Omaha daily bee., 1901-03-05
MOVEMENTS OF STOCKS AND BONDS.
Attendance on stock Exchange small
Rnd nusiness Marked bN Qnictncss.

NEW YORK, March 4-Business was
conducted on the stock exchange with great
decorum and sObriety OF dcmeanor, In
strong contrast TO the wild and feverish
ACTIVITY that prevailed up to q short time
ago. The attendance OF brokers on the floor
was small enough In itself to indicate
clearly the decline In activity and interest
IN the market. Special trips to Washington
TO witness the Inauguration accounted for
the absence of some. but a great many
brokers are away on extended vacation
trips after a period OF activity never be-
Tore equaled In the history of the Stock
exchange.
The expected departure at an early day
or the central figure I'm the recent enor-
nous transactions in the financial world
adds TO the common feeling that period
OF quietude Is likely TO intervene i'm stock
market speculation 1t was i'm accordance
with this quieter condition of sentiment
that what might be called more substaI-
tial considerations ruled in the days trad
ing, such as the showings OF earnings, the
trade outlook for certain stocks, results of
financial adjustments and the like. The
most mos, Conspicuous movements Of the day
were the stocks of the municipal gas com
panies, especially those of the great New
York. Consolidated Gas was carried up to
DliR. with an extreme advance of 5,s while
Brooklyn Union Gas rose no less than liSs
Dealings In both stocks were unusually
large The strength was not explained by
the news, but gave rise to rumOrs of con-
tion. Peoples Gas advanced point
and l,aclede Gas 2is, Influenced by that
indehnable sympathy which affects stocks
in the same class in a speculative move
ment The local traction stocks were also
drawn into the movement after some heav-
mess In Brooklyn Traction, and they raj
lied from ~ to points. 4 number OF
other high-prtced industrial speCialties
showed marked strength. General Electric
rose 4. with a reaction of . and National
Salt preferred gained 4. There was n very
heavy absorption of Amalgamated Copper
az day, all offerings being taken with con
mdence up to par, an extreme rise Of 4a4
The smelling stocks rallied sharply from
an opening break covering by shorts
upon the opening OF a new legal point
lost opposition to the proposed merger The
tidewater soft coal carriers continued i'm
demand on account OF the large business
Hone IN anticipation of coming increase
~ freight rates. There were points of
strength all through the railroad list on
the almost universal reports of Increases I'm
earnings, large traffic and good rates The
grangers Pacihcs and Southwcsterns All
enjoyed good advances, Rock Island and
Union Pacific leading
"A number of minor railroads were also
IN good demand. The steel stocks were
hlgher, but they were without any scnsa-
tional feature. The publication Of the Of
ncial circular giving the details of the
financial arrangement proposed for putting
through the consolidation was disregarded9
as the preliminary gossip had pretty clearly
forecasted them. The continued easy money
market precudes any acute apprehension
on that score, although II is not expected
mat credit facilities in New York will be
expanded In the next few weeks
, lhere was good demand for railroad |
bonds. with some irregularity in price |
cnanges: Total sales. par value $3.50 600 |
United States new as, coupon, declined " !
on the last call.
The following are the closing prices on |
the New York Stock exchange.