Omaha daily bee., 1902-11-01
NEW YORK STOCKS AND BONDS.
Improvement Continues-List, while
stiII Marrow, f. More Hopeful.

NEW YORK, Oct. 1.-The improvement
noted In the stock market yesterday was
continued today. and the list. while still
comparatively dull and narrow, gave evil
dence of a more hopeful feeling. Trading
Mas still largely professional, and the &C
tivity shown In a number of Issues was
clearly due to energetic pool buying. To-
days business was not altogether confined
to operations Of this character, however,
many traders taking the long side In the
belief that the trend of events gives prom
ise OF better conditions. Advances were
general at the opening, the gain In Man
haitian being most noteworthy. Baltimore
" Ohio was another strong issue and Erie,
Missouri Pacific, Canadian Pacific, Southern
tionally. ST. Louis & San Francisco ad-
ysnced a point. Little was done in the in
acstrial Issues at any time during the day.
SteadinesS was shown by a lumber of these
stocks, however, among them the United
states Steel shares. Louisville & Nashville
was weak at the outset and reflected more
or less pressure, which could not be ex-
planned on any ground other than that the
minority holders may not receive any OF the
benefits that are expected to accrue from
the recent change Of control. On moder-
ately large transactions the stock made a
maximum decline Of over 2 points. but more
than recovered this loss, making a gain of
rs, Reading was another stock against
which considerable pressure was shown, but
all offerings were freely taken and the stock
Nashville. Manhattan was the feature OF
the day, both in respect of activity and
strength. The trading amounted to 1900
- - Dull Va III RRAAANS Neo 81
istered. Some of the very substantial
speculative interests were said to be back
or the move In Manhattan, and on of the
arguments advanced in its support was
that the company will show a great reduce
uon In operating expenses as soon as it's
electrical equipment is completed. Much Of
the Manhattan buying came from interests
that were prominent In the recent Missouri
Pacific, pool A renewal of the day for
Colorado Fuel was accompanied by reports
mat Inside differences had been settled,
NO confirmation was ~obtainable, but OBJ
servers OF the market regarded 1t as signin-
cant that other stocks with which these
apparently conflicting interests are said to
be idenuted were fairly strong. A further
hardening OF prices was shown In the late
session., and more traders who sold on yes
their contracts. Private wire houses had a
fair supply of buying orders. The sales Of
were scattering and, as on the
previous days of the week, appeared to be
long stock. The final hour developed no
new features though the tendency to fur
Their Improvement was checked in a meas
ure by the advance to 7 per cent in the rate
for call money. Northwestern rallied on
moderate transactions. The closing was
firm, though dali. In view Of the approach
ing holidays London took no active part in
the days business, transactions for that
account amounting to 1900 shares, with q
balance of about 5000 shares on the pur-
chase side. Sterling exchange was hardly
being $.S6SO. Paris exchange on London
advanced Nc and the private discount rate
was unchanged at 3 per cent. The sub
treasury made further purchases of bonds
A firm undertone was shown by the bond
market. but the demand continued strong.
Total sales, par value, 81, $40, 600. United
States As declined u per cent on the last
call.
The following are the closing prices on
the New York Stock exchange: