Omaha daily bee., 1902-11-20
NEW YORK STOCKS AND BONDS
Interest Centers in strong and Active
Local Transactions.

NEW YORK. Nov. 19.-Interest in today's
stock market centered almost entirely in
the local transactions, which were very
strong and active. Operations in that group
aggregated about one-quarter of the entire
days business Manhattan, as on the pre-
vious days of the week, was the real
feature, making a maximum advance of
over points and net gain of 9%. Brook
lyn Transit, which was taken up later in
the day, scored net gains of AZ points. The
street" is convinced that some sort of a
deal Is on In Manhattan and there are
those who believe that the deal includes
practically all the street lines of Greater
New York. Manhattan, according to ru-
mors current during the day, may go to
Metropolitan interests or be taken over by
the syndicate which controls the subway
system now In course of construction. Ru-
mors regarding Brooklyn Transit had to do
with Pennsylvania railroad interests. The
Pennsylvania railroad, as II is generally
known, controls the Long Island railroad
and has other interests in Kings and
Queens counties. Nevertheless, the rumor
connecting Pennsylvania with Brooklyn
Transit was generally secuted. The open
ing prices rejected further pressure in all
the stocks except Manhattan. Colorado
Fuel declined points and there were aver
age losses of a point or more in Baltimore
gamated Copper, while Reading, United
states Steel and Sugar also sold lower
Manhattan meantime continued to advance
on buying orders attributed to Gould brok-
ers, and in the first thirty minutes ad
vanced to $50, from which ii fell points,
but, as Is shown, more than recovered this
loss. Prices gradually improved in many
of the standard issues Traders who had
been out of the market for some days took
the long side and the short interest covered
extensively, especially in Manhattan and
Sugar. Trading in Manhattan during the
early session was so wide that the stock
gained a point between quotations. 1t was
reported that q very prominent operator
was engineering the movement. Recoveries
at this time elsewhere in the list were
feverish and erratic, as was shown in the
course of such stocks as Metropolitan,
Louisville Nashville, st. Paul, Rock
Island, Missouri Pacific and Canadian Pa
cihc. Sugar continued steady on reports Of
better trade conditions. Colorado Fuel
fluctuations were wild, making at one time
an abrupt rise of points, though closing
points below yesterdays price. General
Electric went off per cent on small sales
and the market at this period seemed to be
meeting more stock than 1t could absorb.
The early afternoon brought the real up
turn In the transactions and early an inn
proved tone was shown by St Paul, Read
ing, Norfolk e. Western, Southern Pacific,
Union Pacific, Baltimore & Ohio, Wabash
preferred, Atchison and some others in the
same class. The closing was strong and
active. For the first time in some DAYS
nothing was said respecting gold exports.
The scarcity of time money has forced
buyers to appeal to foreign bankers for ac-
commodatlons and more loan bills were
offered today.
Railroad bonds were heavy in the early
dealings, but improved later with the rise
In stocks. Total sales, par value, $4,000, CO.,
United States bonds were all unchanged
on the last call.
The following are the closing prices on
tha Nau York Stock axphaDQa.