Omaha daily bee., 1902-03-01
NEW YoRk STOCKS AND BONDS.
Market Dragged Downward by Pros
pect of Heavy Calls Upon hanks.

NEW YORK, Feb. 2S.-The forecast Of
the bank statement and the prospect. OF
additional heavy requirements upon Eew
today and dragged prices downwards. The
decline toward the latter part of the trad
previous movement during the week.
Prices of all classes of stocks were alike
affected, both the minor specialties, among
which there had been some show. OF
strength earlier In the day, and the leading
standard stocks, which had lain inert until
the selling movement began: o nauis
of being forced, but II was evident that II
was thought best to be prepared for con-
in all sail possible. The preliminary fig
ures of the weeks cash movement as
usually published con Friday, which In
cluded the known movement OF money up
to Thursday night, indicates that the banks
have lost nearly $6,0OO,O00 in cash during
aotly wf for s ass sspO Tbe Of routine SHiS ' suStre ss-
ury operations took 81, S93, III. TIL regular
express movement with the interior was In
than 100000, and today there was de-
posted at the subtreasury $4,000 for
transfer to. Chicago. which would about
wipe out the earlier gain by the banks.
The loan item remains in the usual OBJ
scurity, but there has. been no important
stock market LIQUIDATION. Syndicate sub
scriptions to the glucose and starch COM
bination have been called, and there Is e
possibility that the gold exports represent
their transfer to local banks, as was the
case with the last gold that vent out.
There is no great hope, therefore, of any
morrow. Beyond that the persistent firm
ness of the foreign exchange market in
dicates that further gold will go out by
export next week. The first deposit at the
subtreasury for transfer to the west is
generally accepted as the sign of the turn
ing movement of~currency away from New
York again to meet the usual spring re-
q~uirements in the interior. New York ex-
change at Chicago, however, recovered to-
day from soc discount to zoe discount. The
request to the treasury authorities for per-
mission to deposit gold in New York., to
be drawn on at San Francisco, foreshadows
a further movement, which promises to
nected with syndicate payments for street
railway properties. With surplus reserves
of the banks. last Saturday down to the
modest showing of s12,456,65o the money
outlook seems somewhat formidable for
SPECTATORS on margin who are dependent
upon the call loan market for accommo-
On the. other hand, March interest and
dividend disbursements will be unprece-
d~entedly large this year estimates of the
lators, however, evidently took the view
that caution was desirable and they sold
their holdings. The days losses run over
a point for some of the important stocks.
The bond market was dull and moved
very narrowly. Total sales, par value
The Commercial Advertisers London
financial cablegram says: The settlement
was successfully completed today, but the
public failed to respond. The genera
likely to last until after Easter. Kafnrs
however, spurted on the street after the
close OF the exchange on news of the cap
American shares asleep. Copper fell IL
to s6 Is Sd the ton in anticipation of 6
bad settlement as to statistics on Monday
the New York Stock exchange: