Omaha daily bee., 1901-01-26
MOVEMENTS or STOCKS AND BONDS.
Prices show an Inclination 10 slip
nnck Mhcmexer Lnsmnpnrtcd.

NEW YORK, Jan. 25.-Prices travcrsed
cOnsiderab bile range today from the low level
TO the top level, covering point for large
number of stocks, and ranging from to
about 3la for some of the most prominent
ana most active in the list The number
of stocks which at any time got a point
away from last nights level I'm either direC-
ton was small however. The decline In
prices was suggested at England's dispose
tion TO sell American stocks, which had cs-
tablished declines ranging nearly up to n
point in some OF the American stocks be-
fore the opening. The New York market
depressed in sympathy and weakness was
rather acute in some cases, notably I'm 81.
Iaul and Brooklyn Transit. These stocks
| later In the day led the advance so that
their extreme range was wide St. Paul ris-
ing 3as from the lowest, and closing at the
top, while Brooklyn Transit advanced an
extreme 2Ss. This mornings decline coming
on top OF that of yesterday invited some
buying to support prices and the market
hardened pretty promptly after the open
Ing dip The movement was exceedingly
desultory and there were frequent reac-
tive support was withdrawn, in fact, prices
were inclined to slip back. The most notable
movement OF the day was that of the
southwesterns which followed a show of
| flrmness for several days past in Kansas &
Texas preferred. There was also very
heavy absorption of the bonds of the st.
Louis Southwestern company and the Mis-
souri,, Kansas & Texas company this morn
ing, because the rise, in the stocks was in
augurated. The advance in the group
| reached 37s in Missouri, Kansas & Texas
! preferred, 2l4 In the common and about .
| points each In the St Louis Southwestern
| stocks, Wabash preferred. Texas 4 Pacific
| and Missouri Pacific. There was no news
| to explain the rise beyond the favorable
| showing of earnings for several members
| of the group, which were published during
| the day and which made them available for
| manipulation by speculative pool. There
were renewed rumOrS also OF the lately
| talked of consolidation of southwestern rail-
| roads.
| The steel stocks were inclined to strength
| All day and show good net gains.
| Sugar showed decided Improvement. North
ern Pacific rallied 2R after an early de-
| preston, and there were a number of less
| prominent railroads which showed good re-
| Coveries. The gains were not well main
| tanned, and the closing was at the best,
except In "A few stocks, notably st. Paul
and the southwesterns. Brooklyn Transit
was fcverish all day and broke sharply
after considerable advance, when the list
| of directors elected by the stockholders was
| published as II failed TO show the presence
| of the metropolitan street Railway inter
| csts i'm this new directory which have beer
| much promised I'm Wall street gossip. The
| most notable feature of the days marke
was the decided decline in activity from
| the recent high level and the necessity FOR
! persistent manipulation to secire a move.
| ment of prices This Is the natural result
OF the large elimination of speculative &C.
| reaction and this weeks rebound, which
| resulted IN an increase in the short interest
| The preliminary. figures of the week
| tomorrow's bank statement, which will
| reach over AO0OOO0 as a result of the ox'
I spite of the gold export of 100000, which
| Almost exactly wiped out the gain by tn,
| banks on subtrcasury operations.
| The large demand for st. Louis South
westerns was the inception of an active
| buying movement of bonds of all the
Gould SouthwesternS at notable advances
| In price. The general market was firm bu
| quiet. Total sales. par value, S5,925,000
United States Ss, coupon, advanced Is pei
| cent on the last call.
The Commercial Advertisers I.ondor
financial cabegram says: The stock mar
| ket here was inactive and heavy. in sym
pathy with many forced sales of West Aus
tralia shares, an aftermath of the recen
| WhitakerWr collapse. American stock!
seemed to have lost al animation. In tn,
early trading they We're dull and lower
with a dragging tendency. Later they hard
ened on. good buying of Denver e. RI,
Grande issues. No reason was given fo
the sudden interest In these shares. None,
was little stiffer. Call loans were from
3031s per cent. This was a result of tn,
bank return showing reduction I'm tn
market balances amounting to G4000,WG
Most of this came from revenue Collec
tons The bank was borrowing bills a
Az per cent Silver was harder on pur
Chases for the straits.
The following are the closing prices OF
the New York Stock exchanges: