Omaha daily bee., 1902-08-27
NEW YORK sTOCKs AND BONDS
Volume of Dealings Large, Market
Active, but waivers at Close.

NEW YORK, Aug. 26.-The volume of
dealings in stocks rose we'll over 100000
shares today. The market showed great
animation at different times during the day
and gave ain impression Of strength, owing
to the enormous buying on an upward
range of a few stocks, but the speculative
proft-taking under cover of this strength
WINS persistent and widespread.
The market became so honeycombed by
the GLoslns out OF h1latnss py p1w Z { dol
cidedly crumbling tendency In the closing
hour. There was no reason to accompany
the relapse any more than there was to
account for the previous notable advances.
There was no more solicitude over the
money today than has been expected by
peoially since the market took on the pres
ent proportions of the speculation. 1t Is
highly probable. nevertheless, that the large
operators in stocks are alive to the possi-
bilities of money difficulties and are de-
sirous of making their successful turn be-
fore actual stringency sets in.
A5 "a matter OK fact, there were nc fur
Their transfers of currency today to the in
terror through the subtreasury and loan
foreign exchange market. But discussion
Is already heard of next Saturdays bank
statement and ways and means for relief
of the money market by the Intervention
of United States treasury au thorities are
already canvassed without throwing clear
light on the course to be pursued. The SEQ
rotary of the treasury rescinded the stand
Ing order OF his predecessor for the pur-
chase Of government bonds In the market
o. q AAACo PhiCGI Lii AO 10 ECpOTNCu " nave
determined not to renew this method of re-
leasing surplus government funds to the
market. Increase of government deposits
with the bank would require increased hold
Ing Of government bonds as security, and
the recent persistent advance in govern
ment bond quotations Is supposed to re-
fleet preparations by bankers to this end.
but the scanty floating supply of govern
ment bonds makes such a demand quickly
will wipe out the profit both on banking
circulation and on the holding OF govern
ment deposits.
There was nothing in the ruling rate OF
money today, which fell to 3h per cent, to
lators. The leadership of the market IN
point OF strength was assumed by Atchison
the argument being that the higher price
recently achieved by other stocks war,
ranted an advance In that stock. Meantime
the higher prices for other stocks were in,
wiling the enormous speculative liouida.
ton which finally broke the market. Deal
lngs continued very large in Union Pacific
Baltimore & Ohio and Southern Pacific, blu
tney All yielded sharply to the prevalen
There was more doing in other parts o.
the market than yesterday, but the con
gestion In the leaders was still acute an,
there were large portions of the list n
Mnlen the dealings were, quite Insignificant
especially the industrials, which were al
tected possibly by the forcible sentimen
Tor their regulation expressed BY the presi
cent. The market closed heavy, ALTHOUGH
at some recovery from the lowest.
me principal activity in the bond mar
ket. was In the Union Pacific convertibIes
> whicn moved In sympathy with the stock
as oid other convertible issu es. Total sales
par value. A.SS0,O00. United States old Z
a1Vaneed Il and the rs and IS Y per cen
The following are the closing pricea n
Z the new YORK Stock exchanges: