Omaha daily bee., 1902-02-11
MOVEMENTS IN STOCKS AND BONDS,
Heavy Fire Losses Cause Uneasiness nj
the Opening Of the Market.

NEW YORK, Feb. 10-There. was some
apprehension In speculative circles that
the support accorded the market on sasa te-
ment would prove but temporary and that
a setback was imminent in the prices OF
Sunday, especially that at Paterson,
caused additional apprehension before the
S96p9snnddReSS, The There Sne %ss aSuPP gGysd BUYING 5S Rs uo Of
stocks from the opening and little liquida-
tlon was encountered. There was, Indeed,
have had striking advances recently. but
the strength was diverted to new points.
T st29sins f9sthTs:. az aftn at@snrtS SisSSl T no m sSms
took on the full proportions. Of a bull
market in either the volume Of dealings, the
the distribution. The bulk of the business
was. still congested, in comparatively few
Readings, and stocks most nearly allied to
them. There were some indications OF a
common origin for the active dealings in
Pacific is avowedly based on the rate of
earnings reported for the company and
penses and ~refunding of high interest mort
cages. The gain in. the price OF the stock
extended to "a points; The strength OF the
tustment of labor disputes was assured.
The soft coal carriers shared in the move
were features of the trading, notably the
st. Joseph e. Grand Island stocks, the Kan
sas City Southern stocks and the Toledo,
0Ns ISOhlo " N0SAClh WINS OOAAO ~ 49,
class of stocks which rose last week sur
fered sharp reactions. American Express
conviction that developments are pending
in the express business. The industrials
generally were inclined to be heavy, except
Detailed analysis of Saturdays bank state
ment shows that a few large banks are
responsible for the large changes in Satur-
days statement. of the total loan Increase
of nearly 50 100000, four banks are seen
to be responsible for over 10000, 900. namely,
/ fha NofH0nnl CufU the EirQf National the
Hanover National and the National Bank
of Commerce. 1t is also notable that the
amounts to considerably more than the
total decrease for all the banks, while the
First National bank alone. of the -four,
shows an Increase in reserves of nearly
$1,000. 900. The large changes thus shown
confirm the conviction prevalent that some
bearing on the condition of the banks,
compared with last year, II Is worthy of
nI TS t I'll that t. noswiths s5e oSai%S the he t ISSp wee ks
net increase since the first of the year is
only $50, 545, 800, while the accession to re-
February 16 there had been an increase In
loans of Sis, 165, 500. while the reserves had
s soSSred but tss sfG STeS iseGi phs Period for th hast EEeSg
Jersey Central purchase, the Southern Pa
cihc purchase and the formation of the
The bond market was active and
somewhat broad. Total sales. A.425,OO0,
pp ar sasue on ou tbe last SttS caii. OOhuS were all
THE Commercial Advertisers London
financial cablegram says: Good news re-
garding the Boer war strengthened the
stock market Today. Kaffirs were very
active, but were disturbed by large realiza-
tions, due to the difference of carry over
weak bulls who were. shaken out. Ameri-
can stocks we've liyelier. The professional
contingent is waking up. Apparently, II
is all New York buying. Prices opened
around parity. At first the Reading issues
were bid up on New York account. Later
the same course caused a renewed demand
for Erie, Reading and Southern railway
The close was strong. United States SteeI
was in demand In the street. Rio tintos
sold at 45h. The market was a heavy
borrower of funds. Silver was weaker or
free American sales.
The following are the closing prices OF
the New York Stock exchange: