Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-02-09
Sales Of 100000 Shares Up
to the Noon Hour.
MARKET WAS STRONG
MORE ACTIVITY SHOWN THAN
FOR PAST TWO WEEKS
If Venezuelan Protocols Are Amicably
Adjusted Prices Will Likely
Go Higher.
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, February 9.-The early
London market showed some Irregularities
In the Americans. and st. Paul and South
ern Pacific were per cent lower; but in
the later trading rallies occurred. bringing
our stocks there up to the closing prices OF
Saturday.
Consols were Lie per cent lower for
money and Is per cent lower for account
The local stock market opened with rather
buoyant tone. the explanations in yester-
days papers for the unsatisfactory bank
statement Saturday seeming to satisfy the
trading element.
The agreement in regard to miners
wages for another year in the soft coal
regions. announced late Saturday, also had
favorable effect on sentiment
The Norfolk and Weston and Chesapeake
and Ohio. also Baltimore and Ohio stocks
of the bituminous group were the features
OF strength in the early market, the first
two named stocks being very active and
scoring over point advance In the first
hour OF trading.
Baltimore and Ohio gained about 4 per
cent over Saturdays closing figures.
The Gould stocks, too, were strong fea-
lures at the start, the Wabash issues on
heavy trading advancing over a point, and
Missouri Pacific gaining about III per cent
There were good gains really all through
the active list, the Reading issues, the
Fries and the Steel shares all participating
IN the upward movement.
The buying in Missouri Pacific looked as
though the Standard Oil interests were at
work for higher prices They were, how
ever, said to be sellers Of Wabash stocks on
the bulge this morning.
st. Paul acted well. but was not active
~ dealt In. Union Pacific and Southern Pa
cifc both advanced fractionally. and are
said to be quite heavily oversold by the
bears.
In the industrials Sugar and Copper both
advanced sharply. the former on buying by
lower Wall street interests, and the latter
was quite heavily purchased by the Boston
spectators.
The local Traction shares were only mod
erately active. with slight improvements
over Saturdays prices. International power
sold over per cent higher at the start.
The feature Of the early bond dealings
was the continued selling Of the Frisco
funding As, seller sixty days option. and
renewal Of the activity In Wabash deben-
ture. BIS"
sharply. and there was noticeable improve
ment In the Atchison issues. the rest of the
list holding well the early gains.
Commission houses reported quite an i'm
provement In out-of-toWn business, and this
lent encouragement to the bull leaders.
Sales Of stocks up to the noon hour we're
46S.0O0 shares, more activity shown than
for the past two weeks for the same period
VI SAaA1S, anu Lie net COulluuSu StIDuSs
with further advance in Missouri Pacific
and some good gains in the traction shares.
In which there were circulated bull tips.
Brooklyn Rapid Transit seemed to be The
favorite In this group, although there was
also stronger bullish feeling on Manhat-
tan. Union Pacific and Southern Pacific
were well supported, and both were helped
some by the good advance In Rock Island
issues.
Late London prices were about " per
cent below our market figures. but this did
not have any effect upon the bullish senti-
ment here.
In the early afternoon trading Texas Pa
stocks became active and scored ever a
point advance.
There was also some covering In Penn
sylvanta, which caused some Improvement
In that stock. St. Paul and Canadian Pa
ciic were also bid up about " per cent on
the shorts. The market, however, on the
whole was somewhat less active than in the
earlier trading, though prices generally still
held the gains made In the forenoon trad
ing.
In the late trading prices shaded Off frac-
tionally on proft-takfng and on reports
from Washington that the German protocol
submitted to Mr.. Bowen would not be ac-
cepted IL its present form.
Leather stocks were strong and active
today on talk Of payment of accrued divi-
dends on the preferred stock.
The market on the whole today has acted
very well and, barring fresh Interruptions
to amicable adjustment of the Venezuelan
protocols. Is likely to go higher.