Omaha daily bee., 1902-04-09

stock Dealings Assume Large Pro-
portions and Bond Market Firm.

NEW YORK April s.-The effect Of yes
terday's furry in the money market was
dissipated today and an aggressive leader
ship was developed on the recovery in
stocks. This leadership seemed to remain
with the, western men. who took hold OF
some evidence that their forces had been
recruited from other sources, while their
shaking OF of a weak following by yes
terday's reaction. Tit extension OF the
short interest during. yesterdays decline
was also a technical factor of strength In
tocay's market. The reinsurance Of the
speculative element was not Immediately
felt, and there was considerable waVering
and uncertainty in the early movement Of
prices. ln fact, there was not much In the
market up to noon outside of the persistent
absorption of Louisville & Nashville and
the sharp advance in Amalgamated Copper,
apparently a continuation of yesterdays
Louisville & Nashville proved the central
figure of the market and its aggressive ad-
vance was the dominating figure In the
broadening demand for stocks. The deal
ings In the stock were on an enormous
scale, and there were indications that the
inforced on the buying side by a w~eli-Enown
operator who only recently returned from
a long trip to recuperate his health. The
explanations offered for the rise were
mostly in the nature Of surmises on the
part of spectators.
The reported acquisition Of the Atlanta.
Knoxville d Northern railway was be-
lieved to be the preliminary to active in
cursion into new territory. The belief was
BAOlGbECh nat III new lbSut VI eosN0NtNNV -
stock for the purpose of this purchase al
ready had been marketed, thus freeing the
market from the ,%future offerings of y
The aggressive policy undertaken by the
company gave rise to conjectures as to the
possibilities OF the establishment of a COM
munity Of interest in the territory con-
cerned.
Illinois Central and Southern preferred
were benefited by. sympathy. The move
ment spread into the southwestern stocks,
and ct. Paul, Union Pacific, Southern Pa
cihc and Atchison were affected by the
Of the Vanderbllts of from 1 to 8 points,
and a large number of minor stocks, of
which the Wisconsin Central stocks were
most conspicuous, were vigorously adj
vanced.
The list of minor Industries affected was
also large, as has recently been the rule.
sensational advances of 14h for the COM
mon and 10 for the first preferred on the
General Electric.
The whole market gave way on the
RBG 0nr da5 igs which nriGn,D deve ectpea i IN the w Iess
carried back from / to 2 points. The mar
ket closed easy.
The late OF call loans today held firm
at 506 per cent. 1t was believed that this
rate would check further shipments OF
gold, and this assurance was a considerable
relief to sentiment. The calling of~loans
yesterday seemed to have strengthened the
stu ation of the banks so far that the feel
ing In the money market today was much
quieter.
The Central of Georgia income bonds
were the features of the bond market al
advances of 2 to 3h per cent. The Greer
Bay & Western BIS were also strong and
active. Otherwise the bond market wa
rather quiet but firm. Total sales, pal
value, s., 77O,O00. United States bonds were
all unchanged on the last call.
The Commercial Advertisers London
financial cablegram says: The stock mar
ket was quiet and irregular today. Con
soils were firm on the reported postpone.
ment of the budget in expectation of peace
Developments. Kaffirs were good on un.
confirmed rumors of Boer surrenders rang.
ing from 800 to 5000. Americans were veal
early on the monetary outlook in New
York. Attention was confined to Louis.
VILE & Nashville, which New York per
sistently bought, the stock strongly ad'
vancing from 1854 to 1925. London was
caught short. Other stocks were neglected
but Denver & Rio Grande spurted III. II
the street. Canadian Pacific relapsed q
point. The market is nervous about tht
speculative fever in Montreal in coal anC
iron shares. Rio tintos were strongly
bought, the price advancing y to 44ls
whether on American or French purchas,
was disguised. There are rumors of al
A~malgamated dividend to be paid. TIL,
market repaid the bank 2,00O,0 900, but re
mains impoverished.
The following are the closing prices OF
he New York Stock exchanges: