Omaha daily bee., 1903-01-16
NEW YORK STOCKS AND BONDS.
Market IL Dull and F~eatureless, with
but Small sales.

NEW YORK, Jan. l5.-,There was little
character to today's stock market, as Is
sufficiently indicated by the volume of
dealings, which fell to about the half mil
lion share. mark. The subsistence of the
recent furious activity in the trading in
left little to the market. This sudden SUB
sidence had n good deal to do with the
feeling of suspicion, which repressed the
dealings Dc Ling ~ IN stock 5oo We Yestsrday's tT ran oSa0Rs
for the day of half a point struck the trad
ers as not consistent with the idea OF com
petitive buying of the stock for control.
This suspicion was reinforced by the &C
ton of the stock this morning. After a
monetary advance of a small fraction the
price fell back to below last night In a
way that suggested the realizing of specu-
lative profits. Explanation of the shifting
of the bu ying to the preferred, stock which
were both strong, was sought In state
ments that the control of the property
was really being acquired through the half
stocks, but the higher prices in comparl-
son of these stocks and the comparatively
small volume of their total outstanding
issue did not commend this view ito the
traders. The continued liquidation in
Reading also created a bad impression
upon speculative sentiment and this i'm
preston was not dissipated by the mark
Ing up today of Ontario q Western In the
anthracite group and the advance In Ches-
apeake & Ohio and Hooking Valley in the
soft coal fields. Rock Island and St.. Paul
continued heavy. with important setlmen-
tai effect upon the rest of the list. There
was a narrow and sluggish market, with
only a few stocks influenced by specula-
tors. Sugar suffered from a fear that
effective opposition was developing to the
Cuban reciprocity treaty. Amalgamated
Copper moved on the dividend declaration
and In sympathy with the rally In the
market for the metal. The rise In Mis-
sourt Pacific was accompanied by rumors
that the plan for financial adjustment OF
the Gould railroad properties was about
ready to put into operation. There was
no disquieting element in the money sit
uation, unless 1t might be the indication
that. the Bank of England is disposed to
build up It's reserves and maintain the
money rate. The considerable decreases
In its holdings of government securities
seem to point borrowing from the market
to decrease supplies. Whether this is a
measure Of protection against the demand
for gold from Paris or is preliminary to an
vaults does not appear yet. The advance
In the official discount rates of the banks
of Bombay and Bengal were significant of
the hardening tendency of the English
money markets. The Bank of France also
continues to lose gold, while demands Upon
II for credits continue heavy, both by note
expansion and increases of loans. New
York banks continue to gain cash, brit the
gains from the subtreasury are due to
and for pensions, which are made in bulk
in New York, but which are now about
completed. Time money rates were re-
ported rather firmer. None of the upward
movements were well maintained and the
closing was dull and easy at about the
low level of the day.
Bonds were dull and irregular. Total
sales, par value, S,435, 900. United States
As advanced a and the new As, coupon, l
per cent on last call.
The following are the closing prices on
the NpUy York Stock axnhanpes