Omaha daily bee., 1901-02-12
MOVEMENTS IN STOCKS AND bonds.
Union Pacific Active In an Otherwise
Sluggish Market

NEW YORK, Feb. 1l.--Therc was a very
notable decline i'm the volume of business On
the Stock exchange today and the most
active stocks were those under pressure.
w,ihth WITH the exception of Union Pacific,
whlch was bought with persistency Oh n
rising scale. The market was again char
acterized by the wide movement In a very
large number of unmportant stocks which
arc seldom prominent In the dealings and
winch sometimes do not appear I'm the rec
9rd or transactions for weeks at time.
brought forward into prominence contn-
ued active at further advances. while
others met profit taking and again turned
back.
Among those nominally active werc Des
Moines Fort Dodge. which rose 3l2; Pere
MNiarauette. 2a; Wisconsin central Ia
Central. u; Mobile & Ohio, IL. Chicago
Eastern Illinois was conspicuous for a
ing !, and rallyfng Evansville & Terre
iaute 2A after a decline OF a point. Stocks
IN this class were only prominent, how
their usual obscurity. The movement in
me general list was extremely confused
all day and the greater part of the days
done below Saturdays level.
London sent lower prices for the inter-
very hea ssns Of hsre
at one time also of Union Pacific A strong
rally. In the latter stock and jump IN
best of the day. Union Pacific was lifted
two points over Saturday and the pre-
n,ror fsrred TX PenG1ssylvania was the only
standard railroads that rose as mush as
point over Saturday. and in fact no rail-
road stock Of. inheritance fell as much as a
point below saturday at any time, thus in
dicating the sluggishness Of the market.
Tho specialties did better, Sugar rising
the latter on the good financial showing
made In the annual report. Pacific Mail rose
2is and International Paper pa. Western
shared in the sluggishness OF the general
market and only the preferred stocks OF
any Companies sold as much as point
however. firmly held.
Speculation, having accepted the reported
thoritative announcement OF the financial
terms of the deal for further judgment
of its benefits.
ulators on the steel deal was created by
todays slump In the smelling stocks, offer
Ing an example OF the possibility of obsta,
when far advanced toward completion.
Smelling common fell an extreme so under
very heavy offerings and the preferred L.
The rallies were fitful and feverish, the
common closing with net loss of a.:
The money market condition, disclosed
by Saturdays bank statement had a de.
pressing influence, which was aggravated
by the subtreasury large subtraction from
the market on account of Saturdays Cen
trail Pacific payment to start the week with
The hardening of the London market again
turned exchange. in all the great oenters
lncludlnS new 1ork, III IdNOT OF lSOnuoil'
The failure of the Imperial bank of Ger
many to reduce the discount rate was OBJ
viously due to the fear that London
would withdraw gold. and the Berlin adj
vices to the Associated Press reporting
that London exchange there is in demand
may go from New York again on the tri-
angular operation.
The bond market continued active. but
there were some important reactions on
profit taking Total sales par value, S,-
10000. United States 3s and new, Is ad-
vanced "a per cent on the last call.
The following are the closing prices on
the New York Stock exchange: