Omaha daily bee., 1900-12-14
MOVEMENTS OF STOCKS AND RoNDs.
stocks Affected by Weak Bank Statc-
mcnt-nOmd Market RenciInnar.

NEW YORK, Dec. 13.--The stock market
To-Day To-Day vas less under the influence of the
strength or individual stocks and more
Under the coming exigencies of the money
inarket. Even the sensational and buoyant
rise ,,i IN the Erie stocks in tho last half hour
naruly served to more than check the lidui-
dalton which was in active force in the gen
era, market Twenty-eight years is given
pany stock sold as high as so on the stock
exchange. Today the first preferred sod
at 52as In the late dealings Extreme ad-
were for the common 3ls: for the first pre-
ferred, Az, and for the second preferred
a contract OF sale had been signed between
the pennsylvania Coal company and syn
,h.a aiSate headed by the central power In the
buoyancy:. The bid for Pennsylvania Coal
was rapidly advanced without bringing any
teryals, and lot of 100 shares was sold at
s!.9o and another at $40 Last night tho
market Tor this stock has been purely NOM
inal, and Il sold at 81 50ts last month, which
WAS the highest price of the year. Not
os the Erie stocS see5 Snd of 5hs
made by spectators to emphasize the
general benefit to result TO the anthracite
industry as whole the effect was very
small even on the other anthracite stocks
which were none of them more than steady
southwestern railways % b bmyinS seem,nsav nm sas
In the interest of the bull pool The effect
was most noticeable In the Wabash securl-
,Otherwise selling was general throughout
the list and those stocks which have per-
sisted In their upward movement this week
noticeably true Of the stee! group, in which
the declines ran up to 2 points or over
Sugar and the New York public utilities
dated Gas, numbSr OF other prominent
stocks, both in the railroad and Industrial
list, fell from to IL. The large absorption
of special stocks earlier In the week 10y
powerful financial interests with indepen-
dent resources has encouraged the hope
among speculative operators that some re-
lief was to be forthcoming from the threat
ened stringency In the money supply. At
one time II centered In an expectation that
the Treasury department would buy several
millions of bonds for the sinking fund. The
for government bonds by the treasury at
the same time that they are inviting con-
version into the refunding 2s, which is to
continue until December 81.
Another hope was that the rise in the
money rate here would bring gold from
London, but the firmer tendency of ex-
change late yesterday. grown, more em-
ulative contingent face to face with the
certainty OF very weak bank statement
on Saturday. Already the subtreasury has
market, compared with a surplus reserve
last Saturday OF only S.. .701. .125. On Monday
next the checks in payment of the Standard
house, involving the disbursement Of SO.
100000. The preparation for this dsburse-
ment is likely to make additional inroads
on available credits and so increase reserve
The bonds Of the Erie company and some
of the southwestern railroads were In de"
mand today. Otherwise the bond market
value. q, 7sS. .oo0. United States refunding 2s
on the last call.
The following are the closing prices on
the New York Stock exchange: