Omaha daily bee., 1902-08-21
NEW YORK STOCKS AND BONDS.
Presence of Mr. Morgan Incites
strength I'm an Active Market.

NEW YORK. Aug. 20.-Today's stock
market was more broad and active than
that of yesterday and generally strong, but
and was not consistently maintained. The
hand of the professional was quite mani
fest In the market. After one group of
stocks had been pushed UT to a certain
extent they would meet selling orders to
realize in the moment that aggressive APP
some new quarter, thus encouraging con-
tinued buying by outside spectators in the
stocks already advanced and thus facill-
tating realization.
1t was distinctly a Morgan market. That
Is to say the buying of stocks was based
on the assumption that Mr.. Morgan has
returned to Wal street ready to take up
the broken continuity of many important
projects which he had under way when he
left for his vacation. Some of these pro-
tects have got into a snarl, legal, financial
or speculative. Professional Spectators in
the street have an abiding faith that Mr..
Morgan will promptly settle them all. His
appearance at his office, going directly
thereto from the steamship gave additional
strength to the conviction that he would
give immediate attention to pressing prob
ems. 1t is needless to say, however, that
some of the expectations expressed by the
active spectators In the market as to the
scope and promptitude of Mr.. Morgan's
The undeniably Strengthening effect upon
confidence of this capitalists return to &C
uve direction of affairs was promptly
te ken advantage of by various speculative
pools to make demonstrations in their fav-
orite stocks by rapidly advancing prices.
A distinctly tone to the money market
facilitated the operation for the advance.
The ruling rate for call loans was four per
cent as against AZ per cent yesterday and
the market for time loans was also called
easier. The foreign exchange market nat
ur0lly hardened in consequence.
Continued selling of stocks for London
account was also a factor in the demand
for exchange. The interior demand for
funds seems still to be DELAYED and hank
ers report that outside lenders were plac-
ing their ready funds on call In today's
stock market.
Owing to the large pension yme and
the decline from the recent high level from
government custom receipts the sub-treas-
Try has contributed over SSOO,OOO to the
stitution paid out 5000 O on account of gold
deposited at Pacific coast points, which is
presumably Klondike gold. The treasury
statement from Washington, however,
Sl69S, 49,, which cuts down the months
oenclt ABOUT three quarters.
~Onfavorable crop weather, the futility of
the coal conference to effect a strike settle
ment and the violent break in Colorado
Euel on account of the internal conflict in
the company were ignored In the trading,
Inc special strength of some Colorado rail-
ROAD STOCKS was supposed to be connected
with the liquidation of Colorado Fuel.
recent rumorS of a merger of Southern
railroads, Of Canadian Pacihc's alleged in
tention to secure an entrance to Chicago
ana OF a prospective absorption by large
railroad systems of sundry small systems
were all manifest Influences in the market,
'front.' taking was general during the last
hour n the closing was active and Ir-
regular. "
Bonds were generally firm. Total sales.
par value, $2,500,000. United States bonds
The following are the closing prices on
the new 1ork Stock exchange: