Omaha daily bee., 1902-02-04
MOVEMENTS OF sTOCKs AND BONDS.
AmaIgamated Copper Under Pressure
Throughout session.


NEW YORK. Feb. s.-The professional
element among. the stock operators showed
a rather hopeful spirit this morning and
Observation-Disclosures railroad stocks The moves
ment seemed to be based upon an assump.
ton that the supreme court would hand
Securities company case, for within half
an hour after the time for the sitting OF
stect court h1 the mornings gains ms In these sc
In southern Pacific we're especially large
and gave evidence OF operations by a spec
ostenslbiy based upon the expectation Of
an early ~refunding of large issues Of bonds
bearing a hlgh rate Of interest and which
cial district was flooded with optimistic
estimates Of the current earnings OF the
IL over Saturday. but It Jared little better
tnan the other Pacincs in the reactionary
~ Thare a Were cl1 heevv VIII des + net ssissaon IN
ST, Paul and Union Pacific, but these gains
were entirely wiped out. Efforts were made
movement Inv the coaiers. Lackawanna
spurted AK, little stock coming out. Ru-
stock was to be doubled. with valuable
rights to present holders. Dealings in
A~malgamated Copper were on an enormous
about the largest for a single day in the
history of the stock. 1t was. under pres
and in the dav fell more thsn 2 no,nts
under Saturday, closing with a net loss of
"a. PROFIT. taking was an important ele-
there was a disposition to discredit recent
rumors of a combination with other cop
d9id Pot affect the hne es MfyN rise i on the insS t TsGSk
gained force later in the day. The favor
Der was responsible for the strength in
the Minneapolis. st. Paul & Sault Ste:
f msri ere stGGssi ~ he S SG%m ti@al ri reas,i oS ap of
about a point. The in Metropol-
itan was attributed to reports of an early
company's large capitalists. The large in
crease in loans by the bank last week was
the subject OF m9ch discussion; without
the borrowed money was designed. The
fact that nearly. 100000 900 Of the increase.
two of the leading banks In the clearing
house which are. affiliated with the finan-
cial power which originated most of the
great combinations last year, encouraged
the supposition that large syndicate oper-
ations and possibly new projects are In
alton and disbursement of a i per cent
dividend on Northern Securities stock
mthignfb account f6o nIb iGr part yr OF the I Joan AL al
cent OF this stock has been exchanged
for constituent companies. Subscriptions
might also be responsible. The money
market continued easy, Notwithstanding
ment of gold is to be renewed, In fact.
the ease of the money market is the per-
missive factor IN the export of gold.
Railroad bonds were moderately active
and irregular. Total sales were "a, 425. 900.
United States bonds were all unchanged at
the last call.
The Commercial Advertisers London
financial cablegram says: AS far as busi-
ness was concerned. American stocks
might have been shut out of the exchange.
Half the dealers did not ever bargain,
but after the close of business New York
bid prices up sharply in the street. partic-
ulariy Southern Pacific, Erie and Atchison,
as is supposed in anticipation of a favor
able decision in the Northern Securities
company suit. Copper statistics show in
plies of Il, 200 tons. Rio Tintos were Arm,
but reacted sharply to 46A on the absence
of Paris support due to the storm.
The following are the losing prices on
the New York Stock exchanges: