OCR Text |
Show ILarge Dealings and Varied Fklaata Stock Speculation Attributed to Court Action in Northern Securi- ties Case. ! NEW YORK. Jan. 30. There was groat ! aotlvltr 1 today's stock market, with lnrgo dealings and with constant fluctuations, fluc-tuations, but the net changes do not In any degree correspond with the wldo movements of the day. Tho mainspring of the speculation was the action of tho , Supremo court In tho Northern Sccurl-! Sccurl-! tics cnoc. Last week's buoyant rise In j the stocks which have responded to the j various developments In tho Northern ? Securities caso was associated with a j general conviction In Wall street that the court had reached the determination to refuse tho petition of the- Harrlman ' party for a writ of certiorari to review i the decision against them In the lower Bypermltting tho Immediate distribution distribu-tion of Northern Securities assets, fcuch action by tho court. It was fell, would practically determine the- contest. The i anomaly of strength shown by the stocks of both sides to the contest on account of a decision which would be a defeat for one side apparently escaped notice. Tho movement of tho stocks today Fcemed to demonstrate by their final action ac-tion that their advance has not been Influenced In-fluenced by consideration of a decision 1" In the Northern Securities case. But. It was also shown thai . there had been a large speculative following In thia stock, which supposed thnt this was tho Influence Influ-ence that moved thm. Thus, there were again heavy unloadlngs when It became known that the action of tho Supremo ijiurt would have the effect of contlnu-Mk'jlx contlnu-Mk'jlx the Injunction under which the North-IrtcJi North-IrtcJi Securities company Is lied up. Thnt wJlrpmi lteelf fell back nearly S points on IVthe i curb market, and Union Pnclrtc, Southern Pacific and St. Paul wcro acutely acute-ly affected on tho exchange. The determined accumulation of Union Pacific at the lower levels and Us vigorous vigor-ous movement upward again presented other causes for tho advance and tho : mysterious poer of the railroad "deal" : again asserted Itself on tho speculative ' temDer Union Pacific. Southern Pacific. ' St "Paul Chicago & Northwestern and ; allied stocks. Erie. New York Central, the Vanderbllts and Kansas City South- em, were all influenced Immediately by ' the suppreltlnn of the deal. Disclaimer of the deal stories said to be with official sanction, but anonymously anonymous-ly reported, had no effect on the specu-, specu-, lativo excitement. Outside of this Influence, In-fluence, there were no clearly defined fic-i fic-i tors in the market. There was some dte-: dte-: position to attribute tho strong recovery recov-ery to tne retreat of tho bear Interest., "which hits made 'demonstrative threats Jagalnfit the market for some time past. The special strength of Amalgamated JCopper was attributed to this causo. 1 Interviews with ralfroad traffic offl-fclals offl-fclals pointed to slight Interruption of tho Ifrelght movement by last weok's storm instruction, and the merchandise move ment was said to bo well maintained. Foreign fnctors fell Into the backcround. Money was again very easy and the pros-. pros-. pects of largo additional exports of gold caused no disturbance. Except for the i : Harrlmans and Vanderbllts. there wore ' not rnanv stock that recovered to above 'Saturday The closing was steady and iot very far from the averago of Sat-'urday's Sat-'urday's level ... . I Bonds continued to bo well absorood. iboth on the stock exchange and over the counter but depression of some of the tsjttculatlve Issues made tho movement Irregular. Ir-regular. Total sales, par value, $i.47a.