Omaha daily bee., 1902-10-29
NEW YORK STOCKS AND oND
Same Old Dizziness and Apathy All
Around and Little business.

NEW YORK, Oct. 2s.-In no important
particular did today's stock market differ
from any of the preceding fortnight. There
was the same all-around dizziness and
apathy and the little business transacted
was almost wholly professional. Commits
sion houses reported next to no demand
either for the long or short account, but
some of the western houses bought mod
erately. Prices manifested a further ten
dency to sag in the early day, but rallied
later and closed in many instances at a
Sterling exchange was a factor, advanc-
ing to S.S6% as a result of the strong de-
mand for London remittances. Most OF
the days business was done on this basis.
Commercial bills were in good supply, but
bankers having to remit by tomorrow's
steamer absorbed all offerings. Those ia
miliar with the movements of Paris eX-
change figured that New York was about
half a cent away from the point where
gold could be exported with profit. In case
any remittances are made in gold It is clear
that Paris will be their destination. These
experts argue that. while no exports are
likely to be made Immediately. yet such a
movement may come in the middle or lat
ter part of next month. Anything like a
detailed account of the days doings in the
stock market seems almost superfious.
Quotations at the. opening were fraction
ally lower ad without Significance. Early
included an apparently active
demand for Texas & Pacific and ST. Louis
& San FRANCISCO issues, a moderate ad-
vance in st. Paul & Sault Ste. Marie and an
initial loss of more than l per cent in
Louisville & Nashville. The list hardened
ana prices advanced quite generally, but
the most important gains at this particular
time were In the special class. which in
cludes American Cotton OIL and Virginia.
Carolina Chemical stocks. Manipulation
was shown in the movement of Interna-
tional Power, which opened with a point
decline and made a further loss later.
The market held fairly steady under its
rally, being assisted in part by short COW
ering. but attempts to realize on the adj
vance. notably in st: Louis g. San Fran
cisco. were unsuccessful; those issues closed
lower than the previous day. One of the
features of the afternoon, which was other
wise quite dull, was the activity in Sugar.
II was extensively purchased for Boston ac-
count, but the stock closed at a net loss. A
few special movements out of the common
included a 14-point decline in the price of
of 100 shares. and a drop of S points in
Western Electric. More or less uniform
strength was shown during the day by
such stocks as Texas & Pacific, Mime
apolis. st. Paul & Sault Ste. Marie common
and preferred, Baltimore e. Ohio. Missouri
Pacific, Cotton. Oil and Virginia Carolina
Chemical. Norfolk & Western, one OF the
most active features of the day. recovered
the greater part of its early loss and the
weak features, other than those already
named, embraced Erie, the Erie second pre-
ferred, Delaware e. Hudson, Kansas City
Southern, New York. Chicago & st. Louis,
Chicago Great Western preferred and Colo
RADIO Fuel. London was again a seller.
though buying moderately in the early de.
cline. The closing was firm.
The bond market was dull and feature
less. but generally steady. Total sales, par
value. 81, 10000.
United States bonds we're all unchanged
on the last call.
The following are the closing prices on
H. 49, U@sIw 0f@-N-