value. A.i55 0o0.
United states IS declined : per cent on
H. l.Nf ..Il