Omaha daily bee., 1902-08-22
NEW FORK STOCKS AND BONDS
Marked Selling Tendency Banishel
All Resistance TO weakness.

All Resistance 20 weakness.
NEW YORK, Aug. 2L-Active speculative
liquidation became manifest in today's
stock market and at the close the selling
cipitated. During the earlier part of the
day some stand was made against the
tendency to depression and a few stocks
were pushed up at different times as a sus-
tanning influence upon the market, but the
selling to realize elsewhere in the market
was steadily going on all the time. At
the last the liquidation seemed to have pro-
ceeded to such an extent that the efforts
to support the market were withdrawn and
all semblance OF resistance to the weakness
disappeared.
The stocks which were notably strong
started out at declines TS@e and Sdm showed SeGi0 that
the largest effect OF the selling pressure was
at the last: Some small gains were retained
which had risen earlier, but in others the
gains were more than wiped out.
The upward movement In the Denver &
most conspicuous. but Denver & Rio Grande
Vile & Nashville was notably weak and
fell back at one time three points. The
advance in Western Union was said to be
due to. pressure upon the shorts. the de-
mand for the stock in the loan crowd be-
ing such as to command a premium.
and Ontario & Western the other demon
STATIONS of strength were in minor railroad
and In Industrial stocks. The weakness in
COloTauO fuel winch carried II down In the
late market s points was also an unsettling
influence on the whole market. The eff
forts Of the speculative operator to gain
control has resulted In heavy speculation.
The closing tone was distinctly weak.
There was no actual new development
to account for the sudden disposition to sell
stocks but there was a very material
change in sentiment, which caused an al
tered view of the same conditions as ex-
listed yesterday. The sentimental character
or yesterdays rise and that which had
preceded 1t for several days left a great
probability of reaction.
Extravagant as were the expectations as
to the promptitude and extent of the meas
ures which Mr.. Morgan would taxi to i'm
prove the situation, there was some dis
appointment this morning over the delay.
The hope seemed to be that Mr.. Morgan's
landing from the steamer would result in
the settlement of-hand of all the various
problems which have accumulated during
his absence Of several months.
Yesterdays professed confidence in the
secure abundance of funds for speculative
purposes was changed today. The engage
ment last night Of 10000 by telegraph'c
transfer through the subtreasury to Cincin-
natl came too late for effect upon the stock
market. That shipment was supplemented
Orleans and the fear was awakened that
the interior movement of currency has
fairly set in. The sterling exchange market
was also notably firm. rejecting the very
heavy short interest existing In that mar
ket. The disposition to realize was much
emphasized by this development.
Bonds were quite active and became easy
In sympathy with stocks. Stock sales at
par value were S2.52s. 900. United States new
IS and old Is advanced Y per cent on the
last call.
The following are the closing prices on
the New York Stock exchauRes