Omaha daily bee., 1901-01-17
MOVEMENTS OF STOCKS AND BONDS.
Unsettled Day on Change Betray-
PernIcxitN of the sIernIntOrs.

NEW YORK Jan 16.-The excessive con-
gestion, of speculative opinion today was
shown by wild and frequent fluctuations in
prices often conflicting In the different
groups of stocks.
tiate the movement of the steel stocks
from that of the railroad stocks The ac-
ton OF the steel group yesterday MADE IL
very evident that "a decline In them was
TO be faced. Some effort was made at the
opening to contest this event and support
ing orders effected a rise of a point over last
night i'm Steel and Wire and Tin Plate, and
of Ia, in National Tube, but the last
named stock was the only one which re-
lained any show of strength in the later
dealings. There was some show OF support
In Federal Steel early in the day and after
an opening decline of "a 1t was rallied a
sistent and urgent on account of disap-
pointment by spectators so that no action
was taken at yesterdays meeting 70 IN, IN
year, in which there had been great faith
There were occasional rallies In the stock
points above the lowest. but manipulation
was palpable in the rally; At the low ley ell
This stock was q. below last night and the
Next u this. Tin Plate was most actively
affected in spite of yesterdays per cent
dividend declaration and fell an extreme
4 points. Colorado Fuel was down Hs,
American Hoop 3, Tennessee Coal pa and
others of the group from to 1la.
The conditions in the railroad list were
exceedingly irregular during the early deaf
ings, but there were sufficient points of
strength to overcome the few opening, de-
cltnes caused by sympath thy with the Lon
oon market and with the weakness of the
steel stocks. There was a manifest dspo-
sition to realize also i'm the coalers and a
sagging tendency at other points. st. Paul
was vigorously taken in hand in the midst
of this uncertainty and marked up nearly
points, precipitatng large volume of
forced buying from the bears. The market
generally responded in sympathy, but with
d quick relapse Of points IN s. Paul be, be
up tho movement on the decision of the
directors to increase the stock 10 per cent
to be issued at part to stockholders. The
the doubt engendered by the demonstrated
manipulation of st. Paul detracted
prices did not get back to the top. The
advances had reached 2A In Northern Pa
cinc, In Delaware & Hudson, 2Ss in Rock
Island and points in St Louis q San
Francisco second preferred Manhattan
and Sugar also rose about points.
When the futility of these measures to
hold the railroad list became evident the
speculative liquidation increased TO a very
heavy volume: The coalers,. the Pachcs,
the local fractions. Peoples Gas and Su gar
were thrown on the market In torrent of
large blocks The general level OF prices
was forced considerably below last night,
only "A few small net gains remaining. The
reaction reached points In st. Paul. iSs I'm
Manhattan and from to points In t.le
ONE oitnGr prominemt STOCKS ihaiGa,eu rroa In, NE
there was no evidence of any demand iron,
other than short interests.
FOR tomorrow'S steamer did not seem "a
affect sentiment, as the early strength In
the market developed after the shipments
were known. The accumulation of money
at present continues on so large a scale
that the interest rate tended lower to pay
In spite of the gold exports, and the soft
ness of the exchange market showed that
the absorption of exchange bills sold
against the gold exports was not easy.
The bond market was moderately active
and eased off with stocks. Total sales. PAL
value, S2,3g0.OOo; United States old Is de-
clined y per cent and 5s registered a per
The Commercial Advertisers London
financial cablegram says: The market Is
here were slack but firm today. although
the call for more troops for Africa was dis.
| liked. Americans began about y under
parity, but recovered In the first hour: they
remained quiet then till Just before the
close, when st. Paul and Northern Pacific
spurted sharply on New York orders at
| trbuted to the so-caled Morgan deal
| Their buoyancy, however. failed to stimu.
late the general rise, suggesting that mar
! ket interest here has faded. Cali money
| rates We're higher on The settlement dc.
mand. There Is talk of gold coming from
| Russia The bank lent large sum for a
| few days at 5lR IL bought Gl20,000 gold IN
bars. The copper fortnightly statistics
| in supplies of los tons.
The following the closing prices or
| the New York Stock exchange