Omaha daily bee., 1901-01-16
MOVEMENTS OF STOCKS AND BONDS.
Prominent steel MnGnnte's Projects
sets StOcks All A-EImtIer.

NEW YORK, Jan. 15.-There was a very
6Chlusing sentiment on the stock market
ton OF the day and their crrat!c lluCtul-
tions were convincing evidence of the in.
settled settled frame of mind among the steel m
iei.sts' There was some early weakness
IN the group in spite Of an opening rise OF
81. ln National Tube and Of points TN Tin.
plate, but the whole group became strong
later and rose on an average between 1 and
points over last night. For some inscrut-
able reason the declaration of an per cent
tlNldcnd on the common stock of the Amer
lean Tinplatc company to be distributed IN
quarterly periods caused pronounced weak
uack nearly points. The current surmisy
as TO what dividend would be declared
reached the limit at per cent, so that the
most sanguine estimate
some selling, TO realize by insiders was to
be expected, but the surprising fact was
that the buying attracted by the large dis
Dursement was quite Insignificant and en-
nrely inadequate to absorb the realization.
more favorable developments I'm steel
stocks made spectators feel that thS f.
disappointing. The bears were not slow to
take advantage Of this frame of mind.
Their selling forced an extreme decline tf
rumor that today's declaration would be
simply quarterly one of IA per cent,
emitting the extra dividend of 8 per cent.
After the close of the market a per cent
dividend was declared
Steel and Wire was forced down 81 and
National Steel Smelling, Steel Hoop, colo
rado Fuel aud National Tube from to 3
points. The episode t., by some, regarded
as rejecting the, impression produced by
th' utterance and project of the country :
leading steel magnste. To the same m
iluence was perhaps traceable the weakness
OF the Trunk line railroad stocks, the mag
the construction of railroad line from
Chicago to the seaboard by way of Pitts
burg. In order to secure satisfactory freight
rates for Pittsburg. PENNSYLVANIA ana New
York central were both off about points.
Although the market generally gave way in
the late dealing iS In sympathy with the
amples of strength In the earlier part of III 9
dav. The Erie stocks were generally and
persistently strong and the grangers and
night. Kanawha Il Michigan was advanced
;. St Louis Il San Francisco was strong ON
rumor of plan for retiring the com
point the extreme decline in Burlington wa,
pa, I'm St Paul 32M, In Lackawanna 2ia and
IN Delaware & Hudson 3A.
Sugar was erratic and dropped 4 points
from the early advance. closing with net
loss of 3i4.
The break in sterling exchange this morn
ing made It evident that gold would not go
out Immediately and this had an effect on
the early strength of the market. The
the close and reports were current Of some
enormous borrowings by the Pennsylvania
railroad on account of its purchases, of
stock of other railroads during the last
year A Philadelphia dispatch placed the
amount raised by the company since Jan
uary / as high as $50, 900. coo Payments on
are also In progress this week, involving
sCme very heavy financial operations. Cash
Large amounts and no notable hardening of
the money market Is thought to be possible
Bonds were weak in sympathy with
stocks. Total sales, par value. $780, fOl.
United states refunding 2s. declined y per
cent and 5s. coupon, !. on the last call
The, following are the closing prices on