Omaha daily bee., 1903-02-19
NEW YORK STOCKS AND BONDS.
Holiday Prospects Increase Tendency
Toward General Market stagnatiOn.

NEW YORK, Feb. 1S.-The decision of the
governors of the New York Stock exchange
soeay 10 SqSpe tha 33pegpStihOns T LTom vrI rnn.
firmec the endency toward stagnat:on in
the market. The professional traders are
always disinclined to undertake commit
ments on the eve of a holiday and a three
day interval in the trading is sufficient to
induce almost universal closing. up OF &C
counts and practical desertion of the board
room. With the curtailment of the activ-
ity prices moved sluggishly and in an ir-
regular a Bnt the aoWnTSra tenaeney
general net declines running to a point or
more in a few of the prominent stocks.
A~malgamated Copper continued TO be a fea-
ture Of the trading and made further prog
ress upwards, but without maintaining Its
highest price. which reached "a: This com
pared with So in February OF last year,
which was the highest for that year. To-
days price was the highest thus far touched
plain the continued advance in these stocks
beyond the current comment on the favor
able outlook for the trade, a further rise
contending interests and the universal ac-
tivity and strength of copper stocks as a
class both here and abroad. A sustaining
mented early in the day by the conclusion
on the part of international exchange houses
not to ship geld by tomorrow steamer her;
the advance in the sterling rate at Paris
showed that French capital was ready to
The low rate for money in Berlin indicated
also that London borrowers may continue
to resort to that center. The fact that
these resources are open to LONDON Is eV-
Identity the explanation of the postpone
ment or prevention of the gold outgo from
New York. Some interest attaches TO the
action Of the sank of England governors
on the discount rate tomorrow; London ad-
vices indicate some expectation that the
rate will be reduced, but the known largo
dependence of London at this time en- con-
hdential capital and today's advance In the
private discount rate in London make II
questionable whether the rate will be re-
duced. The local time money market was
hrmer again today. Tn deposit OF $780,
900 at the subtreasury Tor transfer 70 sew
| Orleans brings the total for that destination
up 10 $4,000 for the week. Customs collec-
tions also continue very large, SO that the
subtreasury has taken from the banks
leans. The movement to New Orleans Is
evidently due to the speculative activity in
change at a discount at Chicago II is not
probable that there is any large movement
Of currency from the west to New YORK
Sterling exchange. continued strong In THIS
market. The various developments In the
money situation may have helped to de-
press prices of securities. The probability
Of reductions In railroad earnings on 'ac'
count of storm damage was another FAC
tor. A new divisional bond issue by the
Atehis01: v dhe = Eu Nashville M served SrsS as admoS'
nitions of the larger corporations require
ments ever changing the money. market
The special heaviness of New York Contra
was attributed to a doubt of the productive
results of some OF the heavy outlay con
templated by that company. There wer'
sales Of subscription rights to the new chi
cage & Northwestern stock issue at 5lh Il
l4Sh. Chicago g. preferred
sold at a decline S Of Is r points ntbs rrS S I las
of the market were among minor stocks.
The bond market was dull and irregular
Total sales; par NalHe' a ciSSSe;d on M
The following are the closing prices OF
- - vi CA4AIr a1a