Show MARKET ROSE ROSEAND RO MARKET AND TH N JELL FELL I Io o t 1 I 1 I Opening Op ni g Was W parked Marked ark by bj Much Much i Strength and Activity I II I I FEAR OF MANIPULATION JI J I I JI BELF THAT TT WA WAS DUE DU TO SPECUlATORS SEd T R J Jc c S New York York Feb 10 The he spirited strength and activity with which the stock sto le market opened today td was waa not maintained and the te tone ton of the market became gradually more reactionary rea and argi ald at last lat easy eay with wih general g net de declines dines clines running to a point or r more in a afew a afew few tew of the leading active stocks The prominent of these tese was Wabash preferred in which so much of pf yester yesterdays yeste yesterdays days da s strength strength and activity centered This fact made the speculative senti sentiment sent sentiment ment susceptible to the fact which be became became became came very obvious this morning that there was very ver large selling going on of Wabash preferred under cover of or the new strength which it i was sought to tod develop d elsewhere The suspicion got abroad that the apparent active de demand demand demand mand for these tese stocks stock and and the show of strength which this gave to them was due rather to skilful manipulation by the speculative pools ha having ng them in hand than to any sudden realization of their vahie va at present prices price on the part p t The of a a widespread public demand whole movement of the day was strict strictly strictly ly technical and was little by any of the days news The size of the individual orders in Rock Island for which the accepted unit seemed to be 1000 shares gave an artificial appear appearance appearance appearance ance to the movement in that stock so that it i had little impression on senti sentiment sent sentiment ment when it i was wa moved upward rd in the te face of o the general reaction which took hold of the market during the second sec hd hour The support of Missouri Pacific had h d no better bett r success in restoring the tone of the market The A 1 were their turn in the advance and among the specialties Amalgamated Peoples Gas and Brooklyn Transit and d American Smelting were conspicuous Sterling exchange continued to t advance and London to sell sel stocks stock here but these factors were no more prominent than during yesterdays strong stong market maket Call Cal money continued easy and nd an n ad advance advance advance vance In sterling at Paris sufficiently offset the rise here to tp keep gold exports export beyond profitable limits The bill bI intro introduced int introduced yesterday by the chairman charman of the finance committee of the United States senate for liberalizing the provisions for deposit of or United States s funds with national banks was considered an im important important influence in the opening op ning strength of the te market market The approach of ot the Thursday holiday may have have had bad hadit Itt its it influence upon the realizing move movement moye ment of the day I The bond market maet continued irregular Total sales par pa U S new regular and d the de declined de cUned per cent on the last call cal |