The San Francisco call., 1905-02-09
New York Stock Market.

NEW YORK. Feb. s.-The stock market
had its strong points to-day which acted
with sustsiuing effect on the general list, In
accordance with the precedent of several days
previous The movement IN Reading ana on
tar1o and Western was carried over from yes
terday But on me other h&nu. gesle.e
ouoyant rise IN norfolk and western, Atehl-
evidence ot having run out ara ha-.eu ~
or turned back to-day There were news
developments Of interest and Of importance,
but price movements showed no direct renee
tion Of these influences Yesterday rise IN
Atchison. unexplained at the time, found the
motive in the election to day or b II. Hsoe-
ers and Il c. Frick 20 the board OF direct
ors. Wall street regards this is confirmation
OF q report now several months old Of ex-
tension OF holdings in this property in the IN
teresr OF Cr1On Pacific domination IN the
rrs-scor7+i-er+si -silroaF 1eld This particu-
lar report had long dropped out OF sight. and
had not figured in the recent busy ruEnoTs OF
railroad deals. II is the first really suostan-
public 10 corToborRte the belief that the par
ticular party Of lnanciers thus represented
Is reaching out Tor extension ana consolds-
tion OF control in the railroad field To this
extent il served 70 revive confidence In some
degree in other deal rumors which have been
influential u the speculation Lnlon Facinc
was the only one Of the stocks Immediately
concerned TO be much affected to-day, Atchison.
Itself, as has been seen, being subJected
70 realizing. The rise in Reading and Ontario
and Western had some explanation in the high
rate OF January production Of anthracite and
in the reports or reduction OF stocks on hand
which is resulting from winter obstacles. But
other members of the group OF coalers were
unresponsive, notable the Fries. The easier
tone IN the exchange market and the check
20 the export OF gold to France had some ef
fect on speculative sentiment although large
engagements for Cuba and South America
served as g partly Offsetting influence. For
elgn discount markets were inclined to be
easier, and the price Of gold was lower in
London. while sterling exchange advanced in
Paris. Peace runors continued TO affect the
fcretgn markets. and there was some buying
? -re of stocks FOR foreign account. Reports OF
further purchases OF pig iron by the United
states Steel CORPORATION was regarded
sarisf actory index Of the industrial situation,
but United States Steel stocks were not af-
lected- There were many advances however.
al other points Of the Industrial list. There
was some talk that New York New Haven
and Hartford extending its holdings Of
Ontario and Western. and this way held TO
count Ter the buoyent upshoot in that stock.
which served TO support the market AT the
last and made the closing strong Previous TO
this the large realizing, which had been in
progress all day. had rather generally over
come the firmness Of the market. The large
number OF offerings of new securities, which
Is IN evidence IN the financial advertising from
Gay 10 day. the local closing up OF under
writing syndicaJes and the ready absorption
OF new bonds IS a factor in the prevailing
strength Of conditions in the investment mar
ket-
Bonds were firm Total sales (par value),
Sezl0. 900.
United States bonds were au unchanged on
call