Omaha daily bee., 1900-09-26
MOVEMENTS or sTOCKs AND BONDS
Prices for stocks Are strong, owing
10 CnNe ring One tInnn

NEW YORK, Sept 25.-Today's prices for
erations by the bears who sold stocks last
week while the forced liquidation was GO
ing on. There were signs already evident
yesterday that the professional bears had
overdiscounted the decline. but the failure
of a small Stock exchange firm and the dis
Irlbutlon OF selling orders skillfully ar
ranged so as to appear to come from last
years bear leader strengthened the conti-
dence of the bears. and their attack on the
awakening It again. They continued their
EFFORTS this morning and had good success
l9 19r time IN the most prominent industrial
pies Gas, but the genera, list failed to re-
spond as readily as. yesterday TO the weak
consequence bought to cover all through
the list and wrought some substantial ral-
lies The declines in the specialties were
and Peoples Gas were lifted a point over
last night. Last weeks liquidation appar-
emily outran the needs of the money mar
ket, and the raids upon stocks were not
successful in dislodging selling orders.
some timidity was induced in the bears by
the possibilities Of suddenly favorable de-
velopments in some directions. The cut in
the price of steel rails has not led to large
buying so far as known and railroad Off
Gals expressed dissa abstraction that the
price was not placed there. When the rail
road companies begin to place their con-
tracts for the coming year, however an
erect is sure to be produced on the stocks
or steel companies generally Wall street
Is on the alert for settlement of the coal
strike, but there was nothing to show the
imminence OF any such event outside the
fears felt by the bears While the liuuida-
tion OF last week seems to have met the
immediate needs of the money market
forces making toward the depletion of New
YORK reserves continue In undiminished
torce. The currency movement to the in
terror Is very large and the subtreasury is
absorbing considerable sums from the
money market a sharp fan in sterling
was reminder that New York still DON'T
mates the International exchange, the stiff
ness OF the London money market proving
lnaNailiuR TO check tho 1ppltpp in
in New York. Sterling advanced. however,
IN Berlin and Paris, In spite of the harden
ing money market at those ccnters. While
no doubt is felt that any widespread strin-
Eency In our domestic money market would
view of our large outstanding credits. no
one Supposes the needs of mere specula tive
holders of securities, however violent a rise
In the exchange rate they might cause,
Europe under the circumstances attending
this falls money market there
Bonds active I'm the market show ad-
vances but losses were scored by some OF
value. s950.oo0 United States refunding Is
when issued, and the 5s declined !. in the
price.
Commercial Advertisers London financial
cablegram: The markets were dull here to-
day. Americans opened over parity and
were fairly trm all day on bear closing
though New York hesitated. trading lightly
on both sides. The close exhibited small
gains. The tone was more bullish for
some time. Copper shares were weak
Paris selling treasury bills, and prepara-
tions for the end OF the quarter caused the
market to borrow about 900 from the
Bank of England at per cent. Discounts
were firm. The bank lost 10000 gold to
Egypt Silver was slightly lower, closed
firm.
The following are. the closing prices on