Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-02-16
Opening Prices Today Were
Generally Higher.
AMALGAMATED COPPER
yuMps A POINT ON BUYING SAID
TO BE FOR POOL.
Wabash Issues Well Bought-New
York Central Acted Heavy In
Early Dealings.
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, February 16-In the early
London stock market Americans showed
some irregular movements, but in the later
trading there were some fractional gains
scored In those stocks.
In the local stock market the poor bank
statement OF, Saturday seemed to be lost
sight Of and there appeared to be a more
cheerful feeling among the traders over the
termination of the Venezuelan difficulty.
and strong hopes of the passage OF the
Aidrich bill in the Senate.
The opening prices were generally higher.
st. Paul opened up X, Union Pacific X.
Southern Pacific. Missouri Pacific, Wabash
preferred and nearly. all the active rail-
way shares, also showed fractional i'm
provemeut over Saturdays closing prices.
The local Traction shares were about the
most active group. and both Brooklyn
Rapid Transit and Metropolitan. as well as
Manhattan showed good strength. Metro
politan scored the most advance. it gaining
nearly points after the first half hours
trading. a
There was no news to account for the &C.
tivity in these stocks beyond bulfish talk by
the inside interest. which has been heard
on Brooklyn Rapid. especially for the past
few weeks.
Another active stock Gin the Industrial
group) was Amalgamated Copper, which
quickly ran up to Il, as against 20 at the
close Saturday. on buying said to be for the
pool In that security.
There were hints Of favorable trade con-
ditions and also talk Of more peaceful
outlook among the conflicting copper in
terests.
The Wabash issues were we'll bought and
both classes Of stock showed renewed
strength. due to Standard Oil activity.
New York Central acted rather heavy In
the early dealings. though there was not
much activity either In that stock or Penn
sylvania. Shelters and General Electric
were both strong features in the early
speculation, the latter on reports Of a con-
trolling interest having been acquired in
the Stanley Electric Company.
commission houses reported more cheer
full feeling among their clients and a little
more business in consequence
After the first hour. the market became
stronger. and there were advances of from
n to In some Of the active shares, ST.
vance
General Electric and Erie however, were
exceptions. the former losing nearly 2 per
cent on realizing sales, and the latter still
Keeling the effects of liquidation of long
stock. owing to the disfavor Of the new
bond ISSUE
sugar. which had been laggard in the
early trading. also showed some activity
and scored a sharp advance
London houses traded a little heavier in
our market, buying about 10000 shares on
balance. VII
sugar stock was about the strongest issue
In the early afternoon trading and il was
announced that refined sugars had been ad-
yanced five points. both by the American
refining Company and the HowelFs re-
hnery. The rest Of the market reacted a
shade from the best. but the undertone
continued firm. -. -fs-.-l ->''>- =
Standard Oil directors declared dividend
Of $50 per share on the stock of that cor
pora ton. This is an increase of $40 'per
snare over the dividend declared in Novenl-.
Der, but the same as the dividend declared
last February year ago.
In the late afternoon trading there were
further fractional advances in the general
list and a disposition on the part OF the
traders to help the advance,
Copper made a new high level. selling I'm
above 70 and Sugar continued to show good
strength. s.,a = Hes..s-.t :.
There were also gains IN the United States
Steel stocks, both the common and pre-
ferred becoming active, one trader taking
10000 shares of the former Money con-
tinued easy at ~ per cent. :.