Omaha daily bee., 1902-09-04
NEW YORK stocks AND BONDS.
R~OoseveIt's Accident Gives the street
an Uneasy Hour.

NEW YORK, Sept. 9.-The course Of the
STOCK market today was In marked con-
trast to That OF yesterday in that II was
though Reading anu some of the other
coalers wefe again well to the fore. Open
Ing with a renewal of the previous days
.bullish enthusiasm and strength, the list
received what at first threatened to be a
serious setback on early news Of the acci-
dent to the presidential party. Rumors
more or less conflicting were numerous and
the list underwent a general recession, AS
soon as the extent of the disaster became
known the market recovered the greatest
part OF its strength UNDERGONE. but for a
time there was a marked decrease OF opera
lions. However, the early activity was re-
sumed and the day as a whole was the
largest In volume Of the present season.
The last houi witnessed an extraordinary
squirt in Pennsylvania, that stock selling
up TO 1888, a net advance of 5 points on
transactions involving over 10000 shares.
The advance In this stock were accompa-
MED by rumors crediting the road with
control of the Reading. Another reason ad-
vanced for the strength In Pennsylvania
stock was the rather good showing made
months of the year. Net earnings on the
lines directly operated by the Pennsyl-
vania for the period named show an in
lines west of Pittsburg & Erie show an In
crease Of more than $500, GOO. Interest con-
tinues to center largely in Readings and
vance on heavy transactions. The gain was
almost entirely wiped out as soon as the
IlNl5littu lHClQ6nI petdIle kuOWns BuDSG-
duently, however, the stock more than re-
covered this loss, selling up to 7Shc, clos
Ing at 76hc and registering a net gain for
lions aggregating 5000 shares. The other
Reading Issues on moderate trading made
fractional gains. There were no material
changes In the other anthracite stocks, ex-
cept In New Jersey Central, which declined
4 points. In the soft coal group Norfolk
& Western was the feature, the stock scor-
ing a substantial gain on good trading.
Pittsburg, Cincinnati, Chicago & st. Louis
on very light transactions made a net gain
of over 6 points and Chesapeake & Ohio,
also closed at a material advance Labor
Commissioner Wright's report on the strike
situation excited little mmen In many
quarters the report was regarded as dis
tinctly favorable to the miners. The trad
ing In Reading had every indication of COM
pettive buying. reports. of a triangular
contest involving Pennsylvania, Morgan
& Gould interests were prevalent. Pennsyl-
vania's advance toward the close. already
referred to, gave color to these rumors. but
nothing tangible came from any authori-
tative quarter. In addition to Reading
Atchison. Baltimore & Ohio. Norfolk &
Western, Pennsylvania, st. Paul, Detroit
Southern perferred. North American;
steel issues. Southern Pacific and less con-
spicuous stocks. Marked strength was
shown by Illinois Central. New York Gen.
Manhattan. Sugar, A~malgamated and Ana
conda Copper and International Power. On
the curb Northern Securities was again
very strong. with a new high record. Mon
\ etary conditions continue satisfactory, al
though a fair amount OF money was placed
at 9 per cent. The prevailing rate was
I5h per cent. Reports from Washington
agree that the treasury is prepared for any
| possible money s~tringency. In brief, there
promises to be abundant resources to meet
the crop movement. Contrary to expecta.
lions. no transfers were made before the
subtreasury.
The bond market continued very active
and showed some trregularfty on profit
taking. Total sales. par value, s4.1S5. 900
United States bonds were all unchanged
on the last call.
The following are the closing prices or