The San Francisco call., 1905-02-25
New York stock Market.

NEW YORK Feb 24-The stock market
wa more settled to-day and there was a re-
sumption OF strength. This was largely due
u decrease in the fears Of a disastrous out
come 70 the struggle for control or the South
ern iron companies. 1here were less reasons
10 fear a corner in those stocks, ana their
movements were less excited and convuisive
than those Of yesterday. The group was re
garded with more or less suspicion and dis
trust however. which accounted for by
th= continual conflict Of the various statements
and port put in circulation with a semblance
81 arrhf,rif- These We're concerned with the
Progress alleged to be made in the accumula-
tt,n OF controlling holdings In the various
crmpanies and Of the terms said 10 be agreed
upon for payment for the stocks. The quota
tiou in the market continued widely different
from the alleged terms, and the public at
large was much at loss 70 form accurate
conclusions as 10 the probable final outcome
of the whole affair. Activity reverted very
LARGELY the railroad list and high grades OF
fhe stocks most prominent in the trading
helped to reassure sentiment disturbed by yes
terday's sensational fluctuations. New York
Central leading feature and its advance
or over seven points made on much larger
transactions than are usual in that stock. The
principal operations were attributed 10 the
same sources the recent campaign In Onta-
rio and Western. This led 10 revival Of a.
former rumor that the recently acquired con-
troi by the New York, New Haven and Hart
ford Of Ontario and Western was 10 be trans
ferred 70 shared by New York Central.
The move nlent in other Eastern railroad stocks
was largely sympathetic. Union Pacific recov-
cred vigorously from its rather sharp break
~ Iate Yesterday TO a record price at 136 and
eject in the market Illinois Central was the
leader in the Southern group The buying OF
the stock had no other explanation than gen
eraI considers tions Of its relative price level.
Arsalgarsated Copper seemed to be helped by
the extra dividend declared yesterday the
stock Of an important independent copper COM
pany The Wabash system reported net earn
ings FOR January, which showed falling cff
of considerably over 80 per cent from those OF
January for the preceding year, but its pre-
ferred stock was not debsrTec from share in
the days strength. The Gould group was
helped by the very large over subscription for
the SIS. 900. 600 OF Missouri Pacific bonds.
which were offered to-day. The subscriptions
received were reported by the bankers to be
over eight times the amount OF bonds. This
evidence. which is corroborative OF many 9TH
ers. of the abundance of capitai-seelng invest
rnent marks the real sustaining factor In the
present extraordinary market. The upward
movement spread rapidly toward the last and
gained greatly in animation with the outburst
IN New York Central and Union Pacific.
which carried prices with them TO a firm close
Bonds were irregular. Total sales, par
" me- S5,3I5. 600
United States bonds were ali unchanged
NV York Stock List.
z r Hutton & Co.. 40 California street
San Francisco, members OF the New York
stock Exchange. furnish the following official