Omaha daily bee., 1903-04-15
NEW YORK STOCKS AND BONDS
influential support Turns Downward
Course of Prices on Exchange.

NEW YORK, April I.-The downwar /
course of prices was turned today by the
influential support in the lace o. cont n led
heaNy LIQUIDATION at the opening. W en-
tn heavy o~utpouring OF stocks was stoppe a
the years began to look about Tor stoCn [,
cover their Short contracts. In the carry
stages OF the recovery this was done n a
very leisurely and indifferent manner, but
toward the emo of the day the buying lot
bear account to cover became Cec.dedly
urgent. The turn against the shJit ac-
count was furthered by the circulation of a
rumor just before the close that severa. al
tentative plans of reorganization Tor III
Northern Securities company hal been ue
vised and would be laid before the autho.i
Ties at Washington, with The pose, (
compromising the g yvernment's suit agains.
the company by a~.rangins 1 statu |, con-
form with the law and thus avo d an ap-
peal of the case to the supreme cour,. A
soon as his story cou d be brought to tue
at en- ion of the dominant power In tn
Nor hern Securities company IL WI
reach the floor of the Stock exchange be
fore the close. so that the alarm II the
bears was unall- yea. P.evious to thai
volume of business as prices ed and
little inclination to follow the advance on
the pare OF the buyers.
The tone OF the market during the strug
gle between. the two par LIS on tn eX.
change was feverish and irregu az, he bid
dibg up OF prices being Iols. anti m wiz!
heayy selling, Whlie at the ueCl mes ht
buying orders were execu' ed with in ease
d termination. A subs anulal retovery II
ANNA a. e CNu < Oh AAG CUR BIT III
opening, ana a consequent rellp e 10 y s
1, rday's close. had a quick sympathetic re
sponse on the Stock exchange, and a fna
rtcJNery to about IS confirmed the steadie
lone o. specu alton on the exchange. Fl. a
prices oil he active stocks were iron l
over 2 points above last night. LONDON di
Its first trading thij morning sine n. IN
no~uncement OF the securities a, cision, an
the break In Americans there thi morning
although V1o.en was not suf1ci mt 10 brin
prlcss IOWA - last nj III c.,s g We
mere. The opening decline here, Their, fore
offered Inviting opportunities for buying o
arbitrage account and London took abou
300 shares on thai account. With tn,
rally la prices there was a char acteristi
change In the stock market views OF tn
Northern Securities decision and it's conse
quences. A confident assurance was in
Northern had not been involved I'm destruc
i've competition lesore the formation Of tn
Securities company and were not likely Z.
fal upon II with the dissolution of tn cor
pcrltio 1t wa recalled that III compan
was "a holding device to. tacilitIte control
rather than to avoii competition. With III
present conditions there H. not S mLc
solicitude felt about leaving railroads on
over night. even where an efrecti
minority no ding constitutes the control.
has become doubtful also Whe her recent
completed in any event by reason OF IN
congo ted condition OF the securities mar
ket. 1t is considered questionable I'm vie,
Of later developments whether even tn
Burlington purchase would be pushed 10
conclusion IL II remained to be done at thi
time. The extreme alarm regarding n
cons equences of the Northern Securitie
decision which was so prevalent yesterda
was thus quite absent today. Very / It'll
attention was given TO any other con sidera
toI In the days recovery.
Bonds rallied sharply in sympathy wit
stocks. Total sales, par value, S324l,OOO,
on the last call.
The following are the quotations on III
New York 2fnNx aNphan0a.