Omaha daily bee., 1901-01-08
MOVEMENTS or sTOCKs AND BONDS
stock Exchange Establishes New Rec.
ord by Dealing In 2.IHO,OOO shares.

NEW 1ohh. Jan All TtNNTuS "tIt
broken on the Stock exchange today. Up
to the close of the exchange about 2,15OOO
shares had been dealt in, the greatest num-
ber OF transactions recorded in the history
of the exchange.
The market had all the characteristics OF
what Is usually called traders market,
but everything was on a Gargantuan scale
Where 100-share lots would be n normal
unit In an ordinary market, in today,s mar
banded about like playthngs for quick
turn In the market The movement of
prices was on correspondingly gigantic
cases on these enormous blocks of stocks
were made within ~ few minutes of time,
prices having varied in the interval per-
haps many points. The speculative char
acter of the market was clearly indicated
I'm the Inconsistency Of prices Nothing was
stable for any considerable period, but no
movement was consistent beyond Il short
length of time.
Losses were recorded, gains were lost
tions. All this made the utmost excitement
ana confusion In the market all day long
III was natural To expect after the excessive
ana artificial advances OF the closing trad
ing or last week that spectators would be
in condition of anxiousness 10 skim the
cream off the profits this morning, This
class was, In fact, on hand I'm full force and
easerhess with which stocks were unloaded
ana the reckless disregard shown for "a
halt or even full point I'm price indicated
a nervous dread that the passing minutes
foriiine mem an, 'ne loss OF opportunities for
the market there were not lacking Signs Of
strensth, and there was quite a long list of
gains between one and two points. The
greater part of this was wiped ont I'm the
t,I'yUm trai was OF the opening, New Jersey Gem
noin,wS JI vas mus carried down an extreme 5
PoihtS, Horthwestern 3as, Northern Pacific
Zs, Reading and Delaware a Hudson 2l
n.efHlson nrefarrn preferred st. Paul and Erie first
svIrenieau % "a ana Rock Island and Penn
~ is only once or twice in a generation
are ref,entdd dS nervous anxiety and uncertainty
ssimo"n curing this period of opening reac-
most mon TO-DAY, ,ihy, Prices jumped about in the
intervals. Gradually the h'tr fant boggo og wiae ie
emerge mat there were brokers on the doop
tha sin, tad, apparently, orders to take ali OF
tbnn nes tnereGpon gradually steadied and
surge h'I4su Rsit upwards with an impressive
point of palslinore aeernss, ohio was, the first
~ ~ ai the opening, but had lost ali bnf a
over 'Si; Sm,,,rus lts Upward sweep carried It So
the DAY II was simply a uucstion ubaraa' ra' ,,I UI
Nv NV POINTS or strength would dcveion wiz
ersbP piHhrahSG in OF anything like bun lead
siEn OF manipulation for an advance n ~ Us !
rush Lii lii or spectators were ready to
or these advances was Well boig Ih, ~ none one
a prUCess or proht-taking cost them All ne
NJ ai ibat tro,n r Two to nearly points. But even
were &c, psaCtloh many handsome net gains
49, conserved for the day The pra 51,rs Sgns
throoo iIoreimost In tho midday advanca tba
ii,ot iitree leading members Of the Tro,n p,r tme
ts tt,is toil' Rock island and ST psII IA bur
lts its to 61s. Later In the dav ~, H. au.hanc-
moved IA I orners, which have not hitharto
Ing Nau aui s9ly IN sympathy, with the ReadD
intnroSsW NeW Jersey Central and Erie ioead nodo
WiidSn,, progress upwards. Della ware S
6 and Ontario 'o &. leSS W,a than l$S, Lackawanna
was SpnH erra movements of the dav. s,,ga, !.
57s on the renortdd n"ptrk,hg upwards an extreme
seiiined sugar ana relapsing a 'he in price of
a cute wnnt notksemeht Tennessee Coal sbouod
dividor'S 'SnhnesS on the decision 10 na.S ~ u =
a o.
weSe lrraacton about that The Stsa, ciotslhg stg
cept tin plate 70 whiGhv hhiGahviness in sympathy, eNs
buf H., STOCKS were inclined To- uoni5 ap5. me me
mnvod 'd a good rally. Northernn nn'dB5ness. Bd,tiSs.
cline and Peopessr Stfsr cts its sharp opening de-
M mudbS * The list of stocks whinbu iiln.btuday @ rise
long one and tRe hRUints siooRd and fraction is "a
verv erSdate s as much as a point or nm d aId not
tho bn Vas Was evident that the incitir, oo,,.-
,ne furious speculation VI lung cause of
towbprdd nus IN the railroad world eiGlL IN, ae-
of tbe poI sasI nsoldation The acnitDi,i 3
ElIe Ta ana OF the Central raiIrppa1hy by the
specuIat Iiy the Reading Is REGARDED ~ T., New w
importante rld world as prelude to fmrtbar tde
carrvino developments in the antbrnoiitte re, titer
giveSn ~ properties and ready erednp"i dracite- T.
FOR ra no 10 Almost any suggestion ot a nee e, Us
"a lalIroad construction Vi pan
Money also is workine eosto, l.,
me me enormous demands of the s,ipte IN spite of
marl,at, ta,her gloomy condition pf u fnrni,i ution
| effect, seems az OF haYing any depressinp
y onity here by the strong coptrtiVe ac-
busineSss bi & prosperity; The days record g, thls II,
Gus high TSs ievo carried far beyond the previl
op p iE,itt"qp compared with SS7 ooo IGhNtins sh
To- that time ttirlaays which made the record nE
day inchded iSa sales Les of individual stocks to.
of o"ESS or Baltimore & Ohio, 1S 6 sb ro y
shares of Non $4,000 shares OF Erie, iS2 oo
Ontario S WnItern Pacific, 1876, 700 shares q,
sbaras as''S shares Of Rock Island and fo5 Sdc
has never be- berops raul This scale Of trading
ny nnstory or the Stock eXchanpe III
strangth was nothing like the activitv .,
stocks Totai traiiiroad n bonds that there was ir
| Ifnited Sta, sales, par value a. 7O5 Oao
on tbe IL Ssates' ia @ regular, declined X Der cent
the New W'1whg Yort sto are the closing prices on
Atchison ......... ~ / do pfd GOA