Omaha daily bee., 1902-09-10
NEW YORK STOCKS AND BONDS.
Market Rules Firm and Much Activity
on the stock Exchange.

NEW YORK, Sept. 9.-With business we'll
in excess of loo, 900 shares and widely uls-
tributed today's stock market ruled hrm,
with many marked advance and closed
with sentiment rather mixed: Except, lot
further good crop advtces ana WORD OF an
approaching importation OF gold IRON aus
tralia there was little to account for the
strength shown. Or the other hand the
financial outlook was again menacing, call
loans advancing to 9 per cent. NO little
dissatisfaction was shown ct the status or
the coal strike situation. In good part the
many pools. The market opened with gains
in the southwestern stocks. particularly
those in the Gould system, and the strength
Pacific, which was the feature in point OF
activity, was accompanied by a host OF
rumors, none of them authoritative. The
street" ascribed much of the Missouri Pa
ctic strength to the operations OF a Wen,
known pool. and this belief was heightened
there were large and brisk operations in
some old favorites such as Louisville q
Nashville and Southern Railway, and 1t
was in these stocks that manipulation was
most manifest. Concurrent with the move
in these issues was the strength or ST
Louis Southwestern and the so-called Den
yer class. but in these. as well as in South
ern Pacific, manipulation was at times al
most fragrant. Apparently more genuine
Wheeling & Lake Erie, which advanced
sympathetically. Little interest appeared
to be excited by the regular dividend an
haitian, traders taking them as foregone
conclusions. The advances In Southern
Railway met with free selling for London
account, but at the opening that market
bought moderately of Southern PACING,
which it also sold. United States Steel
shares were comparatively inactive and in
clined to heaviness, partly as a result or an
adverse legal decision, though both issues
held their own at the close. In the last
hour stocks which had previously been neg
lected were taken up and made active.
In addition there was another heavy BUY
ing in Wabash issues and the southwestern
group, with a counter move in st, Paul and
Missouri Pacific which appeared TO be in
the nature of proft-taking. New high rec
ords were made by the last named stocks,
as we'll as by Atchison, the Wabashes,
Wheeling & Lake Erie, st. Louis South
western preferred, Pacific Coast, Southern
Pacific, ~Sloss-Shef1eld preferred and Vir-
sues were a feature both on the exchange
and on the curb, operations in the first
named place being stimulated by the
strength of the new securities In the out
side market. In addition to the adverse
conditions already mentioned the technica
was not regarded with favor. Since Friday
last the banks have lost almost A,OCO,CUt
to the subtreasury, which reduces the sur
plus reserve as reported in last weeks
Then heavy pension payments will have Il
be met the latter part of the week, blu
probably too late to figure in this week
bank statement. Wabash debenture bondi
continued the feature of the bond marke
today. numerous purchasing of them a
the recent extraordinary trading in thi
issue. The general market was active ant
strong, total sales, par, ~2,6O5,OO. Unite'
States As advanced Il, the Is coupon 4 ant
The following are the closing prices o.
the New York Stock exchange: