Omaha daily bee., 1900-12-01
MOVEMENTS OF STOCKS AND BONDS.
Large Business in stocks, but Activity
Not McIl Maintained.

NEW YORK, Nov. 3.-There was n large
business done In stocks again today, but
tho activity was not well maintained
throughout the session. The surface indi-
cations were for large early business for
cans advanced in London before the open
Ing here. This was In spite OF the general
heaviness of the London market, due to the
money market conditions and to the dis
couraging news from South Africa; But
after the opening here foreign arbitrage
brokers were sellers OF stocks. and their
sales on balance for today were estimated
at 10000 shares. The inference Is pretty
plain that London's early advance was on
don transactions in this market were on
the selling side. They had little influence
on prices, which went to the best generally
after the arbitrage operations had ceased.
The influence of the mid-week interruption
of Thanksgiving was still manifest today.
There was much closing up OF accounts on
position to reopen them today for a day
and half of trading. With the exception
quarters of the railroad list the trading was
therefore rather languid especially during
the latter part OF the day; IA hrmer rtsa Ten n
the call loan rate to Az per cent late In the
day were also an influence toward repress-
ing activity. Preparation for the monthly
with this development but the transfer
through the subtroasury today or siooW.
demand upon this center for interior needs,
which would prove a serious drain upon
the money market. The forecasts OF tn9
change in the cash Item for the week past.
The subtreasury has absorbed S,Il2,WO. In
cluding the sums deposited for transfer to
the interior on the regular express move,
ment the banks seem to have gaineh
enough to about offset this. But move
OF cash, which are difficult to estimate, are
likely to complicate the statement Inc
loan item is also matter OF surprise. bu,
the rise in the money rate this afternoon
is a pretty reliable index of some impair
ment in the condition of the banks: pr,ecs ,hers
of stocks were affected by ,h,s; ;s paI and 'ht the
closing was firm but not at the best. IN
the railroad lists stocks OF southern am, ana
LED @ and by chsssdPeatfst elSssd al the top
Alton stocks rose s,rongEb ne OF m
portant interests. Paninc Mall reacted y.
The American Smelling stocks were weak
early on an alleged pro'H1Gt p,1 TO strnnriv and
ward course OF Amalgamated copper Ths ths
stock has a net gain on the day. Inc stee;
stocks were rather neglected all DAY anu
they show changes S0th astVe wts and strong
with n notable demand for Kansas q
Texas St Louis southWSe;s.eph SS;Sop and SII Read,
Pacific Union paciG lilies A'enrsUn Snr Value % $3.50
mS ms United fnitsd states rounding % and the S.
registered, declined 4, and the m new - au-
N'reu The Commercial Advertisers London
,iIai'I ,i ra fairly active and cheerful today.
Ivre Iivnericans were brisk but erratic finish
Ing at the best. London bought m9herase.y weye
40 aaso,Iusrilia I g. Nashyil,es on n rumor that II
IS going e. on a 5 per cent basis and Shesa-
peake e Ohio on rlmors about a., a oiV,ue6,1h zen I
SoIset oonorts and saw the boom is over. They!
think think reaction IS probable, but admi' faiI
Inat SS tieS o9rer bond tender today was said
81 ing have been placed at a shade under ~
when REGARDED as %ere pro-
Eiiu .i % sor The bank is still doing sooo
hmsness hu in discounts, but the market nc
longer needs to borrow ,,os On
The following are the closing prices vi
,ha New York Stock exchange: