Omaha daily bee., 1902-03-07
NEW york STOCKS AND BONDS.
Market Makes q Remarkable Exhibit
of strength In Spots.

NEW YORK, March 6.-Today's stock
market made a remarkable exhibit of
mary leaders we're Included in the upward
movement. The strength of the market,
to the senuin 1%ssss Of t the demand T0antL'' Which
lifted prices to a higher level. As the adj
vance gained headway various ou~tstandlns
and bought rather urgently to cover short
contracts. The demand was so far unques-
uonably genuine. Otherwise there was the
appearance of manipulation. This was
partly due to the character of the stocks
which advanced most conspicuously. stocks
which are often not heard of for weeks at
a time on the exchange. Nor was there
any tangible. news today to account for
vidually or the general situation. In fact.
the conditions which made the bear argu-
today. The great snowstorm. which
blocked traffic, threatened inroads upon
future showing of earnings. The engage
increased today to S,s00.O0O. with the pos
sibility of further engagements tomorrow
still open. Reports of friction oyer freight
rates In the southwest and of the dissolu-
ton of freight associations on account of
threatened action by the government con
induced selling. of stocks in the speculative
temperature which prevailed earlier In the
sentimental effect was produced by the
persistent show of strength in Chicago &
bTyinS wSieh I hne ts and c RbieS had Of eve enS
appearance of genuine investment demand.
1t was this movement which directly en-
couraged the heavy buying of st. Paul and
which leavened the whole market in the
course of the day. 1t. was supplemented
by similar movements in other high grade
closely held stocks. such as Pullman,
which rose an extreme Is points; Chicago.
st. Paul, Minneapolis & Omaha Z and a
number OF less conspicuous examples.
Northwestern itself touched 2S3. During
the existence of a corner in the stock
years ago II touched 230, which was the
previous record. Pullman, Omaha, General
Electric and Chicago & Eastern Illinois
notable movement was in Colorado Fuel,
which gained 10 points OF a very active de-
mand and a feverish movement This
movement Is opposed to be directly re-
lated TO that in Colorado & Southern.
which was Inclined to rest today, although
points. outside of these the most notable
movements of the day were in a varied
assortment of low-grade obscure stocks.
The movement ultimately extended, how
Pennsylvania and other prominent stocks.
The late dealings showed the usual profit
taking and the closing was irregular. Rates
for call loans continued at the higher level
established during the week. The an
nouncement that the San Francisco trac-
ton deal would be arranged without trans
ferring money through the subtreasury re-
lieved some anxiety over the money out
look and revealed that the tentative in
quiries in washington as e. the facilities
bly, were a strategic move owing to the
negotiation Of exchange on the San Fran
cisco market.
The bond market continued rather dull
but was firm. Total sales, par value,
81, $4,000. United States Is, registered, and
the 80 advanced Y per cent on the last call.
The following are the closing prices on
the New York Stock exchange: