Omaha daily bee., 1901-01-13
3 are the receipts and shipments
MOVEMENTS OF STOCKS AND BONDS.
incidents of the Week show Trend of
Railroad Affairs

NEW YORK, Jan. l2..--Today will 90
down In Wall street history as one OF the
record days which have become so frequent
OF late. Speculative sentiment took on the
nervous high-strung characteristics which
have so frequently recently caused wide
and excited fluctuations in some stocks or
group OF stocks, which were affected bv
some important development or a rtImor Of
pant,on fpme 1evelopment Today L was the local
ratic fluctuations of this stock made IL evil
dent that the violence OF the movement was
short Interest, which manifested acute dis.
tress on the advance, which carried the
stock stock W up 9h points With n subsequent re-
the local fractions was taken advantage of
for very heavy, realizing all through the
the. whole market broke rather sharpiy,
with the result that the closing was de-
oidedly weak and with net losses predomi-
The early market was strong ard ami
mated ma ,n under the CONTINUING influence Of
buying IN that stock and others OF the
9nn1eG Vide gr2p % n ontaro Western
aS5]s. This latter was the top price. After
oer,r ohe ,realSins ddo mo'yyement 'y invited by the
ket and brought forward new new pdints ,liT ,hor ~
strength, The coalers Union Pacific, Raltl.
more & Ohio, the grangers, Tinplate and a
periods OF strength, Minneapolis q ST.
Louis jumped and the preferred 6ii points
stoo h 1he deyed1ed sSe Tsadzns the steel
fears of a war Of competition between tho
great powers In the trade, National Tube
action in Delaware & Hudson was vas 81. Ma
tlonal Lead preferred dropped 6h, American
Express sold a decline of IS points from
The increase OF sll CAS-, ,cOO in the cash de-
posits OF the banks was unexpectedy
100000 In loans vas Unexpectedly small,
70 the benefit of the surplus in both cases
hgt the n bank rns, Sts'ement was taken adyan
that next week will see the beginning II
gold exports and experts estimate that the
ooooo0. 1t was asserted In Wall street today
that arrangements had already been made
for the shipment OF a considerable amount
The business on the Stock exchange the
last week has eclipsed all previous weeks
day and Saturday of last week. which
reached the highest record for three full
2 2nNO. .00O-share level for the first time in the
history of the New York Stock exchange.
ago. IN which the newly -fedged Industrial
stocks, stocks made the e. blk S, Of the tradinT; the
stocks, The industrials play an insignih-
cant part.
The Immediate. impeling cause of the rise
ests" policy among the railroads The pur-
chase OF the Central Coal company for the
Erie. the purchase of the Central Railroad
OF New JERSEY for the Reading the ac-
auirement Of 81 Paul stock by J. J. I'M OF
the Great Northern, are the concrete facts
from which is inferred a general adoption
OF this policy among railroad interests.
Countless rumors have circulated of other
plans In process Of execution, but these are
the only well authenticated developments.
The importance of this develonment as
the last or the latest step In the rehabilita-
tion of the railroads of the country by in
suring maintenance of freight rates ca N
in the road world with those OF n few
years ago. Then there was a pretty gen
eral condition OF bankruptcy and wreck
among the railroads of the country The
problem presented was complex and
formidable, Bonded Indebtedness was un-
wieldy both by reason of INSCRIPTIONS in
fiation of capital Issues an the high cost OF
construction and material In the earlier
periods. The construction was so flimsy