Omaha daily bee., 1902-10-23
NEW YORK STOCKS AND BONDS.
Market shows Lack Of Interest and
Fears of Gold Exports.

NEW YORK. oct. 22.-In its essential
feature today's stock market reflected
practically all the previous days charac-
teristics, including an utter lack of public
interest and increasing fears of gold ex-
ports. Sterling. exchange was quoted as
high as A.S66O. In fact the foreign exchange
market was the feature of the day and de-
Veloped most Interestingly, with an in
creased demand for sterling at this center
and higher quotations for bar gold and
American coin in London. The local ad-
vance was all the more interesting in view
of the inadequate steamship facilities to-
morrow, these providing only a slow boat
for banks to use in forwarding remittances.
The demand was especially strengthened
by further sales of stocks for London ac-
count in this market, and reported alto
gether a total inquiry for exchange. This
may. have been the substitution for gold
for bills as a form of International remit
lance. Demand bills for remittance next
price for next Wednesday was $4.S6S0. Bust
ness was even lighter in volume and the
tone of the list was professional through
the opening. several fairly large lots being
taken at a fractional advance over the
London price. The rest of the list was gem
orally lower, Pennsylvania, Baltimore &
Ohio, New York Central, st. Paul, Mis-
souri, Pacific and several other active stocks
all scoring declines. The market dragged
all through the morning session, with no
marked tendency save for a few feeble raj
lies, but these were invariably followed by
declines. Some of the stocks already men
toned participated in this irregular move
ment, as did also Norfolk & Western, Louis
Nille U NdSnNllle anu lllluOlS central. lneTe
were no great recesstons, nor was any pro-
nounced pressure shown except, perhaps,
against Baltimore & Ohio and st. Paul. The
rather favorable statement of the Brooklyn
Rapid Transit company failed to develop
any demand for that stock. Western houses
were buyers of Colorado Fuel and Iron,
which suggested a revival of the recent
fight for control of that property. London
again took an unfavorable view of local
monetary conditions and sold upward of
10000 shares on balance. 1t is estimated
that London has unloaded fully 1900
shares of international stocks on this mar
ket in the last week. The afternoon session
were for the most part wiped out. The
strong features of the day were North
western, with a good showing for Septem-
Der st. Paul, Missouri Pacific, Toledo, ST.
Louis q Western preferred, Sugar and
Colorado Fuel. The weaker stocks were
politan Street Railway and S~loss-Shefield
Steel. Among the days favorable develop
ments were an announcement of another
Importation of gold from Australia and the
continued ease OF demand money. Call
loans were made at between 5 and 6 per
cent for all dates up to six nonths. 1t was
practically impossible, however, to get
sixty or ninety-day loans at this rate. Ad-
ditional purchases of bonds to the amount
Of 100000, par value, were made by the
subtreasury. The latest treasury report
over receipts of more than 81, 900, 900.
The bond market was very irregular
today, but fluctuations were narrow and
trading very small. Total sales, par value,
$1,185, 900.
United States bonds were all unchanged
on the last call.
The following are the closing prices on
the New York Stock exchange.