- IjO. United States bonds wore all unhanded un-handed on call. NEW YOnix EQXX LIST. ' S rcf Cs rc lWV7 Jnpaa Ca cert . S3 'Caurori . . L & Nash Un ts .lOHi j S 3g res 103 Man con O1'1 n 10C1'i Coupon .. . lOtVi Mexican Ccn 4s .. "4 , S tier U rep lM'i 1st Inc 5$l4 Coupon 131Vi Minn & St L. is.. Wt S Old to tw Mo Kan & Tex i 101 Coupon . - 2nds S7H im Tol 4s ccr ... Wat of Mox con la 82 Un Tc O cor .. 1131 N Y " Ecn 3Us ..UH Itchlfon gen 4s .104 N J C sen Co 135 Uchlson n'ljt 4a . Soi Pacific 4n Mian Coast 1 4s 1011; Xo Pacific 2s . . 7S .Halt fc Ohio 4a .. Mi N' .K; Wept con 4a.l03 faall & Ohio 34 O S L rfdc 4h f7"i ICeniral of Ga 6s 11314 Tcnn conv 3 ..lMSi lot Inc 3? nend Con 4s ....102", 1 2nd Lie "0 8 L U I M con 61 117H Pirs & Ohio 4Hs .103 S I, 3 F fg 4a .. tU iChl ft Alton 3iB. 82 S L S W con 4 .. S3 HTil B ft Q n 4s lflOT4 Sea Air Lino is .. S9 ."CM n I & P 4o.. fir,, V) Pacific 4s .... M"'( Col C So Itv ta JlOTi. & 8 L g 4s mi Tex & Pac lnt.! ..Ill fel'.Ctal'Tcrmlnal 4s . MH Tol S . & W 4h . rpfislo Jllilland Is . 744 Union Pacific 43 .10SV, 'Ifolorodo fc So 4s K'4 Conv In 12i Cuba U cert 100',-i U S Steel 2nd Ea . 01 ' I) & P. C. U . .101 Wabash lata .. ..119 ; DIstlllcrN' Sec 6U . 795J Wabash Dc4i It . . CS J Erie prior lien 4s 102 Western Mil l .. 92T EtU. General 4k . 92 Y.Tiecl & L. E 4h.. 65tl . Ft W & D C Is.. 111 V.'ls Cen Is Mi IIIoc!e Vol . ..110U CLOSING STOCK I,ISST. 1 Salon. Hlch. Low. Clo?. Atchison . ... 6.51 S7i 87U S714 prefctrcd 7.700 100T4 1MH lftji; Atlantic Coast Lino .. 700 123 122 1224 Ealt & Ohio 10.2CO 102H 101 102Vi f preferred 1M 9CM, K'.i W -Canadlan Pac 3,900 133 133 133 a'.QM .of X JorEcy 1.4M 1MV4 19S lt5V4 ..Ch(3 & Ohio 7.G00 49 13- 4Ry Ii.Chlc Sc Alton 3.200 13-H 42.i 41K Preferred . , 200 S3 2U ;Cb c & O. Wert 17.2W 23U 23 23H Cji c & x v.-OJit 11.&X) 2I3 231 4 2334 I,Ch c Mil & St Paul .. 7.G00 177V4 174Vi 17CH .Chic T & Trans 4.90O 1S 18 18 . Preferred G,6M 32 30 32 SC C C tc St L 13,400 102K 9SH 101 ,Colo & South 1,700 2i 2.1 23 'i, t prefcrrofl m (3 E2t C2i 9 tnl preferred" 700 37 37 37 jltelawaro & Hurt 1.400 lS3ft 1S2 lMVi I'PtU Lock & West ... 310 JIIO ,.. 100 Sill 31i !K ? preferred 200 Jfi'.i MV4 W J 12C.CO0 14 3Ii 43H ;i ll preferred H.aOO 824 Sl S2 fU2"?, Preferred , 5,500 07 C5 COB iIwitin,; valioy v 87 il preferred v &0 .Illinois Cent 4.0M 15SH m", llowa Cent 00 29 20 Vj J preferred .. 100 WV4 CC i Ilvan City Southern ... S.5O0 314 20 3014 3 :p preferred 27.000 CI 59 C2; m v.U)Uvlllo & Nash .... 2,80-) 137 13614 13W SiTrtt?fUnn L - U20 llt'' 170 lTOVi 'Ml Securllloa 300 1CV, 7CU 7C 'Tri!1.61 Il 1.44 11C 115 115 I .,fx,ctt t'ent 1.C00 23 22 U 22H I nu & st Louis W Ilnn St I' 4 8 S M ... 1,000 M 97 65 .Wcferrcd 0O 157 167 157'i ;lMourl Poo 0,500 107 1C0; 105 Kan Sz Tex 300 51 31H 31 preferred .r. C5i C3 v Ci'A P .(".at U Tt of Mcx pfd .... .... 2A J ;v,ew' York Cent - 40.1&1 11711 1IS,4 14C; Out & Wr-st .... 4.KO 41 44 IK 0 ort &. Weat 2,001 76 7Sft 78 C preferred 92 Pennsylvania 32,200 137 13C 137 P C C & St Louis "6W ReadfnB 34.000 S3 S7 87 iBt preferred 400 92 9 2 91 2nd proferrsd 87 Rock Island Co 15,400 35 21 35 prefcrerd ,. 700 S2 81 80 St L & S F 2nd prd .. 200 70 70 70 St L S West 200 2 26 25 preferred 200 60 C0 61Vt Southern Pac M.OiM C7 -.' M preferred 3,100 118 1171 117 Southern Ry 9.200 31 33 31 preferred 900 S7 97 97 Tex & Pac L200 34 34 34 Tot St L & West 31 preferred 100 53 53 63VJ Union Tac 3S0.100 123 119 123 preferred S'ttt Wabash 400 22 21 21 preferred EO0 44 43 43 W & Lake Erlo 100 IS IS 18 WlBConoIn Com 500 22 211 21 preferred KO 4C 45 45 Express companies . Adamo , r. .... .... :,0 American A .... .... -20 Unltwl Stnte i If Wells Fargo . .. 240 Miscellaneous Amalg Copper 51. (M 73 71 72 Amor Car & F L200 33 33 33 preferred SO1) 97 01 93 Amer Cot Oil 100 3; 31 33 preferred S3 American Ice 4M 6 C C-l preferred 1,000 35 37 35 American Lin Oil 100 1C 10 16 preferred 30 American Loco 7.nno 3S 30 20 preferred W) 111 110 "OX Amer S & Ref 1.900 SC SS S.1 proforrctl 1.900 119 119 118 American Sugar Ref .. 4,201 112 141 141 Am Tob pfd cort 4,300 P4 91 91 Anaconda M Co 300 107 100 100 Brooklyn R Transit-... 5.600 61 60 00 Colo F & Iron 19,700 IS 4G 17 Con Gas 2.500 204 203 203 Corn Productn 1.000 20 20 20 preferred 100 70 76 70 Distillers' Sccuro 1.100 37 30 35 General Eloctrlo 700 185 184 181 Interna Paper 100 22 22 2i preferred . '4 Intorna Pump 200 SS 3S preferred - 5J? National Lend 3.S00 27 20 NortK American - 2W 100 100 100 Pac Stall 200 43 43 42 People's Goa 1,000 107 100 106. P Steel Car 301 37 37 37 preferred 700 92 91 91 Pullman Pnl Car 238,, Hcpubllc Steel $00 lb 1&4 l?t preferred LOW 69 C7 GS Rubber Goods 200 27 20 27 preferred ,, Tennesieo Coal & I .. 1.300 72 .1 U S Leather 6.100 11 13 13 preferred ....... 3.400 102 102 101 :, U S Realty EH4 4 U S Rubber 700 37 36 3 preferred 300 100 1W 100 U S Steel 71.400 3 1 29 30 preferred ' 42.300 93 94 94 Vlr Carolina Chcm .... 300 35 34 3 preferred 100 108 103 10, WcstlncIioUEO Elec .... 200 180 ISO 180 Western Union 200 92 92 92H Total sales for tho day, 1,283,300 shares. New York Stoclt Letter. Jameo A. Pollock & Co.. bankers and broker brok-er 6 Went Second South street, furnish tho following stock letter and go?slp, received over their private wire. NEW YORK. Jan. 50. Logan nnd Brjan Stock Letter London has bcon a largo buyer of stocks on balances, purchasing Lrlo on enormous scale. Vonderbllt 3 stocks aro sharply sharp-ly higher with nig Four the feature. Canadn Southern, another -Vandrrbllt property, was brought out and mado actlvo. Tho notion of this group of stocks would Indlcat something of a favorable character nbout i- develop. The list all through ban been active, tho volume vol-ume of business oxtrcmely large. Wnllo tho markot may hesitate and halt hero nnd there, we feel thut tho trond Is upward and believe underlying conditions improving day by dny can but bring higher prices. New York Hutton Stock Lettor Market continued upward undor leadership of Union Pnclllc. St. Paul, Northwest and Omaha. Heavy tran;actlon6 In those In anticipation of decision which appeared about noon. It seemed that Mr. Harrlman Is In a position to be favored fa-vored regnrrilcss of final rtcclnton. Ho has been a Ix-avy buyer of Northern Securities. Tho general tenor might be looked at aa being strong at the close with Indications of higher prices tomorrow. New York Marshal Spoldcr Co. Stock Letter Market has been a strong two-sldod affair today with tho advantage nt the end decidedly In favor of tho long Intcrcsto. Tho declines were, however, only Important In tho Harrlman Rroups, tho break In other directions direc-tions being only partial with no r-vldcnco of speclnl pressure Tho trailing nt tho close to-dny to-dny huggests a continuation of strength In those shores which have- been conspicuous today to-day nnd there seems to bo no reason why tho market should not renpond In other dlrectionh to the Improved sentiment on values which should result from the consummation of various vari-ous understandings and deals recently talked ubout. " Now York T. A. Mclntyrc & Co Stock LetterGeneral Let-terGeneral slock market sentiment was upset up-set by the announcement shortly after 12 o'clock that the United States Supremo court liad granted the application of E. II. Harrlman Har-rlman and others for a writ of certiorari to review tho decision of tho United States Circuit Cir-cuit court on the Northern Securities caso. Tho tone at tho closo was Arm nnd active with total transactions of over 1,250.000 shares, moat of which wan In Union Pacific. St. Paul. Eric. Southern Pacific and this steel stocks. Nothing of special importunct- trnnnplrod out-r.ldc out-r.ldc of the Northern Securities decision except tho rlM of nearly six points In lilg Four Mocks to tho now high record price of 102W. and tho strength and activity In Canada Southern and Northwest, all of which was on buying by Vandcrbllt brokers. One of the potent factors which helped to rally the mnr-ket mnr-ket so ehnrply In tho late, trading wns tho un-noinenmonl un-noinenmonl tint the hearing of review In thf Northern Securities caso had been sot down for February 20, as both aides arc anxious to obtain a ilcclulon as early nn possible. This Is regarded as Indicating that thin matter will bo dleiKJScd of within the next two inonlha. Now York Walker lJrolhers Slock Letter We look for an aotlvo nnd advancing market. New York Dick Brothers Stock Lotlcr Market Mar-ket haa been very excited nnd erratic toduy. The unexpected decision of tho Supremo court of thn United States, granting the Harrlman yloa for a revision of Northern Securities care, caused a great deal of selling in-tho merger stocks and throughout the markot. At one time Union Pacific was thrco points bolow Its opening on tho declines and subecquontly prices rallied r.o as to recover noarly all tho losses. Close was generally strong With most stocks slowing recoveries of practically their early lefees. Now York Summary American stocks In London strong with Union Pnclflc and Erlo. very .strati g. Reported Northwest sjv'll be purchased by Union Pacific ami New York Ceritral for ?300 a whare In 2 per ci-nt bonds. Union Paclflo earnings approximately 13 per cent on common stock and convortlbln bonds. Mfrgan. Vnndarblll and Harrlinan Intv-rcstt now control Erlo with complete understanding with Panniylvanla. Ranks gulnji from s-.ib-troanry on Friday, J.i. 322.000. Canadian Pacitlc net earning? for December, Increase, tSl 523. Twelve Industrials advanced 33 per cent. Twenty active mllroails advanced 1.10 per cent. New York Money. NEW YORK. Jan. 30. Clono: Mr.P'y on call steiidy. 1C2 per. cent: closing bid. 1 offero.1 nt 2 jrcr cent. Tlrno loan?, raoy; rlxty and ninety days, 3 per cent; Mx monthc, Z' scr cent Prima mercantile paper, 3'ffl per cent. Sterling exchango ciisler, cIokpO llrrn, with nctiml buslncs.1 In bankers' bills nt J4. S7.30B I 87.85 for demand, and nt $4.g5.iVruM.Sj.&; for sixty-day bill:. Posted rates, S .EC and 14.83. Commorclal bills, $t.5. t Bnr sllvflr, Clc. Mexican dollars, 4?c Govornmont bonds, steady : railroad bends, Irregular. " SAN FRANCISCO, Jan, Jo'. Silver barj, Oic. Mexican dollarv, 00c |