Omaha daily bee., 1903-02-10
NEW york sTOCKs AND BONDS
Market Revives, with Greater Va
riety and Breadth Than for Weeks.

NEW YORK, Feb. q.-There was a revival
Of activity in today's stock market, when
level OF last Thursday. There was greater
breadth and variety also In the dealings
than Tor weeks. The advances were not
made all at one line, but as successive
points ot strength were developed previous
gains were well held, i'm spite OF the natural
realizing under cover Of the new strength.
There was a pause In the upward move
ment after the opening squirt, put after
thdt there was no general reaction unlli
The hnal hour. This might be aecounted
Tor by the proht-taklng sales ot the room
traders who saw a ia. gest days accrued
than FOR many days past.
The reaction was somewhat emphasized
by reports that new proposals had been
received from Germany concerning the
Venezuelan settlement which threatened 10
open up the whole question. The closing
was steady ana generally only a fraction
below the best. Commission houses re-
ported some orders on outside business ana
some of the largest business. OF the DAY
came from houses with extensive wire con-
nection in the east, the mi~dle west ana
the south.
The upward movement originated this
morning in the Gould stocks and in the
bituminous coal Carri- RS. The Gould stocks
have had. the advantage OF an infuential
pool which has carried on operations IN me
various securities of the group Tor some
time past. Their special activity OF Satur-
DAY and of today was professedly based
upon the active measures taken to COM
pete the Atlantic outlet for the Wabash
system. In the case of the bituhiinous
coal carriers the motive lot the buyluB
was the settlement agreed upon at lndlan-
apOlis between the miners and the optr-
dtors fixing a wage scale. The posslolllty
of discord over this question mad beyn a
shadow upon those stocks for several days;
Another wage settlement which seemed
to gather Importance as II was consloerS1
was that between the Missouri, Kansas q
Texas and its employees. The settlement
Is of Importance in itself ana IN addluoh
it seems to be understood that 1t is TO
form a basis for agreement on practically
all the railroad systems west OF the Mis-,
souri, river. The Paciics, grangers ana
s"outhwesterns consequently were all very
strong. These settlements represent higher
wages and corresponding increases In raj
road expenses, but the willingness OF the
railroads to acCede.to the terms Is regarded
as assurance of advantages to be derived;
The unprecedented congestion of freight
traffic upon the railroads of the country is
level Of business activity and prosperity in
the country. Present blockaded conditions.
il is true, are a disadvantage ana promise
existence of the enormous traffic is demon
strated beyond dispute. While 1t Is evident
that heavy additional outlays must De mace
by the railroads for facilities to take care
of their traffic, the conviction is growing
that the conditions warrant commence III
the future prosperity of the railroads.
In spite of Saturdays weak bank state
ment, the money market gave no cause TOT
depression of speculative activity Cail
loans fell below 2 per cent in the late trad
ing on the Stock exchange. There were
some prominent laggards In the upward
movement OF prices, notably the Fries ano
the United States Steel stocks. The hard
coalers did not share strongly in the marFet
strength. but the strength was fairly com,
prehenstve ard embraced a long list OIL
representative stocks and quite a list OF
minor industrials on the speculative theory
hat this class of stock has a better. chance
for growth of future values than the hgh
priced railroad stocks.
There were heavy spots in the bond mar
| ket. but enough points of strength to make
the tone irregular. Total sales, par value
$5,O5O,O 600. United states new 49, registered,
declined 2k on the last call.
~. fnlInwInn are The closing prices on