Omaha daily bee., 1902-04-19
NEW YORK STOCKS AND BONDS.
General Movement More Apparent
with Dealings on Large Scale.

NEW YORK, April 1S.-The varied ac-
tivity Of very large speculative forces was
still manifest in the stock market today.
The movement of prices was entirely char
acteristic of an active speculative move
ment under a well conferred and aggressive
leadership. TIL dealings were on a larger
scale than those of yesterday and progress
was made also in. the breadth Of the move
ment and the variety of the stocks dealt In.
Those stocks which spurted late In the
day yesterday and those which opened this
morning with a vigorous upward moyement
almost without exception were subjected
to realizing today and closed the day with
small net gains below the best prices. This
was notably true of Atchison and the
anthracite coalers and was m~easurably true
of stocks which showed periods OF strength
Broadly speaking. the leadership of the
advance was shifted to st. Paul and then
to Union Pacific, with a more moderate
response among the other Southwestern
and Pacihcs. Southern railway and Louis
Vile fell into the background again.
The bituminous coal carriers enjoyed a
period of strength and there were a number
of wide advances among scattered indus
trials and specialties.
Colorado Fuel was active and strong on
speculative supposition that absorption Of
that company into the United States Steel
corporation had been assured as part Of
the settlement 70 the control of Louisville
International Power was extremely err
ratio, but rose an extreme 10Y, presumably
on the dividend declaration yesterday.
There were gains of between 2 and 8 points
in North American. Peoples Gas, the
RUBBER EOO0S STOCKS, new 1OIh Ar
the American Snun stocks, Fort Worth &
Denver City stocks, and Nashville, Chat
tanooga & st, Louis. ~Burlington, Cedar
Rapids & Northern dropped 10 points on a
single sale and Brooklyn Union Gas fell
8 points. Amalgamated Copper was quiet,
but somewhat depressed after yesterdays
American Sugar was sold on the strength
of the proposed amendment to the Cuban
duty on refined sugar. The preliminary
figures of the cash movement for the week
INDICATING q gain In reserves ,of over
market were calculated to sustain the
speculative movement. The market closed
The activity in stocks has diverted inter-
est from the bond movement, which was
rather dull and irregular: Total sales, par
advanced Y per cent and the old As, coupon,
declined " per cent on the last call.
financial cabieEram says: Stocks were very
| excited today on the definite statement
regarding Boer peace, conditions printed In
the Daily Mail. Betting is I to on early
| peace. There was free buying all around
and the bear contingent scrambled to cover,
but after the close OF the exehan 16es b bad
been suspended for a consultation among
the various Boer leaders had a depressing
street. Consols were again the center OF
interest. The list closed at 1880 O'Clock,
covered twenty times over Large APP
tonight. The premium touched 2 Ills, at
which ESQ., 900 was taken by the continent.
1t closed at l 1916. Old consols touched
90, and closed at @%. Home rails were
buoyant. American stocks in sympathy
opened well. above PARTIES and hardened
until New York came irregular, with a
| smart setback on Balfour's statement.
Local business in Americans is much i'm
proved. Copper was u up to ESQ the ton.
Gold to the amount of 10000 has arrived
| from France and $500 has gone out to
South America. There is a rise in Paris
| cheaue to Is 10. This has dried up the
French demand. The bank will take e5OO,OO
in gold due tomorrow from Africa and
India. The lookup of money because of
the consol issue makes the market entirely
dependent on the Bank of England.
The following are the closing prices on
the New York Stock exchange: