Omaha daily bee., 1902-02-27
NEW YORK STOCK AND BONDS.
important stocks Slumber and OBJ
scure Securities Are Pushed Up.

NEW YORK, Feb. 26.-The proceedings in
todays stock market were. practically a
That is to say, the important railroad and
Industrial stocks Of the largest capitauza-
ket movements, were allowed to, slumber
while various obscure and rarely active
stocks were taken up one after another and
pushed upward In more or less sensational
movements. This order of things was
varied in the last hour by a sharp raid on
oostensiibbIe reason PPoop thSeir se,lins ana ofs
fering down prices was the announcement
OF engagements OF gold for export by to-
600. The persistent dullness of the whole
market and its refusal to advance under
the 6S,v efforts to stimulate by marking up
SIGNALS with invulnerable position and the
announcement of the gold exports was
rather a signal than a motive for the at
tack. Reports Of damage to the winter
wheat crop and the ensuing sti1ening In
the winter wheat market were used to
souri, Pacific was for this reason especially
vulnerable and its report of a decrease of
in February also added to its weakness.
1t was noticeable, however, that roads
period rep p eena lneIesses c ITs the sans ne
January increase of s220,S75 net, were not
able to resist the decline. No other stock
souri, Pacific. The announcement of gold
exports was hardly a surprise, as sterling
exchange has lowered about the export
POALAA 81 won 0N OOCi AlNdN y
sellers of stocks since the news of the
governments procedure against the
ply of commercial exchange bills in the
market Is very scanty. The money market
In New York has not shown the slightest
reflection of any coming s~tringency, yet
the subtreasury operations have already
taken up nearly 81, 900 since the last bank
statement and with New York exchange
terror movement of currency is probably
away from. New York. An early response
In the local money market Is highly prob
able. The advances in today's market
were almost universally without eXplana-
ton. In the case of the minor railroads
they were based on a general assumption
that absorption of these by a larger system
Is manifest. destiny. The more prominent
stocks In which. there. was strength in were
Pennsylvania, the Eries, Wabash preferred
and Illinois Central. Copper was active
and Irregular: Other stocks notably az
the Denver & Rio Grande stocks, Toledo,
sc. Louis & Western, the Wisconsin Cen
Evansville & Terre Haute stocks, Chicago
Great Western preferred A, the st. Joseph
& Grand Island stocks, Ann Arbor pre-
ferred, the Minneapolis. st. Paul & Saulte
Ste; Marie stocks, Des Moines g. Fort
Dodge, Kansas City Southern preferred,
Southern stocks, Peoria & Eastern, Kings.
ton & Pembroke, the American Bicycle
Reduction stocks. Some of these suffered
acutely from realizing.
There was very large buying or wabash
debenture BIS, and the general bono mar
s,SoO'Coo. United states bonds were ali un.
changed on the last call.
The Commercial Advertisers London
financial cablegram says: The stock mar
ket gives evidence of returning to its
former .lethargic condition, although a re.
spectacle bull account in South African
shares still exists. The quietness was as
sisted by the Victor Hugo centenary policy
In Paris. The market opened firm, but re-
lapsed in the. afternoon on military .mishapi
in South Africa. American stocks wers
firm on the exchange, Union Pacific, South
ern Pacific and United States Steel being
action in the street. Rio tintos sold al
46M. Settlement preparations caused the
market to borrow e1,5OO,0 from the Banl
of England.
The following are the closing prices OF
| the New York Stock eXchanRe: