Omaha daily bee., 1901-01-31

STOCKS AND BONDs.
Manipulation by Spectators Creates
ActINIiN In snecInI sIncks.

NEW YORK Jan. 3O.-Todays market
was made up of movements In special
| stocks, evidently under the operations OF
speculative Cliques who brought manipu-
| lation freely TO bear To aid the movements.
An Overwhelming proportion of the total
business was In less than half dozen
stocks.
The first FIVE minutes of trading were
sufficient to demonstrate that very poSer-
ful support was In the market The heavy
offerings of st. Paul were freely bought
ard its decline was checked at 100. The
same was true i'm Northern Pacific aud I'm
the Steel stocks. The official color given to
denials this morning Of the so-callcd st.
II was off brought large speculative sell
ing Of the stock and the statement on be-
out after the close Of the market .yestcr-
day, was a weakening influence in the
steel group when the determined and
points was observed the tone of the specu-
laion was strengthened and the prompt
other stocks later In the day served to sus-
tain prices In the general list. Selling to
realize was going on actively under cover
OF the strength in active stocks and the
day.
Under the influence of the first upward
spurt In Rock Island, which rose AN eN-
trcme 33a, there were general recOyeries,
St Paul and other leading stocks rising
above last night. The fact that the buying
OF Rock Island was by brokers identical
with the support In Steel and Wire aroused
some distrust of the movement and the
not notably responded to in the general
list st. Paul sold off later to 1872 and
closed with "a net loss of ] point. southern
Pacific suffered from heavy realizing on
the statement of December net earnings
showing the extraordinary increase Of
$50 l39 over December of last year. Mobile
ohio continued to advance, rising SIS on
top of yesterdays gain OF 5i2: No authentic
ing hours as to the source of this buying,
but IL was made the occasion by speCula-
tors for advancing the stocks of various
railroads which might be beretited by Sc
curing the control. including southern
Railway, Louisville, Chicago IL Alton and
kansas City Southern The GSntrol , Of The
ers through a voting trust and Ii Is said
that no controlling interest in the stock is
held by any one party. Late in the day
the Steel stocks were marked up vigorously
after resisting decline all day. The rise In
Steel and Wire from o the lowest reached
Steel pa There were gains of to 1la by
some other members of the group.
tomorrow's steamer make total of s2,25o,
600. which is considerably less than the
rEEeiminssry estimate But sterling ,Idn eT
did In Paris and It is evident that a gold
movement from here to London Is Inn
minent. borrowers in London resorted TO
the Bank of England today, showing that
the efforts of that institution to control the
open market are meeting with success
from New York, IT seems hardly probable
that the bank rate will be reduced tomor-
n
don would be desirable In preparation for
the placing of the coming war loan there
Prices of bonds were well sustained today
on a good absorption. Total sales, par
value, 81. .955. 900. United States bonds were
all unchanged on the last call.
The Commercial Advertisers London
financial Cablegram says: Business was
brisker on the stock market today. The
cheerful tone was general. The American
department was active once more London
was buying quietly of Americans In New
York and cable selling orders caused set;
back. After that this department was dull
up to the close. The chief demand for
American stocks was In Southern railway.
This buying was stimulated by the report
that the Mobile 81 Ohio and Southern Pa
cihc securities were being sought In fight
for control. Money a little stiffcr
again today and II Is expected to be still
dearer. The bank continues to lend to the
market silver was fiat on the cessation
of the eastern demand.
The following are the closing prices on
the New York Stock exchange: