The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-02-17

D.
preferred, Unchanged
WALL STREET GOSSIP
Standard oil Crowd Building Wabash
Industrials Make Good Showing.
Special to Tho Times Dlspntch.)
NEW YORK, Feb. l6-Althongh tho
trading was somewhat specialized the
opening of the stock market was gerler.
a cheerful tt tone le'' among their customers,
who were paying more attention TO tho
termination OF the Venezuelan dlMiculty
and the prospects Of the Aidrich pm t M,
ment.
BROOKLYN TR4ANsIT:
Brooklyn Rapid Transit showed consid-
cradle strength and was said to have been
taken In hand by the later connections
of the company, who had recently y, accu-
ports Of earnings and economies In
operating were favorable.
AMALGAMATED COPPER:
of rather strong pool manipulation. The
advance was accompanied by. reports of
favorable trade conditions, and there was
some revival Of runtors Of peace among
conflicting interests
WABASH BULLED:
The Standard Oil crowd were reported
as the most active bull influence IN wa
bash preferred.
UNITED STATES STEEL:
In The late trading the Steel stocks be-
came active and prices ruled substantial,
~ higher. 1t is said that early steps VIII
be taken to carry out the bond conversion
plan and statements Of tho orders on
hand continue 10 show no abatement in
tho pressure OF work.
FRANCHISE TAX:
The strength in the traction stocks was
probably influenced to some. extent by
advces from Albany. Considerable ac.
tivity In political circles on their behalf
was reported in some quarters and was
said to bear q relation to tho expressed
views of the Governor on the franchise
tax.
portance to the report that power facili-
ties would be completed In the near future
and would have an important effect upon
earnings and operating expenses.
HILL DENIES RUMOR:
James J. Hill Is quoted in st. Paul dis
sys 1 aInyng ns George ea Haprs
as president Of the Burlington.
GENERAL ELEcTRIC:
confirmation Of the consumption Of
the deal between the General Electric
and the Stanley Electric Company. these
skeptical souls In the street who had WIS.,
ions of n 100000 Stanley Company with
chip on its shoulder for the General
Electric Company have subsidized. Inter,
est now centers on the rumored General
Electric rights.
AMERICAN LOCOMOTIVES:
There was revival of bull talk on
American Locomotive and some good buy
ing orders were apparent. There was no.
thing to confirm the. rumors Of dividend
The companys business, however, IS very
large at present with no diminutlon IN
orders ahead
WESTERN TRADING:
Western wire houses reported a few
buying orders In the Changers and Paci,
nc during the day, and anticipated a good
deal of activity In these stocks from now
onward on the winter wheat reports. 1t
is, of course, very early to judge. but the
weather SO far throughout the winter
wheat belt has been all that could be
desired.
THE INDUsTRIALs:
trading was the advance in lndustrlals,
which made a better showing than for
long time North American advanced
z PGints Slos r.
and United States Rubber preferred l.
SUGAR STRONG:
=
reports. The advance in the price of re-
fined sugar was the principal feature, but
the large demand for raws and the ex-
ceptional activity for the time of year
made lower Wall Street bullish, and the
principal buying came from that quarter.
UNITED STATES STEEL BOND:
The most trustworthy information In
the street was to the effect that the steel
bond plan would go through as originally
projected The principal point of inter-
est was what would be done with the adj
ditional 100000 Of bonds. Some people
professed to see significance IN the
strength in Tennessee Coal and Iron. al
though there was nothing forthcoming to
confirm stories Of absorption by United
States Steel.
THE CLOSE:
The close was steady and rather feat
ureless. although advances in specialties
were for the most part maintained. Trad
ing was very professional, but sentiment
was cheerful and traders were rather in
cllned to cover shorts, as there did not
seem to be any stock coming out any
where.