Omaha daily bee., 1902-09-03
NEW YORK STOCKS AND BONDS.
score of Stocks Establish New High
Record After Holiday.

NEW YORK, Sept 2.-The resumption OF
operations in the stock market, after the
triple holiday, was marked by increased
activity and strength in the entire list.
More than a score of stocks established
new high records, among them peing At
Gibson common, Canadian Pacific, Cleve-
land, Cincinnati, Chicago q st. Louis, Col
orado Southern second preferred, Detroit
Southern common and preferred Missouri,
Southwestern, Norfolk & Western, Penn
~sylvania, Baltimore & Ohio, the Readings,
ferred, Toledo. st. Louis & West
ern common and preferred, Wheeling q
Lake Erie common and second preferred
and the Sloss-Sheffield Steel issues.
Contributing factors were last weeks IA
vorable bank statement ana the strength
Of Americans abroad. London buying on
chiefly Atchisons and Reading. No spe-
ciho news was hard to account for the
asm ave in the case of the Anthracite
ccalers, concerning which there ~ppeared
70 be a fast increasing beiier fostered In
high circles that the strike is nearing an
end. Reading common was the feature,
scoring a net advance of 5h points and
closing at the highest figure of the day
on transactions a~ggregating over $4,000
shares, or nearly ~one-quarter OF the days
total operations. The other Reading issues
made material gains. as did also Lacka-
wanna, Delaware & Hudson. New Jersey
Central and the Fries. There were ru-
mors that the heavy buying of Reading
common had unwittlngly created a con-
Of this stock came in large part from
houses supposed to represent inside inter-
ests. To a great extent the strength of
the western railroad stocks was ascrtbed
to the better outlook resulting from the
agreement to advanc grain rates to last
spring . basis from the Missouri river TO
Chicago and st. Louis points. Railroad
returns, as reported for July, were in the
main satisfactory. Such properties as
Louisville & Nashville, Union Pacific, st.
Paul, Norfolk & Western, Wabash, Min
neapolis, st. Pau & Sault Ste. Marie, as
well as a number of less conspicuo Gus roads,
showed net increases. Another favorite
feature which was not regarded by stu,
crease Of the exports over the correspond
Ing period of last year. The list con-
tinued strong and active to the end, though
the closing, save in a few instances, being
at the best prices Only ~unfavorable de-
velopments were the high rates for call
money, 8 per cent being the maximum fig
ures, with a fractional decline at the close,
and further drafts on local banks amount
ing to $4,000 for the crop in
the west n southwest. Much of the days
but there. was, nevertheless, much public
and speculative interest Of a genuine char.
actor. On The curb" Northern Securities
and the new stocks of the Rock Island
company sold higher than at any previous
time. Rock Islands strength was attrib.
uted to heavy buying by the controlling in
terests. Stocks of the American Bicycle
company were weak throughout, as a re-
suit of the days Developments, the price
OF the common stock selling on ~, as
against 81 at last Fridays close.
Railroad bonds were generally higher
In sympathy with the stock list, particu.
larry the convertibles. Total sales, paI
value. N,4aO.OOO. United States 2s and 8
a9 TSs sShowIRS sr s ssnt tS on d the call nr,o.. ~
| the New York Stock exchanRa.