Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-02-07
Price Movements Were Very
Uncertain Today.
BACKING AND FILLING
Transactions Fell Far Below Yester-
days Figures.
DEALINGS IN BONDS NOTABLE
Confidence Unabated In Opinions
of the Street on Certain Properties
-Industrials Very Active.


Special Dispatch to The Star
NEW YORK, February 7.-Today's stock
market was comparatively dull and price
movements were very uncertain and appar-
entity without much significance, being TOT
the most part of the order described as
backing and filling. The days total Trans
actions in stocks fell far below yesterday
total and recent averages, while on me
other hand the dealings in bonds, and par
ticularly in the semi-speculatlve issues
showed a noteworthy expansion.
Signs of greater interest In the last named
direction have been multiplying OF late ana
are not remarkable In view of the general
level of the stock and the prices at which
higher grade bonds are quoted. The specu-
lation in the general stock market found
Few fresh incentives in the mornings news
and the days developments.
The grain markets were Quieter. showing
little further reflection of such uneasiness
regarding the crop outlook as may have
beer excited by the sudden advent OF eN-
tremely cold weather IN the eastern SCI
tior of the country. The prices OF cottoii
options responded to some extent 10 inc
much-advertised new bull pool In that
staple.
The general market gave no decided re-
sponse to the further heavy loss mauc
yesterday by the banks to the suDtreaSui!'
although In consequence the banks IN
favorable balance in their dealings WIN
that institution since last Friday was raised
TO 81, S97, 600
Sterling exchange was firm, circuin-
stance which served to revive uneasiness
as to the prospects for an early export
movement Of gold.
Reactionary Tendencies
Rumors current early in the day In this
regard led to the appearance of reactionary
tendencies in the stock market after a
fairly steady opening.
Another day passed without any vertical
ton OF the numerous now sufficiently we'll
known rumors which have been current re-
lating to various properties. but that did
not serve to abate confidence that definite
which would justify Wall streets faith in
the substantial verify of the reports in ques-
ton.
Nearly all of the stocks concerned were
also quite as steady as the market at large.
There was little change likewise in actual
intelligence relating to the threatened Ia
Dor difficulties In the coal regions but the
outlook In that quarter also appeared to be
regarded with a good deal OF complacency.
A number of dividend announcements and
many additional highly encouraging state
ments of earnings furnished the days real
news relating to individual securities Both
the anthracite and bituminous coal shares
were less animated than they were yes
terday. notwithstanding the already noted
impressions with regard to the outcome
OF the threatened labor dispute.
Great Northern preferred and Northern
Pacific continued decidedly strong, and
Union Pacific. while largely dealt in. moved
within comparatively small range OF quo
tations. number of the lower priced
railway shares including the Wabash and
Texas and Pacific Chicago, Great Vest
ern and the Mexican Central Stocks. were
decidedly firm, and In the bond market the
Mexican Central issues furnished a consid-
cradle quota to the total dealings. AS men
toned above. however a number of other
issues of wholly or semi-speculative grade,
were likewise strong and active.