Omaha daily bee., 1902-11-18
NEW YORK STOCKS AND BONDS.
open IrreEuIarIy, but Improve Some
what as Day Wears On.

NEW YORK, Nov. 1.-THE stock mar
ket presented few u any marked char
showed Improvement the opening here
was decidedly irregular. This was prOba-
bly, caused by the liquidation of those who
withstood last weeks depression, as well
as by the profit taking of spectators who
bought during that same period. These
uneven conditions gave way to a better
feeling before the end of the first hour,
when Il became evident that certain vague
rumors of trouble were unfounded. The
feature of the early rading, as well as
the entire day, was Manhattan. which was
exceptionally strong, making a maximum
fion. net tba gain moE OF t 9ver e : points ON tfsnSa &C.
the days total operations. The rise in
this stock, which was bought openly in
big blocks by brokers who usually rep
resent Gould interests, revived the old
story that Manhattan is to be taken over
py the New York Central on a guaranteed
dividend. No confirmation of this was OBJ
tainable, nor did any great amount of
credence. attach to it. The other fractions
politan on very light transactions gaining
q point. With a fractional advance in
was drawn to st. Paul by reason of its
rather irregular movements and the stock
closed with a slight loss. New York Gem
trial, which made an early gain of ~
points, lost much of its advance, and Bal
timore & Ohio fell over a point from the
top, in spite Of its goods showing in earn
way issues that displayed heaviness in
cluded the Pacific group, the pressure
against Union PaCi1C at one time being
very marked. In the special class, Colo
RADIO Fuel, United States Steel, American
Smelling. Sugar and a few others were
steady, Sugar making a material net gain.
For the most part, however. changes were
unimportant during the early session and
the market was narrow. traders showing a
disposition to await developments in the
local financial situation. The chief feature
in this quarter was the transfer of $780,
600 to San Francisco and $400, 900 to New
Orleans, making a total of 100000 to the
first named center in the last four days.
This drain on local resources was not re-
garded with favor. There was practically
no change in foreign exchange, demand
sterling ruling at A.S7. While bankers say
they look for no immediate exports, the
French ports leave this city. during the
week created some uneasiness. Call
money was as high as s per cent and as
low as 81, the bulk of loans being at AZ
shares in the early declined and sold the
greater part on the rise. The increased
dividend in Norfolk & Western common
failed to bring any material improve
ment to that stock, although dealings were
moderately heavy. The decline of 81
points in General Electric resulted from
reports of labor troubles at the company's
works at Schenectady. Profit taking In
the last hour brought fecessions to a num-
Der of active issues and, while the mar
question of increased railway wages con.
tinues to be a matter of serious discus
sion on the leading roads and II is becom.
ing clearer daily that the capacity OF
practically every trunk road will be taxed
to the utmost.
Bonds were irregular on a small range
Total sales, par value, 2,945, 900. United
States old As declined Il per cent on the
last call.
The following are the closing prices or
1 the Maui Xnrk SfnRk n~nhnnpas