Omaha daily bee., 1902-11-25
NEW YORK STOCKS AND BONDS
Increased strenEth In Foreign EN-
change Makes market Irregular.

NEW YORK. Nov. 24-Movemeuts OF
leading stocks IN toezy's market were tr-
reEuiar for The part this eendttion being .
strength In foreign exchange. Demand
sterling was quoted at - 81 the advance
stocks here for London. together with heavy
purchases Of exchange by prominent in
ternatioual banking houses While the high
rate puts this center nearer the gold export
point. II II still the opinion OF experts that
pressure viii be brought to bear to pre-
vent outflow OF gold even should ex-
change reach the level where transactions
OF that sort could be prodtsbly made.
Nevertheless II is doubted that exports can
be delayed much longer II london con
tfnues a heavy seller OF securities here. IN
asmuch the local market also has to
provide for Importaat payments maturing
easy. most loans for ninety days or longer
being made al 81 Per cent 1t Is known
that considerable outside money not held
by local banks has been loaned at this
figure tn the last few days Receiving no
encourzge ment from Lonoous where the
market for Americans was dun and spirit
less. opening prices were generally lower.
though q tendency to Improvement was
soon shown Trading in such stocks as
Readfng Manhattan Metropolitan, st. Paul
Sugar and Colorado Fuel and other active
issues was al a lower level but some OF
ins. soon recovered Rock Island issues
made early gains OF and ~ per cent for
the common and preferred shares, respee-
lively, on heavy transactions. The strength
Of these stocks brought a sharp recovery.
but the list soon developed another reac-
shown against St Paul. Missouri Pacific
Southern Pacific. Reading and New York
Central. al declining point or more, with
Hooking Valley. Louisville 4 Nashville
was decidedly errstfc. starting with a one
point decline. rallying II and then decltn-
Rock Island was meanwhile wei sus-
I tanned During the early period there were
few movements Of importance In the In
I duStriaIs CoIOrado FueI 1fxpiayfrz further
/ heAviness on reports Of a renewal OF the
/ contest for control. but IN the later trans
/ points on moderate transactions In the
2 special class Pressed Steel Car was higher,
/ while single sale OF New York Air Brake
+ Trading continued duh and largely profess
4 stonal until the afternoon, when new
I movement IN Manhattan advanced that
/ stock 20 15S1z. which II declined 5 points
/ closing with net gain Of points on very
I large transactions The grear bulk Of Man
haitian buying was by Gouio brokers' The
/ movement in Manhattan stimulated buying
I IN New York Central and Pennsylvania but
I Metropolitan and Brooklyn Transit were
I little affected either way. The bear fac
/ ttou traded cautiously. but took courage
( from the absence Of any news regarding
I the so-czIled Manhattan deal" and made
/ a successful attack on that and other
/ stocks- New York Central and 81 Paul
/ were forced down while attempts TO move
Ing. Short covering IN the final dealings
I was hardly OF sUfncient volume TO prevent
an irregular close. London sold fully loo
shares, a tctal Of about 1l5ooe, In the last
four DAYS and bought nothing The lack
/ Of London buying was attributed partly 70
the approaching fortnigntly settlement
Bonds were Irregular and rather dull
J Early losses were largely recovered when
sales, par value. sz.G00 600. United States
Is and the IS declined 4 Per cent on the
last call
I The following are the closing prices on
7 the New York Stock exchange: