Omaha daily bee., 1903-01-30
NEW YNRK STOCKS AND BONDS.
Trading Volume, Somewhat Better,
Though Limited to Leading Issues.

NEW YORK, Jan. 29.-The tone of to-
days stock market was altogether pro-
Of the previous day, but was limited for
the most part to the leading issues, A
number of favorable features, such as the
Increased ease OF sterling exchange and
promise of an amicable solution of the
Venezuelan situation, were ignored, as also
were a number of excellent railroad re-
turns. st. Paul was not included I'm this
latter class. that road showing a decrease
of over $43 900 net for December. In point
of activity and general interest st. Paul
was the. fec ture of the early session. The
stocks opened moderately strong In an
ticipation of favorable action by the di-
rectors respecting the proposed increase of
stocks
Following an advance of over a point
brokers representing important interests
sold freely and the stock closed with a
fractional advance Announcement that
nothing except, routine business had been
come out until after the close of the mar
ket. other features of interest in Penn
s~ylvania, in which was extensive trading,
St. Louis & San Francisco issues, and
Delaware & Hudson and Amalgamated
Copper. Later Missouri Pacific, Erie and
some other leading railway shares devel-
oped increased tirmness. The movement
In the Erie issues in the afternoon attracted
considerable attention and appeared TO be
based on a revival of combination re-
ports which were current a fortnight ago.
Erie common on heavy trading made a net
gain of u. while the first and second pre-
ferred advanced 1909 points respectively:
In the industrials offerings of General
Electric were freely absorbed with a net
gain of ~ points, the stock closing at the
highest figure. Improvement was shown
by United States really, Republic Iron and
Steel, United States Leather and some Of
the minor issues. What was believed to
be pool manipulation was shown in the
course of some stocks and the concurrent
| upward movement I'm Pennsylvania and the
Wabash issues gave rise to a renewal OF
reports of a settlement of differences be-
tween the interests controlling those prep
critics. Aside from the strength of Fries
and the weakness of st. Paul. there was
no noteworthy feature in the late session.
Trading continued narrow and operations
for London account were small and OF an
| arbitrage character. The closing was T.
regular and dull. Foreign exchange con-
| tinued nacdve. The supply OF remittances
was rather better than usual, but the in
curry was not at all urgent. The market
appears to have gone so far below the
gold export level as to render the use OF
metal remittances improbable. The situa-
ton is still modified, however, by several
conflicting features, which may develop
interesting complica lions almost any day,
although II is generally believed that no
accumulation bills will be attempted by
tions for the transfer of the Panama canal
property have been completed. The rail
road bond market was moderately active
and showed a good distribution of dealings,
though the movement was uncertain.
Total sales, par value, :2,5l5,OOO. United
States bonds were all unchanged on the
last call.
The following are the closing prices on
tba NaW Work Stock exchange.