Omaha daily bee., 1902-02-06
MOVEMENTS OF STOCKS AND BONDS.
professional Trsders' Efforts to Rouse
Market Prove

NEW YORK, Feb. 5.-Today's stock mar
kst was dull. n spite Of spasmodie efforts
the stocks. BY the time they succeeded In
would develop in another. and in conse-
quence the dun movement was irregular all
Gay. strlking movements IN closely held
hlgn-priced investment stocks continued a
feature. The significance OF these move
ments was not disclosed, although traders
sought to make the most of them 70: their
sympathetic effect on the general list.
Ihese apparently sensational movements
on a small volume of trading are a natural
consequence where the stock of a com
pany rs closely held for purposes of a con-
troll or centralized In the hands of a few
conservative and powerful capitalists for
investment. who are quite uninfuenced by
the course of prices IN the open market.
Among the stocks so moving were the Chit
cago a Northwestern, American Express,
United States Express and Lackawanna.
Nashville, Chattanooga & st. Louis, which
but closed with a net loss OF only Z. The
recent sensational upward movement in
Lackawanna is associated with the rumors
OF control of that road in the interest of
that road as an outlet for the Wabash
system. The Wabash stoc6s were very
hrm today In the same connection. An
other center of speculation was In the local
traction stocks, under the influence of pub
lished reports from Philadelphia of the
formation of a securities company to hold
possibly other local traction companies.
group and Metropolitan street Railway.
after an upward squirt OF IL, declined on
prohtNaking, falling IA below last night
fractions down with 1t. The speculation in
Amalgamated Copper was feverish, the
on the further break in the London copper
market, and the slump in Rio tintos. The
~steadying of the London copper. market and
Rio tintos rallied A-malgamated Copper to
Us over last night, and II was an effective
factor in the late rally in the New York
stock market. The gDQCt1lQtiVo nOnl 0DQTat-
ing in Southern Pacific took that stock
vigorously in hand and pushed 1t up 1% on
rallied with some vigor In sympathy, st.
Paul rising 2 points over last night and a
point. United states Steel also developed
some strength just at the close: Other
features of strength were the Toledo, st.
Vanderbilts on rumors of absorption Of the
former by Vanderbilt interests. Mime
apolis, st. Paul & sault Ste Marie preferred
buying of Sugar continued, but Its net gain
was only a fraction. There was no general
time beyond the disposition to dullness
caused by the export movement OF gold and
The bono market was only moderately
active, but was inclined to be firm. Total
sales, par value, %,74O,00O. United States
~refunding rs advanced " per cent on the
The Commercial Advertisers COM
stock market was good today, the par
TALLY successful pusuit. of General Dewet
stimulating buying. The American depart
ment was neglected and inert. The copper
situation Is looked upon with disfavor, as
are New York gold exports. In the after
| noon New York bought Southern Pacific on
a revival of old consolidation rumors.
| Louisville & Nashville was also bid up by
the same sources. Rio tintos closed al
45N, after having touched the extreme OF
Az to 45N. Anaconda closed at 6 1916, OF
"A down for the day.
THE following are the closing prices on
| the New York Stock exchange: