Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-02-25
FINANCE AND TRADE
Sentiment More Cheerful in
Local Market. !.
OPENING WAS STRONG
COPPER CONTINUED TO SHOW
MOST ACTIVITY.
Sales Up to the Noon Hour Amounted
to 2ss, 200 sharesEThe Day
in Detail.
OPENING WAS STRONG
special pispa tch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, February 25.-Americans In
the London stock market averaged III per
cent decline at the start, but in the later
dealings a recovery took place to about
our closing prices OF yesterday. Consols for
money LILO per cent higher; for the account.
unchanged.
In the local stock market sentiment was
somewhat more cheerful, largely due to the
expectations that the Aldrich currency bill
Will be acted upon favorably and to lower
exchange rates due to a hardening tendency
in the money market thereby averting ex-
ports of gold.
The opening was strong and fairly active.
prices averaging u per cent higher than
the closing figures of yesterday.
The copper shares continued to show the
most activity at slightly higher levels, while
the Wabash issues. the most active and
strongest features OF the railway list yester-
day, were only fairly steady at the start
and reacted some, after the initial dealings
on rumors of an impending strike on the
road, but there still appeared to be good
support from interests identified with the
Gould following.
St. Louis and San Francisco issues after
an opening gain of y per cent, on pressure
to take profits reacted some.
Sugar, Union Pacific and Southern Pa
cific averag ed II per cent higher and Rock
Island on purchases said to be for Chicago
operators gained about Is per cent.
The steel shares were somewhat neglect
ed, but showed sman fractional gains.
/ In the local traction shares there was a
renewal Of the pressure on Metropolitan.
and that stock quickly lost over 1 per
cent. - -.--,
The selling was characterized as good,
but there was no news Of any kind to ac-
count for 1t.
The loan crowd disclosed a good demand
for Atchison common. Baltimore and Ohio
and Brooklyn Rapid Transit stocks. show
ing an oversold market In those securities.
Bonds were fairly steady.
After the first half hours trading the
market became somewhat irregular and
slightly lower on the renewed weakness in
Metropolitan street railway stock and on
talk Of higher rates for call money.
After the first hour the market again
be came strong, and there were good ad-
vances in the general list, the gains extend
ing from * to about L per cent. the latter
advance taking place in Sugar.
There was also a new high level made for
the copper shares.
The occasion for this squirt was the reduc-
ton Of IL per cent made In the exchange
rates by one Of the prominent foreign ex-
Sales up to noon amounted to 2s3, 800
shares.
The market at that hour. though little
less active. continued to show good
oeiSh6t lHCtC was u tHree-pUiut dQSduC0
In the stock Of the North American Com
pany on the announcement this morning
of the purchase by that corporation OF the
Laclede Gas Company of st. Louis, Mo.
In the early afternoon trading there was
another drive made at Metropolitan, and
that stock gave way for another break Of
about per cent.
The rest Of the market also weakened
and prices in some instances reacted q
point from the best notably in st. Paul..
Sugar and Amalgamated Copper.
In the late trading the market was with
out special feature. with the exception or
copper. which rallied again to the highest
Of the early. morning figures. the In
centive being the advance Of Ell Der
ton in the selling price for the metal in Eu-
rope. The general market hesitated when
it was learned that the Aldrich bill would
not be considered in the Senate today be.
cause OF the consideration OF appropriation
bills. 49, -,.i.-z 49,