Omaha daily bee., 1902-02-20
NEW YORK STOCKS AND BONDS.
Market Active at the Last Hour, Some
stocks Recoverinr slightly.

NEW YORK, Feb. 19.-The principal ac-
tivity I'm today's stock market was concen-
e eIae and Sc 81. Pau nS after w Iying 0 auIescent
all day, were suddenly pressed up about a
point over last night; At the same time
Tennessee Coal, the reason for which was
not explained, but which carried the price
Sh over last night. These actions. coming
on top of desultory advances in stocks not
usually active, caused a hardening tendency
al around and disposed the shorts TO cover.
The earlier strong points meantime suf-
fered from realizing, so that the closing
was irregular, but active.
The speculative activity was confined to
the high-priced industrials and the stocks
of small railroad systems up to that time.
The. movement in Sugar and Ainalga-
mated Copper was very erratic and after
traversing a wide range, they closed the
day with net gains of only a fraction. the
dealings in the United States Steel stocks
usually used by syndicate interests was on
a large scale, but the speculative public
refrained from following the initiative,
which was supposed to be based upon the
tentative proposition to convert the pre-
ferred stock Into a 5 per cent bond. The
and the Evansville & Terre Haute stocks
made sensational advances on the belief
that they are to be included in a coming
consolidation. The United States Rubber
stocks were moved upward on the basis of
the wet weather. which increased the de-
wild movements in other minor stocks,
some showing new strength and others
cropping back. Inc general market was
ing, the Readings, especially. showing the
effect of proft-taking. The question of
gold exports tomorrow was open all day
and the decision to send gold was an in
f1uence In the late rally. Rates for money
are unchanged, but the undertone is firm.
The flow of funds from the Interior to this
center has become SMALL The fact Is
evident that syndicates and large capital
lists are following up the resources OF the
money market as closely as possible by
taking up the greater part of the available
credits, and the professional Spectator
with borrowed money on margin knows
from hard experience that his convenience
is the last to be consulted while other re-
q%uirements are to be met In the money
market. With the uncertainties of the
Northern Securities case and the coming
dubious period regarding the next wheat
crop, spectators are disposed to go eau
tiously.
There is a continued good demand for
bonds of various grades, but the movement
of prices continues irregular, owing. to oe'
ency, however, was firm. Total sales, par
value, $685.. 900.
United States %refunding rs advanced Y
per cent on the last cali.
The Commercial Advertisers London
financial cablegram says:. The stock mar
ket continued weak early today on re
newed liquidation of Kafflrs, but the selling
ceased around noon. Paris came a buyer
dated African Copper trust was INTRODUCED
today without a prospectus. The capital
Is to be 100000, instead of 92,567, 900, as
was rumored ON Monday. The maT TSe
as a Barnato bank, recurring biind con.
hdence on the part of the public, New
York bought United States Steel, but neg
lected railroad shares. Rio tintos were
The following are the closing prices or
the New York Stock exchange: