Omaha daily bee., 1900-12-21
MOVEMENTS or STOCKS AND bonds.
Reaction in stock Market BcGins Tn
der Northern pncinc sailing.

| NEW YORK. Dec. 2O.-The stock market
| today did not vary materially In character
| from That which has prevailed for many
| days. Profit-tating was palpably an
enormous scale and was not without effect
| in prices. but the inroads made were not
serious and the offerings were easily alb
| sorbed, while this partial weakness in the
market did not impair the rush to buy
| stocks which showed any disposition to ad-
! vance. The day ended with the market
more generally reactionary than for some
time past under a flood of selling to take
| prohts In Northern Pacific and other stocks
which had shown the most aggressive
strength during the day. The rush to sell
iMNorthern Pacific was caused by the pub
| llcation in news bureaus bulletin Of the
statement that plan had been perfected
lor the voluntary retirement of the pre-
ferrcd stock In January by exchange for
general lien per cent bonds 1870 per cent
OF the bonds being given for the preferred
STOCK This statement was not vouched for
In Northern Pacific to 81, the price having
touched soy or 6a. over last night. This
movement in Northern Pacific was the
main feature of the market, but there were
various other important movements which
seemed to have relation to 1t. including the
nd Re Erie Genrs Saks st9GsS 5ere MHrHS
street was fun of rumors for plans of COM
binations, looking to new. transcontinen-
tai line, and plans In Northwestern inter-
ests in southwestern territory.
Ihe gains extended all the way from 2
points up to 6ai in Northern Pacific There
was besides a vigorous upward movement
IN MISSOURI Pacific which carried II A..
over last night and caused a revival OF
many old rumors of plans for extensive
consolidation amongst the Gould South
western railroad companies. a rise in
Union Pacific to rs seemed to be due to an
attempt TO adjust the discrepancy involved
between that stock and Northern Pacific
Illinois Central rose buoyantly in the
morning 3h per cent on a belated demand
to secure the rights of subscription at par
to the proposed new stock issue, which are
limited to stockholders of record today
Sugar was the one feature among the
specialties, with a rise of S%s. which was
attributed to a turn against the shorts by
the calling in of long stock.
a rise or per cent in General Electric
decline in New York Air Brake were on
light dealings and attracted little atten-
ton. quite number OF obscure low
priced stocks moved upward from l to 4
to adjust their prices to the higher level
recently attained by the general list. The
market continued very broad but the re-
dictionary tendency was quite marked
through large portion of the list. includ-
Ing the Vanderbilt groups The Nanderbilts
meetings for the various roads in this
group today failed to bring any conhrma-
tion of the recent rumors of stock read
Justmcnts and retirementS pointing con-
clusively to the manipulative character of
these rumors. But this seemed to have lit
tie effect on the credence given to today's
extensive crop of new rumors The main
rate at per cent had a bracing effect on
the market and the continued ease of
money here failed to offer any check to the
active speculation.
The market for railroad bonds continued
active and strong without important excep-
tton. Total sales, par value, S.215,000;
United States Is, old is and 5s advanced "A
and the new As declined "A per cent on the
last call
The following are ths closing prices on
tho New York Stock exchange: