Omaha daily bee., 1902-04-03
NEW YORK STOCKS AND BONDS.
Dealings Mostly In Unknowns, with
Losses and Gains Plentiful.

NEW YORK. April 1.-The naming of the
most active stocks in today's market is IN
character of the market. United States
Leather led the list. followed at a consider
dealings In Colorado Fuel fell to inslgnif-
cant proportions, in comparison with the
recent trading. Sugar was well up in the
railroads only st. Paul and Louisville a
Nashville showed a notable degree of ac-
tivtty and the fluctuations did not reach as
much as a point in either of them. The
extreme range in the United States Steel
stocks was &c for the common and hc
Tor the preferred, and both closed at a
shade under last night, In spite of the ex-
traordlnary business reported for the year
OF the company's existence and the official
sssurance given Of the success of the plan
for providing S50,000,O 600 additional capital.
Many of the usually prominent stocks did
days session, and not a few will be found
with no sales recorded. The price move
ments of any consequence are almost in
variably amongst the less known stocks
and the reasons advanced were very OBJ
scure. st. Paul & Omaha rose 6 points on
a rev transactions and the preferred 5, but
Pere Marquette dropped s on only one sale.
The Hooking Valley stocks were active and
strong, the common rising 4 and the pre-
terred 2. Rumors were revived of a plan
70, retire the preferred stock at par. The
Wisconsin Central stocks and the Toledo,
81. Louis q western stocks were bought,
apparently on the strength of their strate-
gle position in the competitive field. The
New York Dock stocks rose in an erratic
manner on the supposed sudden realiza-
ton of the valuable equities in the prop-
erty. The movement in the Leather stocks
was on the assumption that the preferred
STOCK and its claims to deferred dividends
We're to be cleared up in some way by a
bond issue.
There were other movements of less de-
gree put those Will serve to Illustrate the
character Of the market. The losses, which
were nberally ~sprinkled through the list of
stocks of a similar character, had no other
explanation than that they had previously
advanced on rumors which have not been
confirmed. The weakness of Rock island
was associated with the announcement of
its additional stock issue. The decline in
the Buffalo, Rochester & Pittsburg stocks
was doubtless due to the coal miners
strike In its territory. The movement in
true that prices were at one time advanced
q traction, bat no other cause was appar-
emit than that they declined yesterday. The
crop report by the government weather
bureau had some influence upon sentiment,
but the present grain markets are regarded
as under the artificial influence Of large
speculative operations and are, therefore,
dlstrusted as an index of actual conditions.
The statistics of the copper trade and
among the miners to control output and
prices were given some credence. Future
awaited, the easing tendency of money
mere being co~unterbalanced by the expec-
tation Of early gold exports. The market
closed dull and heavy on the aking of
profits by room traders.
There was a very good demand for bonds,
Total sales. par value, s ,4S0,0O0. United
last call. ~
The Commercial Advertisers London
financial cablegram says: The stock mar
ket today was idle but cheerful, partic-
ularly the Kaf1rs in the last hour, although
nothing definite regarding peace negotia-
lions has been received. 1t is regarded as
somewhat significant that houses with
South African connections are buyers,
American issues were ~stagnant. Rio tintos
TOUCHED 4SA and Anacondas 8. in sympathy
with the advance of II in Copper to G53&
the ton, and on the refusal ofSCalumet to
ing, but the market debt is SO large that
no monetary ease is expected. Gold to the
amount of 32.0m has been received from
the continent. The market is interceptlnR
supplies, paying a shade over the banks
buying price of rs Cd.
the New York Stock exchange: