The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-06
THE EDITORS VIEWS.
What the New York Evening Papers
Say About the Stock Market.
(Special to The Times. DISPATCH

Especial to The Times Dispatch.)
NEW YORK. Feb. 5.--Thc Commercial
Advertiser says: To-day's market had the
usual characteristics of a speculative cam
paign for the rise. There was nothing in
the outside news 10 call a halt on pool
operations. and these had the encour-
agement moreover of some, although not
very large, extension of the outside
faher pas on ret oes ca .hs
amounted e $4,000 since last Friday;
be largely offset by incoming currency
from the interior. The coal stocks and
the steel shares divided first place in
~ Reading was the leader of the coal
night and the first and second preferred
also rose sharply on light trading. Enor-
NOUS transactions We're the feature in
Ontario and Western and Erie common,
without any noteworthy change in price.
in the steel suit was the ostensible rea-
son for the heavy buying of the Steel
Corporation shares.
Tennessee Coal and Republic Steel ad-
e vanced merely in sympathy.
The local fractions came into promi-
Brooklyn Rapid transit, but enthusiasm nt iiaa m
in this quarter quickly subsidized.
Considering the market as a whole, It
was sull moving pretty obviously under
the strength In special stocks
Advances in the usually active railroad
\ shares We're limited TO small fractions.
and as a matter of fact, little attention
was paid to them
The Mail and Express says: BY far the
was the decision of the New Jersey Cour,
of Errors and Appeals In favor of the
United States Steel Corporation in what
IS known as tho Hodge suit. Naturally
the steel stocks moved up quickly on ar
market, for other securities was furthe1
strengthened. The decision reverses tina
of the Chancery Court restraining thu
stock conversion.
The Importance of the decision extend.
beyond any mere influences on the price
principle is involved, The Endorsement o
the company's conversion plan at Thu
time 1t was submitted 10 the stockholders
was ratified by an approach to unanimit.
that was something really remarkable ii
rssRsSt to oa @ WIN the larg
There We're other market factors of
favorable nature that caused Il genera
Else IN prices n the early operations. Tn
/ In their traffic stalements. some of which
are are, very important The New , York Cen
the month of January, which emphasize
the. pressure of grain freIghts at the Yves
z and ne large outward II MERCHANDISE move
was enabled 10 save $4,000 TO the net 10
s3la,s7G.
The Evening Post says: Perhaps becaus
of the Irritating incidents of the Venezue
Ian tangle; perhaps because Of the Bal
kan war talk' IN Europe (Which clear
~ governed today at least one foreigl
market. or perhaps again, because q
4 the near approach, Of weak salurda,
bank statement, whatever the cause, ID
days stock market ended uncertain an
unsatisfactory,
Early In the day prices generally wen
up a fraction, but there We're few realI
noteworthy advances even then, and i
the closing hours slowly recedlng price
we're the rule,
Taken aa a whole. the market calls ia
no great comment.
Lopdon sold moderately. but. as its ow
u kecpHttes held pretty firm, this coul
hardly have been u result Of war talk