Omaha daily bee., 1901-03-07
MOVEMENTS ~ STOCKS AND BONDS.
Large Absorption OF Railroad stocks
wide EImcfnntLons In SnecinliIes.

NEW YORK March 6.--The character of
today's stock market was very similar TO
that OF yesterday. Absorption of railroad
stocks OF high grade by buyers OF abun-
dant resources and of a substantial kind
went on side by side with wide fluctuations
IN some of the highly speculative special
tics So far as the railroad department was
concerned activity was shifted to some eA.
tent from those stocks which were most
prominent yesterday. A notable feature of
the market was that It did not really re-
spond with unanimity at any time to the
strength shown by individual stocks. Also
In those stocks which did advance the
strength was not simultaneous. Apparently
the demand for one stock would be largely
satisfied before buying was taken up In an
other
During the latter part of the day there
was abundant evidence of large proit'tak-
ing. Stocks which had been strong early
In the day fell back materially and many
usually prominent stocks which were
back below last nights level. Neverthe-
less the days gains are very striking, both
by reason OF the character of the stocks and
the amount of transactions and extent OF
gains I'm them Yesterdays movement IN
burlington was continued at the outset
this morning and the stock was carried up
the stock was due to the fact that large
competing railroad interests are admittedly
buying the stock professedly for invest
ment, but. according to the Wall street in
depreciation, with "A possible view to cCn-
solidation, or at all events to the extension
of a community of interests. Union Pacific
Northern Pacific and Pennsylvania were all
said TO he Interested In the buying. The
Baltimore & Ohio railroad stocks continued
to show conspicuous strength, the common
advancing and the preferred 2A. There
was also a striking movement I'm Atchison
preferred, which carried it Nv. 3 points. The
common stocks of this road, Union Pacific,
Southern Pacific and Louisville u Nash
Vile were also very strong.
The later movement of tho dav had some
appearance of manipulation for the purpose
of sustaining the market, while proft-tnk-
ing was In progress elsewhere The r"uc-
tionary movement took y point or more
from the best prices of many os the stocks.
There was long list of stCrNs Of smaller
from point to 2ss Long Island rose ~ on
light transactions, and closed with "A net
gain of 6a4. Among the lndustriuIs ANAL
gamated Copper and Sugar claimed the
largest share of attention. The forme
opened down IA on reports of renewal Of
antagOnistic measures ia Montana. 1t was
strongly supported and was rallied ga at
one time but I'm the late dealings II broke
Sugar was forced sunder last night Tor
only a brief period ana alter rarie iluctMa-
tions closed with a net Lain Of 16s. The
steel stocks continued much neglected and
heavy I'm tone The formal steps toward the
completion of measures 10 insure the eN-
change are still In progress. While the new
securities thus remain none-eNistent opera
tions in the group are ndmDered. The sub
treasury has taken nearly 100000 IRON the
market since last Friday and bankers re-
money movement to New York IL at hand.
Call money shows tendency TO woik
somewhat closer.
The railroad bond market continues active
and prices generally higher Total sales,
par value. s5,oSOO00. United states 3s regis
tered. declined III per cent on the lost call.
The following are the closing prices on
the New York Stock exchange: