Omaha daily bee., 1901-02-06
MOVEMENTS or STOCKS AND BONDS.
Days Market ~ very Active and
SincLs HIVE Nnried Career-

NEW YORK. Feb. 5-Today's market
was. very active and ended the day gem
orally higher, but prices of stocks went
through many variations in the course of
the trading. The market was extremely
spUtty throughout but the constant crop
ping out of new and aggressive points Of
strength served to overcome the disposition
II sell on the part Of the timid holders of
long stock as well as by the bear traders
who were disposed to aggressive tactics
prices met with a decidedly discouraging
reception and some of the leading stocks
on the list were carried below last nights
level, under the heavy burden CT profit
taking sales and opera tions by the bears
Yesterdays Leaders in the speculative aad-
vance, including Louisville q Nashville
Atchison, Union Pacific and Rock Island
were all carried be,ow last nights level and
the dropping tendency of Southern Pacific
became more manifest with weakness in
these complete stocks after yesterdays
buying in them for speculation the whole
market necessarily made some response
and the earlier gains. elsewhere were largely
Curtaied The steel stocks showed them
selves not so yielding as those I'm other por
tons OF the list when the force Of the SELL
covery In the steel stocks was an important
influence on the market Buying was
credited to insiders and there was a recur-
renee of recent rumors of coming whole
sac consolidation of the great corporations
In the trade. The opening rise In the south
westerns was not so well maintained al
though Missouri Pacific made a strong re-
cover later, rising to 9l7s, and the Wabash
securities were very largely bought IL was
IuHOIeu tndt chicago q Eastern LIMOS
had passed to the control Of the Missouri
Pacific or st. Louis Southwestern and the
lately prevalent rumors OF a general con-
SC idaton of the Southwestern railway sys-
terms still retained their form in the specI-
lation; Chicago & Eastern Illinois rose 5i4
and the preferred lia. a spurt of Sls in
There was very large number of stocks
which advanced sharply. under the prevail
reads Ly the larger railroad systems Is the
order of the day. Hooking Valley rose a.
locking valley preferred ga Pere Mar lar
Evansville & Terre Haute, 5; Lake Erie &
Western, 2. and quite an extended list from
to points. The most important movement
of the day was In the later dealings, when
the coalers and Pennsylvania showed ag-
gressive after symptoms of heaviness early
In the day on statement that the diVi-
dend on Reading first preferred would not
be increased for the present. The move
ment seemed to be based on rumors as to
the disposition of Lehigh Valley, different
peop,e assigning II to Lackawanna, Erie
and Reading. Gains on the movement were
3 for Lackawanna, for Delaware q Hud-
son, from l to for other members of the
group. The movement I'm Pennsylvania was
not explained, but It resulted I'm an ad-
varce OF points. Union Pacific and South
ern Pacific also sue Cceeded in throwing off
their depression, the former advancing TO 81
and the latter to SS through heavy offerings
In both cases. furry to per cent In the
call money rate v1s not much needed, al
though It calls attention to the fact that
| last weeks enormous inCursion into the re-
| ,efve forces by ceacon of the loan eXpan-
sion of over s3O,0coOO0 was a reality to be
rCckoned with. The reaction In sterling ex-
| change and the inn ression that an outward
gold movement 20 London Is averted for
| the present, owirg to the decline In the
money rate there helped to offset the effect
| a. the firmer tone of the local money mar
| ket.
The absorption of middle and lower grade
| Uon1s continued very heavy and at advanc-
| ing prices. Total sales, par value, S,7l0,OO0.
| United States IS advanced Il per cent on the
| last call.
! The following are the closing prices on
! the New York Stock exchange: