Omaha daily bee., 1902-02-25
NEW YORK STOCKS AND BONDS.
Market Sinks Bnck Into Hands of Pro-
fessiOnaI Traders.

NEW YORK, Feb. 24.-The stock market
sank back ihto the professional traders
hands today and there was no important
movement except in a few stocks of smaller
railroads not allied to any Of the great
systems and in some minor industrials.
The declines established for. American
stocks in London since the close here on
Friday afternoon had to be faced at the
opening. This caused a lower level at hrst
than on last Friday, but prices were at no
time down to the London parity and they
soon began to recover In spite of the SELL
the advance. The confidence that the SUI
preme court would refuse jurisdiction in
Minnesota's suit against the Northern Sc
held in Wall street for three weeks, was
unimpaired this morning and the traders
The announcement of the decision by the
court failed to attract any outside demand
and the efforts of the traders to take their
an easy closing. The decision of the ad-
ministration to push the case against the
other suit of much OF its Importance, but
the fact remains that one possible course
OF procedure against the company, is
achieved toward the establishment of the
company's status. 1t is generally telt tnat
all possible courses of procedure will have
to be met In the same way. The profess
exchanged assurances that the adminlstra-
TONS suit against the company might be
regarded as in the nature of a friendly
process to establish the true standing OF
that company under the law and the visit
to Washington Of some Of the principal
~inanciers Interested was regarded as a
f~avoring factor for the outcome of the case.
This sort of argument was not so conyinc-
ing. but that the professional traders kept
keenly alert to each others
and when important selling to realize de-
large street dealings were in stocks which
moved under individual influences. In Sugar
the influence was disappointment over the
means committee from the duty on Cuban
sugar. Amalgamated Copper was affected
the removal of threatened litigation. Colo
RADIO & Southern was heavily bought with
an advance of over a point on reports Of a
transfer of control. An upward movement
of a number of low-priced minor railroad
stocks had no other apparent cause than
& Southern. Tennessee Coal was a feature
at an extreme advance of 81 points on
rumors of a resumption of dividends. Deal
but the movement in the stock was small.
Foreign exchange continued to advance
s seSayi isfS Sere and Sy the non s@aii sepplSg OF OF
commercial exchange bills, but the local
money market continued easy, Chicago,
relapsed nearly 5 points. !.
The bond market showed some degree of
m tine WABASH PSa P%us debent Wrs Bs' ia T6tsl e ssiesl
par value, $334,000. United States 4s, cou-
pons, declined y and the registered adj
The Commercial Advertisers London
financial cablegram says: Stocks were
quietly steady today. pending the settle
shares, which opened firm and then steadily
sagged. The public is out of the market
and insiders are holding of, thinking that
the weak element has not yet been shaken
out. The American department. opened
weak, dreading New York's opening after
the holiday, but the bull faction rallied
prices when New York came as a buyer,
particularly of Union Pacific and Baltimore
e. Ohio. Saturdays South African arrival
OF gold has been taken for Paris. The price
is as nd. The Bank of England has liked
the buying price of German coin at les 41kd.
Paris exchange is 25.l6.
The following are the closing prices on
the New York Stock exchange: