Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-14
Market Reflected Certain I'M
portant Events.
STREET NOT SURPRISED
Over Settlement of the Montana Cop
per Dispute.
REACTI0NARY COURSE STATED
Heavy Dealings In q. Pm. p. and
N. Y. Central Strong and Active
Money Firm.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, February 14.-Today's stock
market acted as 1t very often does upon the
realization Of important events which so
far as public knowledge was concerned had
previously occupied the field of rumor and
conjecture. The definite announcement OF
the settlement OF the protracted dispute In
the Montana copper field did not take wan
street by surprise, and neither did this
mornings announcement that the DIVIDEND
on Union Pacific had been advanced from
a ; per cent to a per cent annual OASIS
Both events have for some time past been
accented as fairly well assured In we'll
Informed quarters and particular Sig
nifcance needed TO be attached to the
reception which the stock market today
accorded to these important Items OF news.
1t is highly probable that the full 1mpor-
lance and significance of the copper settle
nent will be slow in finding recognition IN
speculative circles.
1t may be that the reactionary course oil
Amalgamated Copper and Anaconda MIN
ing in today's dealings was caused IN part
by the conviction that those concerns hao
not got the better end of the ong-protract-
ed negotiations with the opposing interests
but such a conclusion takes only a snort
view of all the bearings OF the settlement
BY reason of the latter good deal or
light is thrown upon the recent reactionary
course OF copper metal. as on account Oh
the successful turn of the negotiations IL
IS certain that there win be a vast increase
in the production OF the Montana mines.
In the curb market United Copper STOCK.
for the same technical reasons which were
effective in the course of Copper securities
on the stock exchange. was also reaction
airy.
Several shipments of gold to South Amer
Tea were announced by various banking
houses. but seemingly these transfers oil
the metal carried no particular influence
upon the dealings In securities.
The banks have lost to the subtreasury
I'D to this morning 50. 3S7 600, an amount
which will be increased by today S goid
shipments and the aggregate VIII make
sum sufficient 10 cut a large figure In sat
uruay's bank statement
Optimistic views regarding the outcome
of the Moroccan conference served again
to sustain prices in the London stock mar
ket, but American securities were feature
less. and very little was done here on bal
ance for foreign account.
Union Pacific Active.
Union Pacific was very heavily dealt in
and fiuctuated widely and irregularly. Now
that the stock IL established upon a regular
per cent basis. interest in its position
would undoubtedly shift to the question as
TO what may be forthcoming In way OF the
distribution OF the special equities which
have accrued to the company through Its
interest In the Northern Securities shares.
Northern Pacific was again today exceed
ingly strong and active. while Great North
ern preferred moved within small limits.
There was little in the dealings in the Bur-
Ungton and Quincy joint per cent bonds
TO suggest any immediate and important
developments In that direction. although
Wall street is strongly disposed TO asso-
ciate the advance In Northern Pacific stock
with the prospective retirement of the Bur
ungton Joint bonds.
Price movements elsewhere in the railway
list were irregular and for the most part
limited