Omaha daily bee., 1901-03-22

Renewed buying checks Market aud
GeMcra ne..nAa arA Occnrs.

NEW YORK. March 2l.-Thc heavy sell
ing by spectators to realize, which car
ried the whole market down yesterday, was
checked today and there were general re-
coverics and showing OF net gains for the
day in a majority of cases. There was con-
tinucd pressure on the market at the open
ing of business and II was emphasized by
the depression in the London market on
account of uncasiness over the Ticn Tsin
affair and fears of harder money there. But
there was renewed buying of some stocks
of such proportions and conducted with
such confidence as to discourage the selling
and the subsequent rally was helped by the
demand from quite an extended short in
terest LETT uncovered after yesterdays ope-
rations for the decline.
The speculative leaders we're very active
in their efforts to cause a resumption of
the strong bull market which has recently
ful. although they had the assistance of a
report late In the session that the Anglo
Russian difficulty had been settled. A num-
ber of stocks were fairly buoyant during
the day and others were markedly strong,
but the advances were not all well held
and there were frequent reactions after the
recovery had set in. Burlington was IN
demand from the shorts and there was a
combined upward movement at one time In
Heavy realizing met this advance, and
difficulty was encountered, especially In
the case of Missouri Pacific, In upward
course. The Eries were the conspicuous
feature of the later market and were lifted
from 2R to points, the latter second pre-
ferred, on enormous buying Recently re-
The Wabash securities were i'm good de-
mand, the preferred rising 14 over last
night. The movement I'm the Eries helped
all the coalers. Sugar shot up y1s points
and Peoples Gas and Tobacco had their
periods of strength
The International Paper stocks were very
strong, rising 2hmiA for the common and
the preferred l. There was quite long list
of minor railroad stocks which moved ur
Western @ and the prefSrrsd A. te Chicago
indianapolis & Louisville stocks, the Iowa
Central stocks. the Minneapolis & ST. Louis
stocks. Lake Eric Il Western, Peoria 4
Eastern and the New York. Chicago 4 St
Louis stocks. North American advanced
64 over last night. Amalgamated Copper
was strong on the regular dividend declara-
ton. The steel stocks were decidedly quiet
and moved narrowly, but recovered TO
some extent from early heaviness Not
withstanding this quite impressive showina
OF strength there was no renewal of the
universal upward movement which affected
the whole market at times during the last
few days. The weakness of the Brooklyn
Transit had a somewhat unsettled effect
and American Snuff preferred broke Az.
That there is some latent uneasiness over
the money outlook Is shown by the eager
discussion over the possibility that the Sec
retary of the treasury will redeem govern
ment bonds and thus benefit the money
market The excess of government receipts
over government expenditures thus far this
month is only about half that for the cor
responding period of last year, but IL was
not until after March IA that the heavy dis
bursements on account of premiums on re-
funded bonds began last year and 1t Is be-
ginning to be perceived that the money
market will keenly feel the lack. OF some
such source of replenishment this year
The possibility of war between European
nations draws attention to the international
exchange situation. Today discount rates
ha ardened in London again and sterling ex-
change here rose to higher level, while
| call loan rates ruled from 2la to per cent
The railroad bond market continues very
active, many new issues coming into prom
| inence today The price movement was
| irregular. Total sales, par value, $685. 600
| United states refunding Is advanced Is and
old as declined Il per cent on the last call
The following are the closing prices on
| the New York Stock exchange: