Omaha daily bee., 1903-04-29
NEW YORK STOCKS AND BONDS.
Market Again Listless, Professionals
Providing All business Doing.

BFONlulnR All business DOlnRs
NEW YORK, April 2s.-Today's stock
market was similar to that of yesterday,
except that professional selling came early
in the day and the short covering later.
realizing Iafterward. But the whole market
was strictly professional unless there may
have been some dribbling of liquidation
of small longs due to WEAKNESS with the
persistent apathy of the market. The &C
ton of the New York public utilities was
a striking evidence of the dominant pro-
weakened sharply in the morning on the
supposition that a decision would be
validity of the New York tax upon their
franchises. Immediately upon the an
nouncement that this expected decision
had been rendered prices turned Upward,
owing to the efforts of the bears to cover
their short contracts. The announcement
export to Europe had been made the occa-
sion for general selling, but the shorts in
the general list were equally disposed to
leave their commitments uncovered over
night. The. result was a show of exceed
ingly small net changes. Most of these
are on the side OF, losses. as the, declines
were not all completely recovered. Anal
gamated copper gained for the day ~,
being helped by the rally in the metal
market. st. Louis & San Francisco closed
IA higher on account of the report that
the San Antonio & Arkansas Pass road
had been acquired from the Southern Pa
forthcoming. New York Central rose
sharply at the last. Some special weak
ness was MANIFEST IN southern PaCl1C ana
st. Paul was the cause of some eager con-
lectures on the part of the traders who
professed to see signs of influential selling
In those two stocks. The approaching de-
parture for vacation trips of some of the
operators in stocks caused a keen watch
fulness for signs that they are tightening
their holdings. Current gossip pointing to
plans for some permanent retirements
owing to conditions of health in the case
of some conspicuous leaders gives addi-
tional force of Influences of this character.
The export of gold was of merely senti-
money market is one of growing ease.
The principal demand for remittance by
exchange at this time is for the purpose
of paying of maturing indebtedness on the
part of syndicates and bankers simply be-
cause money Is growing cheaper at home
and 1t is not believed that the large inter-
ests concerned would be disposed to ship
gold on a large scale at present in the re-
payment Of loans owing to. the bad senti-
mental effect upon securities of an out
ward movement of the metal.
The enormous profits disclosed by the
winding up of the United States Steel un-
derwriting syndicate offered a subject for
much discussion and revealed the strong
incentive to the promotion of the great
mergers and combinations during. the
four1shing period of the process. includ-
ing the one-ifth interest in the total profits
which Is understood to have gone to the
syndicate managers as a commission, the
total profits of this underwriting amounted
apparently to go per cent on the amount
Of cash actually paid, the disposition to
the subscribers footing up 200 per cent on
the same basis.
Today's bond market continued irregular.
4 total sales, par value, $500, 900. United
States new As advanced AZ per cent on the
last call.
The following are the quotations on the
New York Stock exchanges: