Omaha daily bee., 1901-03-13
MOVEMENTS or STOCKS AND BONDS.
Large Part Of business Done During
DnN Is specmIatiNc.

NEW YORK, March 12.-The stock mar
ket continued spotty today and largely
made up the operations OF professional
traders in individual stocks. Many OF these
operations were based on causes peculiar
to the stocks affected and the traders pro-
fessed to be following the leadership Of in
siders In the stock in their buying. How
ever this may be, 1t was evident that purely
speculative operations played a large part
III the days dealings, as realizing sales
came into evidence in every case where q
considerable advance was made, resulting
in sharp reactions. There was more or less @
realizing going on all day, the sustaining
influence of the strength i'm special stocks
being availed of to take profits in the gen
eral list The result of this is seen in the
net losses prevailing here and there, some
of them i'm important stocks.
The principal features of the news Of the
day was the excellent traffic returns Of the
! railroads. Especially the southwestern
railroads, the bitumnous coal carriers and
some of the southern roads showed large
| increase IN their gross earnings over those
| oi the corresponding week of last year
| The session of the miners convention was
| perhaps the cause of the dullness and
slight weakness I'm the anthracite coal
| group, although confidence was expressed
That no strike was to be feared The con,
| tlnued low rate for call loans ncutraized
| the effect Of the depletion of the cash re-
serves of the banks by reason of the drain
10 inc sub-treasury and the growing de.
mands from the interior. The government
report of the February exports of agriCul.
tural products might he regarded as un-
favorable. especially as the foreign trade
I
to augment the falling off I'm the exports
compared with the same month of last year
| The heavy decline In cotton exports helps
to explain the recent nrmness of sterling
exchange!
A number of the important movements of
the day were in the stocks OF minor rail
| road companies and rumor was busy with
stories of projected consultations to aC-
count for those advances. This was true
| OF the Toledo st. Louis d Western stocks
| the common rising "a. the Wisconsin Cen
| tral stocks and the Iowa Central stocks
the common of which rose 3i4 and the pre-
| ferrod 3A. st. Louis 4 San Francisco first
| preferred advanced ., the second preferred
| "a and the common 4as on persisting stor-
| les OF rcfunding OF n consolidation and alb
| Sorptton into the Gould southwestern roads
The upward movement I'm part was proba
| bly, prompted by the meeting of stockhold-
| been dormant, advanced sharply over the
last quotation. American Express rose
| and lost 1t; United States Express IA and
| Adams Express 1ii,.
The strength in Tobacco was due to be-
| lief In benefits to accrue from reduced
taxes. Amalgamated Copper weakened on
reports of renewal of hostile projects IN
Montana. The smelling stocks fell on the
notice OF appeal of the suit against the alb
sorption OF the Guggenheim interests. Tho
enumeration of such special Influences
| might be considerably extended but the
| resulting price movement In other cases
was less. although 1t extended from to .
| points In a number of stocks. The closing
was considerably unsettled by the profit
! taking.
The railroad bond market continued ac.
| tive and generally firm. but some of the
less active bonds yielded to some extent
| Total sales, par, value, $5.595oOo. United
| states 3s declined 2 and new Is advanced
| Is per cent on the last call
| The Following are the closing prices OF
the New York Stock exchange: