Omaha daily bee., 1902-11-29
NEW YORK STOCKS AND BONDS.
Prices Close Higher I'm Spite of Unfa-
vorRbIe eveIopmcnt


NEW YORK, Nov. 2S.-Prices of stocks
closed today considerably higher than on
Wednesday, in spite of some rather un-
favorable developments and the continu-
ance of some apprehension over monetary
conditions. The advances were attributed
to some extent to the demand from the
this were offered by the bidding up of
prices by an element amongst the traders
which set out to make a campaign against
the bears. The short interest was known
to have been accommodating contracts for
a considerable time and their commitments
were extended on Wednesday on the eve
of the holiday. Today's trading. neverthe-
less, was dull, as shown by the total trans
actions, which did not exceed 500, 700 shares.
The attendance at the Board was small,
many brokers having left the city on
of the week.
1t was regarded as a favorable incident
that the day passed without any additional
pronouncement of hostility on the part of
either side to the controversy for control
of Colorado Fuel. The most notable dem
onstration of the day was in Louisville &
Nashville, which was lifted nearly Z points,
carrying with It Southern Railway and
Illinois Central in sympathy. The move
ment was unexplained except on the ground
of comparisons contained in a recent circu-
lar of the investment value of Louisville
as compared with other dividend paying
stocks. The movement In Sugar contained
all the earmarks of a campaign against
last carried the price up over 5 points.
Vague rumors of a deal accompanied the
rise in Hooking Valley.
Another center of activity was in the
local transactions. Brooklyn Transit at
this time led the advance. Manhattan was
very active, but fuctuated. narrowly and
showed the effects of realizing. Rumors
were again circulated of a combination of
all the local transit facilities, and a share
in their control in the interest of Pennsyl-
vania and New York Central.
The strength of st. Paul was due to the
expectation that the directors would act
on the authority to issue new stock at
today's meeting. The stock ran off on
the adjournment of the meeting without
action. These various centers of strength
helped the general advance in she market,
which reached a point or more In a long
list of stocks:
The market receded when the call money
rate advanced to 6 per cent in the late
dealings but rallied again, and closed
steady, under influence of a spurt In Sugar.
The preliminary estimates fOreshadOwed
a poor bank statement tomorrow. These
estimates extend only to Wednesday even
ing, owing to the holiday. Up to that time
s, 4SS, 600, including deposits for transfer to
the interior. Today there was deposited
in addition 100000 for transfer to San
Francisco and 100000 for transfer to Chi
cago. The sub-treasury also had a credit
balance at clearing house this morning as
the result of accumulated revenue collec-
tons over the holiday. The interior move
ment of currency by express was small
ance amounted to less than 500, 900. New
York exchange at Chicago also recovered
today to zoe discount. Sterling exchange
continued firm, but the retention of the
England had a favorable effect.
Bonds were dull and irregular. Total
sales, par value, $1,415,O o
United States 3s registered declined Il
per cent on the last call,
The following are the closing prices on
the New York Stock exchange: