Omaha daily bee., 1902-11-16
NEW YORK srOoKs AND BONDS
Principal stocks eOv Slightly.
Though Nervousness is shown.

NEW YORK, Nov. B.-Much nervousness
and misgiving were reflected In the market
again today. and there were erratic huctua-
tons Throughout the session. The market
closed firm, however. and at net advances
Of / TO 2 points over laet night for the
seemed 10 be the deciding feature In driv-
ing the bears 70 cover. The loss IN cash
was less than had been expected, but the
hoped for in view of the heavy liquidation
In the stock market during the week. This
The Publication OF the statement. 1t was
argued that the heaviest liquidation which
occurred in yesterdays stock market would
ages, 90 that the statement probably under
stated the strength Of the banks. The re-
terror 10 New R0Y York revived hopes for the
recovery of the money situation from that
source. BANKERS were unanimous In deny
ing that there was any occasion for alarm
ing rumors Of financial unsoundness In that
portion OF the financial world and their as
s T5sni sr haa 3 hs rsli ssiis5 snef fbs upon %sy s sTom
Is to 30 points for the principal high stocks
from. the Level of yesterday, and at the
the lowest Of the year, but many OF the
! speculative favorites and those among the
stocks Which have suie ,Te I most Sc y
points above the low level Of the early
part Of the year.
have not been so freely sold as stocks.
United States Sc and Sc declined y, the new
As II, the old 4s = and the 2s ! per cent, as
compared with last weeks closing call.
The New York F1nancier this week save
The ofhcisl statement OF the New York
OF s1,4ss. 700 in cash, of which N,T74,iO0 con-
sisted OF specie and s265, 500 Of legal tenders
The t~raceable movement Of money during
the week, however, indicated an estimated
loss Of S2,s47 800 in cash, or 81 .2Os, 100 larger
than that shown by the ofhcial statement
one feature Is nnIe OF ot the 1naer Saa vb Shan msy
account for the above noted discrepancy Is
that the returns Of money from the central
south were more than sufficient TO Offset
the transfers through the treasury to New
York. 1t is noteworthy that the loss OF
sA,eS, 400 by the banks 70 the subtreasury
last week was the greatest for eny week
since September Is. This was largely due
to customs and international revenue col
~lections and these are expected to continue
heavy in the near future. Loans in the
banks were reduced t5,05s, 400. rejecting the
liquidation which was in progress on the
week; the deposits were decreased $3.50, sol
or a larger amount by Sl.l62, 700 than was
called for by the total OF the loss OF cash
statement was out of harmony. The re
CURED reserve was reduced by H,s15, 700.
cash leaves $4,000 as the increase Of sur,
plus reserve. This item now stands at U.s.
ing date last year, Computed on the basis
OF deposits, less those OF the government
which were last week reported at $40. 259. 700
culation continues to increase and tn,
amount of gain reported last week wat
$500, 300. One noticeable feature was thu
large amount of bank cleartngs for tht
week, probably due to the shifting of loani
\ and other changes incident 70 the business
in stocks on the exchange. The total OF TIT
clearings reported for the week was S1,747,
IN. S25, or 1915. 900. 900 greater than for tn,
previous week; the daily average was 1921,
100000. The clearings on Saturday, reflect
ing Fridays business on the exchange
were 500, 100000 Comparisons OF changes
in the item of loans show that of tn,
larger banks eight made a net reduction o
100000, indicating that the contraction o
this item was quite uniformly distributed
Two of the largest banks increased speech
by A,100.O0.
The following are the closing prices Of
49, Nan KorE EfOrE axrhan1e.