Omaha daily bee., 1902-10-30
NEW YORK STOCKS AND bonds.
Further Liquidation with Much
Forced Selling Marks Market.

NEW YORK. Oct. 29.-Another advance
| In foreign exchange to the highest point
reached during the present movement, with
attendant fears of gold exports, brought
| further liquidation to the stock market to-
day. great deal of selling was for ac-
count of the western speculative element
and much of II was forced Not a few
stop-loss orders were uncovered, and the
room traders. emboldened by this show of
weakness made a series of drives, which
left the list generally lower, with many
sharp breaks. Exchange advanced to 4S6 90
several points away from the basis at which
gold could be used for remittances with
profit. Some exchange firms believed, how
ever, that engagements might be made
with exchange only 4 points above today's
level. Such a move is regarded as very
likely unless the market shifts materially
and tentative negotiations with a view to
export were made. The fact that Paris
exchange on London remained at 25f 12c
Indicates that the triangular movement for
shipping gold from this center in payment
of Dondon's obligations to Paris could
easily be arranged.
Opening prices for stocks were a trife
better and the activity in such issues al
Baltimore & Ohio and Norfolk & Western
seemed due to the aggressiveness of one
of the leading operators. The advance in
Southern Pacific was regarded as a drive
against one of the bear pools in that stock,
while the weakness of Colorado Fuel sug-
gested inside selling. All through the morn
ing session dealings continued professional
and insignificant, and at times the market
was completely stagnant. The only strong
features during this period were Texas X
Pacific, Minneapolis, ST. Paul & Sault Ste
Marie, Kansas & Texas preferred and Illi-
nois Central. Elsewhere in the standard
class fluctuations were extremely narrow.
Colorado Fuel made further decline, but
the rubber goods issues were strong at
improved prices. One of the redeeming
features was the buying for London ac-
count to the extent of about 25.000 shares,
but these transactions were negative mas
much as they really represented New York
buying and were incidental to the change
of accounts between the two markets.
sale of 5000 shares of Colorado Fuel by
one firm sent the price off to SSk and that
stock made net loss of another point The
real liquidation occurred in the afternoon
Stocks that sustained the greatest declines
included Delaware & Hudson, which made
a net loss of points, and st. Paul, Illinois
Central, Louisville e. Nashville, Baltimore
& Ohio, Norfolk & Western, Reading and
Colorado Fuel & Iron declines extending
from to 314 points. In spit of the United
States Steel decision those stocks held COM
paratively firm. The closing was weak
The sub-treasury disbursed $2,220,O00 for
Australian and other gold deposited at San
Francisco and $257,300 principal and in
terest for government bonds.
Railroad bonds were irregular with the
active issues showing heaViness in SYM
pathy with stocks. Total sales, par value,
81, ,260, 900
United States bonds were all unchanged
on the last call.
The following are the closing prices on
the New York Stock exchanRe.